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Should the US government buy XRP, solana and cardano? Trump says yes

Hedge Funds Correspondent

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Donald Trump wants to include altcoins in a US crypto reserve, but industry leaders aren’t so sure about the plans.

Your guide to the week’s biggest fintech stories

Bilal Jafar

Currencies

Finance

Inside Aberdeen’s turnaround plan: ‘Something had to change and it has’

Abrdn’s vowel movement and Schroders £150m cost-saving plan

Schroders CFO: ‘We will have fewer employees later this year’

SJP hires ex-Aberdeen marketing boss Rob Sanders as chief client officer

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CEO Mark FitzPatrick continues to overhaul the wealth manager’s leadership team a year after taking the helm

Coutts’ Camilla Stowell joins Rathbones as wealth CEO

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Stowell, who survived the Nigel Farage debanking scandal, will lead Rathbones’ investment management and financial planning divisions

Ex-Credit Suisse trio joins Piper Sandler for Zurich launch

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The US bank has turned to former Credit Suisse staff to expand its European equities business

Perkins Coie asked a judge to block an executive order suspending the firm’s security clearances and access to government buildings.

Perkins Coie Takes Trump Administration to Court Over Retaliation 

Law Firm Sues Trump Administration Over Retaliation

Beijing has summoned Walmart for reportedly asking Chinese suppliers to swallow the tariff hikes imposed by the Trump administration, marking the latest salvo in the trade spat between the world’s two largest economies.

China Summons Walmart for Talks as Suppliers Complain Over Tariffs

The president’s team has received a flood of calls from business executives concerned about the mixed messaging on tariffs.

By Brian Schwartz, Gavin Bade and Josh Dawsey

Trump’s Economic Messaging Is Spooking Some of His Own Advisers

Larry Fink’s clout is on display with a $23 billion deal for ports in Panama and beyond.

BlackRock Becomes a Power Player in Global Shipping—With Help From Trump

Observers say enforcement of similar laws in other jurisdictions and the reputational risks for those seen to skirt the law should continue to motivate corporations to be compliant.

Despite Enforcement Pause, Ignoring Antibribery Law Still Raises Risks for Companies

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