From: Bloomberg Gadfly
The finance world’s attempt to build a white-collar version of blockchain — the shared-ledger technology that underpins rebellious virtual currencies such as Bitcoin — has generated Silicon Valley quantities of buzz. There hasn’t been much genuine risk-taking, though, nor have we seen much of a result.
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Median return on equity (ROE) for the world’s top investment banks is expected to be about 7 to 8 percent over the next two years, according to Bloomberg Intelligence, slightly better than last year but lower than historic norms. Better tech would help, though haring after the blockchain dream is starting to look like a cover for the drab reality of going paperless.
Returns Rising…Slowly
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