Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

We have studied this for about a year before investing, so we are aware of the risks,” Peggy Lachmann-Anke said. Patrick Wyman, FBI supervisory special agent at the financial crimes section of the agency’s anti-money laundering unit acknowledges cryptocurrencies pose some unique challenges. Various estimates show cryptocurrency crime is on the rise, keeping pace with the market’s rapid growth. “We do not pretend that every law enforcement agency is devoting resources to every single crime. That


We have studied this for about a year before investing, so we are aware of the risks,” Peggy Lachmann-Anke said. Patrick Wyman, FBI supervisory special agent at the financial crimes section of the agency’s anti-money laundering unit acknowledges cryptocurrencies pose some unique challenges. Various estimates show cryptocurrency crime is on the rise, keeping pace with the market’s rapid growth. “We do not pretend that every law enforcement agency is devoting resources to every single crime. That
Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: chesnot, getty images
Keywords: news, cnbc, companies, scammed, lachmannanke, investors, technology, laundering, west, navigating, hacked, cryptocurrency, peggy, hand, financial, wild, enforcement, law, wyman


Hacked, scammed and on your own: navigating cryptocurrency 'wild west'

When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA.

They bought more coins.

The Cyprus-based German couple, who describe themselves as financial educators, figured they had no chance of recovering the coins and it was not even clear who might take up their case. Yet they took the roughly $14,000 loss in stride — something that comes with the territory when one bets on a new, exciting technology in a yet unregulated market.

“We really believe in cryptocurrencies. We have studied this for about a year before investing, so we are aware of the risks,” Peggy Lachmann-Anke said. “There was nothing we could do.”

Far from unusual, the episode is emblematic for a market where few rules apply and where investors’ faith in the blockchain technology goes hand in hand with the belief that it also helps criminals cover their tracks so well that trying to catch them is a fool’s errand.

Patrick Wyman, FBI supervisory special agent at the financial crimes section of the agency’s anti-money laundering unit acknowledges cryptocurrencies pose some unique challenges.

“A decentralized currency system like bitcoin, or another form of virtual currency is not governed by any entity, suspicious reporting activity, and any anti-money laundering compliance,” Wyman told Reuters.

Various estimates show cryptocurrency crime is on the rise, keeping pace with the market’s rapid growth. That forces investigators to focus on high-profile cases, security professionals and officials say, effectively leaving small investors to their own devices.

“We do not pretend that every law enforcement agency is devoting resources to every single crime. That would not be possible,” said Jaroslav Jakubcek, an analyst at Europol, which serves as a center for the European Union’s law enforcement cooperation, expertise and intelligence.


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: chesnot, getty images
Keywords: news, cnbc, companies, scammed, lachmannanke, investors, technology, laundering, west, navigating, hacked, cryptocurrency, peggy, hand, financial, wild, enforcement, law, wyman


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Navigating fintech’s rise: IMF, World Bank launch guide for policymakers

The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech. The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings. Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Dire


The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech. The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings. Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Dire
Navigating fintech’s rise: IMF, World Bank launch guide for policymakers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: yen nee lee
Keywords: news, cnbc, companies, policymakers, navigating, bank, fintechs, technology, financial, work, paper, services, world, launch, fintech, systems, imf, rise, guide


Navigating fintech's rise: IMF, World Bank launch guide for policymakers

The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech.

The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings.

The paper outlines 12 “elements” or considerations that the IMF, the World Bank and governments can keep in mind when designing policies and regulations that can maximize the benefits of fintech while keeping financial systems sound.

Those “elements” include using fintech to promote financial inclusion, allowing new technology players to have level playing fields with existing companies and having countries work together to protect the global financial system.

Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Director Christine Lagarde said in a statement.

But, new technology could threaten existing financial systems. For example, volatility in the price of cryptocurrencies has raised concerns about investor protection, according to the paper.

“Fintech can have a major social and economic impact for them and across the membership in general. All countries are trying to reap these benefits, while also mitigating the risks,” Lagarde said.

“We need greater international cooperation to achieve that, and to make sure the fintech revolution benefits the many and not just the few,” she added.

World Bank Group President Jim Yong Kim said fintech would be particularly helpful to low-income countries, where access to financial services is low.

Both organizations said the paper doesn’t represent current work, nor does it aim to provide specific guidance or policy advice. They will, however, start to develop specific programs on fintech.

The IMF will focus initially on the implications on monetary and financial stability and how international monetary systems and global financial safety nets evolve. The World Bank will work on using fintech to deepen financial markets, enhance responsible access to financial services, and improve cross-border payments and remittance transfer systems.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: yen nee lee
Keywords: news, cnbc, companies, policymakers, navigating, bank, fintechs, technology, financial, work, paper, services, world, launch, fintech, systems, imf, rise, guide


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Former GE Exec: These 6 common bad habits can ‘doom’ your career

Navigating the corporate world can be tricky at times. And as you work your way up to the executive suite, keeping up with the corporate grind can lead you to form bad habits. Vishal Agarwal, author of the book “Give to Get: A Senior Leader’s Guide to Navigating Corporate Life,” says those habits can ultimately hurt your career. Agarwal worked his way up from intern to a senior deals partner at PricewaterhouseCoopers and is the former managing director of development and investments at GE. As so


Navigating the corporate world can be tricky at times. And as you work your way up to the executive suite, keeping up with the corporate grind can lead you to form bad habits. Vishal Agarwal, author of the book “Give to Get: A Senior Leader’s Guide to Navigating Corporate Life,” says those habits can ultimately hurt your career. Agarwal worked his way up from intern to a senior deals partner at PricewaterhouseCoopers and is the former managing director of development and investments at GE. As so
Former GE Exec: These 6 common bad habits can ‘doom’ your career Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-09  Authors: ruth umoh, -vishal agarwal
Keywords: news, cnbc, companies, leaders, way, corporate, agarwal, work, common, bad, senior, navigating, doom, worked, exec, career, habits, ge, world


Former GE Exec: These 6 common bad habits can 'doom' your career

Navigating the corporate world can be tricky at times. You may face intense scrutiny, skepticism and aggressive competition.

And as you work your way up to the executive suite, keeping up with the corporate grind can lead you to form bad habits. Vishal Agarwal, author of the book “Give to Get: A Senior Leader’s Guide to Navigating Corporate Life,” says those habits can ultimately hurt your career.

Agarwal worked his way up from intern to a senior deals partner at PricewaterhouseCoopers and is the former managing director of development and investments at GE. As someone who has both climbed his way up to leadership positions and witnessed those under him do the same, Agarwal says aspiring leaders must avoid these six common habits that can “doom” your career:


Company: cnbc, Activity: cnbc, Date: 2018-05-09  Authors: ruth umoh, -vishal agarwal
Keywords: news, cnbc, companies, leaders, way, corporate, agarwal, work, common, bad, senior, navigating, doom, worked, exec, career, habits, ge, world


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Cramer Remix: Navigating buying opportunities in tech amid a sell-off

Market sell-offs can create buying opportunities. CNBC’s Jim Cramer said today’s market nosedive is a chance to pick up Alphabet, the company formerly known as Google. On Tuesday, Alphabet was down nearly 5 percent despite Monday’s stellar earnings report. The earnings beat Wall Street expectations on multiple fronts. “If you only looked at the stock, you’d think Alphabet just delivered some really ridiculous downside surprise,” Cramer said on Mad Money Tuesday.


Market sell-offs can create buying opportunities. CNBC’s Jim Cramer said today’s market nosedive is a chance to pick up Alphabet, the company formerly known as Google. On Tuesday, Alphabet was down nearly 5 percent despite Monday’s stellar earnings report. The earnings beat Wall Street expectations on multiple fronts. “If you only looked at the stock, you’d think Alphabet just delivered some really ridiculous downside surprise,” Cramer said on Mad Money Tuesday.
Cramer Remix: Navigating buying opportunities in tech amid a sell-off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: kellie ell, daniel acker, bloomberg, getty images, source, scott mlyn
Keywords: news, cnbc, companies, worseif, cramer, navigating, alphabet, remix, tech, tuesdaybut, earnings, selloff, opportunities, turn, youd, wall, stock, amid, buying, market


Cramer Remix: Navigating buying opportunities in tech amid a sell-off

Market sell-offs can create buying opportunities. CNBC’s Jim Cramer said today’s market nosedive is a chance to pick up Alphabet, the company formerly known as Google.

On Tuesday, Alphabet was down nearly 5 percent despite Monday’s stellar earnings report. The earnings beat Wall Street expectations on multiple fronts. The stock immediately surged, only to turn negative hours later. On Tuesday, the stock open 1.4 percent lower. The market-wide sell-off only made matters worse.

“If you only looked at the stock, you’d think Alphabet just delivered some really ridiculous downside surprise,” Cramer said on Mad Money Tuesday.

But, he said, “nothing could be further from the truth.”


Company: cnbc, Activity: cnbc, Date: 2018-04-24  Authors: kellie ell, daniel acker, bloomberg, getty images, source, scott mlyn
Keywords: news, cnbc, companies, worseif, cramer, navigating, alphabet, remix, tech, tuesdaybut, earnings, selloff, opportunities, turn, youd, wall, stock, amid, buying, market


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Cramer’s sell-off strategy: Keep your powder dry and wait for details on the tariffs

Cramer’s sell-off strategy: Keep your powder dry and wait for details on the tariffs4 Hours AgoJim Cramer calms investors after the market sell-off and offers strategies for navigating the panic.


Cramer’s sell-off strategy: Keep your powder dry and wait for details on the tariffs4 Hours AgoJim Cramer calms investors after the market sell-off and offers strategies for navigating the panic.
Cramer’s sell-off strategy: Keep your powder dry and wait for details on the tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-22
Keywords: news, cnbc, companies, market, navigating, selloff, dry, cramers, offers, strategy, tariffs, powder, wait, details, panic, tariffs4, strategies


Cramer's sell-off strategy: Keep your powder dry and wait for details on the tariffs

Cramer’s sell-off strategy: Keep your powder dry and wait for details on the tariffs

4 Hours Ago

Jim Cramer calms investors after the market sell-off and offers strategies for navigating the panic.


Company: cnbc, Activity: cnbc, Date: 2018-03-22
Keywords: news, cnbc, companies, market, navigating, selloff, dry, cramers, offers, strategy, tariffs, powder, wait, details, panic, tariffs4, strategies


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Cramer’s game plan: Navigating 2018’s new market challenges

If CNBC’s Jim Cramer had to choose one word to define this stock market, it would be “challenging.” “Challenging, as in stocks can be up right from the get-go, then we give up the ghost, then the averages come roaring back, except we do it with fewer stocks rallying and many names left behind,” the “Mad Money” host said on Friday. “Welcome to the post-highs market where there are simply too many headwinds swirling, from rising raw costs … to the West Wing revolving door to failed takeovers and


If CNBC’s Jim Cramer had to choose one word to define this stock market, it would be “challenging.” “Challenging, as in stocks can be up right from the get-go, then we give up the ghost, then the averages come roaring back, except we do it with fewer stocks rallying and many names left behind,” the “Mad Money” host said on Friday. “Welcome to the post-highs market where there are simply too many headwinds swirling, from rising raw costs … to the West Wing revolving door to failed takeovers and
Cramer’s game plan: Navigating 2018’s new market challenges Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-16  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, wing, navigating, word, cramers, stocks, money, west, mad, challenges, game, cramer, market, host, whats, plan, 2018s


Cramer's game plan: Navigating 2018's new market challenges

If CNBC’s Jim Cramer had to choose one word to define this stock market, it would be “challenging.”

“Challenging, as in stocks can be up right from the get-go, then we give up the ghost, then the averages come roaring back, except we do it with fewer stocks rallying and many names left behind,” the “Mad Money” host said on Friday.

“Welcome to the post-highs market where there are simply too many headwinds swirling, from rising raw costs … to the West Wing revolving door to failed takeovers and suddenly unhelpful government intervention,” he continued.

But even with all of the negatives, Cramer knew one thing for certain: the earnings are strong and full of upside surprises, and that’s what’s keeping the market from tanking.

With that in mind, the “Mad Money” host turned to his weekly game plan:


Company: cnbc, Activity: cnbc, Date: 2018-03-16  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, wing, navigating, word, cramers, stocks, money, west, mad, challenges, game, cramer, market, host, whats, plan, 2018s


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Greta Van Susteren: Navigating social media

Greta Van Susteren: Navigating social media3 Hours AgoGreta Van Susteren, “Everything You Need to Know About Social Media” author, talks about how to use social media for good.


Greta Van Susteren: Navigating social media3 Hours AgoGreta Van Susteren, “Everything You Need to Know About Social Media” author, talks about how to use social media for good.
Greta Van Susteren: Navigating social media Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-11-15
Keywords: news, games, cnbc, companies, van, social, navigating, need, media3, hours, susteren, media, know, greta, talks


Greta Van Susteren: Navigating social media

Greta Van Susteren: Navigating social media

3 Hours Ago

Greta Van Susteren, “Everything You Need to Know About Social Media” author, talks about how to use social media for good.


Company: cnbc, Activity: cnbc, Date: 2017-11-15
Keywords: news, games, cnbc, companies, van, social, navigating, need, media3, hours, susteren, media, know, greta, talks


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Navigating the brave new world of cybersecurity investing

Venture capital firms invested $3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. It’s no surprise money is pouring into the cybersecurity sector: About 64 percent of Americans have experienced a data breach, according to Pew Research Center. Around half of Americans do not trust the federal government or social media sites to protect their data, Pew found. The Identity Theft Resource Center has uncovered 1,120 data breaches to date this year, with


Venture capital firms invested $3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. It’s no surprise money is pouring into the cybersecurity sector: About 64 percent of Americans have experienced a data breach, according to Pew Research Center. Around half of Americans do not trust the federal government or social media sites to protect their data, Pew found. The Identity Theft Resource Center has uncovered 1,120 data breaches to date this year, with
Navigating the brave new world of cybersecurity investing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-11-14  Authors: kayleigh kulp, special to cnbccom, jetta productions blend images, getty images, siphotography, source, ponywang, jupiter images, stone
Keywords: news, games, cnbc, companies, data, brave, trust, navigating, million, cybersecurity, world, investors, trading, technology, ventures, billion, investing, share


Navigating the brave new world of cybersecurity investing

Venture capital firms invested $3.1 billion in nearly 300 cybersecurity startups in 2016, according to research firm CB Insights. Top-funded, privately held cyber companies now include Tanium, which has raised about $395 million to support its endpoint protection technology, and Lookout, which has raised about $281 million and secures smartphones. The two are each valued at more than $1 billion, CB Insights reports.

It’s no surprise money is pouring into the cybersecurity sector: About 64 percent of Americans have experienced a data breach, according to Pew Research Center. Around half of Americans do not trust the federal government or social media sites to protect their data, Pew found. The Identity Theft Resource Center has uncovered 1,120 data breaches to date this year, with some 171 million records exposed.

Yet, despite the flow of dollars into the industry — to the tune of about $90 billion — it’s growing somewhat “slowly,” at about 10 percent a year, Grinnell said.

To top it off, “the bad guys have more money to spend than the good guys,” said Vikram Phatak, CEO of NSS Labs in Austin, Texas. NSS Labs creates independent performance scorecards for security company products.

More from Smart Investing:

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Millennials lack confidence to invest: Bank executive

What investors should do before market gets gored

In fact, one of the biggest threats to cyber investors is that their technologies may be proven to have holes or be exploited. If they are, their value essentially becomes negative, said Grinnell at Glasswing Ventures.

That hasn’t stopped entrepreneurs from trying to create the holy grail that banks, health-care companies, credit bureaus and card issuers can rely on to protect sensitive personal data.

“Data is the new type of petrol … it’s an incredibly large space that has become more and more complicated,” said Sunil Madhu, CEO of Socure. The firm is a provider of digital identity verification predictive analytics technology that recently secured about $14 million in a series B round led by Commerce Ventures (raising about $27.5 million to date).

Socure’s revenues have grown 600 percent over last year, Madhu said, and its valuation is pegged at $55 million. Three of Madhu’s five ventures have been in cybersecurity.

Venture capital firms aren’t the only ones able to capitalize; individual investors also have a few publicly traded opportunities to gain diversified exposure to the sector, such as the PureFunds ISE Cybersecurity ETF and First Trust Nasdaq Cybersecurity ETF. Both have performed well this year, with the former trading at about $30 per share, up from about $26 a year ago. The latter, meanwhile, is trading at about $22 per share, up from about $19 a year ago.


Company: cnbc, Activity: cnbc, Date: 2017-11-14  Authors: kayleigh kulp, special to cnbccom, jetta productions blend images, getty images, siphotography, source, ponywang, jupiter images, stone
Keywords: news, games, cnbc, companies, data, brave, trust, navigating, million, cybersecurity, world, investors, trading, technology, ventures, billion, investing, share


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Navigating insurance claims, post Hurricane Irma

Another reason to act fast: Insurers often handle claims on a first-come, first-serve basis, J. Robert Hunter, director of insurance for the Consumer Federation of America, told CNBC earlier this year. In addition to a primary homeowners insurance policy, some homeowners may also have separate wind damage coverage via the state-run Citizens Property Insurance Corporation, and flood insurance with the National Flood Insurance Program or a private insurer, Worters said. Homeowners policies specifi


Another reason to act fast: Insurers often handle claims on a first-come, first-serve basis, J. Robert Hunter, director of insurance for the Consumer Federation of America, told CNBC earlier this year. In addition to a primary homeowners insurance policy, some homeowners may also have separate wind damage coverage via the state-run Citizens Property Insurance Corporation, and flood insurance with the National Flood Insurance Program or a private insurer, Worters said. Homeowners policies specifi
Navigating insurance claims, post Hurricane Irma Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-11  Authors: kelli b grant, getty images
Keywords: news, games, cnbc, companies, coverage, hurricane, damage, trip, flood, claims, irma, wind, insurance, director, post, homeowners, navigating, insurer, policy


Navigating insurance claims, post Hurricane Irma

Another reason to act fast: Insurers often handle claims on a first-come, first-serve basis, J. Robert Hunter, director of insurance for the Consumer Federation of America, told CNBC earlier this year.

Consumers likely need to make several calls. (Ideally, policy numbers and agent contacts would have been part of an emergency “go bag.”)

Homeowners: You may have several kinds of coverage. In addition to a primary homeowners insurance policy, some homeowners may also have separate wind damage coverage via the state-run Citizens Property Insurance Corporation, and flood insurance with the National Flood Insurance Program or a private insurer, Worters said.

Even if you don’t have flood insurance (only about 12 percent of homeowners nationwide do), call your home insurer, said Peter Kochenburger, deputy director of the Insurance Law Center at the University of Connecticut School of Law. Homeowners policies specifically exclude damage related to flooding, but water and wind damage are separate issues. (For example, you could be covered for water damage resulting from wind damage to the roof, or a flying tree branch that broke a window, he said.)

“Don’t assume you don’t have coverage,” he said.

Auto: The comprehensive portion of your auto insurance typically would cover damage from downed trees, flooding and other storm-related damage, up to the vehicle’s market value, Worters said.

Travel: Floridians currently traveling should reach out to their travel insurance provider, if they bought a policy for their trip. The “trip interruption” portion could kick in for policyholders who need to cut short their travels due to the hurricane damaging property, said Megan Singh, project management director for insurance marketplace Squaremouth.

“They could actually be covered to return home,” she said — including the cost of a new flight and reimbursement for hotel nights and other prepaid expenses left unused as a result of the shortened trip. Call your insurer to confirm the policy details.


Company: cnbc, Activity: cnbc, Date: 2017-09-11  Authors: kelli b grant, getty images
Keywords: news, games, cnbc, companies, coverage, hurricane, damage, trip, flood, claims, irma, wind, insurance, director, post, homeowners, navigating, insurer, policy


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Goldman Sachs to explain trading strategy after investor pressure

That, and his vagueness over the causes of Goldman’s problems, unsettled some investors. “You were left with reading about what ‘navigating the market,’ means and that doesn’t feel satisfying,” said Ian McDonald, a U.S. bank analyst at Janus Henderson, which owns 2.5 million Goldman shares. Are they not in a position to be taking on risk as much as peers?” McDonald said he has faith in Goldman’s trading prowess and its stock, but wants the bank to do a better job of communicating its strategy. G


That, and his vagueness over the causes of Goldman’s problems, unsettled some investors. “You were left with reading about what ‘navigating the market,’ means and that doesn’t feel satisfying,” said Ian McDonald, a U.S. bank analyst at Janus Henderson, which owns 2.5 million Goldman shares. Are they not in a position to be taking on risk as much as peers?” McDonald said he has faith in Goldman’s trading prowess and its stock, but wants the bank to do a better job of communicating its strategy. G
Goldman Sachs to explain trading strategy after investor pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-29  Authors: brendan mcdermid
Keywords: news, games, cnbc, companies, trading, explain, pressure, goldmans, navigating, unsettled, investor, sachs, trouble, worse, bank, strategy, vagueness, goldman, wants


Goldman Sachs to explain trading strategy after investor pressure

That was the case last month, when Goldman reported a stunning 40-percent decline in bond-trading revenue, much worse than rivals like Morgan Stanley and JPMorgan Chase & Co.

Goldman Chief Financial Officer Marty Chavez said Goldman had trouble “navigating” the markets during a conference call to discuss second-quarter results on July 18, but did not offer specifics.

That, and his vagueness over the causes of Goldman’s problems, unsettled some investors.

“You were left with reading about what ‘navigating the market,’ means and that doesn’t feel satisfying,” said Ian McDonald, a U.S. bank analyst at Janus Henderson, which owns 2.5 million Goldman shares.

“Did they cut too deep on the bench? Are they not in a position to be taking on risk as much as peers?” he asked.

McDonald said he has faith in Goldman’s trading prowess and its stock, but wants the bank to do a better job of communicating its strategy.

Goldman Sachs spokeswoman Ida Hoghooghi declined to comment.


Company: cnbc, Activity: cnbc, Date: 2017-08-29  Authors: brendan mcdermid
Keywords: news, games, cnbc, companies, trading, explain, pressure, goldmans, navigating, unsettled, investor, sachs, trouble, worse, bank, strategy, vagueness, goldman, wants


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