Hedge funds drop short trades on U.S. regional banks – Goldman

Hedge funds drop short trades on U.S. regional banks – Goldman

Hedge funds have shifted their strategy with regard to U.S. regional banks abandoning their short positions at the close of August and adopting a more bullish stance on the broader U.S. financial sector. This change in sentiment coincided with a notable upswing in bank stock pricesas reported in a note from Goldman Sachs (GS.N). The…

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Binance global head of product Mayur Kamat resigns

Binance, a prominent cryptocurrency exchange, has recently experienced a significant shakeup in its executive team, with Mayur Kamatthe global head of product, resigning. This departure is part of a broader trend of high-level executives leaving the companyalong with a series of job cutsas confirmed by a spokesperson for Binance in a statement to Reuters on…

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