Many bankers love blockchain for its potential to maximize efficiency and productivity while slashing costs and security risks. But the crypto-currencies, such as the (in)famous bitcoin, tied to it? Not so much—at least not across the board. While giving the thumbs up to distributed ledger technology for its advantages in areas such as trade finance, industry leaders are maintaining a wary eye on cryptos, due to disadvantages such as volatility.
Bank of Montreal
Canadian banks have made a habit of defying markets. On track to be the second country in the Western Hemisphere to fully legalize the recreational use of cannabis, Canadian banks are making the risky move of getting in on the ground floor of legal cannabis sales by investing in marijuana distributors.
The decline in global oil prices between mid-2014 and February 2016 had a dramatic impact on many economies around the world. Prices slid below the average costs of production for many oil-producing nations, which in turn rendered their