(Bloomberg) -- Christopher Jordan was openly resentful of his colleagues on the JPMorgan Chase & Co. precious-metals desk for getting him fired. Now he’s facing a fraud trial just like them.Most Read from BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceNYC Becomes One Billionaire Family’s Haven From China Property CrashThese Are the Best and Worst Cities for Expats to Live and Work InBanks Stuck With $42 Billion Debt Seize Chance to Offload ItThe former gold trader is accu
Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the country officially unveiled a private pension system last week. China on Friday launched its first private pension scheme in 36 cities as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks to buy pension products ranging from deposits to mutual funds. The move marked the official launch of China's version of IRA, or Individual Retirement Accounts in the United States, a private pension scheme that offers tax advantages for individuals saving for retirement.
The most recent debacle involves one of the world's largest crypto exchanges. Recently, FTX, a popular crypto trading platform, announced that it had gone broke. The announcement sent shockwaves throughout the crypto market, causing the prices of just about every cryptocurrency to fall.