German Crypto Exchange Bitcoin Group SE Buys Investment Bank Tremmel

German cryptocurrency exchange Bitcoin Group SE acquired investment bank Tremmel Wertpapierhandelsbank GmbH, aiming to significantly expand its service portfolio. The purchase price was not disclosed, but the company said it is in the lower seven-digit euro range. With the acquisition, Bitcoin Group expects to obtain the use of Tremmel’s banking license.
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West Bank visitors attracted to hotel adorned by Banksy art

Guests at the Walled Off Hotel in the occupied West Bank town of Bethlehem on Tuesday admired the works of British street artist Banksy, whose wall paintings and other works adorn the establishment.


Reuters: Arts

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Bank Of America Q3 Profit Surges On Asset Quality, Lower Tax Rate

Bank of America (BAC) reported that its third-quarter earnings per share was up 43% year-over-year to $ 0.66. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.62 for the quarter. Analysts’ estimates typically exclude special items. Net income to shareholders increased to $ 6.7 billion from $ 5.0 billion, previous year, driven by continuing strong operating leverage and asset quality, as well as the benefit of tax reform. Pretax income was up 18% to $ 9.0 billion.
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Bank of America earnings’ jump, topping Wall Street estimates, as consumer credit improves

Chief Executive Officer Brian Moynihan, 59, has focused on cutting costs while looking for profit opportunities that fit his "responsible growth" mantra. 
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