Tiger Woods and James Patterson tie for No. 9 on this year's America's Wealthiest Celebrities list, both boasting a net worth of $800 million
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Crypto’s 2019 Goal: Technology People Can UseBitcoin slumped about 70% in 2018, erasing $160 billion of digital wealth in a move that exposed the cryptocurrency market’s shaky footing.
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Cost cuts can help UBS ride market ructionsThe Swiss bank reported a 2 percent increase in pre-tax profit despite a torrid end of 2018. The investment bank crashed to a quarterly pre-tax loss, while wealth management assets fell. The tougher environment puts more pressure on CEO Sergio Ermotti to hit his expense targets.
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Tidjane Thiam put on the spot by hapless tradersCredit Suisse’s markets arm made a second consecutive quarterly loss at the end of 2018. Bumper profits from wealth management and Swiss retail banking spared the CEO some blushes. But it makes a pledge to avoid further investment bank shrinkage harder to justify with investors.
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