-
Investment Bank Cowen Shuts Down Crypto Digital Asset Unit
The boutique investment bank Cowen Inc. is shuttering a digital-asset unit that was launched to offer institutional clients access to cryptocurrency trading. “Today will be the last day for the team here at Cowen Digital,” according to an email seen by Bloomberg News, which was addressed to clients, friends and colleagues. The note listed at least 10 employees and an intern as part of the group’s team. A Cowen spokesperson declined to comment. TD Bank Group, one of the largest banks in North America, said in March that it had completed its acquisition of Cowen, a financial services firm that provides investment ... (full story)