Just over a
month ago Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG, and State Street joined
UBS and BNY Mellon in a project to launch a cryptocurrency — the «utility settlement coin» — set for a limited back - end
run by 2018.
Gold had a tumultuous
run in 2013 but don't expect any respite in the new year, said
UBS, which anticipates double - digit percentage losses over the next 12
months.