Euro E Bank Whiz
Like all good Internet stories, this one starts in a garage. Not in Silicon Valley, but at a well-appointed abode in Surrey, England. In 1997, the brokerage arm of Boston mutual fund giant Fidelity Investments retreated from Europe, axing London-based Managing Director Gerhard Huber and a half- dozen of his colleagues. The laid-off financiers took their generous severance packages, retreated to Huber's garage, and plotted their future. "We had wanted to create a financial supermarket and deliver it through the Internet for Fidelity," recalls Huber. "Since they didn't want our idea, we decided to do it by ourselves."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt