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Today's Summary

HSBC mulls sale of singapore insurance business, bloomberg says, citing unnamed sources. Average wealth client has something like one or 2% of their portfolio outside of real estate holdings. HSBC starts review of insurance business in Singapore. Central banks barely increased their gold holdings over the past 10 years. They see geopolitical instability – and dollar weakness – as a reason to increase TOTAL reserve. Digital asset treasuries like Metaplanet experienced a huge surge last year as many companies copied the playbook pioneered by Strategy. Metaplanet borrowed $100 million against its Bitcoin holdings to fund another BTC buy.