Finance
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Uber’s global investments finally pay off, with stakes that could be worth more than $18 billion as many prepare to go public (UBER)
Singapore’s ride-hailing firm Grab announced plans Tuesday to go public at a $40 billion valuation. Uber is one company poised to win...
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Goldman Sachs’ CFO just explained why the bank is pushing to shut down old tech and making big plans to migrate to the cloud
Goldman’s CFO said Wednesday that the firm is planning to “eliminate legacy technology.” It’s part of the firm’s efforts to increasing lean...
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Litigation funders are seeing opportunities for big returns in bankruptcies. Here’s how 4 firms are playing it.
Litigation funders have seen an uptick in demand for third-party funding for bankruptcy cases. Though federal intervention has kept the worst of...
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Houlihan Lokey is sending its bankers on all-expenses paid vacations and bumping base comp and bonuses for junior employees, as perks keep flowing on Wall Street
Houlihan Lokey is sending its corporate finance bankers on all-expenses paid vacations. The bank is increasing base comp by $5,000 for first-year...
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PNC takes on overdraft fees and neobanks with Low Cash Mode
PNC’s new feature will increase transparency and customers’ autonomy, in addition to helping them avoid costly overdraft fees. And similar products from...
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Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82
Ponzi schemer Bernie Madoff has died in federal prison, aged 82, according to the AP. He died from apparent natural causes, a...
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Coinbase’s big day — JPMorgan poaches Marcus exec — Merrill trainees are still on pause
America’s best work-from-home expert is bracing for turmoil Elizabeth Viggiano for Insider Nicholas Bloom, an economics professor at Stanford University, is warning...
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55Credit Suisse just put $2 billion of Archegos-linked stocks on the market after the hedge fund’s meltdown, reports say
Reuters Credit Suisse is still unloading Archegos-linked stocks after the US hedge fund’s collapse. The lender put up about $2 billion worth...
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Brevan Howard hires ex-Point72 CTO Singh as it ramps up its ‘Alpha Strategies’ systematic trading fund
Brevan Howard hired Gurpreet Singh as CTO of its Alpha Strategies fund. Singh is the former CTO of Point72’s quant-trading group Cubist....
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Merrill Lynch’s advisor training program is on month 9 of a ban on reaching out to prospective clients. Insiders say morale is taking a big hit. (BAC)
Issues in Merrill Lynch’s massive pipeline for financial advisors are weighing on trainees’ morale. Advisors in training have faced months of mixed...
