Goldman nabs AWS exec — Wall Street all-in on cloud — China’s indefinite crackdown

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Goldman Sachs just poached an AWS exec

David Solomon

Michael Kovac/Getty Images

Goldman Sachs just gained a top engineer from Amazon Web Services, as the bank leans more into cloud technology. Kamlesh Talreja will join as a partner and cohead of engineering for asset management. More on that hire here.

A Buffett-backed Brazilian fintech firm is eyeing a $2 billion US IPO


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Brazilian digital bank Nubank, which is backed by legendary investor Warren Buffett’s company, is planning an initial public offering of more than $2 billion in the US stock market. Everything we know so far.

Wall Street is all-in on the public cloud

banks and public cloud providers 4x3

Samantha Lee/Business Insider

A recent survey from Google Cloud shows public-cloud adoption on Wall Street is gaining steam. But regulatory uncertainty, which heightened over the past year, remains a threat to its widespread adoption. Here’s what Google Cloud is doing to fix that.

Crypto and blockchain investments in 2021 exceed record

Bitcoin cryptocurrency coin and a graph

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New data from KPMG show that cryptocurrency and blockchain investments this year have already surpassed 2020’s record total. The surge can partially be attributed to increased institutional adoption, while venture capital and NFTs have also played a role. See this year’s figures so far.

Fund managers are swapping traveling salespeople for remote teams

The Wall Street bull tempting suited hands with a one hundred dollar bill on a purple background

Samantha Lee/Insider

Asset managers like BlackRock and Invesco are changing the way they sell funds to advisors. Instead of hiring traveling salespeople, managers say they expect to fill more hybrid roles that mesh in-person and digital interactions. Here’s how the shakeup is impacting pay and hiring.

China signals its tech crackdown isn’t ending anytime soon

china crowd

Costfoto/Barcroft Media via Getty Images

China’s tech crackdown will likely persist — and tougher rules will be implemented for other key industries — according to a five-year blueprint the country issued on Wednesday. Here’s what you can expect.

LA County’s pension fund just delayed its return-to-office plans

GN Jane Tyska:Digital First Media:East Bay Times via Getty Images

Jane Tyska: Digital First Media: East Bay Times via Getty Images

The Los Angeles County Employees Retirement Association has pushed back its return-to-office date to October after two staffers contracted Covid-19. It’s just the latest employer to delay its office reopening as the Delta variant throws a wrench in planning.

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