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Top fintech bankers; a profile of Raine Group's Jeff Sine; influential women in PayPal's early days; HSBC hires Credit Suisse traders.
Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week: 10 fintechs transforming how Black, Latinx, immigrant, and LGBT+ communities bank, invest, and borrow. Former hedge fund star Jason Karp's "Jerry Maguire" moment. If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals. krisanapong detraphiphat/ Getty Images Charles Anderson, who leads Heidrick & Struggles' corporate- and investment-banking recruiting business...
Fed’s Brainard says U.S. economic slowdown may be more than temporary By Howard Schneider WASHINGTON (Reuters) – The U.S. economy’s recent poor performance may be more than transitory, as the full impact of weak consumer spending, low investment and a strong dollar become apparent, Federal Reserve board member Lael Brainard said on Tuesday. Brainard sounded the strongest warning so far from any Fed rate setter over the risks to the economy. Most, including Fed Chair Janet Yellen, have insisted that a rate hike remains in the cards this year as the economy improves and have termed the po...
Hello, readers. Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week: Bank of America's mortgage bankers are quitting in frustration over call quotas, cross-selling mandates, and a new compensation scheme The bankers, brokers, and big money transforming litigation finance from a lawyer's hustle to a multibillion-dollar asset class Merrill Lynch finally gives advisors in training answers as it bans cold calling and shortens development program Meet 11 of Wall Street's top crypto experts who are helping investors understand and trade the...
Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of our must-know stories from the past week: JPMorgan and Morgan Stanley leadership shake-ups put CEO candidates in the spotlight SVB Leerink poached a team of senior UBS tech bankers, including Jason Auerbach, the group head Kirkland & Ellis has offered up to $250,000 signing bonuses amid nonstop M&A and capital-markets work Lone Pine's Mala Gaonkar is one of the hedge-fund industry's most interesting characters Cathy Bessant, Bank of America's top tech exec, added a new direct report Restaurants and bars rejo...