Brad Katsuyama, the CEO of upstart stock exchange IEX, didn’t realise how hard disrupting Wall Street would be. Katsuyama, who came to prominence as the star of Michael Lewis‘ 2014 best-selling ” Flash Boys,” said without the book, “I’m not sure if I’m sitting here for a stock exchange right […]
Ray Dalio, the founder and cochief investment officer of Bridgewater Associates – the world’s largest hedge fund – spoke with Henry Blodget at Business Insider’s IGNITION conference on Monday. Dalio outlined why he thinks the next financial crisis will be different from the last, and placed great emphasis on a […]
A Florida wealth-management firm that oversees $US2.5 billion hires brokers who’ve had run-ins with the law or regulators. Some of the brokers reported minor infractions, such as shoplifting as a teenager, while others faced enforcement actions from groups like the Financial Industry Regulatory Authority. The midsize firm’s strategy – which […]
Michelle Arbov, 28, is the vice president of mergers and acquisitions at holding company IAC. She helped lead a series of high-profile acquisitions, including IAC’s purchase of Angie’s List for over $US500 million, and played a key role in scaling its HomeAdvisor business. Arbov was named this year to Forbes’ […]
Kyle Samani, a cofounder and managing partner of the crypto fund Multicoin Capital who was recently named to Forbes’ “30 Under 30” finance list, shared the story of his entrepreneurial journey and gave some advice to aspiring startup founders. “Find your passion, and figure out how to do that 20 […]
Goldman Sachs has bought a one-person startup to help supercharge its bankers’ financial modelling skills. The bank is hoping the cloud-based software can begin to do for investment banking what SecDB, its risk-management system, has done for the securities division by creating a single place where models can be stored […]
It’s been a head-spinning 24 hours in the news cycle, particularly for investors in the scorching-hot cannabis sector. While cannabis bulls cheered Attorney General Jeff Sessions stepping down Wednesday – and Rep. Pete Sessions’ loss – they said the federal government needed to clarify rules around banking in the industry […]
Goldman Sachs promoted 69 bankers to partner on Wednesday. Two of them are from the bank’s star technology, media and telcom banking team. Barry O’Brien and Ward Waltemath, bankers behind some of the biggest tech deals of the year, woke up early on Wednesday to congratulatory calls from Goldman Sachs […]
Goldman Sachs named its new partner class on Wednesday. It’s the first partner group under new CEO David Solomon and the class is more selective and diverse than ever. Goldman selects partners every two years, a throwback to its history as a private partnership and an attempt to preserve a […]
UBS held an innovation competition last week for junior bankers in its investment-banking division. Five groups of finalists gave their pitches to a panel of judges made up of senior bankers. The winning team, known as Dal.ia, proposed using artificial intelligence techniques to automate some of the job’s more mundane […]
Steve Kurz, 33, followed his former boss Mike Novogratz to Galaxy Digital Capital Management, where he’s the head of asset management. He was featured as part of Business Insider’s Rising Stars of Wall Street list. Kurz gives advice about how to take risks and get up-to-speed in crypto. One of […]
Global M&A activity has reached record levels so far this year, but investment banking fees overall are down slightly. JPMorgan held the top spot for total investment banking fees in the first nine months of the year, with Goldman Sachs taking second place. While M&A volumes are exploding in 2018, […]
Bitcoin, the largest cryptocurrency, has shed 50% of its value since the beginning of the year. But Coinbase, a cryptocurrency exchange, in recent weeks hit its target to double its staff in 2018. Coinbase, the cryptocurrency exchange operator, has doubled its staff even as the market for digital assets sheds […]
By figuring out how to manipulate the human ageing process, researchers hope they might be able to delay ageing-associated diseases such as Alzheimer’s, cancer, osteoporosis, heart disease, and diabetes. Researchers from the National Institute on Ageing (NIA) are working to decipher how ageing happens on a cellular level and develop […]
GM is joining the growing chorus of employers looking for ways to shake up the US healthcare system and lower the cost of their employees’ healthcare. In 2019, the company will offer its salaried employees in Southeast Michigan a plan that works directly with Henry Ford Health System. Through that […]
Morgan Stanley has analysed “key man” risk, looking at the damage that might be done if an influential CEO suddenly steps down. Asset managers, software companies, and large-cap banks have the highest risk, according to the study. The possible departure of JPMorgan CEO Jamie Dimon was highlighted as significant key-man […]
Barclays stock-trading team is the fastest growing on the planet so far in 2018. The bank reported second quarter results Thursday, growing its equities business 37% to $US807 million. No other major bank’s stock-trading unit grew faster in the second quarter. It’s the second straight quarter of rapid growth for […]
