- Business Insider 14:40September 30, 2022One of BlackRock's most senior executives said transitioning to a low-carbon economy is key to growing its alts business. This belief comes as the money manager faces heavy scrutiny over its ESG stance.The asset manager manages some $35 billion in private-equity client assets under its alternatives business. Now, BlackRock is seeking new ways to finance a transition to a low-carbon economy.
< Finance, Finance, BlackRock, ESG Investing, energy transition, Newsletters, 10 Things on Wall Street >
- Business Insider 12:00September 30, 2022Oaktree Capital's Danielle Poli is navigating the credit markets during one of its trickiest periods. But the portfolio manager reckons today's volatility can produce 'double-digit' returns in fixed income.Poli dabbles in multiple asset classes from high-yield bonds to structured credit. This diversity is the ideal way to tackle today's choppy markets, and some products could produce more than 10% in returns.
< Finance, banker of the week, Finance, Capital Markets, Oaktree Capital, Newsletters, 10 Things on Wall Street >
- Business Insider 14:40September 29, 2022Meet the brightest investors and dealmakers under 35 from firms like Blackstone and Bridgewater navigating today's choppy markets.Here is Insider's annual list of the top traders, analysts, investors, and bankers who are making waves on Wall Street. This year we profiled people from Pimco, Barclays, and Morgan Stanley, among many other firms.
< Finance, Finance, Newsletters, 10 Things on Wall Street, Rising Stars, Investing, Trading, Private Equity, Hedge Funds, Bridgewater, BlackRock, Apollo Global >
- Business Insider 15:53September 28, 2022Wall Street banks including Bank of America and Goldman Sachs fined $1.8 billion over failures in monitoring how staff used personal phones to talk about workA Goldman Sachs senior investment banker sent and received "tens of thousands" of off-channel text messages, the SEC said.
< Finance, News, Wall Street, Goldman Sachs, Morgan Stanley, Citigroup, Barclays, Bank of America, UBS, UBS Securities, Deutsche Bank, Credit Suisse, SEC, Securities and Exchange Commission, Commodity Futures Trading Commission, CFTC >
- Business Insider 14:45September 26, 2022Goldman Sachs' bankers get their marching orders as Wall Street starts to purge under-performersGoldman has laid off roughly a dozen bankers from its tech, media, and telecommunications division in New York and San Francisco. The news fuels growing anxiety about cuts on Wall Street.
< Finance, Finance, Capital Markets, Goldman Sachs, investment banking, Layoffs, Newsletters, 10 Things on Wall Street >
- Business Insider 14:50September 23, 2022Gone are the days of chunky bonuses and salary increases. Wall Street's top brass are ready to trim their workforces as annual staff cuts return.When dealmaking was on a tear everyone from junior analysts to big rainmakers commanded fat bonuses and salary increases. The script has flipped as the economy slows, and bank chief executives are ready to wield the ax on lower-performing staff.
< Finance, Finance, Capital Markets, investment banking, Hirings, Layofffs, Wall Street, Newsletters, 10 Things on Wall Street >
- Business Insider 14:40September 22, 2022Staffers say Goldman Sachs CEO David Solomon has asked them to help with his DJ accountInsiders say they worry that Solomon is too focused on his vanity projects right now — especially as parts of the business like Marcus are struggling.
< Finance, Newsletter, 10 Things on Wall Street, David Solomon, Goldman Sachs, DJ, Lollapalooza, Banking, BlackRock >
- Business Insider 15:10September 21, 2022Josh Harris co-founded Apollo, but his ownership of the 76ers and Devils was a distraction and a 'source of tension' for former employees.Josh Harris conducted personal investments, including his work with the Philadelphia 76ers and New Jersey Devils sports teams, while running Apollo, which former employees say was distracting.
< Finance, Finance, Newsletters, 10 Things on Wall Street, Private Equity, Family offices, Josh Harris, Apollo Global >
- Business Insider 23:06September 20, 2022Dow slides 300 points as investors brace for rate-hike decision from the Federal ReserveThe 2-year Treasury yield, which is sensitive to Fed moves, surged as high as 3.983% intraday to hit the highest rate since 2007.
< Markets, MI Exclusive, Russia, Ukraine, Stocks, Markets, Wall Street, News, Inflation, Recessions >
- Business Insider 14:30September 20, 2022Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.Insider has identified the key folks behind the retailer's secretive endeavor to upend consumer banking. ONE has around 300 employees, including people from Goldman Sachs, Lyft, and Apple.
< Finance, Finances, 10 Things on Wall Street, Newsletters, Walmart, Fintech, consumer banking, Credit Cards, Retails >
- Business Insider 20:40September 19, 2022Goldman Sachs is going through a massive transformation under CEO David SolomonInsider has complied a list of everything you need to know about the Wall Street bank's return-to-office policies, power players, Marcus, and more.
< Finance, Goldman Sachs, Banking, marquee, Finance, Subscriber Collection, 1MDB, Tech, Careers, Fintech, Marcus by Goldman Sachs, Investing, Wall Street, Samantha Lee >
- Business Insider 16:14September 19, 2022Inside a college student's 'abusive' summer from hell on Wall StreetA college senior who always dreamed of going into banking explains why he changed his mind after a grueling summer interning for a Chicago bank.
< Finance, Wall Street, investment banking, Intern >
- Business Insider 14:30September 15, 2022Private credit is so hot right now, the execs at SALT were raving about it. BlackRock and Owl Rock are taking advantage of banks' pain to win more of this booming part of Wall Street.Asset managers sitting on trillions of dollars in capital are seeing opportunities with businesses that no longer can access the IPO market. Sectors like healthcare and tech are also ripe for new deals.
< Finance, Finance, 10 Things on Wall Street, Newsletters, Capital Markets, Private Credit, investment banking, Wall Street, Salt, Asset Management, private equity funds >
- Business Insider 14:45September 14, 2022BlackRock has amassed a formidable crypto crew as it makes serious inroads into digital assets. Meet 10 leaders shaping the money manager's crypto efforts.After years of consideration, BlackRock is dipping its toes in the crypto waters. The money manager is staring at a chilling crypto winter and possible regulations as it enters the digital-assets sector.
< Finance, Finance, BlackRock, Larry Fink, Newsletters, 10 Things on Wall Street, mining crypto, Cryptocurrencies, Asset Managers, Investing >
- Business Insider 13:21September 14, 2022US stocks just suffered their biggest 1-day decline since June 2020. Here's why an inflation surprise tanked the market.Investors dumped stocks on Tuesday as they feared stubborn inflation would mean higher interest rates, lower asset prices, and a painful recession.
< Markets, MI Exclusive, Markets, Stocks, Wall Street, S&P 500, NASDAQ, Dow Jones Industrial Average, Inflation, Recession, Federal Reserve, Interest Rates, Monetary Policy, Rate Hikes, CPI, Stagflation, Unemployment, asset prices, Stock Market Outlook >
- Business Insider 04:56September 14, 2022The rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy, whose sentencing has now been delayedElizabeth Holmes' sentencing hearing is slated for October 17, and in the last few months she has requested a new trial several times to no avail.
< Tech Insider, Science, Finance, Careers, Strategy, Healthcare, Elizabeth Holmes, Elizabeth Holmes trial, Theranos, Theranos trial, Ramesh Balwani, Sunny Balwani, Draper Fisher Jurvetson, Stanford University, Blood Tests, Walgreens, Safeway, Steve Jobs, Larry Ellison, Silicon Valley, Unicorn startups, FDA, SEC, John Carreyrou, Wall Street Journal, Bad Blood, BI Graphics, Billy Evans, Tech, Startups, Features, Business Visual Features >
- New York Magazine 00:25September 14, 2022How Rising Rents Crashed the Stock MarketTuesday’s decline in stocks was the largest in more than two years. A steep rise in housing inflation was a big reason.
< the money game, jerome powell, inflation, stonks, the stock market, wall street >
- Business Insider 14:14September 13, 2022Goldman Sachs investment bankers brace for heavy cuts as the firm gets set to wield the axe through its competitive assessment initiative.The Wall Street firm's investment-banking unit could see big job cuts as dealmaking has slumped. Goldman could shed "several hundred roles" this month.
< Finance, Finance, return to office, Layoffs, Goldman Sachs, Newsletters, investment banking, Wall Street, 10 Things on Wall Street >
- Business Insider 22:09September 12, 2022The Russian military's stunning collapse in eastern Ukraine is injecting optimism into markets, analysts say"Suddenly investors are opening their eyes to the possibility of a sooner end to the war," wrote City Index analyst Fionna Cincotta.
< Markets, Russia, Ukraine, Sanctions, Markets, Wall Street, Stocks, News, Inflation, rally >
- Business Insider 14:40September 12, 2022Sam Bankman-Fried's FTX Ventures and Anthony Scaramucci's SkyBridge deal marries the companies' love for crypto with the safety of more stable investments.The hedge fund, run by president Donald Trump's former comms director, will use money from SBF to buy $40 million in crypto and hold it on its balance sheet.
< Finance, Sam Bankman-Fried, ftx Ventures, Anthony Scaramucci, Skybridge Capital, Cryptocurrencies, Mergers And Acquisitions, Newsletters, Finance, 10 Things on Wall Street >
- Business Insider 15:30September 11, 2022Some retail traders are turning to gambling addiction centers after a wild 2-year ride for stocks - but clinicians' limited understanding of the condition and markets means help can be hard to come byRehab centers say they've seen a surge in people seeking help for trading addiction since the retail-investing boom of the last two years.
< Markets, MI Exclusive, Stock Market, Retail Investors, reddit stocks, Wall Street Bets, stock fall, day trading, Gambling Addiction, Bear Market, Online brokerages >
- The Hill 01:47September 10, 2022On The Money — BlackRock fires back at GOP over green investingThe world's largest asset manager is defending its push into environmental, social and governance (ESG) investing from a Republican investigation. We’ll also look at the fading popularity of big businesses and Democratic pushback to a deal with Sen. Joe Manchin (D-W.Va.). But first, five issues that will decide the midterm elections. Welcome to On The Money,...
< Overnight Finance, Finance, Policy, esg, inflation, Investing, Manchin-Schumer deal, permitting, Wall Street >
- Business Insider 14:48September 9, 2022Citi just got a reprieve for its $900 million 'fat-finger' Revlon error after a US appeals court ruled that a group of lenders must give Citi back the money.The bank persuaded a federal appeals court to force Revlon creditors to give it back the $504 million worth of money it accidentally wired lenders for a loan.
< Finance, Finance, Capital Markets, Citi, Revlon, Newsletters, 10 Things on Wall Street >
- Business Insider 12:00September 9, 2022Macquarie's Barrie Bloom worked on a pivotal deal for a Hawaii hotel. The Australian bank had never bought equity in a hotel before, but Bloom is turning this sector into a key cog for Macquarie's real estate strategy.Barrie Bloom, a managing director at Macquarie Capital, joined the Australian investment bank in 2020 to cover real estate investments and lending opportunities.
< Finance, Finance, Capital Markets, banker of the week, Newsletters, 10 Things on Wall Street >
- Business Insider 14:38September 8, 2022JPMorgan and Deutsche Bank are rationing hot water and turning down the lights ahead of a chilling winter as banks prep for Europe's energy crisisJPMorgan has carried out power outage simulations to prepare for the loss of power, while Deutsche Bank will shut off hot water and water fountains to mitigate the impact of Russia's decision to stop the flow of gas from Nord Stream 1 pipeline.
< Finance, Finance, JPMorgan, Deutsche Bank, Nord Stream 1, Energy, Russia, Newsletters, 10 Things on Wall Street >
- Business Insider 14:40September 6, 2022Wall Street banks' latest messages on return-to-office policies might seem flexible, but the underlying message is clear: Come back to your desks.Goldman Sachs and Morgan Stanley are lifting COVID-19 protocols in their offices, Jefferies wants staff back at their desks on a "consistent" basis, and Citi bankers are still expected to come in at least three days a week.
< Finance, Finance, Newsletters, Goldman Sachs, 10 Things on Wall Street, Bed Bath & Beyond, return to office >
- Business Insider 14:50September 2, 2022From buying sports teams to picking a hedge fund, here's how the uber rich take outsourcing wealth to a new levelThese money managers fly under the radar, but their investment decisions range from buying sports teams to picking hedge funds.
< Finance, Finance, Wealth management, Newsletters, 10 Things on Wall Street, Private Banking, Family offices, Steve Cohen >
- Business Insider 12:00September 2, 2022Carlyle's Joshua Pang just wrapped up a $1 billion partnership in the digital-infrastructure space. Pang is enjoying a flurry of activity in the space amid a record year for private M&A activity in telecoms and data centers.The investment firm's head of digital infrastructure joined Carlyle in May last year. He has already wrapped up a slew of deals across telecommunications, and data-center assets.
< Finance, banker of the week, Carlyle Group, Private Equity, Infrastructure, Telecommunications, Newsletters, 10 Things on Wall Street >
- The Hill 17:23September 1, 2022Most in new poll say FBI search of Trump home was appropriateMore than half of respondents in a new poll said they think the Federal Bureau of Investigation’s search of former President Trump’s Mar-a-Lago home was appropriate. In the Wall Street Journal poll released on Thursday, 52 percent agreed with the statement that the search was “part of a legal and proper investigation” to determine if Trump wrongfully...
< Blog Briefing Room, News, Donald Trump, FBI search of Mar-a-Lago, Mar-a-Lago, Mar-a-lago fbi raid, midterms 2022, Poll, Wall Street Journal >
- The Hill 16:53September 1, 2022Democrats see momentum shift ahead of midterms: pollTides may be shifting for Democrats ahead of this year’s midterm elections, as the party has seen an uptick over Republicans on a generic congressional ballot. A Wall Street Journal poll, released Thursday, found Democrats with a 3-point edge over Republicans when voters were asked which party they’d back in their congressional district if the...
< Campaign, News, 2022, 2022 midterms, democrats, Joe Biden, Wall Street Journal >
- Business Insider 00:09September 1, 2022Junior bankers are jumping ship from Goldman Sachs over complaints of late nights, paltry bonuses, and feeling 'unappreciated'A source told Insider that some banker bonuses ranged between $25,000 to $75,000 — well below Wall Street norms.
< Finance, Wall Street, Goldman Sachs, junior bankers, Investment Banks, Healthcare >
- Business Insider 23:34August 31, 2022Wall Street just kicked off an annual Hunger Games-style recruiting ritual for junior talent that has young bankers interviewing till 2 a.m. for jobs that don’t start until 2024The process of snagging a cushy job with private equity is always insane — but this year may be more "ludicrous" than ever.
< Finance, Wall Street, Finances, Private Equity, investment banking, junior bankers, Careers, Recruiting, Jobs >
- Business Insider 21:25August 31, 2022Goldman Sachs is lifting COVID-19 vaccination requirements in most offices next monthGoldman Sachs employees can expect less Covid-19 restrictions in the office unless they work in New York City.
< Finance, Goldman Sachs, David Solomon, Wall Street, Banks, Remote Work, covid19 >
- Business Insider 14:30August 31, 2022Goldman Sachs' Marcus has halted aggressive hiring plans as it mulls a sharp pivot in its consumer-banking ambitionsDavid Solomon's pet project has seen the Wall Street bank deploy billions of dollars into the buildout of the Marcus consumer-banking machine. Now, the chief executive faces a difficult decision over whether to retreat from the effort.
< Finance, Finance, 10 Things on Wall Street, Newsletters, Marcus by Goldman Sachs, Goldman Sachs, consumer banking, Retail Banking, High-Yield Savings, David Solomon, Hiring, Private Equity >
- Business Insider 14:30August 30, 2022Startups that rode the SPAC wave are turning to a new tactic for funding lifelines. Here's what you want to know.Unprofitable glass manufacturer View Inc. and electric-truck company Nikola are among the latest to tap into esoteric areas of the capital markets for cash lifelines.
< Finance, Capital Markets, Debt capital markets, View Inc, Startups, Tech, SPACs, investment banking, 10 Things on Wall Street, Finance, Newsletters >
- Business Insider 14:29August 29, 2022Goldman Sachs' healthcare team is bleeding bankers as the junior ranks bemoan longer-than-usual hours and weaker bonus checksSix of Goldman Sachs' first-year healthcare investment-banking analysts, and five associates, have left the Wall Street bank recently on the back of heavy hours for less remuneration.
< Finance, Capital Markets, Newsletters, 10 Things on Wall Street, Finance, People, Goldman Sachs, Healthcare, investment banking, Hiring, Layoffs, Bonuses >
- The New Yorker 13:00August 29, 2022Fear and Clothing at Goldman SachsJamie Fiore Higgins hits the bargain bin at TJ Maxx and discusses her new memoir, “Bully Market,” which recounts “fuckability rankings,” violent encounters, and wardrobe-shaming during her seventeen years at the investment bank.
< Magazine / On Wall Street, News / New Yorker Favorites >
- Business Insider 12:00August 28, 2022Wall Street predicted Russia's economy would collapse after it invaded Ukraine. These 3 charts show that hasn't happened.Russia's economic growth has held up better than expected, while its manufacturing and services sectors have rebounded from post-invasion lows.
< Markets, MI Exclusive, Markets, Investing Analysis, Investing Outlook, Investing Strategy, Wall Street, Russia, Ukraine, GDP growth, Economy, PMI, Oil, Oil price, oil price outlook, Ruble >
- Business Insider 20:00August 27, 2022The SEC boss says staff is performing well under 'voluntary remote work'SEC Chair Gary Gensler believes voluntary remote work is going fine for the agency even if Wall Street executives may disagree.
< Careers, Wall Street, SEC, Gary Gensler, Jamie Dimon, weekend BI US, Remote Work >
- The Hill 22:48August 26, 2022Energy secretary calls on US refiners to limit exports ahead of hurricane seasonEnergy Secretary Jennifer Granholm called on major U.S. oil refiners to build up capacity and reduce exports of refined products ahead of the winter in a letter shared with The Hill. In the letter, written last week, Granholm noted the reduced availability of diesel inventories along the East Coast, which are nearly 50 percent below...
< Policy, Energy & Environment, Department of Energy, hurricane season, Jennifer Granholm, liquified natural gas, New England, The Wall Street Journal, U.S. refined oil, ukraine, Winter 2022 >
- Business Insider 14:35August 26, 2022Doctored bank statements and a decade-long graft. This banker has been accused of stealing $50 million in a lawsuit that claims the money went toward hotels in New York, Miami, and land in the Catskills.The Gupta family from India who control shipping company Astra Global have accused Ganesh Narayan in a lawsuit of doctoring bank statements and concealing a long-running grift that robbed the family of millions of dollars.
< Finance, Finance, 10 Things on Wall Street, Newsletters, Credit Agricole, Private Banking, Wealth management, Starbucks, banker of the week >
- The Hill 13:00August 26, 2022GOP targets powerhouse Wall Street firms over investments meant to fight climate changeRepublicans are fighting against a social movement in the financial sector meant to address systemic issues like climate change. Governmental initiatives in Florida, West Virginia and Texas are targeting powerhouse Wall Street firms that they say are engaging in environmental, social and governance (ESG) investing, which they view to be harmful to their states'...
< Policy, Finance, News, Blackrock, Bryan Hughes, Climate change, environmental, environmental social and governance, EPA, esg, fossil fuels, Ron DeSantis, social and governance, State Street, Texas, Vanguard, Wall Street, west virginia >
- Business Insider 12:00August 26, 2022Ex-Goldman Sachs banker Peggy Flannery ditched Wall Street for sustainable investing. Since making the shift, she's corralled billion-dollar investments into renewable-energy projects at Generate Capital.This week's Banker of the Week is Peggy Flannery, who was just promoted to managing director at sustainable investment firm Generate Capital.
< Finance, Infrastructure, Sustainability, Renewable Energy, solar power, banker of the week, Newsletters, 10 Things on Wall Street, Starbucks, Institutional Investors >
- Business Insider 14:40August 25, 2022Rich men like Jeff Bezos to Sergey Brin leave their wealth in the hands of women, whose investment strategies fit the bill of long-term thinking family offices.Many of the world's wealthiest people — nearly 90% are men — trust women to manage their money. Insider talked to female family-office workers about why women thrive as CIOs.
< Finance, Family offices, Wealth manager, Wealth management, Billionaires, People, Women, Finance, 10 Things on Wall Street, Newsletters >
- Business Insider 13:40August 25, 2022TikTok is like crack cocaine, according to a Wall Street research firm. A top market analyst explains how the Chinese app has displaced giants across Big Tech.TikTok is addictive, easy to access, and provides quick hits — which prompted Bernstein to compare it to crack cocaine. A top analyst breaks it down.
< Markets, Markets, Newsletter, 10 things, 10 things opening bell, TikTok, Tech, Facebook, Meta, Big Tech, Investing, Goldman Sach, Wall Street, Bernstein >
- Business Insider 14:45August 24, 2022Hedge-fund pioneer Julian Robertson has died, aged 90. The founder of Tiger Management not only amassed billlions of dollars in assets, his lasting legacy includes a slew of 'Tiger Cub' protégés.One of the fathers of the hedge-fund world who helped spawn dozens of "Tiger Cubs" has died. He founded Tiger Management in 1980, which peaked with $21 billion in assets under management, and mentored some of the industry's best-known figures, like Chase Coleman and Philippe Lafont.
< Finance, Hedge Funds, Julian Robertson, Tiger Global Management, Tiger Cubs, Investing, Wall Street, Newsletters, 10 Things on Wall Street, Finance, Capital Markets >
- Breitbart News 23:27August 23, 2022WSJ Op-ed: 'No Legal Basis' for Mar-a-Lago Search WarrantThe FBI raid on former President Donald Trump's private residence at Mar-a-Lago, Florida, had "no legal basis," according to a Wall Street Journal op-ed by former White House and Department of Justice lawyers David B. Rivkin Jr. and Lee A. Casey.
< Politics, Constitution, Fourth Amendment, Trump raid, Wall Street Journal >
- Business Insider 16:41August 23, 2022US stocks trade mixed a day after suffering their worst losses in 2 monthsInvestors are keeping a close eye on Fed Chair Jerome Powell's speech at the central bank's yearly conference in Wyoming on Friday.
< Markets, MI Exclusive, Stocks, Markets, Wall Street, Oil, Gas, Prices, Biden >
- Business Insider 19:26August 21, 2022Wall Street is warning investors not to try to time the bottom in stocks — with the bear market potentially dragging on into 2023Strategists at big banks like Goldman Sachs and Morgan Stanley have warned investors not to buy stocks just yet, despite the recent sustained rally.
< Markets, MI Exclusive, Markets, Stocks to Buy, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis, Investing Outlook, Investing Strategy, Wall Street, Federal Reserve, Bear Market, Fed pivot, Weekend BI UK >
- Business Insider 15:45August 20, 2022The social aspects and sense of community are the crypto market's biggest allure and its biggest danger, experts sayThe social aspect is an alluring part of crypto - and that's been a dangerous pitfall for some investors, as FOMO encourages big risk taking.
< Markets, MI Exclusive, Crypto crash, Social Media, celsius bankruptcy, Wall Street Bets, Online communities, Alex Mashinsky, Vitalik Buterin, Changpeng Zhao, Social Media Influencers, amateur investors >