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Premium Law 2021-04-12T14:13:37Z
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A crypto exec listed Goldman, Lending Club and RBC on his resume. A bankruptcy examiner claims he's a prison escapee.

James Alexander listed banks and a who's-who of fintech companies on his resume. But an investigator says he also broke out of prison 12 years ago.
Premium Finance 2021-04-12T14:44:46Z
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From fintech competition to M&A plans, here are 4 things JPMorgan analysts are keeping an eye on

JPMorgan Chase will report Q1 earnings on April 14. Here's what analysts think about wealth management, fintech competition, credit cards, and more.
Finance 2021-04-12T17:33:44Z
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Goldman Sachs has been going through a huge transformation under CEO David Solomon

Goldman Sachs is set to report Q1 earnings April 14. The firm has seen exits in its consumer division and mounting workloads on banking analysts.
Tech 2021-04-13T14:02:33Z

The New York Stock Exchange is minting crypto art commemorating the first trades of 6 companies that recently went public

The NYSE said it minted the NFTs to commemorate several companies' very first trades, but the exchange has not put the tokens up for sale.
Finance 2021-04-13T14:02:00Z

HYBRID ROBO-ADVISORS: Here's how incumbent wealth managers are successfully implementing the hybrid robo-advisor model

This report defines a maturity model for hybrid robo-advisors to showcase important capabilities that incumbents should take note of to find success.
Finance 2021-04-13T13:38:20Z

Four digital money management features banks should offer to help clients foster financial wellness

We outline the four most in-demand digital money management features among Canadian respondents that banks can offer.
Markets 2021-04-13T13:31:19Z

Billionaire Mike Novogratz's Galaxy Digital is the 9th firm to apply for a bitcoin ETF

Billionaire Mike Novogratz recently said he expects bitcoin to overtake gold's market value as more institutional players enter the space.
Finance 2021-04-13T13:21:50Z

SoftBank invests $500 million in to digitize mortgage lending raised $500 million, and consumer demand for digital mortgage application processes should entice more fintechs to add a mortgage product.
Finance 2021-04-13T12:42:55Z

PayPal launches fraud management tools to solve a multibillion-dollar problem

PayPal's suite of solutions include biometrics and machine learning technology to help merchants minimize the rising risk of digital fraud.
Finance 2021-04-13T11:39:28Z

Inside JPMorgan's plans to boost wealth management and battle fintech competition

JPMorgan Chase & Co reports Q1 earnings on Wednesday. Here's the latest news on the biggest US bank.
Markets 2021-04-13T11:37:07Z

Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today

The Grace and Mercy Foundation cashed in Hwang's gifts for $325 million, or roughly a third of their value today.
Premium Advertising 2021-04-13T10:10:15Z

A look inside Klarna's influencer council, which the $31 billion 'buy now, pay later' giant hopes will set a standard for responsible influencer marketing

Klarna's new influencer council brings together industry experts like PrettyLittleThing's marketing director Nicki Capstick and influencer Amelia Liana.
Finance 2021-04-13T09:50:00Z

JPMorgan's big 2021 plans — 5 crypto-linked stocks to watch — Goldman Sachs' transformation

The top finance stories for April 13, including the latest news on what to expect during JPMorgan's Q1 earnings.
Real Estate 2021-04-13T04:09:30Z

Billionaire hedge-fund manager Steve Cohen just sold his New York City penthouse after 8 years and a 74% discount

The sale price was not disclosed, but the duplex penthouse was last asking $29.5 million — a 74% discount from its $115 million price tag in 2013.
Finance 2021-04-12T21:03:00Z

Innovation Strategies at Small and Midsize FIs: How US Banks with Assets Below $100 Billion Are Punching Outside Their Weight Class on Digital User Experience

Insider Intelligence discusses the unique challenges and advantages small and midsize financial institutions face in relation to digital innovation.
Finance 2021-04-12T18:03:00Z

What's driving IT spend growth in Canada, how it will be impacted by COVID-19, and what the new normal could look like

Insider Intelligence highlights factors and trends expected to remain significant drivers or inhibitors of Canadian banks' IT/tech spend through 2024.

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Markets 2021-04-12T17:02:46Z

'Big Short' investor Danny Moses says meme stocks remind him of the dot-com bubble, slams the Fed, and calls out Archegos and Greensill in a new interview. Here are the 16 best quotes.

"There's really no difference between Yahoo chatrooms and Wall Street Bets and Reddit," Steve Eisman's former head trader at FrontPoint Partners said.
Finance 2021-04-12T16:32:22Z

What is the 80/20 rule? Understanding the economic meaning of the Pareto Principle

The 80/20 rule, also known as the Pareto Principle, is a theory that finds that, for any given situation, 80% of the effects come from 20% of the causes. It can be applied to many facets of life, but most typically used in business economics.
Finance 2021-04-12T15:00:00Z

Key Digital Wealth Managers: How robo-advisors present an opportunity for fintechs and incumbents alike

Download this FREE report to read Insider Intelligence's analysis of key digital wealth managers demonstrating best practices for the industry.
Markets 2021-04-12T13:17:47Z

Investor Dan Loeb's $17 billion hedge fund Third Point holds an undisclosed amount of cryptocurrencies with Coinbase

Third Point revealed in a regulatory filing in late March that five of its funds hold crypto assets under custody with Coinbase.
Finance 2021-04-12T13:00:00Z

The Future of Fintech: AI & Blockchain

In this slide deck, Insider Intelligence explores the opportunities and hurdles of adopting the two technologies within financial services.
Finance 2021-04-12T13:00:00Z

Nubank plants its flag in Mexico with $135 million capital injection

Nubank's $135 million investment could help secure market share dominance in the country, where a slew of neobanks are competing for consumers.
Finance 2021-04-12T12:45:00Z

Addepar hits assets milestone as financial advisors flock to its digital solutions

Addepar reached $2.5 trillion in assets, and its growth should continue as wealth transfers to younger and more tech-savvy HNWIs.
Finance 2021-04-12T12:32:00Z

Chase launches new United travel card with bonus perks

Chase unveiled the United Quest Card with a limited-time bonus mile promotion, signaling its growth ambitions as consumers warm up to traveling again.
Finance 2021-04-12T12:00:00Z

USAA offers the most sought-after mobile banking tools among the largest US financial institutions in 2020

This report identifies the innovative mobile banking features that attract and engage users, and highlights how top FIs are deploying the features.
Markets 2021-04-12T11:56:00Z

GameStop short-seller Melvin Capital suffered a 49% loss in the 1st-quarter after being hit by the Reddit-fanned trading frenzy

The hedge fund lost 53% in January, gained 22% in February, and then slid another 7% in March.
Finance 2021-04-12T09:50:00Z

Melvin Capital takes a hit — Big hiring plans at Marcus — Goldman's busy 3 months

The top finance stories for April 12, including the latest news on the difficult March Gabe Plotkin's Melvin Capital had.
Finance 2021-04-11T15:02:56Z

China's digital currency will be distributed using a two-tiered system to help get it into consumers' hands

The People's Republic of China has become the first major economy to create a digital currency. Real-world trials are already underway.
Finance 2021-04-11T15:00:00Z

AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices

Insider Intelligence assesses the business impact of forward-looking insurers implementing AI in their front, middle, and back offices.
Finance 2021-04-11T14:01:53Z

Goldman Sachs' Marcus unit is struggling with burnout, blown deadlines, and a tech-talent exodus

Nearly every significant leader in the business has walked out the door.
Finance 2021-04-11T13:02:00Z

CASE STUDY: How Goldman Sachs changed the retail banking game — by entering it

Business Insider spoke with Omer Ismail, US head of consumer digital finance for Goldman Sachs, about how the firm is disrupting retail banking.
Finance 2021-04-11T11:00:00Z

THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry

In this report, Business Insider Intelligence examines the payments ecosystem today, its growth drivers, and where the industry is headed.
Finance 2021-04-10T21:00:00Z

AI IN BANKING: How forward-looking banks are using maturing AI solutions to design both customer- and employee-facing innovations

This report identifies AI use cases transforming the way FIs operate, the business impact of those use cases, and real-world examples of each.
Premium Finance 2021-04-10T14:32:55Z

Goldman Sachs bankers had a busy start to the year. But analysts are already wondering how long rapid-fire dealmaking can last.

Ahead of Goldman's Q1 2021 results on April 14, we asked research analysts for predictions and what they'll be asking management on the earnings call.
Finance 2021-04-10T12:05:00Z

Inside Goldman's Marcus: key tech exits, new 'audio only' Fridays, and big plans for engineer hires

Top Wall Street news: Goldman Sachs' Marcus, Jamie Dimon annual letter, raises at Bank of America, hedge-fund March performance roundup.
Premium Finance 2021-04-10T12:00:00Z

Must-know promotions, exits, and hires at firms like BlackRock, Citadel, Balyasny, and Goldman Sachs

Insider is tracking the industry intel you need to know. Here's a rundown of people moves from the past week at some of Wall Street's top firms.
Premium Finance 2021-04-10T12:00:00Z

Klarna is one of the biggest names in buy now, pay later. But cofounder Niklas Adalberth questions the consumerism at the heart of the $31 billion fintech.

"Buy now, pay later" spending has surged during the pandemic, propelling fintechs like Klarna. One of its founders doesn't think this is a good thing.
Premium Media 2021-04-10T10:41:21Z

Playboy is seizing on NFTs as its next big revenue opportunity

Playboy's Rachel Webber breaks down the company's NFT strategy as it launches a partnership with Nifty Gateway to showcase its 67-year art history.
Premium Finance 2021-04-10T10:30:00Z

Goldman Sachs is hiring up to 300 engineers in its consumer business after product sprints triggered burnout and a tech exodus

Goldman Sachs plans to hire 200 to 300 engineers for its consumer unit to fight burnout after a year of aggressive deadlines and product launches.
Finance 2021-04-10T08:30:00Z

Richard Branson is leading a campaign to end the death penalty, along with other key business figures. The Virgin Group founder said there is an urgent need to abolish the practice.

A coalition of global business figures, led by the Virgin Group founder, is calling for capital punishment to be permanently abolished around the world
Finance 2021-04-09T21:00:00Z

The Death of Cash

The Death of Cash report projects what the payments ecosystem will look like through 2024 by examining digital payment proliferation's driving forces.
Premium Finance 2021-04-09T20:16:14Z

Billionaire Lee Ainslie's Maverick Capital soared in March despite the struggles of his Tiger Cub peers

Maverick produced eye-popping numbers in the first quarter, when the firm announced that its chief stock picker, Andrew Warford, is leaving.
Premium Finance 2021-04-09T19:59:08Z

Gabe Plotkin's Melvin Capital, which came under siege from Wall Street Bets, took another hit in March

Melvin Capital lost big in January when a coordinated blitz of retail traders piled into one of its short positions, video-game retailer GameStop.
Premium Finance 2021-04-09T16:19:29Z

William Blair tells investment-banking analysts, associates, and VPs they'll receive special bonuses up to $20,000 as Wall Street's arms race to hang on to junior talent continues

The boutique Chicago investment bank said tiered bonuses for junior bankers would hit accounts as soon as the April 15 pay cycle.
Premium Finance 2021-04-09T16:03:46Z

Balyasny poaches a top derivatives trader from Goldman Sachs as demand for volatility traders heats up

Travis Potter is leaving Goldman's equity derivatives team for Balyasny Asset Management, which added dozens of money managers in the past year.
Finance 2021-04-09T14:11:02Z

Canada's biggest bank is giving staff a subscription to meditation app Headspace and an extra day off

Royal Bank of Canada CEO Dave McKay said staff were more "exhausted" now that at any point during the pandemic.
Premium Law 2021-04-09T13:13:53Z

Confessions of Big Law's burned-out associates: 5 current and former lawyers from firms like Cleary, Davis Polk, and Goodwin detail their nonstop daily work schedules

Big Law associates typically have long hours, but the pandemic has more of them feeling burned out. Five of them shared their stories with Insider.
Finance 2021-04-09T13:12:00Z

Starling plants the seeds of post-pandemic growth with Funding Options partnership

Starling's collaboration with Funding Options will boost its exposure to potential borrowers, which will be key once government loan schemes end.
Premium Finance 2021-04-09T13:02:19Z

SoFi, headed up by a former Goldman tech banker, wants to get into actually underwriting IPOs. Here's how that could work out.

SoFi and Robinhood want to upend IPOs by competing for a slice of companies going public and, in some cases, underwriting the shares themselves.
Finance 2021-04-09T13:00:00Z

Identify which digital banking features and categories are most valuable to customers

Download a free preview of Insider Intelligence's UK Neobank Competitive Edge Report to see which digital banking features are important to consumers.
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