Facebook scored a $100 million break on its blockbuster NYC office deal, and it could mark the start of a wave of discounts as vacancies soar
Facebook began negotiating its 730,000-square-foot lease at the Farley Building before the pandemic set in, then was able to leverage a discount.
Giant mall owner Brookfield Properties is ditching its worst locations and redeveloping what's left into 'mini cities' that blend shopping with residential space
Brookfield will continue its strategy of focusing on top-performing retail, and plans to sell off more retail assets in the coming years.
New York's top judge is sticking with an online bar exam even as complaints of tech issues mount and other states let law grads skip the test and still practice law
California and DC have waived the bar exam for certain recent grads, but New York Chief Judge Janet DiFiore is still requiring the test.
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.
18 Big Tech Predictions for the Second Half of 2020
We put together 18 Big Tech Predictions across Banking, Connectivity & Tech, Digital Media, Payments & Commerce, Fintech, and Digital Health.
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.
Big Law is going through a huge transformation: here's the latest news on pay, hiring, and career prospects
The latest news on Big Law hiring, compensation, layoffs, law school recruiting, diploma privilege, people moves, hot practice areas.
These are the key commercial real-estate deals and trends to watch
Latest real estate news and analysis on new developments, construction, sales, rents, leasing and transactions.
THE GLOBAL NEOBANKS REPORT: How 26 upstarts are winning customers and pivoting from hyper-growth to profitability in a $27 billion market
This report explores how the neobank market has grown rapidly, and what's in store as the industry pivots from hyper-growth to sustainability.
Private-equity recruiting backs off — Barclays trading rout — Alts gatekeepers
Private-equity recruiting timelines, Wells Fargo CEO's hiring record, Facebook rent for Farley Building revealed, Refinitiv CEO on work from home plans.
How worsening wildfire seasons are threatening businesses of all sizes in California and Oregon, from tech giant Apple to small food trucks
Worsening wildfire seasons are a constant threat to small West Coast companies. "Businesses are just closing everywhere," one school owner told us.
Financial Services: 6 Key Attributes to Attract Gen Z
This report highlights six core traits of Gen Z, which banks and payments firms can use to attract, engage, and retain this growing demographic.
THE GLOBAL NEOBANKS REPORT: How 26 upstarts are winning customers and pivoting from hyper-growth to profitability in a $27 billion market
This report explores how the neobank market has grown rapidly, and what's in store as the industry pivots from hyper-growth to sustainability.
How growing consumer demand for tech solutions is accelerating innovation in financial services
Business Insider Intelligence has created an infographic showcasing compelling statistics from its recent fintech research.
Private equity is backing off from recruiting young investment bankers in their first few weeks on the job. Here's what triggered the reversal.
The arms race for PE associates is seeing a temporary ceasefire, with recruiting firms pressing pause on courting first-year banking analysts.
Fed call for more stimulus 'has a point' given the US has so far committed only 15% of GDP to fiscal relief, one strategist says
Other advanced economies have provided much higher stimulus packages as a percentage of their GDP: Europe is closer to 30%, while Japan is at 40%.
William Hill, the $4 billion gambling giant, received takeover offers from private-equity firm Apollo and casino group Caesars
William Hill, the $4 billion British gambling group, said no deal with either Apollo Global Management and Caesars Entertainment was certain.
Here's how Columbia, NYU, and 4 other law schools are reworking high-stakes job interviews for students this year
OCI is shaping up to be fully virtual, and January 2021 is now gearing up to be the peak time for virtual interviews.
Palantir is expected to fetch a $22 billion valuation in its market debut next week, report says
The controversial company is choosing to bypass the traditional initial-public-offering route, and opt for a direct listing instead.
Meet the former Goldman Sachs MD who has an ambitious plan to boost the number of women overseeing funds at big money managers
Katherine Jollon Colsher tells Business Insider how she's planning to help women dominate in asset management in her new role.
PE recruiting on pause — Wells CEO's history of hiring — Accenture's outlook
The top finance stories for September 25, including the news on a shift in PE recruiting timelines and analysis of Wells Fargo CEO.
Goldman Sachs says jet fuel demand will accelerate in 2021, driven by availability of a COVID-19 vaccine by the second-quarter
"We do not believe that jet fuel demand has peaked and see jet as an area of long-term demand growth in this decade," analysts said.
FINTECH MEGADEALS: How FIS-Worldpay, Fiserv-First Data, and Global Payments-TSYS will reshape the payments landscape
Business Insider Intelligence explores key drivers fueling consolidation in the payments space and analyzes three massive payments acquisitions.
The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says
The US has seen economic output rise briefly and then fall in eight of the past 11 business-cycle recoveries, Roach told CNBC on Wednesday.
The main causes of the Great Depression, and how the road to recovery transformed the US economy
The Great Depression had many causes — beyond the 1929 stock market crash that trigged it — which exposed weaknesses in the US economy and society.
Here's the 10-slide pitch deck that payments startup dLocal used to raise $200 million from General Atlantic at a $1.2 billion valuation
This is dLocal's first venture round, which it says will help it become the Adyen of emerging markets.
How Wells Fargo CEO Charlie Scharf, who's under fire for his 'limited' Black talent remark, filled the bank's top ranks with white men from his JPMorgan days
Wells Fargo's CEO apologized for remarks revealed in a Reuters report that showed he believes there is a dearth of Black talent to recruit.
Accenture execs say that the firm's consulting and strategy work should bounce back from a pandemic-induced slump within a year
In an earnings call, Accenture said it expected its consulting work to bounce back by the second half of the next fiscal year.
Big Law firms are launching new groups dedicated to data privacy and biometrics. Here's why they're betting changes in regulations are creating a huge opportunity.
As companies are paying more attention to data protection and cybersecurity, two Am Law 100 firms have formed new teams dedicated to new privacy issues.
Fading expectations for more US stimulus is an 'issue' for stocks and the key driver of the current market weakness, Fidelity says
Timmer noted that a number of Federal Reserve officials have made it "fairly clear" that the US economy would falter without further fiscal measures.
Walmart and Goldman Sachs are partnering on a lending product for Walmart Marketplace sellers through Marcus
Goldman Sachs will offer credit lines through Marcus to small- and medium-sized businesses that sell on Walmart's Marketplace platform.
10 things you need to know before the opening bell
This is what traders are talking about.
Wells Fargo backlash — Refinitiv CEO embraces flexible work — Hotel lenders look to dump loans
The top finance stories for September 24, including the news on Refinitiv's plans to return to the office and hotel lenders looking to move loans.
The ECB plans to set up an Amazon-style marketplace to sell billions in bad debt in a challenge to Wall Street, Reuters reports
The proposal has not been signed as yet. European Central Bank officials plan to discuss the scheme on Friday, the news agency said.
UK BANKING CHANNEL FORECAST: How shifting consumer habits and the coronavirus pandemic are shaping future usage of and informing banks' investments in branches, digital and mobile banking, ATMs, and call centers
Insider Intelligence forecasts the growth or decline over the next five years of five key banking channels in the UK.
REGTECH REVISITED: How the regtech landscape is evolving to address FIs' ever growing compliance needs
A new 2018 report from Business Insider Intelligence provides a brief overview of the current global financial regulatory compliance landscape and the regtech industry's position within it.
THE DIGITAL BANKING ECOSYSTEM: These are the key players, biggest shifts, and trends driving short- and long-term growth in one of the world's largest industries
This report explores the incumbent banking landscape as a whole, and the third parties banks are calling on to help their transition to digital.
GoodRx, a hot prescription-discount startup founded by early Facebook employees, surged to a $19.4 billion valuation in its first day of trading. Here are the investors and executives who made the most.
The startup has a dual-class share structure that helps guarantee that large investors and its founders will retain control of the company.
Elizabeth Warren, AOC blast Wells Fargo CEO for blaming 'very limited pool of Black talent' for the bank's trouble hitting its diversity-hiring goals
"Its CEO has an unfathomable blind spot," Warren said, adding Wells Fargo is "part of a financial system that scams Black families disproportionately."
What is a bear market? How to make sense of a prolonged period of decline in the stock market and invest wisely
A bear market occurs when there's been a continuous fall in stocks or another asset, usually at least 20%. It's the opposite of a bull market.
[FREE SLIDE DECK] Accelerator Snapshot: Wells Fargo
Insider Intelligence details the goals, operations, and notable participants of Wells Fargo's fintech accelerator program.
A compliance startup that helps early-stage companies close deals with incumbents just raised a $10 million Series A from Canapi Ventures, Bain Capital, and NYCA
Laika's compliance-as-a-service platform helps startups manage the complex due diligence processes required by enterprise clients.
Wall Street is getting back to work. Here are the latest return-to-office plans for 6 firms, including JPMorgan, Bank of America, and Citi.
Some firms are planning on bringing people back in rotational teams, while others are planning to keep many working from home through 2021.
People are calling for a boycott of Wells Fargo after CEO blames 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals
"I just closed it during my lunch break," wrote startup CEO Jasmine Brown. "I'm so done with companies disrespecting my people."
Digital health startup GoodRx is going public, and we dug through the 185-page filing to find 6 crucial details about the company's plans to provide affordable, direct-to-consumer care
The prescription discounts startup saw massive growth in orders during the pandemic, but it will face headwinds once public.
The CEO of Refinitiv says flexible working has boosted productivity and is here to stay at the $27 billion data giant: 'It's not going back to normal because I think attitudes have been changed.'
Refinitiv CEO David Craig said the firm will keep flexible working options for employees regardless of how things shake out with the coronavirus.
What are the FinCEN files? Here's what to know about the leaked documents tying Wall Street banks to possible money laundering.
A consortium of journalists around the world collaborated to piece together a plethora of potentially scandalous documents. Here's what to know.
THE MILLENNIAL FINANCIAL HEALTH REPORT: How the largest generation is saving and managing their money, and how banks can target products and messaging to reach them
This report identify three millennial sub-generations, the unique financial needs and challenges of each, and the ways providers can tap into them.
18 Big Tech Predictions for the Second Half of 2020
We put together 18 Big Tech Predictions across Banking, Connectivity & Tech, Digital Media, Payments & Commerce, Fintech, and Digital Health.
Microsoft and Lab3 agreed to partner with Australian neobank Volt for its Banking as a Service play
Microsoft and Lab3 have agreed to a partnership with Australian neobank Volt to develop a Banking as a Service platform dubbed Volt 2.0.