Goldman Sachs – Here are the top finance stories of the day for February 24
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
Join Insider reporters Rebecca Ungarino, Juliana Kaplan, and Reed Alexander at 1 p.m. today as they lead a live, interactive discussion on Clubhouse focusing on how brokerages, social media personalities, and investment advisors are navigating FOMO and helping new investors avoid bad retail trading decisions after last month’s GameStop saga. Click here for more details.
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A new stock-trading venue backed by a who’s who of Wall Street is pitching a perfect solution. Now they just need to get everyone on board.
There is no shortage of trading venues in the US equities market, but a new entrant is hoping its approach to helping institutional investors move large trades will stand out. Meet the newest trading venue hoping to launch that already has backing from Bank of America, Goldman Sachs and AllianceBernstein.
Click here to read the entire story.
From cloud to AI, Wall Street firms plan to pour more of their IT budgets into cutting-edge tech. Here’s what’s driving their focus on innovation.
Wall Street is allocating more of their IT budgets towards cutting-edge tech like AI, the cloud, and blockchain. Read more here.
Big alt-data budgets help hedge funds get an edge. Here’s how one data company is taking a page out of Amazon‘s book to level the playing field for new managers.
Web-scraping data provider Thinknum is rolling out a new program targeting up-and-coming hedge funds looking for alt data. See more here.
A prime brokerage exec at Bank of America responsible for helping hedge funds raise money is heading back to Credit Suisse
Garry Collins, Bank of America‘s head of capital introduction, has left the bank for Credit Suisse. Get the full rundown here.
A former crypto exec at TD Ameritrade just joined the Federal Reserve as its first chief innovation officer as central banks consider digital assets
Sunayna Tuteja, the former head of digital assets at TD Ameritrade, has left to join the Federal Reserve as its first chief innovation officer. Find out more here.
Wells Fargo sells asset management arm to private equity firms for $2.1 billion (Reuters)
Private Equity May Face Return of Attention-Getting SEC Fines Under Gensler (Fintech Zoom)
JPMorgan lures juniors with boxing classes as City’s young flee banking just months into the job (Financial News)
Fintechs are desperate to reach Gen-Z. Here’s how they’re using social media and influencers like Charli D’Amelio to tap into the next generation of customers. (BI)
Morgan Stanley Courts Startup Employees With Stock-Plan Deal (Fintech Zoom)
Goldman’s global head of commodities finance is retiring (Reuters)