Zoom Stock – Robinhood Trading Debut — China’s $2 Trillion Market Loopholes — Morgan Stanley Bumps Pay
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Chinese companies are using two giant loopholes to evade Wall Street oversight
By skillfully exploiting two regulatory loopholes — one in Beijing and one in Washington — Chinese companies have evaded oversight both at home and abroad, keeping investors in the dark about the true state of their finances. Read our exclusive report on the loopholes at the heart of a $2 trillion market.
What to know ahead of Robinhood’s big debut
Just before its hotly anticipated initial public offering, Robinhood said it’s under investigation by FINRA, Wall Street’s self-regulator. Plus, the company is still facing a handful of legal and regulatory risks. Here’s what else you should know before shares start trading today.
Morgan Stanley just raised base pay for first- and second-year analysts
In a decision that brings the bank’s analyst starting pay in line with what’s now an industry norm, Morgan Stanley bumped first-year analysts’ pay to $100,000 and second-year analysts’ pay to $105,000. Here’s what divisions will be affected.
… But evidence shows big pay isn’t enough to lure grads to Wall Street
More evidence shows that would-be junior bankers are dissuaded by Wall Street’s grueling hours and demanding work. The New York Times recently reported that new and prospective graduates are increasingly unwilling to commit to a career in investment banking, despite starter salaries of $100,000 or higher. Why graduates are increasingly snubbing the Street.
These hedge-fund dealmakers are pumping billions into the world’s hottest private companies
Funds like Tiger Global, D1, and Coatue have funneled money into some of the most promising startups — and are beating VCs at their own game. We listed 20 dealmakers leading the charge into unicorn funding rounds at the biggest firms. Meet them here.
Michael Gelband’s ExodusPoint is losing top tech talent
Sonny Baillargeon and Anil Chandroth — heads of infrastructure and data science, respectively — have both left the $13.3 billion hedge fund. A look at what we know about the firm’s most recent exits.
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