Finance
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How humans outperformed the machines in 2020 at $6 billion Schonfeld Strategic Advisors
Schonfeld Strategic Advisors, the $6 billion hedge fund manager founded by billionaire Steven Schonfeld, returned 14.4% in its $2.3 billion Fundamental Equity...
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7 cities real-estate investors should target in 2021, from the ‘clever investor’ who went from $30,000 in debt to flipping over 1,000 houses
Real-estate investment opportunities can be tricky to identify in the current market, which is full of contradictions. Single-family home prices are at...
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‘Let us do the work first’: Incoming Citigroup CEO Jane Fraser fends off tough questions about how she’ll right the ship as Mike Corbat prepares to exit
Jane Fraser, Citigroup’s incoming chief executive, will step into the role in February, but made her debut in front of analysts on...
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A Boies Schiller lawyer who’s a son of one of the elite law firm’s cofounders was arrested on a domestic violence charge
Boies Schiller Flexner partner Joshua Schiller was arrested on a domestic violence charge this week in California. He’s on a leave of...
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Impact investing finances companies that aim to do good in the world — here’s how it works and how to get involved
Impact investing targets companies or projects committed to specific social or environmental causes. While many perform well, the return on impact investments...
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Morgan Stanley just promoted 171 people to managing director — here are the names in their new group of MDs
Morgan Stanley has promoted 171 individuals to the rank of managing director, the firm’s most senior designation under the C-suite, a person...
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Plaid’s breakout stars: These are the 14 people heading up key projects at the $5.3 billion fintech looking to make financial data more accessible
In January 2020, Visa announced plans to acquire data aggregator Plaid for $5.3 billion. The DOJ sued Visa citing antitrust concerns. Now,...
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JPMorgan eyes commercial bank’s international expansion with goal of $1 billion in revenue. ‘This is an extraordinary opportunity to hire bankers.’
JPMorgan Chase is eyeing expansion of its commercial bank into international markets. Jamie Dimon, the bank’s CEO and chairman, said during Friday’s...
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How mortgage rates will change once Democrats fully control Washington
When Democrats won Senate control in Georgia’s January run-off election, mortgage rates increased. With the majority in the House and now the...
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A look at nonbank loans and the alternative lending industry business model in 2021 (WFC, BAC, C, JPM, USB, PYPL)
Alt lenders’ ability to leverage technology and provide more efficient lending services to the underserved is allowing them to penetrate the market...