Finance
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Read the full memo Goldman Sachs just sent naming 4 execs to lead its private-equity investments across the merchant banking division
Goldman Sachs has named Bradley Gross, Stephanie Hui, Adrian Jones and Scott Lebovitz to lead a newly formed decision-making body responsible for...
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A leaked audio transcript showed a Bank of America exec rejecting concerns of staff who didn’t want to come to the office for fear of the coronavirus
A senior Bank of America executive lamented the negative impact of the coronavirus on his staff, in audio leaked to CNBC. Fabrizio...
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405‘I still think cash is trash’: Ray Dalio doubled down on dollar doubts in Reddit ‘ask me anything’
Reuters / Ruben Sprich Billionaire investor Ray Dalio still views cash as a bad investment even after the coronavirus sell-off. “I still...
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Silicon Valley startups may get to tap into the $350 billion coronavirus small-business loan program after all, thanks to late rule changes by regulators
Some startups may get loans from the $350 billion Small Business Administration program created by the new stimulus package. Late last week...
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526A ‘Black Swan’ fund posted a massive 4,000% return after the coronavirus blew up markets
Universa Investments A “Black Swan” hedge fund posted a 4,144% return last quarter after the novel coronavirus outbreak tanked markets. Universa Investments’...
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A top federal official blasts big banks that took bailout money in 2008 for being ‘resistant’ to help struggling small businesses
A top federal official in the Small Business Administration blasted big banks that took bailout money in 2008 for not quickly loaning...
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These 5 staggering estimates for weekly unemployment claims show just how deeply the coronavirus crisis has damaged the US economy
The consensus economist estimate is that 5 million Americans filed for unemployment insurance in the week ending April 3. The report will...
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Octopus Cash sees surge in new deposits amid the coronavirus crisis
This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your...
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382Dow climbs 250 points after Trump administration shares COVID-19 recovery plan
Reuters US stocks gained on Wednesday as investors cheered a continued slowdown in new US coronavirus cases and the White House’s early...