Finance
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Wall Street is bumping junior pay and going on a hiring spree. Here’s a rundown of all the special bonuses and raises announced in recent weeks.
A year of nonstop work from home has Wall Street’s junior workers burned out. Wall Street banks and investment firms are responding...
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Why the ‘trillion-dollar’ markets touted by SPAC startups don’t always add up
The booming SPAC market has been spooked by the acting SEC director’s recent hints that new rules could be on the way....
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A frothy SPAC market and a damning article clued short seller Spruce Point Capital in on its newest target: bioplastics company Danimer ($DNMR)
Danimer Scientific has numerous red flags, according to short-seller Ben Axler. The bioplastics company was taken public in a $525 million SPAC...
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Real estate data firm Cherre raises $50 million as everyone from landlords to investors is desperate to quantify post-pandemic building needs
Commercial real estate data firm Cherre has raised a $50 million growth round. The round was led by Shanghai-based growth equity firm...
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Insider finance: Jamie Dimon predicts maskless October
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Two Sigma is getting into...
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Credit Suisse posts Q1 loss of $275 million after Archegos blowup and says it expects more pain from the fund’s implosion
Credit Suisse posted a narrower-than-expected Q1 net loss of $275 million. The Swiss lender said it has exited 97% of its trading...
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Government Executive built a profitable media company after spinning off from Atlantic Media last year. Now it’s on the hunt for acquisitions.
GovExec expects to make more than $30 million in revenue this year. The company has a profit margin north of 20%, its...
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JPMorgan CEO Jamie Dimon expects the bank’s employees will back in the office ‘within weeks’ and going maskless by October
JPMorgan employees will start returning to the office within weeks, Jamie Dimon said Wednesday. The CEO is open to remote work sometimes,...
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Systematic trading firm Vatic is launching a new quant strategy, and it’s hired a former finance professor who worked at Citadel and D.E. Shaw to lead the charge
Vatic Investments has hired former Citadel and D.E. Shaw quant Allen Poteshman as CIO. Poteshman, a former finance professor, will launch a...
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MUFG hires former Nomura fixed income strategist as it ramps up its leveraged finance unit in the US
MUFG has hired George Goncalves to lead its macro fixed income strategies in the US. He joins from rival Japanese firm Nomura...