Finance
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UBS is looking to hire more SPAC-focused junior bankers as rapid-fire deals pile pressure on young Wall Street
UBS is looking for junior and mid-level bankers focused on SPACs, according to LinkedIn postings. Banks have been flooded with SPAC work,...
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Confessions of burned-out junior bankers — Jonathan Soros’ new hedge fund — Wall Street moves of the week
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Five investment banking analysts gave...
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428Credit Suisse loses $5 billion in market value after warning of a big hit from Archegos blowing up
Johannes EISELE /AFP/Getty Images Credit Suisse stock tanked 14% on Monday, wiping away $5 billion of market value. The Swiss bank warned...
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Japanese bank Nomura says it’s facing a loss of $2 billion as a hedge fund blow up roils markets
Japanese investment bank Nomura announced on Monday it’s facing a $2 billion loss on a US client. Nomura said in a press...
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SPACs are threatening Silicon Valley’s famous startup lifecycle of failure
Special purpose acquisition companies are booming, and there are more than 400 looking for targets. As SPACs fight for deals, they may...
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5 current and former junior bankers explain what their daily schedules are really like as burnout mounts: ‘Ninety-five hours a week, that’s nothing special’
Wall Street firms are showering junior bankers with special bonuses and perks as burnout mounts Credit Suisse is paying analysts, associates, and...
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Something weird just went down in the stock market, and Wall Street is speculating it’s the result of a fund liquidation
A selling spree on Wall Street erased $35 billion from the values of stocks of major companies Friday. The selloff appears to...
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When hedge fund billionaire Thomas Sandell paid $105 million to settle a tax fraud case, an anonymous tipster made $22 million. Here’s an inside look at the crazy world of whistleblower lawsuits.
An anonymous tip led to a hedge-fund billionaire’s $105 million tax-evasion settlement this month. Whistleblowers earn millions by providing inside knowledge about...
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A federal court has ordered a man to pay more than $571 million in fines for operating a ‘fraudulent bitcoin trading scheme’
A judge ordered a UK man to pay $571 million in fines for an allegedly fraudulent bitcoin scheme. Benjamin Reynolds allegedly took...
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Burnout bonuses — Who to know to launch a hedge fund — Wall Street confessions
Hello, readers. Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: Some Wall...