Finance
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From wedding dresses to vacation rentals, here’s 5 areas where Affirm CEO Max Levchin expects consumer spending to rise and how the BNPL player will look to capitalize
Affirm CEO Max Levchin expects consumer spending will pick back up in areas like travel and weddings. Consumers saved more than $2.5...
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WeWork released an investor deck outlining ambitious occupancy projections ahead of a proposed SPAC deal. Here are 4 big takeaways.
WeWork is looking to go public via a SPAC that values the company at $9 billion. The company released an investor presentation...
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Confessions of Wall Street’s burned-out junior bankers: 5 current and former analysts from firms like Goldman Sachs and Credit Suisse explain what their day-to-day schedule is like
In recent weeks, the struggles of junior talent on Wall Street have come to light. Now junior bankers from firms like Goldman...
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HSBC counters neobank challenge with mobile business banking
HSBC’s new mobile service will help it compete with neobanks in the space. And it’s off to a fast start by providing...
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WeWork has reportedly agreed to merge with a SPAC in a deal that would take it public at a $9 billion valuation
Shared-workspace company WeWork has agreed to merge with a SPAC, The Wall Street Journal reported Friday. It planned to merge with the...
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Evercore told incoming summer analysts they’ll begin internships virtually, adding that they’re ‘not required’ to be based near its office sites
Evercore’s 2021 summer internships will begin virtually this year. The program will run from June 1 to August 6, a recruiting exec...
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Balyasny technology portfolio manager Elliott Wilson is heading to $3.7 billion Citadel spinoff Woodline Partners
Balyasny tech portfolio manager Elliott Wilson is joining Woodline Partners, sources told Insider. Wilson has worked at Balyasny since 2019, joining after...
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Citi just tapped 30-year company veteran Sandeep Arora to lead digital and investing strategy for the group that handles the bank’s largest clients
Citi just named Sandeep Arora the Institutional Clients Group’s new head of digital and chief investment officer. Arora will focus on leading...
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Top investment firm Aviva is passing on Deliveroo’s IPO because of concerns about its workers. It’s still invested in other ‘gig economy’ stocks
Aviva Investors’ CIO David Cumming told the BBC the firm would not invest in the Deliveroo IPO. He cited driver employment issues...
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383The SEC is looking into Wall Street’s SPAC craze and is seeking voluntary information from market participants, report says
SAUL LOEB/AFP via Getty Images The SEC is seeking voluntary information from Wall Street banks on SPAC deals, according to Reuters. The...