Finance

Walmart’s mystery fintech — PR cashes in on SPAC craze — Goldman exodus

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Walmart’s mysterious new fintech startup just made some high-profile hires. Here’s what experts predict these moves mean for the new venture.

Walmart

Kena Betancur/VIEWpress via Getty Images

Walmart is making a push into the world of fintech with the help of two former Goldman executives.

Experts speculate on what the retail giant is looking to do with the mysterious venture.

Click here to read the entire story.


BlackRock’s HR boss details steps, including forming a new team, to address employees’ complaints in new memo as it faces discrimination allegations

GettyImages 480950078

BlackRock boss Larry Fink
CNBC/Getty Images

BlackRock is taking new steps to address employee concerns, including forming a new team, according to a recent memo from the HR head viewed by Insider. Read more here.


UBS doubles down on the workplace wealth business as it leads a $10 million investment round in student loan fintech FutureFuel.io

Ralph Hamers, new CEO of Swiss Bank UBS, gestures during a press conference in Zurich, Switzerland, Thursday, Feb. 20, 2020. Dutchman Ralph Hamers will replace Sergio Ermotti, who is still UBS boss, on Nov. 1, 2020. (Walter Bieri/Keystone via AP)

Ralph Hamers, new CEO of Swiss Bank UBS, gestures during a press conference in Zurich, Switzerland, Thursday, Feb. 20, 2020. Dutchman Ralph Hamers will replace Sergio Ermotti, who is still UBS boss, on Nov. 1, 2020. (Walter Bieri/Keystone via AP)
Associated Press

UBS is investing in a startup that helps people pay down student loan debt. See more here.


Bank of America has promoted Laura Chepucavage to global markets leadership team, running financing and futures desk

bank of america

ablokhin/Getty Images

Laura Chepucavage, a two-decade veteran of Bank of America, has been promoted to head of global financing and futures, according to an internal memo. Get the full rundown here.


PR firm Bevel hired a Goldman Sachs alum to cash in on the SPAC craze and win market share from financial communications heavyweights

Jessica Schaefer and Naomi Hung

Bevel

PR firm Bevel has brought on a Goldman alum to lead a new SPAC communications and advisory practice. Find out more here.


An exodus is under way at Goldman Sachs. Here’s a running list of all the big names jumping ship and where they’re heading.

Eric Lane _ Goldman Sachs

Eric Lane.
Goldman Sachs

We mapped out all the recent partner departures from Goldman Sachs and where they are headed. Read more here.


Odd lots:

The new screening interviews used by investment banks (eFinancialCareers)

German Financial Regulator Refers Greensill Matters to Criminal Prosecutors (WSJ)

Goldman to Swell to Record Size in Singapore With 100 Tech Hires (Bloomberg)

PayPal is in early-stage talks to buy crypto asset security firm Curv for half a billion, reports say (BI)

Big exits from Goldman Sachs’ New York equities business (eFinancialCareers)

A $21 Trillion Treasuries Mystery Is Bedeviling Global Markets (Bloomberg)

The biggest private psychedelics company in the world just raised a record $157 million, pushing psychedelics further into the mainstream (BI)

Citi’s $900 Million Mistake Prompts Banks to Seek New Safeguards (Bloomberg)

Evisort’s CEO walks through the 11-page pitch deck that the contract software startup used to nab $35 million from investors like General Atlantic — and lays out its path to an IPO (BI)

JPMorgan Seeks to Reduce Office Space in Two Manhattan Towers (Bloomberg)

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