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Premium Finance 2020-07-11T15:21:44Z
henry kravis kkr

KKR is looking to make a big push into life insurance with a $4.4 billion acquisition. Here's why private-equity giants keep elbowing in on the $30 trillion insurance industry.

KKR plans to acquire Global Atlantic Financial Group, paying $4.4 billion in a deal that would place the insurance giant on KKR's balance sheet.
Premium Finance 2020-07-10T22:09:41Z
Jamie Dimon

JPMorgan's top Treasuries trader Rob Allen has been placed on leave amid a compliance review of his electronic messages

Allen's leave follows that of others in JPMorgan's broader interest-rate trading desk. A handful were put on leave little more than four months ago.
Premium Finance 2020-07-10T18:29:03Z
Tom Montag

Bank of America has poached a top junk-bond trader from Deutsche Bank, leveling up in one of 2020's red-hot trading markets

High-yield debt trading has seen heightened activity as corporations reckon with COVID-19. Bank of America and Deutsche Bank are top competitors.
Finance 2020-07-12T17:03:00Z

The Future of Fintech: AI & Blockchain

In this slide deck, Business Insider Intelligence explores the opportunities and hurdles of adopting the two technologies within financial services.
Finance 2020-07-12T13:53:50Z

We tabulated Jeffrey Epstein's notorious little black book, making its entries searchable for the first time

There are 1,510 people in Jeffrey Epstein's little black book. Now you can search them all for the first time.
Markets 2020-07-12T12:12:00Z

UBS lays out 3 ways traders can enter an uncertain market and use turbulence to their advantage

UBS pointed to this week's jobless claims number and continued fiscal support as an encouraging signs for the economy.
Finance 2020-07-12T11:38:32Z

A Tokyo neighborhood is offering anyone who gets coronavirus a $935 check, and some worry it could lead to a wave of deliberate infections

Shinjuku ward in central Tokyo says it will give 100,000 yen (around $935) to any citizen in the area who contracts COVID-19.
Premium Markets 2020-07-12T09:58:00Z

A portfolio manager invested in Berkshire Hathaway explains why Warren Buffett could still be a post-pandemic winner, even as naysayers call him 'washed up'

Buffett can hunt for bargains if the virus worsens, while Berkshire's earnings will rebound if the threat subsides, Pelican Bay's Tyler Hardt said.
Markets 2020-07-12T08:33:00Z

The UK's $39 billion tax gap has left a 'financial black hole' for its already-battered economy

The UK's revenue department collected a total of £628 billion in 2018-19 making up about 95% of tax expected by authorities.
Finance 2020-07-12T00:00:00Z

These are the hottest fintech startups and companies in the world

Business Insider Intelligence has put together the following list of 10 Up and Coming Fintechs for 2019.
Finance 2020-07-11T17:57:00Z

THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry

In this report, Business Insider Intelligence examines the payments ecosystem today, its growth drivers, and where the industry is headed.
Finance 2020-07-11T16:03:00Z

30 Big Tech Predictions for 2020

A list of 30 Big Tech Predictions for 2020 across Banking, Connectivity & Tech, Digital Media, Payments & Commerce, Fintech, and Digital Health.
Finance 2020-07-11T13:05:37Z

JPMorgan trader put on leave — lenders unload hotel loans — SoFi applies for bank charter

The definitive collection of the best finance stories Business Insider published during the week ended July 11.
Premium Premium 2020-07-11T12:00:00Z

We got an exclusive inside look at Fidelity's innovation lab where the $8 trillion investment giant is prototyping VR systems for meeting financial advisors and explaining quantum computing

"You've got this interactive blank canvas that wraps 360 degrees around you," said Fidelity's Adam Schouela. "It's a phenomenal visual experience."
Premium Finance 2020-07-10T20:47:50Z

The CEO of an Apollo-backed energy company may face charges for pulling a gun on a Mexican American couple that took a wrong turn near his Colorado home

Paul Favret may face charges of two counts of menacing and two counts of false imprisonment, according to an arrest warrant. His company has placed him on administrative leave.
Finance 2020-07-10T19:43:00Z

From warehouses to office space, real-estate markets have been turned upside down. These are the winners and losers.

Flex-office firms are struggling, and companies are rethinking leases for offices. Meanwhile, demand for warehouse space is emerging as a bright spot.
Premium Finance 2020-07-10T19:15:26Z

Women-focused coworking startup The Wing is almost $270,000 behind on rent and other charges at its Bryant Park location in New York, according to lawsuit

The women-focused workspace firm has been battered by the pandemic and a crisis of leadership in recent months.
Premium Finance 2020-07-10T17:48:00Z

Wells Fargo's longtime CMO will leave her role as part of a bigger marketing shakeup across the bank

Jamie Moldafsky will remain in the CMO role at until the transition is complete, Wells Fargo said in a memo to employees.
Premium Finance 2020-07-10T17:13:33Z

Some short-term rental startups like Sonder and CorpHousing say they're bargain-hunting for new locations to bet on an eventual travel recovery

Some urban short-term rental companies have been expanding rapidly by adding properties that struggling providers have offloaded to save cash.
Premium Finance 2020-07-10T16:58:00Z

SIGN UP NOW: On Tuesday we're talking to Fast CEO Domm Holland about how he crafted the perfect pitch to raise $20 million from top investors

We'll discuss how Holland came up with the idea for Fast, how to build a pitch deck, and what it takes to win over top Silicon Valley investors.
Premium Finance 2020-07-10T14:21:00Z

Meet the fintech that nabbed $50 million in funding from Alphabet, where customers text it money questions and choose what they pay

CEO Yinon Ravid said Albert's goal has always been to give financial advice from humans — not bots, which he said are "crappy" —  to customers.
Premium Finance 2020-07-10T14:08:00Z

Fintech investors say the Wirecard scandal will put increased regulatory pressure on payments companies and stymie growth for startups

Insiders say startups in the payments space should expect additional scrutiny from regulators and investors alike in the wake of the Wirecard scandal.
Premium Finance 2020-07-10T13:59:00Z

POWER PLAYERS: Meet the 11 American Express execs tasked with evolving the card giant to keep pace with the booming e-commerce space

Take a look at the execs driving Amex's growth and positioning the credit card giant to take off in the increasingly digital world of payments.
Premium Finance 2020-07-10T13:56:26Z

The head of Amex Digital Labs lays out the card giant's innovation strategy, and explains why the future is partnering with tech giants like Apple and Google

While historically, Amex had a "build" mentality, now it's more open to partnering with — and potentially acquiring — startups.
Premium Finance 2020-07-10T13:30:00Z

Here's the pitch deck used to raise a $4.4 million seed round for an AI chatbot looking to transform how people find apartments

Users have been sending the chatbot gifs, emojis, and even selfies while it helps them streamline their apartment search process.
Premium Finance 2020-07-10T12:51:00Z

Inside Goldman Sachs's first in-person board meeting since the pandemic began

About half of Goldman's board attended the meetings, including Chairman and CEO David Solomon. Other Wall Street boards are still meeting virtually.
Premium Markets 2020-07-10T12:15:00Z

A Wall Street expert breaks down how universal basic income could directly benefit 4 sectors of the stock market and squash wealth inequality — despite critics saying it would be a disaster

Universal basic income is increasingly part of the political and economic discussion in the US. Here are four market sectors it could benefit.
Premium Markets 2020-07-10T12:05:00Z

The top-ranked stock-picker in small companies has returned 13 times more than his peers this year. He breaks down the 5 little-known stocks he's using to bet on the 5G and work-from-home revolutions.

Chris Retzler's small-cap fund thrived in some of the most up and down trading in history. He explained how he's investing in key tech trends.
Markets 2020-07-10T00:16:00Z

Retail traders make up nearly 25% of the stock market following COVID-driven volatility, Citadel Securities says

Retail investors made up about 10% of market activity in 2019, but that proportion steadily climbed as brokers erased commission fees.
Markets 2020-07-09T19:13:00Z

'Blank check' companies have seen a surge in popularity this year. Here are 6 high-profile SPACs to watch in 2020.

So far in 2020, there have been 39 SPAC IPOs that have raised gross proceeds of $12.3 billion, according to SPACInsider.
Premium Strategy 2020-07-09T17:18:00Z

Here are the top 12 case studies every MBA student should know

Case studies are real-world examples of why businesses succeed or fail — like Apple changing its name to pivot away from just producing computers.
Finance 2020-07-09T16:29:00Z

Wells Fargo is preparing to cut thousands of jobs beginning this year, according to a new report

The fourth-largest US bank by assets has been rocked by the coronavirus pandemic on top of years of regulatory fines.

GOLDMAN SACHS: Wall Street is bracing for a historically wild stock market as the presidential election nears. Here's a surprising yet simple strategy for protecting your portfolio — regardless of outcome.

Investors are paying extraordinarily high premiums to hedge their portfolios around an expectedly volatile election time, Goldman Sachs says.
Finance 2020-07-09T15:54:57Z

When regulators suspended Wirecard's UK arm, payments to its fintech partner accounts bounced. The suspension has lifted — but for some, the money is still missing.

Some UK account holders are still waiting for cash that bounced from their accounts when the German fintech firm Wirecard filed for insolvency.
Markets 2020-07-09T15:46:51Z

Bed Bath & Beyond plummets 25% after earnings miss, but BofA sticks to 'buy' and expects 111% upside

The company declined to provide financial guidance for 2020 due to uncertainties surrounding the impact of the COVID-19 pandemic.
Premium Markets 2020-07-09T15:46:00Z

The most accurate analyst covering e-commerce says these 7 stocks will be among the biggest winners of the shift to online shopping

Colin Sebastian sees a seismic change in the way people are shopping — and he's bullish on this select group of companies.
Markets 2020-07-09T15:29:17Z

Republicans reportedly want to shrink the 2nd round of $1,200 stimulus checks for low-income Americans and limit who gets government cash

McConnell last week opened the door for another stimulus check and said people earning under $40,000 a year were hit hardest in the economic fallout.
Premium Finance 2020-07-09T15:14:15Z

WeWork faces 3 new discrimination and harassment lawsuits, including a complaint that says a manager brought knives and a crossbow to work

Two Black former employees are suing WeWork for racial discrimination, while a female employee said her manager harassed her.
Markets 2020-07-09T15:06:54Z

A gauge of US consumer comfort falls for the first time in 7 weeks as coronavirus cases climb

The slump in the index was led by a decline in buying attitudes and consumer sentiment from respondents in the South, Bloomberg reported.
Premium Retail 2020-07-09T15:00:09Z

Levi's plans to be a pandemic winner by embracing technology, cutting costs, and going on the attack. Here are the 10 key parts of its strategy.

The jeans giant threw a virtual music festival, shipped online orders from its closed stores, and roped in an epidemiologist.
Premium Finance 2020-07-09T14:52:32Z

SoFi just filed an application for a national banking charter, and CEO Anthony Noto told employees it's a critical strategic step for the $4.3 billion fintech

The personal-finance startup SoFi has filed an application for a national bank charter with the Office of the Comptroller of the Currency.
Markets 2020-07-09T14:44:00Z

Cryptocurrency marketplace Coinbase reportedly eyeing stock-market listing as early as this year

If the Securities and Exchange Commission signs off on the debut, Coinbase could become the first publicly traded cryptocurrency marketplace.
Premium Markets 2020-07-09T14:34:56Z

Ed Hyman was named Wall Street's best economist 39 times and called the tech bubble. He outlines 3 market drivers that are aligning for investors looking to capitalize on coronavirus chaos.

The founder of Evercore ISI says the stock market's next moves boil down to three drivers — all of which should provide a boon to investors.
Premium Healthcare 2020-07-09T14:02:00Z

Slide Deck: 6-Figure Jobs in Cannabis

Business Insider has rounded up the six-top earning positions in the cultivation, extraction, manufacturing, and retail sectors of cannabis.
Finance 2020-07-09T14:02:00Z

Beazley has rolled out an online booking system for brokers

Beazley rolled out an online booking solution, which will facilitate virtual broker meetings with underwriters and improve remote working conditions.
Finance 2020-07-09T13:24:00Z

US banks could gain up to $24.6 billion in processing fees for PPP loans

US banks stand to gain between $14.3 billion and $24.6 billion in processing fees for PPP loans, though some plan to donate their PPP profits.
Premium Healthcare 2020-07-09T13:11:00Z

The coronavirus pandemic is upending the way patients get their prescriptions. Meet the 8 pharmacy startups competing to take a bite out of the $335 billion market for prescription drugs.

Pharmacy startups offering delivery stand to disrupt the massive prescription-drug industry amid the coronavirus pandemic.
Markets 2020-07-09T13:07:33Z

Hedge funds plunged a record 7.9% in the first half of the year as the coronavirus pandemic roiled markets

In addition, none of the four major investing strategies used by hedge funds made any money in the first six months of the year.
Markets 2020-07-09T12:52:48Z

Walgreens freezes share buybacks after posting $1.7 billion 3rd-quarter loss

The pharmacy chain also said it plans to cut 4,000 jobs, or about 7% of its workforce, after stay-at-home orders dragged on global sales.
Premium Markets 2020-07-09T12:24:00Z

Wall Street is being shaken to its core by a legion of Gen Z day traders. From a casual hobbyist to a 20-year-old running a 14,000-person platform, meet the new generation of retail investors.

The legendary investor Leon Cooperman said the trend "would end in tears," but many casual traders are turning profits and learning along the way.
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