Finance

Exclusive news, analysis and commentary on all things Wall Street, from banking and markets to private equity and hedge funds.

Banking

UBS Mulls a Massive Cost-Cutting

Photo by Claudio Schwarz via Unsplash

The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.

1 min read
Markets

General Catalyst Closes $6 Billion Fund

Photo by Hardik Pandya via Unsplash

It’s a possible sign that the VC industry’s newest chapter is a story of the haves and have-nots.

2 min read
Banking

Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

Image Credit: Getty Images, awdebenharn.

Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

2 min read
Markets

NYSE Polls Market Players About Moving to Around-the-Clock Trading

Photo by Meutia Chaerani via CC BY-SA 3.0

The NYSE is asking participants how investors should be protected during periods of volatility, how overnight staffing should work.

1 min read
Markets

Bigger Is Still Better in the S&P 500

Photo by Jason Briscoe via Unsplash

The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.

2 min read
Artificial Intelligence

Finding the Real in Artificial Intelligence

Photo illustration by Connor Lin / The Daily Upside

Does the AI hype actually hold any substance? As long as you don’t get distracted by shiny things, these venture capitalists say.

5 min read
M&A

Dealmaking Is Coming Back — With or Without Fed Rate Cuts

Photo by Yusuke Kawasaki via CC BY 2.0

Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.

2 min read
Banking

Goldman Sachs Leans On ‘Core Strengths’ to Crush Q1 Earnings

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In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.

2 min read
Finance

Goldman Sachs Mulls Exit From Big Tech Investments

Photo by Click See via CC BY-SA 2.0

The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.

2 min read
Banking

Jamie Dimon Sticks to His Cautious Worldview

Photo by Steve Jurvetson via CC BY 2.0

JPMorgan’s CEO sees a lot of potential in the US economy — and plenty of obstacles to overcome.

2 min read
Banking

US Banks Push Back on High Severance Costs in Paris

Photo by Rodrigo Kugnharski on Unsplash

The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.

2 min read
Technology

Y Combinator Plans to Tap Alumni to Invest in New Funds

Photo by Hardik Pandya via Unsplash

As it raises its next trio of funds, the famed startup accelerator is inviting past members to invest, according to an Axios report.

1 min read
Consumer

Chase Bank Gets into the Ad Game

Photo by Jan van der Wolf via Pexels

Chase Bank announced a new advertising unit that will use customer transaction data to target them with ads.

2 min read
Patent Drop

JPMorgan Chase Continues AI Rampage with Volatility Prediction Patent

Photo via U.S. Patent and Trademark Office

JPMorgan Chase wants to predict overly-aggressive investors with AI.

3 min read
Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read
Markets

US Home Insurance May Reach Record High

Photo by Wes Warren via Unsplash

Amid an increase in severe weather events, homeowners insurance rates in the US are skyrocketing toward record highs.

2 min read
Healthcare

Senior Housing Sees a Slight Rebound, But Major Concerns Linger

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Demand for senior living facilities is inching back toward pre-pandemic levels. But how that demand will be met is still an open question.

2 min read
Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

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The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read
Markets

BlackRock Is Still Getting Red-State Pushback on ESG Investments

Photo by Christopher Michel via CC BY 2.0

Investment firm BlackRock is still getting grief from conservative investing funds for its environmental, social, and governance strategies.

2 min read
Finance

Deloitte Plans a Massive Restructuring

Photo by Flickr via CC0 1.0

The world’s biggest accounting firm is looking to simplify as it nears the end of a massive growth spurt.

2 min read