Compensation for first-year IB analysts — SPACs remain hot — Blackstone's real-estate game plan
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Dan DeFrancesco
Aug 21, 2020, 22:25 IST
Speaker of the House Paul Ryan (R-WI) delivers a farewell address in the Great Hall of the Library of Congress Jefferson Building on Capitol Hill December 19, 2018 in Washington, DC.Chip Somodevilla/Getty Images
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In what is surely not a sign the market is overhyped, Paul Ryan — yes, former House Speaker Paul Ryan — is reportedly planning to launch a special purpose acquisition company. As first reported by The Wall Street Journal, Ryan will serve as chairman and is looking to raise around $300 million for his SPAC, also known as a blank-check acquisition company.
And while Ryan's SPAC reportedly will have some variations on the traditional setup, you can find the full details on it here, the question remains what a life-long politician knows about SPACs.
While the average base salary is fairly standard across the bulge-bracket banks, it's bonuses where there is some great variability. We included both the mean and median bonus at each bank, which also gives a sense for how they skew at the individual firms.
While data is top of mind for nearly every industry, law firms are one place you'd imagine that to be less true. However, Jack Newsham has the scoop on how lawyers are opening up to the idea of offering clients access to anonymized, internal data. Click here for the full story.
Yoonji Han got the chance to speak with Plaid's recently-hired general counsel. Meredith Fuchs, who has held several high-profile jobs working at regulatory agencies throughout her career, shared some pointed comments about the role she'll play in helping to manage relationships between the fintech and banks. Read the full story here.
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