Credit exec resurfaces post-Blackstone feud - State Street is slashing 1,200 jobs - Inside the biggest SPAC deal ever

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• $4, the former Blackstone exec tangled up in an epic non-compete battle, has quietly started his new gig
• United Wholesale Mortgage is near the biggest SPAC deal ever - and its CEO $4nine months ago
• Plaid is on a $4 now that Visa isn't buying it

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter $4.

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Michael Whitman has finally found a home.

The former Blackstone credit executive had initially departed the firm in the summer of 2020 for a job at General Capital. Whitman was planning on looking for debt investment opportunities via a joint-venture with Iron Park Capital.

But Blackstone had different plans, citing a non-compete against Whitman.

However, it appears the dust has finally settled on the dispute, for now.

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Mat Ishbia, CEO of United Wholesale Mortgage, wasn't familiar with what a SPAC was just nine months ago. On Friday, his company will go public at a $16.1 billion valuation via a SPAC deal. $4.

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Fintech Plaid, which recently broke off its planned acquisition by Visa, is aggressively on the hunt for new talent. $4.

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Sixth Street just agreed to buy insurance company Talcott Resolution for $2 billion in another sign of private equity looking to make deals in the insurance space. $4.

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State Street announced durings its fourth-quarter earnings call it plans to cut 1,200 jobs to its global workforce, citing automation as a major reason why. $4.

Odd lots:

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