Square's $29 billion bid for Afterpay poses a new threat to PayPal, which launched its own buy now, pay later offering less than a year ago. Now, the two payment giants are duking it out for both merchants and consumers. More on the fight to be the go-to finance super app.
Leon Hagouel is joining the hedge fund after 15 years at JPMorgan, where he specialized in trading credit-default swaps, junk bonds, and distressed debt. Hagouel is set to start at Point72 in October as a macro portfolio manager. Here's what we know about the hire.
Critics have bemoaned collateralized loan obligations, or CLOs, as absorbing too much risky corporate debt. But the asset class defied skeptics, surviving the pandemic and soaring to record levels in 2021. We spoke with a dozen experts throughout the asset class, who gave us an inside look at what's next.
Dealmakers, traders, and investors told us how they made a career in CLOs, explaining how they win investors over to a space with a fair share of critics. Meet them here.
In preparation to go head-to-head with custodians like Schwab and Fidelity, Altruist just hired a new CFO and head of investing. Here's what we know about the new hires.
Chris "Whopper" Johnson is joining from Wells Fargo, where he spent the past decade. He'll start as head of program trading sales, filling a void for Credit Suisse, which has seen an exodus in the Archegos aftermath. Everything we know so far (and why they call him "the Whopper").
These nine people are shaking up the notoriously old-school legal industry, with everything from AI research to new pricing models. Meet them here.
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