Wall Street bonus season handbook - What happens to Roblox's jilted bankers - Walmart launching a fintech
The store that has everything wants to launch a fintech.Affirm, Robinhood, and Coinbase.
And while it's unclear what Walmart hopes to do with this unnamed fintech, there is no doubt it's already in a fantastic position to succeed. The retail giant has millions of customers and employees to target with whatever it's offering. With customer acquisition costs often a top-of-mind concern for startups, that gives Walmart's project a massive leg up.If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
Wall Street bonus announcements kick off this week - here's when Bank of America, Citi, Goldman Sachs, JPMorgan, and Morgan Stanley will divulge the details80233029 The bonuses are coming.
It's the most wonderful time of the year for those in finance. A time when the pain and stress from the long hours put in all year are forgotten thanks to a healthy direct deposit.
Year-end compensation will be particularly interesting this time around, as 2020 was such an unusual year.We've got the full rundown on the entire 2021 bonus-announcement season.
Roblox's jilted underwriters may still see a payday. Here's how bankers' fees are shaking out after gaming startup switched from IPO to direct listing.Roblox - the video-game company your kids probably know more about than you - announced it is going with a direct listing, not a traditional IPO. With no need for underwriters, that changes the role bankers would traditionally play. Read more about what Roblox's switch means for Wall Street.
E-commerce continues to boom, leaving many merchants to consider how to make their checkout as seamless as possible. Enter Bolt, a fintech aimed at smoothing that process. The startup recently hired Maju Kuruvilla, a former Amazon exec, to be its first CTO. Kuruvilla and Ryan Breslow, Bolt's cofounder and CEO, discuss the hire. Read more here.
Charles Schwab, whose founder and chairman is a major GOP donor, will pause political contributions through the rest of the year80233040
In the wake of last week's events in Washington, D.C., some financial firms are putting a pause on political donations. Here's the latest on what Charles Schwab plans to do in that space. Read more here.
How this new hedge fund led by a former WorldQuant and Jefferies executive is uncovering new datasets to avoid the pain that hit quants in 2020quant hedge fund. Get the full inside scoop on the launch. See more here. Odd lots:
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