Finance

07 Jun 2023, 19:16

Check out the more than 50 pitch decks fintechs used to raise millions in funding from top investors

Here's the pitch decks that fintechs used to raise millions of dollars, from seed rounds to Series D.

07 Jun 2023, 18:11

The US government just declared war on crypto

The SEC shook up the world of crypto by filing lawsuits against two of the biggest crypto exchanges in the world. It won't be pretty.

07 Jun 2023, 15:24

Have a complaint against your bank? Here’s how RBI plans to resolve your grievances

The Reserve Bank of India (RBI) committee on customer service standards has proposed numerous recommendations to improve the quality of customer service and grievance redressal mechanisms, including creating a common complaints portal, compensating customers for the loss of original home agreements and offering senior citizens a dedicated phone line for their queries. The committee's report suggests regulating entities, such as banks, should maintain a centralised database of Know Your Customer (KYC) documents of all customers to avoid duplication. The RBI may adopt a carrot and stick approach to ensure better service standards.

07 Jun 2023, 03:34

Generative AI is coming for bond trading, but a massive hurdle still stands in the way of the market digitizing

A new tool from Broadridge's LTX highlights the ongoing push to digitize the massive market for corporate bonds.

07 Jun 2023, 01:28

First Republic's former co-CEO could be Turkey's next central bank chief

Leaving First Republic a year before the bank's troubles began may have been a smart move by Hafize Gaye Erkan, who is being considered to head Turkey's central bank.

07 Jun 2023, 01:27

From Party City to Bed Bath & Beyond: Bankruptcies just hit their highest level since the Great Recession

Consumer discretionary companies led the spate of bankruptcies with 37 filings so far in 2023, according to S&P's Market Intelligence data.

06 Jun 2023, 21:24

Here are the 150 most important people at BlackRock. Explore our exclusive org chart.

BlackRock has been priming the next generation of management and making changes at the top.

06 Jun 2023, 21:23

What you need to know if you want a job at an elite firm like Citadel, Millennium, or Point72

Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.

06 Jun 2023, 17:34

For Wall Street's newest interns, it's important to keep things in perspective no matter how things end up

Richard Handler, Jefferies CEO, offered some advice to the latest crop of interns, including the importance of keeping perspective.

06 Jun 2023, 12:38

Indian homes expected to make half their payments digitally in 3 years

According to a report by Redseer, half of all household payments in India are expected to be made digitally by fiscal year 2026, up from 35% currently. Online shopping will also grow with an expected 50% increase in users in the next three years, reaching over 300 million by FY26. The number of people using UPI or wallets as digital payment methods is expected to almost double from 350-380 million now to 650-700 million by then, with UPI almost doubling from 350-380 million unique mobile payment users.

06 Jun 2023, 02:15

Submit your nominations for Insider's 2023 class of Wall Street rising stars here

We're looking for the leaders of tomorrow, those making notable contributions and standing out in investment banking, investing, and trading.

05 Jun 2023, 21:34

After the turmoil in regional banks, here comes new regulation

The largest banks could see a 20% boost in capital requirements. And those with big trading units or fee-generating wealth businesses might take the biggest hits.

05 Jun 2023, 18:11

When it comes to your Wall Street internship, revert to the mean

Wall Street internships season is about to kick off. But trying to standing out might not be your best bet.

05 Jun 2023, 16:19

I'm the head of talent acquisition at Vanguard. Here are the 3 things I look for in candidates and my favorite interview question to ask.

Tiffany Haley flips a standard question on its head: instead of asking what candidates want to gain from the role, she asks what they'd want to give.

05 Jun 2023, 15:03

Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts

Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend production cuts through to 2024. The analysts who track the black gold prices are predicting that Brent crude prices may hit $100 per barrel by the end of 2023. The cartel had agreed to cut production by 1.6 million barrels per day in April 2023, which did not produce the desired effect, and hence the production cut was extended. The world's largest oil producer, Saudi Arabia, has also announced that it will trim oil production by another million barrels per day in July to bring stability in the market.

05 Jun 2023, 12:41

RBI monetary policy: MPC likely to keep the pause-button pressed

The Reserve Bank of India’s Monetary Policy Committee (MPC) could/should decide to pause interest rate hikes when it meets later this week, as per eminent economists. The consensus on the street is that the RBI Governor Shaktikanta Das-led panel will keep the repo rate unchanged at 6.5% thanks to cooler inflation. The primary reason for this belief is that the retail inflation (based on consumer price index, or CPI), came in significantly lower at 4.7% in April this year, down from 5.66% in March. This is comfortably below the central bank’s upper tolerance limit of 6%.

05 Jun 2023, 07:31

OPEC Plus will continue oil output cuts as prices remain unchanged

OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in line with the successful approach of being precautious, proactive and preemptive," in a press release, The Hill reported.

03 Jun 2023, 21:55

Why it's not that great that everyone is flocking to their online bank

Even though they took a hit following the banking turmoil earlier this year, small and regional banks are crucial for the financial system.

03 Jun 2023, 18:00

Christian radio host Dave Ramsey faces $150 million lawsuit from listeners who say they were defrauded by a timeshare exit company he promoted

The lawsuit said the Christian radio presenter was paid $30 million by Reed Hein, which often failed to get customers out of timeshare contracts.

02 Jun 2023, 23:54

JPMorgan's No. 2 explains how the fintech threat made the nation's largest bank even bigger

JPMorgan Chase COO Daniel Pinto said the fintech threat prompted the bank's retail expansion in Europe, among other changes.

02 Jun 2023, 23:15

No one wants to tell the ultra-rich how to pass their fortunes to their heirs

A majority of family offices said they didn't have wealth succession plans for family members, according to a recent survey conducted by UBS.

02 Jun 2023, 22:39

Six ways the rich save big on estate taxes, from putting houses in trusts to guaranteeing inheritance for future generations

What might seem to be farfetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Insider.

The war for hedge-fund talent has traders getting paid like star athletes

02 Jun 2023, 22:19

Beyond The BoardRoom with ICICI Prudential's Anish Tawakley

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