Insider Finance - Business - Wall Street: Top fintech M&A targets

The latest in finance.
View in browser
INSIDER
Subscribe

10 THINGS ON WALL STREET

Welcome back! Dan DeFrancesco in NYC.

Today, we've got stories on how to land an internship at D.E. Shaw, what's going on with Credit Suisse bankers looking for new gigs, and the airports you probably should avoid if you don't like crowds.

But first, just give me a number.


If this was forwarded to you, sign up here. Download Insider's app here.


future of data on wall street 4x3

1. Let's make a deal.

It seems the time has finally come for some M&A, and one group is ready to go. 

I wrote last week about how a couple of blockbuster deals could kick off a spree of dealmaking after a long drought. 

Insider's Paige Hagy and Bianca Chan identified a bunch of acquisition targets in a segment of the market that is in need of some deals: fintech

Paige and Bianca spoke to nearly a dozen insiders to identify 27 fintechs that could be up scooped up, along with the firms that might be interested in buying them. The list spans across seven different segments, further illustrating how this is an industry ripe for transactions.

One could make the point that every industry has a backlog of potential deals, but fintech seems particularly ripe. 

The pandemic, and the years of volatile market activity that followed, are partially to blame. Plenty of companies that should have gotten acquired or gone public in 2021 didn't because of the amount of money in the private markets. The following year, the market slumped, delaying things once again. 

Now, it seems, we'll finally have some activity. Sure, rates are still high. But beggars can't be choosers, and many fintechs can't afford (literally) to wait much longer. 

Click here to read more about the 27 fintechs that could be acquisition targets, according to industry experts.


In other news:

the terminal dreamworks

2. D.E. Shaw's interns don't work for free. With a base salary starting at $9,000 a month, an internship at the secretive hedge fund comes with plenty of perks. Jeremy Reff, D.E. Shaw's recruiting head, details the hiring process. Here are some tips for landing a spot in next summer's intern class.

3. The best Credit Suisse has to offer. Investment bankers at the soon-to-be-acquired Swiss bank are weighing their options on their next move. We spoke to recruiters to identify the ones who will be most sought after. These are the 19 bankers who are attracting the most interest.

4. The fallacy that is work-life balance. Everyone talks about it, but is it actually achieveable? In most cases, probably not. Why trying to find a balance between work and a personal life is so hard.

5. The Mooch loses momentum. Anthony Scaramucci's SkyBridge Capital has had a tough go of it in recent years, leading investors to ask for their money back, Bloomberg reports. More on how it all went so wrong for Scaramucci.

6. Podcasts that aren't a waste of time. Take a break from listening to recaps of sports and reality TV and check out these podcasts focused on AI. Here are 11 AI-focused podcasts recommended by industry experts.

7. Where, oh where, have the PE firms gone? One group that was conspicuously absent amid the recent banking crisis was private equity. Bloomberg has details on Blackstone's failed bid for SVB, along with why PE firms largely remained out of the fray.

8. So about those JPM deals... A US regulator is auditing the spree of deals that JPMorgan made in recent years, the Financial Times reports. The news comes as questions arise regarding the bank's due diligence process following the blow-up of its deal for Frank. For the complete rundown on the 16 fintech and consumer-facing deals JPMorgan has made since 2020, click here.

9. Arrivals and departures. Airports aren't typically a place most people would consider "relaxing," but these hubs are particularly busy. These are the 10 busiest airports in the world.

10. Don't skip leg day. Having bad knees isn't an excuse to ignore leg exercises. A personal trainer shares tips for getting in a good leg workout even if you can't squat or deadlift. Check out some good alternatives.


Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet @dandefrancesco, or connect on LinkedIn. Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York.

ADVERTISEMENT
  1. How fine dining and futures markets are intertwined. Find out where restaurant price increases are coming from and how futures markets help stabilize them. Learn more

Key phrases

Older messages

Boomers stick it to millennials

Sunday, April 9, 2023

Plus: "The next Joe Rogan," and a $9 million adtech heist. View in browser Subscribe April 9, 2023 Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider

Disney CEO takes no prisoners

Saturday, April 8, 2023

Plus: Gen Z's 'celibacy era,' and workout cheat codes. View in browser Subscribe April 8, 2023 Hello, Insiders. It's the weekend! We've got a packed edition for you today, so we

Why Gen Z is obsessed with the ‘90s

Friday, April 7, 2023

Plus: Apple's hidden manifesto, and Clarence Thomas gets slammed. View in browser Subscribe April 7, 2023 Hello, Insiders. This is Joi-Marie McKenzie, editor in chief of Insider's life division

Wall Street: MBAs to M&A, a reader mailbag

Friday, April 7, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hey there! Dan DeFrancesco in NYC. Fun fact Friday: Parents in cities, including Eleanor Roosevelt, used to put

Work-life balance battle

Thursday, April 6, 2023

Plus: Amazon pay changes, and ChatGPT workload hacks. View in browser Subscribe April 6, 2023 Hello, Insiders. Everyone's talking about Ben Affleck's new movie “Air,” which recounts how Nike

You Might Also Like

Blame it on the rent

Thursday, April 18, 2024

Bloomberg Evening Briefing View in browser Bloomberg When US inflation peaked above 7% back in 2022, the culprits were everywhere—spread across goods and services. Now, with inflation back below 3%,the

🇮🇳 It's all about India

Thursday, April 18, 2024

Chipmaker TSMC didn't have much to complain about | The US dollar has the world talking | Finimize TOGETHER WITH Hi Reader, here's what you need to know for April 19th in 3:14 minutes. 🪙

Home makeover on a budget? We have just the thing.

Thursday, April 18, 2024

Lower rates and potential value boost — get started. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Mother Earth 🤝 Jane Fonda

Thursday, April 18, 2024

Plus, a new worksheet for stay-at-home moms. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌ 

Visionary Valuations - Issue #464

Thursday, April 18, 2024

From AI enhancements to fintech revolutions, uncover the potential of next-generation financial technologies. April 18, 2024 FinTech Weekly cuts through the noise to bring you insights on how

Prepare for a Recession Unlike Any Other

Thursday, April 18, 2024

The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. Exchange Dems Impose Shocking Law "401K-Funded Reparations?

Three facts about the rising number of UK business exits

Thursday, April 18, 2024

Jelle Barkema, Maren Froemel and Sophie Piton Record-high firm exits make headlines, but who are the firms going out of business? This post documents three facts about the rising number of corporations

Big Tech drops

Wednesday, April 17, 2024

Bloomberg Evening Briefing View in browser Bloomberg The US stock market saw its longest losing streak since January as a handful of big tech companies sold off. Equities fell for a fourth straight day

📉 ASML's chips are down

Wednesday, April 17, 2024

Chip company ASML issued a bad omen | UK inflation was close to expectations, but close doesn't cut it | Finimize TOGETHER WITH Hi Reader, here's what you need to know for April 18th in 3:13

Are you having credit report trouble?

Wednesday, April 17, 2024

Don't let mistakes hurt your credit score. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌