Lasry steps down from Ozy — Cohen's crypto spree — BofA hiring plans

View in browser
Insider Finance
Subscribe

Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for iOS and here for Android.

On the agenda today:

Let's get started. 


Marc Lasry has stepped down as chair of Ozy

Marc Lasry

Hedge fund billionaire Marc Lasry said he's stepping down as chairman of Ozy Media, days after standing by the company's handling of a chief operating officer who was caught impersonating a YouTube exec on a fundraising call with Goldman Sachs. Read what he told us about his decision to step down.


Steve Cohen's crypto investing spree continues

steve cohen hedge funds 4x3

Billionaire Steve Cohen's Point72 Ventures just led Zero Hash, a startup helping fintechs offer digital currencies, to a $35 million Series C. Get the lowdown on Zero Hash and Cohen's investing spree.


BofA expands plans to hire from low-to-moderate income communities

BofA logo

Bank of America has surpassed its five-year goal set in 2018 to hire 10,000 new employees from low-to-moderate income backgrounds, and is now planning to recruit 10,000 more employees by 2025. Here's an inside look at the plans.


JPMorgan's commercial banking CIO will lead product

JP Morgan

Anish Bhimani, JPMorgan's CIO for commercial banking, was just promoted to chief product officer for commercial banking. Bhimani's move from chief information officer to CPO is the second such move at the bank this month, as JPMorgan turns to tech execs to lead its product teams — a nod to the importance Wall Street puts on digital experience. More on the CIO to CPO pipeline.


The unit policing PE firms is shrinking

US Securities and Exchange Commission chairman Gary Gensler speaks into a microphone and gestures with his hand

SEC chief Gary Gensler put the private-equity industry on notice — but new figures show the unit that polices those firms is shrinking. The SEC department that regulates private-equity and hedge fund misconduct has dwindled by about 16 percent over the past six years. What we know about the decline in its staffing levels.


BofA has a new global head of fixed-income sales

Bank of America

Bank of America has promoted Denis Manelski to the role of global head of sales for fixed income. He'll take over the role from Sanaz Zaimi, who announced her departure in September. More on that here.


On our radar:

  • A former Goldman Sachs employee who quit her $150,000-a-year job to become a Medicare coach explains why she'd never go back to corporate life.
  • Citi says Revlon lenders could have avoided the legal brawl unfolding by simply calling the bank, Bloomberg reports. More on that here.
  • According to AdvisorHub, Merrill Lynch has stripped about 200 would-be advisors of their clients. What we know so far.
  • Charles Schwab's CEO has promised an investigation into sexual harassment claims made in a TikTok video, per Financial Advisor IQ. Get the details.
  • BlackRock is going to start its return-to-office pilot program on Oct. 1, according to Bloomberg. Get the full rundown here. 

Don't forget — We're publishing new crosswords through Oct. 8. Solve today's here.

Business Insider

Email sent to: you   |   Manage preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy   |   © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006
Powered By SailthrU

Key phrases

Older messages

In leaked private notes, Elizabeth Holmes wrote about "becoming Steve Jobs" and having "nothing to hide" when Theranos' testing issues were exposed

Thursday, September 30, 2021

Theranos founder Elizabeth Holmes wrote "fearless transparent nothing to hide" after Theranos' testing issues were brought to light, CNBC reports. View in browser Business Insider

These investors are betting big that the office isn't dead

Thursday, September 30, 2021

But pension funds and other large institutional investors are seeing an... View in browser INSIDER INSIDER Subscribe Insider Exclusive FINANCE These investors are betting big that the office isn't

Motherhood on Wall Street — Pension funds invest in offices — Bloomberg courts quants

Thursday, September 30, 2021

View in browser Insider Finance Insider Finance Subscribe Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for

Meet this year's rising stars of Wall Street

Wednesday, September 29, 2021

From shaking up investing at the US's largest pension system to... View in browser INSIDER INSIDER Subscribe Insider Exclusive FINANCE Meet the 25 rising stars of Wall Street From shaking up

July might have been the turning point for the US housing crisis

Wednesday, September 29, 2021

Home prices rose at a record year-over-year pace in July — again. Yet monthly home inflation suggests relief is coming for home buyers. View in browser Business Insider Business Insider Business

ASP.NET Core News - 09/24/2021

Friday, September 24, 2021

View this email in your browser Get ready for this weeks best blog posts about ASP.NET Core! This newsletter is sponsored by elmah.io - the most advanced, yet so simple to set up, error logging and

Ashley Flowers non-profit gets arrest in unsolved case

Friday, September 24, 2021

Funding group is helping with 31 cases. An indie podcast gets into the papers. Himalaya pivots again. Clubhouse adds Wave 2.2 minutes to read · Your daily briefing for podcasting and on-demand, with

CryptoPage Newsletter - Issue 104

Friday, September 24, 2021

Crypto Daily News - September 24, 2021 View on the Web Archives ISSUE 104 September 24th 2021 Crypto News Kazakhstan Might Have to Shut Bitcoin ($BTC) Mining Operations, Here's Why Kazakhstan, the

🧠 Let’s talk about vaccinations

Sunday, September 19, 2021

Thank you to everyone who wrote in with their self-care advice! Open this email to see what other Sunday Scaries readers shared. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Sept. 14 - LinkedIn Launches 'Dark Mode' | Instagram is Developing a New 'Montage' Feature to Convert Stories to Reels

Tuesday, September 14, 2021

LinkedIn Shares New Insights on the Benefits of a Combined 'Brand and Demand' Approach [Infographic]; 12 Ways to Optimize Your Content Marketing Performance [Infographic]; Google Highlights

The U.N.'s Own Humanitarian Crisis

Monday, September 13, 2021

What's new today on the Cut — covering style, self, culture, and power, plus interviews, profiles, columns, and commentary from our editors. Brand Logo monday, september 13 power The UN's Own