Apollo CEO talks culture — Credit Suisse’s talent exodus — PayPal considers Pinterest purchase

View in browser
Insider Finance
Subscribe

Hi, and welcome to Insider Finance. This is deputy editor Meredith Mazzilli. Some news before we dive in: This is the second-to-last edition before our newsletter goes on hiatus. 

Thank you so much for reading. You can keep up with the latest scoops and inside stories in the meantime by following the team on Twitter @FinanceInsider. And check out "Insider Exclusives," our email alerts that deliver must-know intel to your inbox — you can sign up here by topic.

Insider will be in touch soon with some newsletter updates. In the meantime, please take this brief survey to help us improve our newsletters.

Now, let's get started.


Apollo CEO: "it's ultimately about having fun at this job"

Marc Rowan

Apollo's culture was brought into the spotlight during its investor-day presentations yesterday, when CEO Marc Rowan said the job "is just too hard not to have a good time." As it aims for a big growth push, the firm is changing compensation, with investment professionals getting a bigger slice of profits. Read more of Rowan's comments on Apollo's culture.


Credit Suisse's healthcare banking team is hollowed out

An illustration of a headshot of Credit Suisse CEO Thomas Gottstein

At least 11 mid- and junior-level employees — including nine directors and a number of MDs and vice presidents — have left Credit Suisse's healthcare banking team. Plus, a life sciences M&A managing director just left, marking the latest in a series of losses after the bank's Archegos scandal. More on how MD defections are creating ripple effects across the bank.


PayPal is reportedly exploring an acquisition of Pinterest 

A headshot of Pinterest CEO Ben Silbermann on the stock exchange floor in front of a sign with the pinterest logo

Pinterest soared as much as 19% on Wednesday after reports surfaced that PayPal is exploring an acquisition of the social-media company for around $39 billion. Everything we know about the potential deal.


Amex and Goldman Sachs are teaming up on a new business-payments feature

Headshot of Hari Moorthy, global head of transaction banking at Goldman Sachs

American Express and Goldman Sachs are partnering up to simplify how the world's largest companies make payments: The companies' corporate clients will now be able to pay via Amex' card network and through bank and wire payments offered by Goldman all in one place. What that means for their corporate clients.


Big Law bankruptcy lawyers are switching gears to M&A

Stock photo of two men in business suits shaking hands on the steps to a courthouse.

Advising on corporate Chapter 11 cases has always required expertise in financing negotiations, asset sales, and other dealmaking. This year, as Chapter 11 filings evaporate, Big Law restructuring attorneys are banking on those finance skills to keep their practice groups busy.


On our radar:

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

Older messages

I've worked at Ikea for 5 years, and customers have gotten so bad that I can't look at them the same anymore

Wednesday, October 20, 2021

"The supply chain is a struggle," an Ikea employee told Insider. "A customer said we didn't have anything in stock because our company is socialist." View in browser Business

Apollo tackles fintech investing — ContractPodAi pitch deck — 4-day work weeks

Wednesday, October 20, 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

Evergrande's Hong Kong unit has paid a $19 million onshore bond coupon due today, prioritizing the domestic market

Tuesday, October 19, 2021

Evergrande's flagship Hong Kong unit has paid a $19 million onshore bond coupon due Tuesday, Reuters reported. View in browser Business Insider Business Insider Business Insider Subscribe Business

D.E. Shaw's data dilemma — Bitcoin ETF trades today — Citi nabs Capital One exec

Tuesday, October 19, 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

Instagram isn't just hurting teenage girls — I'm an adult who deleted Instagram. Here's what I learned from my digital detox.

Monday, October 18, 2021

I deleted my Instagram account because I was getting addicted to Reels. Quitting Facebook's social media is hard, but possible. Here's how. View in browser Business Insider Business Insider

You Might Also Like

🤝 Amazon doubled down on AI

Thursday, March 28, 2024

China's green energy goodies are too cheap for the US | Amazon doubled down on Anthropic | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 29th in 3:12 minutes. 🌞 As

🤝 Amazon doubled down on AI

Thursday, March 28, 2024

China's green energy goodies are too cheap for the US | Amazon doubled down on Anthropic | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 29th in 3:12 minutes. 🌞 As

China’s ‘lost decade’

Thursday, March 28, 2024

Bloomberg Evening Briefing View in browser Bloomberg Ray Dalio has a warning for China. The hedge fund titan says the country should cut its debt and ease monetary policy or face “a lost decade.” China

Looking to buy a home? Good news.

Thursday, March 28, 2024

Don't miss out on lower mortgage rates ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

This woman made investing history

Thursday, March 28, 2024

And so can you. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Simple Solution Worth Billions to Walmart and Amazon

Thursday, March 28, 2024

The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. Dear Investor, In warfighting, there's a saying: "Amateurs

Markup matters: monetary policy works through aspirations

Thursday, March 28, 2024

Tim Willems and Rick van der Ploeg Since the post-Covid rise in inflation has been accompanied by strong wage growth, interactions between wage and price-setters, each wishing to attain a certain

🇯🇵 Japan's latest low

Wednesday, March 27, 2024

Visa and Mastercard cut merchants some slack | Japan's yen hit a 30-year low against the US dollar | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 28th in 3:14

‘Out of the blue’ correction

Wednesday, March 27, 2024

Bloomberg Evening Briefing View in browser Bloomberg With a number of market watchers warning of a bubble, traders are increasingly on the lookout for signs of the cliff's edge. But if you ask

🗺️ Your guide to a finance mega-trend

Wednesday, March 27, 2024

Plus, “money dysmorphia” and how to choose between a 401(k) and IRA. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌