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Insider finance: JPMorgan s tech overhaul plans

Insider finance: JPMorgan s tech overhaul plans ddefrancesco@businessinsider.com (Dan DeFrancesco,Jordan Parker Erb) © Shannon Stapleton/Reuters US stock markets hit new all-time highs this week, but were set to fall on Wall Street on Friday Shannon Stapleton/Reuters Good morning and welcome to Insider Finance. I m Dan DeFrancesco, and here s what s on the agenda today: Inside the super-secretive world of investment consultants, the powerful group that advises the biggest asset managers. JPMorgan Chase is hiring engineers to overhaul its massive deposit system. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

Here are the top finance stories of the day for February 5

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.  Steven Schonfeld and his senior management continue to grow their team. Michael Nagle/Getty From a first-ever CEO to a training program for investors, big changers are afoot at Schonfeld Strategic Advisors. We ve got the newest letter to investors that details the plans for the $6 billion hedge fund that has grown a lot since opening to outside capital five years ago. 

Robinhood gets another lifeline - Starling Bank is joining the unicorn club - Knotel files Chapter 11

Robinhood gets another lifeline - Starling Bank is joining the unicorn club - Knotel files Chapter 11 Dan DeFrancescoFeb 2, 2021, 17:22 IST Co-founder of Robinhood, Vladimir Tenev.Noam Galai/Getty Images for TechCrunch Good morning and welcome to Insider Finance. I m Dan DeFrancesco, and here s what s on the agenda today: Robinhood CEO Vlad Tenev gave Elon Musk his take on last week s drama, and the startup raised a fresh $2.4 billion to ride out the retail-trading insanity UK neobank Starling Bank could be set for a unicorn valuation with a fresh funding round led by Fidelity Knotel, the flex-space firm that once wanted to overtake WeWork, has filed for Chapter 11 bankruptcy

Here are the top finance stories of the day for February 1

Melvin Capital founder Gabe Plotkin Alex Flynn/Getty Images/Bloomberg Melvin Capital, one of the hedge funds at the center of the GameStop trading frenzy, is down 53% in January. Read more here. Steve Cohen talks at a charity gala in 2019 Dave Kotinsky/Getty Images for Lincoln Center Steve Cohen, founder of Point72 Capital and the owner of the New York Mets, deactivated his Twitter account after he said his family received threats tied to the Reddit trading frenzy. Check out the story here. Stephanie Cohen. JP Yim Goldman Sachs has grand ambitions to become the friendly bank next door. Meet Stephanie Cohen, the executive whose shoulders those aspirations largely lie upon. Read more here.

Melvin Capital s big bust - Robinhood s legal team - Steve Cohen s Twitter nightmare

Melvin Capital s big bust - Robinhood s legal team - Steve Cohen s Twitter nightmare Dan DeFrancescoFeb 1, 2021, 16:53 IST AP Photo/Seth Wenig Finance. I m Dan DeFrancesco, and here s what s on the agenda today: One of the hedge funds at the center of the GameStop trading frenzy is down big. Insiders detail the rise of Stephanie Cohen, the star Goldman executive leading its plans for Main Street. As Robinhood prepares for what could be a series of legal battles, meet the key players representing the fintech. Advertisement Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

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