• Thu. Oct 22nd, 2020



Here are the top finance stories of the day for September 18

Happy Friday. 

What a week. When I said things would pick up after Labor Day, I didn’t expect it to be this fast, but here we are. 

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FILE PHOTO: Traders work in the Citigroup booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 25, 2016.  REUTERS/Brendan McDermid/File Photo

FILE PHOTO: Traders work in the Citigroup booth on the floor of the NYSE in New York


There has been a lot going on at Citi over the past week. But lost in the shuffle of all the stories regarding its soon-to-be new chief executive is the fact the firm recently created a new top wealth management role in its US consumer bank. 

Rebecca Ungarino has a great piece looking at the role, who was tapped to fill it (former Bank of America wealth executive David Poole), and what it means for Citi and the broader industry. 

Click here to read the full story.

chamath palihapitiya richard branson virgin galactic ipo

Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides, and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange ahead of Virgin Galactic trading on October 28, 2019.

Brendan McDermid/Reuters

We’ve talked before about how hot SPACs are right now. But who’s getting paid? Jack Newsham has a great look at elite firms looking to get in on the action. Read the full story here.

james gorman

James Gorman, Morgan Stanley CEO

AP Photo

Here’s a scoop from me on some promotions at Morgan Stanley’s tech and operations team. The promotions are an indication of the ongoing focus Wall Street has put on cybersecurity and fraud in recent years. Read about the people moves here.

 Odd lots:

Inside Snowflake’s massive first-day stock pop and what it means for the raging direct listing vs. IPO debate (BI)

The Fauci interview: How to ‘keep your immune system working optimally,’ gather safely, and get by until summer 2022 (BI)

Citigroup Employee Who Operated QAnon Website on Leave (Bloomberg)

As Palantir gears up to go public, activist groups are rallying BlackRock — a major investor — to ask the big data company to cut its ties with ICE (BI)

Here’s what it takes to get a job at elite law firm Latham & Watkins, according to its hiring chairs and 2 top industry recruiters (BI)

Industry insiders say these are the 17 must-read books for aspiring lawyers and young attorneys (Business Insider)

All the movies that have received the dreaded 0% Rotten Tomatoes score (Insider)

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