Wednesday 9 June 2021

Credit Suisse credit traders jump to HSBC

Wall Street bull
The Wall Street bull

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

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Why General Atlantic's top healthcare dealmaker is betting on telemedicine sticking around long after the pandemic subsides

Robb Vorhoff uncropped 2019

We spoke with General Atlantic's Robbert Vorhoff, who said that tech innovation is driving growth in healthcare. Here's what else he told us.


A top exec at money manager Vanguard broke down its plans to bring 'low-cost, high-outcome' private equity funds to the average investor

Fran Kinniry

Vanguard is working to bring private equity - something that traditionally has been accessible only to the most sophisticated investors and institutions - to retail investors. Fran Kinniry explains the firm's plans.


2 legal-tech companies just filed to go public. Here's everything you need to know about Intapp and LegalZoom, and their plans for growth.

Thad Jampol Intapp

Intapp wants to ride the cloud-based SaaS wave, while LegalZoom is facing some legal concerns. These are the other key takeaways from their S-1 filings.


Revolut, a $5.5 billion fintech, is hiring an investor-relations team in a step normally taken by soon-to-IPO startups

Nik Storonsky

Hiring an investor-relations team is a step normally taken by firms wanting to go public. But insiders said the hires were, for now, about managing Revolut's growing list of private investors. More on that here.


HSBC has hired 8 traders for its credit division- including a team lift-out from from Credit Suisse - circling the wagons after a wave of defections

AP20216200597100

The bank has hired a new head of investment-grade credit trading as part of a team lift-out from Credit Suisse, according to sources familiar with the matter. Here's everything we know.


Meet the Zillow mafia: These 9 former execs are raising hundreds of millions for their own startups and taking over the real estate tech world

From left: Paul Levine, Nick Taylor, Carey Armstrong, Spencer Rascoff, Greg Schwartz, Brian Ma, and Peter Flint with Zillow's logo patterned out on a blue background

Former Zillow executives have gone on to found proptech startups such as Tomo, Pacaso, and Divvy. Check out the full list here.


Odd lots:

Inside Credit Suisse's $5.5 Billion Breakdown (WSJ)

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax (ProPublica)

Crypto Lender BlockFi in Talks to Raise Funding at $5 Billion Valuation (The Information)

Read the original article on Business Insider


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