Here are the top finance stories of the day for November 4


No clear leader has emerged in the presidential race, as votes continue to be counted in key states. However, that didn’t stop President Donald Trump from falsely declaring victory early Wednesday morning. 

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at or on Twitter @DanDeFrancesco

Samantha Lee/Business Insider

The battle lines are being drawn on the future of customer data.

Shannen Balogh has a great look on the state of data-sharing between banks, fintechs, and the data aggregators stuck in the middle. 

With regulators announcing plans for new rules around data sharing, Shannen spoke to industry insiders from Plaid and Yodlee to understand what’s at stake. 

Click here to read the entire story.

citadel ken griffin 4x3

Larry Busacca/Getty; Shayanne Gal/Business Insider

Citadel, the $35 billion hedge fund, turned 30! Read the memo billionaire Ken Griffin sent to employees about the anniversary. Check out the full memo here. 

cove.tool founders Sandeep Ahuja, Patrick Chopson and Daniel Chopson

cove.tool cofounders Daniel Chopson, Sandeep Ahuja, Patrick Chopson


Pitch deck alert! Alex Nicoll has the deck for Cove.tool, a software company that analyzes the energy efficiency of a building’s design. Here’s the deck it used to raise a $5.7 million Series A. Check out the deck here. 

Domm Holland Fast

Domm Holland, co-founder and CEO of Fast.


Speaking of pitch decks, here’s another one. On Monday, The Information reported Fast is in discussions for a new round of financing between $50 million and $200 million at a valuation as high as $1 billion. Here is the full deck it used for its most recent round, a $20 million Series A in March. 

Odd lots:

JPMorgan’s Kolanovic Accuses Colleagues of Political Bias (Bloomberg)

Come for the Desk, Stay for the Pool (WSJ)

Government-focused consulting firm Booz Allen is hiring ‘aggressively’ and has doubled its acquisition war chest (BI)

Oaktree, Reef Technology Launch $300 Million Property Fund (Bloomberg)

The exam software company that law grads say botched the online October bar is raking in $2 million in fees and could earn even more in February (BI)

Exclusive: Tired of Trump, Deutsche Bank games ways to sever ties with the president – sources (Reuters)

‘Big 4’ firm KPMG just settled with California after admitting that it ‘cheated’ — and it reveals how firms are struggling to self-regulate their auditing practices (BI)

JPMorgan warns of another potential regulatory fine tied to weak ‘internal controls’ at bank (CNBC)

Source link


Please enter your comment!
Please enter your name here