Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- JPMorgan’s Jamie Dimon just declared war on fintechs
- Big players like Bloomberg LP are starting to upend the alt-data landscape
- Trump is becoming an ‘untouchable client’ — here’s how law firms are turning on him
Alt data has had a volatile few years. The past six months have been particularly interesting, with big data providers like Bloomberg and FactSet pushing deeper into the space.
We spoke to executives across the industry to understand what the arrival of traditional players into alternative data means for the market.
Roblox has tapped GTS to be the designated market maker when it goes public via direct listing, in a pick that has shook up the status quo for the alternative way to go public. Read more here.
Vista-owned 7Park Data, which Insider recently reported was acquired by a Apptio, is shutting down its data feeds. See more here.
Jane Fraser, Citigroup’s soon-to-be CEO, had plenty of tough questions to field from analysts during the bank’s fourth-quarter earnings calls with analysts. Get the full rundown here.
JPMorgan CEO and chairman Jamie Dimon had some choice words for fintechs the bank might find itself coming against for clients. Find out more here.
Speaking of Dimon, he also highlighted how JPMorgan is making an international push with its commercial bank. Read more here.
Get the scoop on the latest drama surrounding Merrill Lynch Wealth Management and its training program for financial advisors. Find the full story here.
Read the full list of Morgan Stanley’s new managing directors. See more here.
Human’s beat the machines at Schonfeld this year as far as performance. Find out how here.