Home > Technology > Here are the top finance stories of the day for January 19

Here are the top finance stories of the day for January 19


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 

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

uses of alt data 4x3

Samantha Lee/Business Insider

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.

Click here to read the entire story.

Roblox CEO David Baszucki

David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California.

Ian Tuttle/Getty Images

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.

Alternative data

Alternative data’s use is exploding, and so too are worries about a regulatory crackdown

Shayanne Gal/Business Insider

Vista-owned 7Park Data, which Insider recently reported was acquired by a Apptio, is shutting down its data feeds. See more here

jane fraser

Jane Fraser

Julian Restrepo/Citigroup via AP

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.

jamie dimon

Jamie Dimon

REUTERS/Yuri Gripas

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.

JPMorgan CEO Jamie Dimon.

JPMorgan CEO Jamie Dimon.

AP Images

Speaking of Dimon, he also highlighted how JPMorgan is making an international push with its commercial bank. Read more here.

Brian Moynihan

REUTERS/Robert Galbraith

Get the scoop on the latest drama surrounding Merrill Lynch Wealth Management and its training program for financial advisors. Find the full story here.

james gorman

REUTERS/Yuri Gripas

Read the full list of Morgan Stanley’s new managing directors. See more here.

Steven Schonfeld, Ryan Tolkin, Andrew Fishman

Steven Schonfeld and his senior management continue to grow their team.

Michael Nagle/Getty

Human’s beat the machines at Schonfeld this year as far as performance. Find out how here.

Odd lots:

Trump is becoming an ‘untouchable client.’ Here’s how law firms are turning on the president, from calling for his removal to dumping his business. (BI)

A Boies Schiller lawyer who’s a son of one of the elite law firm’s cofounders was arrested on a domestic violence charge (BI)

SCOOP: Thieves stole $31K from an Alabama-based bank’s political committee that gives to Republicans and Democrats (BI)

Cryptocurrency salaries revealed: From $60,000 to $400,000, here’s how much you could earn working in crypto — and actual job listings at Coinbase, Facebook, PayPal, and more. (BI)

The DOJ’s decision to block Plaid’s $5.3 billion deal with Visa was a shocking ‘shift’ by regulators, VCs say. But 2021 will still be a good year. (BI)

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