Swarms of bloodsucking insects mirror the volatility of the markets in this thrilling drama of financial crisisThis highly original, visually torrid take on Wall Street and last decade’s global financial crisis celebrates the true masters of the univer…
EasyJet appoints former RBS boss Stephen Hester as chair
Executive to succeed John Barton as chair of budget airline on 1 DecemberStephen Hester, the former boss of Royal Bank of Scotland, will become the chairman of easyJet at the end of the year.Hester, who most recently served as chief executive of the in…
Suing your way to the stars
Hello friends, and welcome back to Week in Review! I’m back from a very fun and rehabilitative couple weeks away from my phone, my Twitter account and the news cycle. That said, I actually really missed writing this newsletter, and while Greg did a fantastic job while I was out, I won’t be handing over […]
The Guardian view on high pay: the fat cats are still there | Editorial
Vast disparities in income may have lost some of their power to shock. But they remain a gross injusticePublic anger about the vast salaries extracted from business by the highest-paid people surfaces less often than one might expect, given highly cons…
OnlyFans’ porn ban is crypto’s opportunity of a lifetime
Today, OnlyFans dropped the massive bombshell that it will be banning “sexually explicit content” from the app later this year. This is obviously a wildly seismic shift for OnlyFans, which completely disrupted the adult content industry and gave performers a path toward greater independence by allowing them to connect directly with their fans via subscriptions. This […]
‘Taper tantrum’ by stock markets points to gaps in the easy recovery story | Nils Pratley
Cheap money, the Delta variant and China’s sluggish performance add up to tough times aheadFinancial markets these days react to any whiff of tighter monetary policy in the US, so a little drama on Thursday was par for the course after the US Federal R…
Lloyds plans big move into UK rental market with 50,000 homes
Banking group joins other high street names seeking a fresh income at a time of record low interest ratesIt is already the UK’s largest mortgage lender, and now Lloyds Banking Group aims to become one of its biggest private landlords, with a target of …
One banks $40M to offer ‘all-in-one’ financial services to the middle class
One, a startup that aims to bring “all-in-one banking” to the middle class, announced today that it has raised $40 million in a Series B round of funding. Progressive Investment Company (the insurance giant’s investment arm) led the round, which included participation from Obvious Ventures, Foundation Capital, Core Innovation Capital and others. The financing brings […]
Why fintechs are buying up legacy financial services companies
As more fintech companies find their way to higher and higher valuations in both the private and public markets, expect to see more legacy banks and lenders be gobbled up by newer entrants.
Early-stage benchmarks for young cybersecurity companies
Entrepreneurs require guideposts when building large companies, and customer and revenue expectations can be established by looking at what successful cybersecurity companies have accomplished.