Wall Street is losing its battle against encrypted apps like WhatsApp and WeChat as it tries to police employee communications — and even regulators are stumped

Wall Street is losing its grip on employee communications amid a proliferation of encrypted messaging apps, according to lawyers, bankers and enforcement officials.

March 28, 2019   |   View Online »

Wall Street is losing its battle against encrypted apps like WhatsApp and WeChat as it tries to police employee communications — and even regulators are stumped Dakin Campbell | Wall Street is losing its grip on employee communications amid a proliferation of encrypted messaging apps, according to lawyers, bankers and enforcement officials. Read More »

A fintech entering the crowded wealth management space just nabbed nearly $9 million in funding from the VCs that backed Venmo, Monzo and Acorns Dan DeFrancesco | Matador announced nearly $9 million in early funding and a Series A round co-led by Accel and Greycroft. Read More »

Lawmakers are set to take a critical vote that could pave the way for banks to work with marijuana companies Jeremy Berke | Banks are mostly unwilling to work with state-legal marijuana businesses over fears of federal prosecution. The SAFE Act would change that if passed. Read More »

The $17.3 billion Centene-WellCare deal has Wall Street wondering how much the health insurers will have to give up for the deal to close Lydia Ramsey | Wall Street was surprised when the deal went through, expecting Centene to be the one to be acquired by a larger health insurer. Centene fell 6% on Wednesday. Read More »

The chief market strategist at $1.4 trillion Prudential reveals the only way investors should play the market as economic data continues to confuse Marley Jay | Quincy Krosby of Prudential shares the perfect stock-trading strategy for an increasingly muddle economic landscape. Read More »

Health-insurance startup Clover Health just laid off 25% of its staff months after raising $500 million Lydia Ramsey | Clover Health on Wednesday told employees it was laying off 25% of its staff. Read More »

One expert explains why tech stocks are doomed to plunge 14% into another correction — and offers advice for traders looking to protect themselves Joe Ciolli | Julian Emanuel of BTIG says the tech-heavy Nasdaq Composite is vulnerable to a sharp downturn, but he has an idea how investors should be hedging. Read More »

WeWork reported its financials for 2018 and both its revenue — and losses — doubled Meghan Morris | The office operator backed by SoftBank saw significant international growth last year. Read More »

Careem's CEO ribbed Uber for making a rookie error in the Middle East. Now Uber's paying $3.1 billion to buy it. Graham Rapier | Careem's founder explained to Business Insider why it would be so hard for a Western company to succeed in the region. Read More »

Microsoft's head of quantum computing says that it's the most promising career path for any kids today who want to work in tech Rosalie Chan | Todd Holmdahl, corporate vice president of Microsoft Quantum, says he would advise kids to pursue quantum computing as a career. Here's why. Read More »

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