A small corner of Wall Street trading exploded in 2019 with more than 500% revenue growth, and that's helped bring big bank bond trading back from the dead

Industry experts say Wall Street mortgage-bond trading topped $2 billion in 2019 — the largest tally in a decade and a more than 550% gain from 2018.

January 16, 2020   |   View Online »

A small corner of Wall Street trading exploded in 2019 with more than 500% revenue growth, and that's helped bring big bank bond trading back from the dead Alex Morrell | Industry experts say Wall Street mortgage-bond trading topped $2 billion in 2019 — the largest tally in a decade and a more than 550% gain from 2018. Read More »

The KKR exec heading a new $2.2 billion investing push in fast-growing tech companies says he's looking far beyond Silicon Valley because valuations there can get crazy Casey Sullivan | The head of KKR's tech, media, and telecom growth-equity unit said he's looking for investments in places like Atlanta and southern Arizona. Read More »

David Solomon just revealed how Goldman Sachs plans to change the way it makes private-equity investments with its own money – and one analyst thinks it could be a big driver of its stock price Dakin Campbell | The CEO said Goldman will be taking fewer private-equity stakes on its balance sheet to free up scarce capital and boost key profitability metrics. Read More »

Visa's new investment in a startup backed by Goldman Sachs and a16z shows how financial firms are tackling the thorny issue of third-party data sharing Shannen Balogh,Dan DeFrancesco | VGS offers a platform to store sensitive user data like medical information and credit card numbers on behalf of its customers. Read More »

The US CEO of Colliers, one of the Big 4 commercial real-estate service providers and brokerages, says tech is more of an enabler than a disruptor for the industry Alex Nicoll | "No one is buying a million-square-foot tower online," said Gil Borok, CEO and president of Colliers' US. Read More »

Tech-savvy firms like Jane Street and Millennium are improving liquidity in bond trading and forcing old-school bond desks to innovate, according to investors Dan DeFrancesco | More than two-thirds of bond investors surveyed by Greenwich Associates think non-bank dealers are improving liquidity in the market. Read More »

Fidelity is looking for an in with financial advisers by adding more model portfolios — and they're built with its own funds as well as ETFs from rival BlackRock Rebecca Ungarino | Model portfolios' total market size has swelled to some $2.7 trillion, representing 19% annual growth since 2016, according to a Broadridge report. Read More »

The full list of 130 Morgan Stanley employees who were promoted to managing director, one of the most coveted titles on Wall Street Alex Morrell | It's one of the smallest managing-director classes in years at the investment bank, which promoted 145 people in 2019 and 153 MDs in 2018. Read More »

College-savings startup U-Nest just added $1.5 million to its seed round. Its founder explains why she's hoping to one day be partnering with the type of Wall Street firm she started at. Shannen Balogh | U-Nest is a fintech that offers users the ability to set up a state-sponsored 529 college-savings plan on their phones. Read More »

Read the PowerPoint a CEO used to convince his wife he should leave his job at Salesforce to launch a new company during the Great Recession Jennifer Ortakales | Okta CEO, Todd McKinnon left his Salesforce job to start a tech company that's now worth $14 billion. Here's how he pitched the idea to his wife. Read More »

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