Bank of America has landed a slew of senior dealmakers and is planning more hires to win over rich families and sovereign wealth funds

The firm has hired nearly two dozen senior investment bankers globally this year, according to people familiar with the matter.

July 03, 2019   |   View Online »

Bank of America has landed a slew of senior dealmakers and is planning more hires to win over rich families and sovereign wealth funds Alex Morrell | The firm has hired nearly two dozen senior investment bankers globally this year, according to people familiar with the matter. Read More »

Private-equity giant Carlyle just used an unusual approach to clinch a big-time music deal with Rascal Flatts and Taylor Swift Casey Sullivan | Music labels are attractive to private equity because of their long-term cash flows. A hit song from the 1950s can generate profits so long as consumers continue to tune in. Read More »

Millennials aren't buying homes because of the $1.6 trillion in student-loan debt, but some experts aren't convinced debt cancellation plans will fix the problem Alex Nicoll | Student-debt-cancellation plans could increase homeownership but also eventually lead to a rise in interest rates. Read More »

The 'Oracle of Tampa' explains why he avoids private equity in favor of stocks and bonds — even though the strategy has raised some red flags Meghan Morris | A Florida pension has been managed for nearly 50 years by Harold Bowen and then his son, Jay. Unlike most managers, they don't invest in alternatives. Read More »

The inside story of how Robinhood, a $6 billion investing app for millennials, blew a huge launch so badly that Congress got involved Nick Bastone,Dan DeFrancesco | Robinhood, the $6 billion stock-trading app aimed at millennials, told users its new checking and savings accounts were insured. They weren't. Read More »

The marketing head of $461 billion John Hancock says Google and Amazon may disrupt consumer finance, leading to a 'real wakeup call' for the industry Meghan Morris | If finance companies don't make their customer experiences easier, they're going to lose to startups and big tech companies, said Barbara Goose. Read More »

A critical recession indicator is dangerously close to a threshold that's signaled every meltdown since 1960, Morgan Stanley warns Christopher Competiello | Morgan Stanley sees the US economy entering a recession in the next 12 months, as their go-to indicator teeters dangerously towards a key threshold. Read More »

Big hospital systems are borrowing an 80-year-old idea to keep patients healthy and cut costs, and it could be the future of healthcare Lydia Ramsey | Health systems like Geisinger and Intermountain are emphasizing primary care as they move to a model that could keep patients healthier. Read More »

A former AOL exec says taking someone else's startup idea might sound like cheating, but it's exactly how the most successful founders work Shana Lebowitz,Sherin Shibu | AOL achieved tremendous success by picking up where other internet startups had left off, writes former AOL exec Jean Case in "Be Fearless." Read More »

Netflix could drastically cut its cash burn with a Spotify-like model that includes an ad-supported free tier Ashley Rodriguez | The streaming-video giant has repeatedly said it will not introduce advertising. But ads could be a lucrative source of revenue. Read More »

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