Wall Street banks have seen electronic trading chip away at their control of the corporate bond market. Now they're fighting back.

Five of the largest US corporate bonds dealers are working to electronically trade with clients directly, potentially circumventing electronic venues.

May 10, 2019   |   View Online »

Wall Street banks have seen electronic trading chip away at their control of the corporate bond market. Now they're fighting back. Dan DeFrancesco | Five of the largest US corporate bonds dealers are working to electronically trade with clients directly, potentially circumventing electronic venues. Read More »

PayPal's CFO believes AI can save the company $25 million a year by automating one area of customer service Dan DeFrancesco | John Rainey, PayPal's CFO, wants to improve the payments company's ability to automate customer inquiries. Read More »

CBD companies were courted hard by a unit of US Bank — but they got ghosted despite having a 100% legal business Jeremy Berke | Elavon, a payment processor that's a subsidiary of US Bank, courted CBD clients through middlemen and dropped them months later. Read More »

Hedge-fund investors are getting excited about the possibilities of machine learning. There's a good chance they don't understand it. Bradley Saacks | A cofounder of one of the oldest machine-learning funds said the assumption investors make about machine-learning is that it "can solve any data-rich problem, which is far from being the case." Read More »

Angelo Mozilo, the former CEO of Countrywide who was widely blamed for the housing crisis, says banks should get back into mortgage lending Bradley Saacks | Mozilo, who helped create and popularize the subprime mortgage, led Countrywide before its sale to Bank of America for $40 billion. Read More »

An investment chief overseeing $100 billion at Pimco says beware of the 'riskiest corporate market we've ever had' — and offers these strategies for surviving the next recession Joe Ciolli | Scott Mather, the CIO of US core strategies at Pimco, explains how investors should be positioned so they're not blindsided by the next recession. Read More »

A business manager for Hollywood celebrities and billionaires explains why fake meat is the next big investing trend for the ultrarich Marley Jay | Michael Brown, a business manager for celebrities and billionaires, says clients wanted fake-meat investments even before Beyond Meat went public. Read More »

Canopy Growth's CEO is pushing back against activist investors and says there's a 'like 0%' chance the landmark Acreage Holdings deal doesn't go through Jeremy Berke,Bradley Saacks | Activist hedge fund Marcato Capital Management called the deal 'lopsided' in Canopy's favor, and plans to vote against the deal in June. Read More »

Buy Amazon and Google, sell Apple and Exxon: Here's an in-depth look at Goldman Sachs' newly unveiled strategy for fighting the trade war Joe Ciolli | The focal point of Goldman's newly unveiled trade-war strategy is the division of the S&P 500 into two groups: service providers and goods producers. Read More »

Here's the letter the $600 million healthcare startup uBiome sent to reassure investors after it was raided by the FBI Lydia Ramsey | Interim CEO John Rakow is focused on "restoring the company's credibility," including "the integrity of uBiome's leadership and billing practices." Read More »

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