Here are the top finance stories of the day for January 26


Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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Billionaire Apollo CEO Leon Black to resign after investigation reveals he paid $158 million to Jeffrey Epstein

leon black leonard



Reuters


Apollo Global Management CEO Leon Black plans to step down following an investigation into his relationship with Jeffrey Epstein. While an independent review of the relationship found Black wasn’t involved in Epstein’s criminal activities, it also uncovered $158 million in payments to Epstein and his charity.

Get the full story here.


How to land a job in the red-hot world of crypto trading and investing, according to 7 insiders from firms like Grayscale and Galaxy Digital

what it takes to get hired at crypto 4x3



TD Ameritrade; Galaxy Digital; Genesis Global Capital; Grayscale; Skye Gould/Insider


Digital currencies are back in the spotlight thanks to a spike in Bitcoin’s price to start the year.

We spoke to insiders from six different firms to understand what they are looking for when it comes to roles in trading and investing in crypto. 

Interested in getting into the world of cryptocurrency? Get some hints as to what you should focus on when applying.

Click here to read the entire story.


Here’s how PJ Solomon’s new COO is thinking about the future of dealmaking: ‘We don’t need to be in the middle of Manhattan’

Simon Upton PJ Solomon

Simon Upton is the new chief operating officer at boutique investment bank PJ Solomon.

PJ Solomon


There aren’t a lot of bright spots from the pandemic, but one potential silver lining could be a change in how investment banking is done. PJ Solomon’s new COO Simon Upton explains why the industry could improve its work-life balance as a result of changes made due to COVID-19. Read more here.


Dinakar Singh’s Axon Capital soared 74% last year. The former Goldman Sachs partner lays out the opportunities he’s eyeing in 2021.

Dinakar Singh

Axon Capital founder Dinakar Singh

Jin Lee/Bloomberg


Take a tip from a proven winner. Dinakar Singh’s Axon Capital was up 74% in 2020. Find out trends he’s eyeing in 2021. See more here. 


Paro, a startup looking to disrupt the Big 4, just tapped a former Groupon exec as CEO as it grows a marketplace for accounting and finance professionals

Anita Samojednik Headshot

Anita Samojednik, CEO of Paro

Paro, Anita Samojednik


Anita Samojednik, a former Groupon exec, just joined a startup that offers a network of remote CFOs, CPAs, and other experts for businesses looking to outsource their finance and accounting needs. Get the full rundown here.


Fintech valuations are soaring at the late stage, and one Silicon Valley VC is warning of a bubble

trader blowing bubble



HENNY RAY ABRAMS/AFP/Getty Images


As fintech valuations continue to rise, Don Butler, Thomvest Ventures managing director, thinks some sub-sectors are actually a bubble that’s about to pop. Find out more here.


Odd lots:

AMC Nets $917 Million in Financing to Ward Off Bankruptcy (WSJ)

How WallStreetBets Pushed GameStop Shares to the Moon (Bloomberg)

Thanks, Robinhood, but These Traders Now Want Professional Help (Bloomberg)

Ex-Deutsche Bank executive Colin Fan to leave SoftBank Vision Fund (FT)

SPACs are circling the media sector. Here are 11 high-profile blank-check companies to watch in 2021. (BI)

JOIN US FEB 3: Execs from Goldman Sachs, Lead Edge Capital, and Latham & Watkins reveal what’s on tap for the red-hot IPO market in 2021 (BI)

Taboola is going public via a SPAC, aiming to raise $545 million to expand its content recommendations to TV, cars, gaming and ecommerce (BI)





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