Yuya Shino/Reuters Softbank CEO Masayoshi Son Japanese tech and telecom giant SoftBank has hired Colin Fan, a former head of investment banking and trading at Deutsche Bank, Bloomberg News’ Stephanie Baker reports.  The Hong Kong-born banker joined Deutsche Bank as a credit trader in 1998. Over 19 years, Fan rose through the ranks, eventually being named co-head of the firm’s […]

Reuters/Mark Blinch A Bitcoin sign is seen in a window in Toronto. Wall Street is convinced that blockchain is set to radically transform the world of finance. But exactly how and when that transformation will transpire is uncertain.  Blockchain, which gained notoriety as the technology behind the cryptocurrency bitcoin, is thought to have the potential to improve numerous businesses including banking, […]

JPMorgan Chase JPMorgan Chase revealed its newest rewards card, the Chase Sapphire Reserve, last summer.  It came complete with a $ 450 annual fee and a bevy of benefits, including an unheard-of 100,000-point sign-up bonus worth about $ 1,500 in travel credit. Suffice to say, the card was hugely popular. It even made the front cover […]

A Goldman Sachs executive considered a potential candidate to succeed CEO Lloyd Blankfein on Monday said he is retiring from the firm. Michael Sherwood, a vice chairman and co-CEO of Goldman Sachs International, decided to retire after 30 years at the firm, according to an internal memo. In case his departure raises any questions about who might eventually take […]

Bizuayehu Tesfaye/AP Images for Faraday Future Faraday Future executives and Nevada state officials at the start-up’s groundbreaking ceremony for its Nevada factory. Faraday Future owes a $ 21 million deposit to an escrow account to cover costs for its Nevada factory, Automotive News first reported. Construction company AECOM wrote in an Oct. 10 letter obtained by […]

Ben Moshinsky/Business Insider Hatton Garden has centuries of history as one of the main centres of the global diamond business. But, squeezed by rising rents and falling profit margins, the street and the businesses that make it are both under threat. Online jewellery shopping is rising in popularity, and savvier consumers are finding better deals elsewhere. […]

Thomson Reuters Sanjay Valvani departs federal court after a hearing following his arrest in New York. About a year before Sanjay Valvani’s wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading. Valvani drove profits at Visium Asset Management, an $ 8 billion New York hedge fund that […]

Business Insider/Corey Protin Uber is letting people experience its self-driving car for the first time starting Wednesday. The popular ride-hailing service is letting a select few people hail Uber’s self-driving car as part of a Pittsburgh, Pennsylvania pilot. The cars can only drive in certain locations, like downtown Pittsburgh and the Shadyside neighborhood. Those in the […]

Courtesy of Poseidon Asset Management, Emily Paxhia Siblings Emily and Morgan Paxhia When Morgan and Emily Paxhia lost their father to cancer in 1996, the world was a different place. “It was a rough end-of-life, as with any cancer,” Emily told Business Insider over the phone. Their father was taking a “litany of medications” simply to remain […]