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Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks

iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus.Courtesy: Goldman SachsA Goldman Sachs executive known for securing some of the industry's biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned.Scott Young, who was chief commercial officer of Goldman's

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Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022.Source: NYSEGrayscale, the asset manager running the world's largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF,

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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

Europe's fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks.Oscar Wong | Moment | Getty ImagesLONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business.The company,

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Goldman executive who helped create Marcus brand leaves for real estate investing start-up Cadre

Dustin Cohn, chief marketing office of CadreSource: CadreGoldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has learned.The departure of Cohn, who is credited with helping name the firm's consumer division Marcus in 2016, is the latest in

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Gold House launches $30 million fund to invest in entrepreneurs of Asian descent

Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments."I saw the decisionmaking and how it differed between the people that were check-writers at

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Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets

Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional SolutionsSource: Morgan StanleyAfter making inroads managing money for the merely wealthy, Morgan Stanley is setting its sights on the richest of the rich — family offices with tens of billions of dollars in

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Goldman Sachs is betting that you’ll want a $10,000 home improvement loan from the investment bank

David Zalik, founder and CEO of GreenSky.Chris Hamilton | GreenSkyGoldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into the finances of ordinary Americans.The bank expects to add one million customers a year to its budding Marcus

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Sequoia leads $80 million funding round for Swiss expense management start-up Yokoy

Sequoia Capital is betting the next European tech giant will emerge in Switzerland.The Silicon Valley venture capital firm told CNBC that it led an $80 million funding round for Yokoy, a platform that helps large companies manage their expenses, invoicing and credit card processing. Previous investors Left Lane and

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Apple buys UK fintech start-up Credit Kudos

Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022.Mike Segar | ReutersLONDON — Apple has acquired British fintech start-up Credit Kudos, a person familiar with the matter told

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Crypto investor Katie Haun raises $1.5 billion, the largest debut fund ever by a female VC

Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process.Haun Ventures' kickoff marks the largest debut venture fund ever raised by a solo female founding partner, according to Pitchbook. Former investment banker Mary Meeker held the

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