LendingClub rebranding as Happen Bank is not as odd as Truist, but still don't get it. For a refresher on everything you need to know about bank names read this:
Stephen Gandel
@stephengandel
Reinforcing priors since at least 1996. @Breakingviews ex @ft @nytimes @cbsnews @bloomberg @fortunemagazine @time. On Signal. DM for contact info.
- If SBF did nothing illegal, he would not have had millions to make VC investments.If Sam Bankman-Fried did nothing illegal, he might have been the best VC in history What SBF bought vs. what it's worth today: • Cursor: ~$200K → ~$3B (+1,499,900%) • Anthropic: ~$499M → $82.3B (+16,400%) • SpaceX: ~$200M → ~$15B (+7,400%) • Solana: ~$189M → $5.1B
- DWS has Nexus Buyer aka @IntraFi marked at 99.3 cents. Financial system going down. (I think this mark is probably because it is a floating rate note. Also not financial advice.)
- The illustration on this Citywire story on Cliffwater and Blue Owl -- of course you do.
- Quick take: Mastercard is trying to hold onto half of its duopoly.Mastercard is acquiring stablecoin infrastructure company BVNK:
