Rogo raised its latest round at a valuation that pushed the company past $2 billion. The pitch, repeated across every piece of coverage, was simple: banks run leaner. Fewer juniors needed. The model-building, comp-pulling, deck-formatting grunt work that used to...
Lazard just did something that’s easy to read the wrong way. Read as a standalone story, an 80-plus managing director reduction alongside a 91% drop in quarterly net income looks like trouble. Read in context — a record dealmaking market, a firm mid-turnaround,...
JPMorgan Chase’s decision to roll out artificial intelligence tools across its global investment banking operations is the latest and most visible signal that AI has moved from experiment to infrastructure on Wall Street. But to understand what’s really...
Why AI will make investment bankers more efficient — not redundant — and what that means for how they get paid Introduction: A Philosophy Built in the MIT AI Lab Dave Blundin is a serial entrepreneur, MIT-trained artificial intelligence pioneer, and the Founder and...
Blue Owl Capital: Private Credit's Reckoning Moment ℹ Blue Owl stock under pressure, down ~60% from Jan 2025 peak · Blackstone reports elevated withdrawal requests from lending fund · Hedge fund Rubric Capital warns of asset-liability stress in private credit · ...
The narrative coming out of bank earnings this week isn’t about weakness in investment banking—it’s about where the strength concentrated. JPMorgan’s 5% year-over-year decline in fourth-quarter investment banking fees caught the headlines and sent...
