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Report: Digital Lender SoFi Eyes IPO Via SPAC

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Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Startups 107
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Protiviti Mulls CFOs’ Hesitancy On Data Tech

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For instance, only 20 percent of CFOs ranked RPA as a top priority, while blockchain, smart contracts and virtual currencies also failed to secure top spots on their lists. For example, 72 percent of CFOs rated their prioritization of virtual currencies to be between levels one and three.

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Transcript: Graeme Forster, Orbis Investments

Barry Ritholtz

So there are some blank numbered balls in it in order to create these billion dollar payouts. That fee on the performance that we generate for our clients, a proportion of that our performance goes into a bucket or a, or an escrow account if you like. So the 00:59:37 [Speaker Changed] Currency hedge is very helpful.

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Transcript: Edward Chancellor

Barry Ritholtz

It was completely — I felt completely blank. CHANCELLOR: They’re buying them to manipulate the currency of China, most of all. He said these people who wanted us all to have accounts with the central bank, with the central bank having an authority, just takes much of our capital weight, seem to undermine property rights.

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AI Assistants Sizzle While Wells Fargo Continues To Reinvent The Concept Of Fizzling

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As is well-known, Wells Fargo holds the distinction of being on the wrong end of the largest CFPB fine in history (~$100 million courtesy of the CFPB, plus another $85 million for the Office of the Comptroller of Currency) for creating over 2 million fraudulent accounts for customers that never asked for them. Over a period of years.

Banking 65
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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

They said at that moment they were selling crypto as it’s gonna replace fiat currency. And they put some Bitcoin on my phone and we walked into Palo Alto to the one coffee shop that accepted Bitcoin as currency. And I wondered whether I’d feel that again when I sat down before a blank computer screen. Right, right.

Math 60
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Transcript: Cliff Asness

Barry Ritholtz

Here are the ways that what I just said might have been bold blank and I could be wrong. So I definitely think you want to account for that in places like price-to-book in earnings. The first major one was that even after accounting for beta, small caps generally have higher betas. They are the hedges. RITHOLTZ: Right.