<p><img src="https://static4.businessinsider.com/image/6000acdfb80507001899531d-2400/2020-09-10T131929Z_142315555_RC2PVI9K7YK4_RTRMADP_3_CITIGROUP-CEO.JPG" border="0" alt="jane fraser citi" data-mce-source="Erin Scott/Reuters" data-mce-caption="Jane Fraser addresses Brazil-US Business Council forum in Washington, DC in March 2019."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>And so it begins. </p><p>Earnings seasons for the big US banks kicks off today. JPMorgan, Wells Fargo, and Citigroup are up first, all reporting today. Next week will be Bank of America and Goldman Sachs on Tuesday, followed by Morgan Stanley on Wednesday. </p><p>In case you missed it, we did a big preview of earnings based on conversations we had with <a href="https://www.businessinsider.com/bank-earnings-preview-citi-jpmorgan-bac-stock-buybacks-dates-calendar-2021-1">analysts</a>. <a href="https://www.businessinsider.com/bank-earnings-preview-citi-jpmorgan-bac-stock-buybacks-dates-calendar-2021-1">Check it out here</a>. </p><p><a style="font-weight: bold;" href="http://newsletter.businessinsider.com/join/4np/insider-finance">If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.</a></p><p>Like the newsletter' Hate the newsletter' Feel free to drop me a line at <a href="mailto:ddefrancesco@businessinsider.com">ddefrancesco@businessinsider.com</a> or on Twitter <a href="https://twitter.com/dandefrancesco">@DanDeFrancesco</a>. </p><hr><section><section><h2><a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">Vista Equity Partners is folding alt-data shop 7Park into another one of its portfolio companies just 2 years after buying it for $100 million</a></h2></section><section></section><p><a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1"><img src="https://static1.businessinsider.com/image/5fa04db669331a0011bc6c41-1200/hedge funds and alt data 4x3.png" border="0" alt="hedge funds and alt data 4x3" data-mce-source="Samantha Lee/Business Insider"></a></p></section><p>In late 2018, private-equity giant <a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">Vista Equity Partners</a> purchased alt-data shop 7Park Data for $100 million. The investment was a nod toward the <a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">red-hot market for alternative data</a>. </p><p><a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">Fast forward just over two years</a>, and Vista, long known for a strong track record of making stellar bets in the software space, is folding <a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">7Park into Apptio</a>, another one of its portfolio companies. </p><p>Get the full down on what went wrong to force Vista to shutter 7Park as a <a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">standalone alt-data business</a>. </p><p><a href="https://www.businessinsider.com/vista-equity-owned-alt-data-7park-being-absorbed-apptio-deal-2021-1">Click here to read the entire story.</a></p><hr><section><section><section><section><section><h2><a href="https://www.businessinsider.com/full-list-of-names-morgan-stanley-2021-managing-director-promotions-2021-1">Morgan Stanley just promoted 171 people to managing director. Here's a breakdown of the latest class.</a></h2></section><h2><a href="https://www.businessinsider.com/full-list-of-names-morgan-stanley-2021-managing-director-promotions-2021-1"><img src="https://static1.businessinsider.com/image/6000be7eb805070018995398-2400/rtx13q38.jpg" border="0" alt="james gorman" data-mce-source="REUTERS/Yuri Gripas"></a></h2><p>There are 171 people at <a href="https://www.businessinsider.com/full-list-of-names-morgan-stanley-2021-managing-director-promotions-2021-1">Morgan Stanley</a> walking with an extra pep in their step. The big bank announced its latest class of <a href="https://www.businessinsider.com/full-list-of-names-morgan-stanley-2021-managing-director-promotions-2021-1">new managing directors</a>. We've got all the numbers on the latest class. <a href="https://www.businessinsider.com/full-list-of-names-morgan-stanley-2021-managing-director-promotions-2021-1">Read more here</a>. </p><hr><h2><a href="https://www.businessinsider.com/blackrock-fourth-quarter-earnings-larry-fink-on-asset-management-regulation-2021-1">BlackRock CEO Larry Fink: The idea that money managers like us are not heavily regulated 'must be coming from bankers'</a></h2></section><section></section><p><a href="https://www.businessinsider.com/blackrock-fourth-quarter-earnings-larry-fink-on-asset-management-regulation-2021-1"><img src="https://static3.businessinsider.com/image/5f652231323fc4001e0d7411-2400/rtx17tw1.jpg" border="0" alt="larry fink" data-mce-source="REUTERS/Ruben Sprich" data-mce-caption="Chairman and Chief Executive of BlackRock Laurence Fink speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014. "></a></p></section><section></section></section><section></section></section><section></section><p><a href="https://www.businessinsider.com/blackrock-fourth-quarter-earnings-larry-fink-on-asset-management-regulation-2021-1">BlackRock's earnings call</a> took an interesting turn on Thursday, with CEO Larry Fink taking a defensive stance against questions around how asset managers are regulated. <a href="https://www.businessinsider.com/blackrock-fourth-quarter-earnings-larry-fink-on-asset-management-regulation-2021-1">Get the lowdown here</a>. </p><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><hr><section><h2><a href="https://www.businessinsider.com/marqeta-goldman-sachs-marcus-checking-account-debit-cards-fintech-2021-1">Goldman Sachs' Marcus is partnering with card issuer Marqeta for its upcoming checking accounts in another big win for the $4.3 billion startup</a></h2></section><section></section><p><a href="https://www.businessinsider.com/marqeta-goldman-sachs-marcus-checking-account-debit-cards-fintech-2021-1"><img src="https://static3.businessinsider.com/image/6000acb5a81ea100188db4e4-1350/screen shot 2019-04-01 at 4.21.13 pm.png" border="0" alt="jason gardner marqeta" data-mce-source="Web Summit/YouTube" data-mce-caption="Jason Gardner, founder & CEO of Marqeta." data-link="https://www.youtube.com/watch'v=I0j0hkTKilE"></a></p><p><a href="https://www.businessinsider.com/marqeta-goldman-sachs-marcus-checking-account-debit-cards-fintech-2021-1">Goldman Sachs' Marcus</a> has plans to roll out a checking account by the end of 2021. It just selected who it's partnering with to roll out its debit cards. <a href="https://www.businessinsider.com/marqeta-goldman-sachs-marcus-checking-account-debit-cards-fintech-2021-1">Marqeta founder and CEO Jason Gardner</a> explains how his startup won the big mandate. <a href="https://www.businessinsider.com/marqeta-goldman-sachs-marcus-checking-account-debit-cards-fintech-2021-1">Read more here</a>. </p><hr><h2><strong style="color: #222222; font-size: 15px;">Odd lots:</strong></h2></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section></section><section><section><section><section></section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><section><header id="SideTop-0-HeadComponentTitle" data-yaft-module="tdv2-applet-CommonHeader" data-reactid="3"></header><section><section><section><section><section><section><section><section><section></section><section></section><section></section><section></section><section><section><section><section><section><section><section><section><section><section><section><section></section></section><section><section><section><section><section><section><section><p><a href="https://www.businessinsider.com/who-are-startup-plaid-investors-2021-1">Fintech startup Plaid has a slew of investors who won't get paydays now that Visa's $5.3 billion deal is off. And they say they're happy about it. (BI)</a></p></section><p><a href="https://www.businessinsider.com/personal-finance/credit-karma-kenneth-lin-ceo-intuit-biggest-career-decision-billions-2021-1">I sold Credit Karma to Intuit for $8.1 billion. It was the biggest decision of my career and taught me 4 important lessons. (BI)</a></p><p><a href="https://www.bloomberg.com/news/articles/2021-01-14/winklevoss-twins-consider-taking-gemini-crypto-exchange-public'utm_content=tech&utm_source=twitter&cmpid%3D=socialflow-twitter-tech&utm_medium=social&utm_campaign=socialflow-organic&sref=5xrDvJna">Winklevoss Twins Consider Taking Gemini Crypto Exchange Public (Bloomberg)</a></p><p><a href="https://www.reuters.com/article/us-wells-fargo-assetmanagement/exclusive-wells-fargo-close-to-deal-with-buyout-firms-for-asset-management-business-sources-idUSKBN29J2AF">Exclusive: Wells Fargo close to deal with buyout firms for asset management business - sources (Reuters)</a></p><p><a href="https://www.bloomberg.com/news/articles/2021-01-14/wall-street-fumes-over-last-minute-rule-from-trump-bank-watchdog'sref=5xrDvJna">Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog (Bloomberg)</a></p><section><p><a href="https://www.businessinsider.com/morrison-foerester-big-law-associate-tiktok-influencer-cecillia-xie-education-2021-1">How a Harvard Law grad got 186,000 TikTok followers by teaching aspiring lawyers about landing a job at a big firm (BI)</a></p></section></section><section></section></section></section></section></section><section></section></section><section></section><section></section></section></section></section></section></section></section></section></section></section></section><section></section></section><section></section></section></section></section></section></section><section></section></section></section></section></section><section></section></section></section><section></section></section></section></section><section></section></section></section></section></section></section><section></section></section></section><section></section></section></section></section></section><p><a href="https://www.businessinsider.com/top-finance-stories-of-the-day-for-january-15-2021-1#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-parasite-delivered-one-of-the-best-twists-in-cinema-2020-2">What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence</a></p>
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