Wall Street's Rising Stars — Goldman leadership reshuffle — Credit Karma's plans for income data

Today is the big day. Palantir and Asana both hit the public markets via a direct listing. In case you missed it yesterday, here's a great explainer on how direct listings work. 

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Rising stars of Wall Street

The next generation is here.

Our annual list of the top up-and-comers on Wall Street went live Tuesday. It's a great group of impressive people across hedge funds, banks, and private equity. 

Get to know these names. There is a good chance you'll keep seeing them pop up for the foreseeable future. 

Click here see the entire list of our 25 rising stars of Wall Street.

Goldman Sachs just shook up its divisions to create a new consumer and wealth-management arm that will be run by Stephanie Cohen and Tucker York

It seems fitting that precisely one day after posting our big org chart of Goldman Sachs the Wall Street titan decided to shake things up. Dakin Campbell has the scoop on the new big promotions and reshuffling. Read the full rundown here. 

$4.3 billion Marqeta is targeting a wider range of customers for its digital cards with a new 'tokenization-as-a-service' push

Touch-free ways to pay are very top-of-mind as a result of the coronavirus. Shannen Balogh spoke to the chief product officer at Marqeta about a new "tokenization-as-a-service" that will broaden the scope of companies that can use the fintech to issue digital cards. Read the story here. 

$7.1 billion Credit Karma is launching a no-fee checking account aimed at Gen Z and underbanked consumers. Two executives explain how income-related data could eventually be used to recommend loans.

Credit Karma announced the launch of a no-fee checking account. Shannen Balogh spoke to two executives at Credit Karma about how the startup might look to leverage customers' income data to make better loan recommendations. Read more here. 

Odd lots:

The hydrogen economy is set to explode into a $2.5 trillion industry. Bank of America lays out the winners and losers as the gas reaches a 'tipping point'. (BI)

CME notifies traders of COVID-19 case in eurodollar options pit: memo (Reuters)

JPMorgan Paying $920 Million to Resolve Market Manipulation Probes (WSJ)

Blank-Check Dealmakers Seek to Raise $100 Million for SPAC Fund (Bloomberg)

KPMG just axed 1,400 US jobs across tax, audit, and advisory businesses and is also cutting some workers' pay (BI)

“UKLearn more about the financial services industry


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