Rebecca Ungarino
Business Insider
New York, United States
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Past articles by Rebecca:
How the banking crisis has emboldened BlackRock to seek out a major deal
"We are asking ourselves to reimagine BlackRock," Larry Fink, the firm's CEO, told analysts on Friday as he expressed an openness to large deals. → Read More
How shadow bankers are already emerging as winners in the SVB collapse
Private-equity firms and other non-bank lenders that make up the shadow-banking world are evaluating opportunities as traditional banks draw scrutiny. → Read More
Job cuts, a sole CEO, and AI bets: How Bridgewater is shaking itself up after the Ray Dalio era
The hedge fund giant Bridgewater said in a memo to employees on Wednesday that it would restructure, invest in new businesses, and lay off employees. → Read More
BlackRock just sold its robo-advisor to the wealth firm Ritholtz Wealth Management
BlackRock bought FutureAdvisor, then a wealth management startup backed by venture capital firm Sequoia Capital, in 2015. → Read More
Betterment is laying off 28 employees as inflation and market volatility hit the digital wealth firm
Betterment CEO Sarah Levy told employees on Wednesday that the company was laying off staff and closing its Philadelphia office. → Read More
Larry Fink has a new chief of staff, an under-the-radar position that's become a powerful post at BlackRock
Past chiefs of staff to Fink have gone on to the Biden administration and other influential areas across BlackRock, the world's largest asset manager. → Read More
What Carlyle wants from incoming CEO Harvey Schwartz: Fix the firm's lagging stock price as it faces a sour market
Schwartz, a former Goldman exec, will face challenges, including a stock price that's trailed that of its rivals and a tough fundraising environment. → Read More
$6 billion fintech iCapital is making 100 new tech hires despite sweeping layoffs and hiring freezes across Wall Street
iCapital, an alternative investments fintech, is hiring 100 new employees for its tech department at its New York, Greenwich, and Lisbon offices. → Read More
BlackRock's mighty tech unit is a silver lining in an awful market. But competition and a recession could test its momentum.
As firms tighten their spending and more technology competitors take a page from BlackRock's playbook, Aladdin's momentum faces a test. → Read More
Blackstone's real-estate strategy, laid out in a leaked transcript, sets the stage for tenant battles over evictions and rising rents
Blackstone is playing defense as analysts, investors, and, now, its own tenants are scrutinizing its powerful real-estate division. → Read More
Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
Concerns are being raised about Tiger Global's work culture, particularly around the actions of partner Scott Shleifer. → Read More
BlackRock is cutting up to 500 jobs as the market turndown hits the world's largest money manager
As the market downturn roils Wall Street, BlackRock is carrying out its first round of layoffs since early 2019. Employees have been on edge for days. → Read More
Why Blackstone's bet on small investors faces pressure
Blackstone shares tumbled on Thursday after the firm posted a letter limiting redemptions from its $69 billion real-estate fund aimed at individuals. → Read More
Larry Finks expects VCs to rethink how they invest as firms — including BlackRock — face criticism over backing FTX
BlackRock CEO Larry Fink also said on Wednesday that he expects young companies geared toward the environment to grab more investor dollars. → Read More
Life after FTX: How Wall Street firms are thinking about their crypto plans in the wake of the exchange's blowup
Finance firms have built crypto teams and inked partnerships, but all of that is thrown into flux as the FTX fallout sows fresh doubt on Wall Street. → Read More
Wall Street pushed into digital assets. Now investors are paying the price as FTX's crisis raises questions of a ripple effect in cryptoworld.
BlackRock invested. Ontario Teachers, among the largest pension plans, invested. The FTX crisis has led to industry concerns of a spillover effect. → Read More
Behind BlackRock's long road to embrace crypto, from internal employee forums to inking big deals
One defining theme for BlackRock in 2022 has been its public push into digital assets. Insider charted the firm's evolution around the space. → Read More
Overwhelming workloads, back-to-office complaints, and frustrations over pay: Why Merrill Lynch's support staff is leaving
Bank of America's Merrill Lynch wealth-management arm says it values client associates. But many feel burned out, sources tell Insider. → Read More
Blackstone is doubling down on the big business of private credit in a bleak market for banks
Blackstone is doubling down on private credit. The asset class has grown as private firms, rich with cash, pounce on lending opportunities. → Read More
Why top Bridgewater, Apollo, and Ares investors are preparing for when, not if, a recession hits
Apollo's co-president said he doesn't expect a downturn "as deep and nasty" as 2008, and a top Ares executive expects credit market defaults to rise. → Read More