Brocker.Org: What you need to know on Wall Street today


Associates founder, chairman, and co-CIO Ray


Welcome to Finance Insider, Business Insider’s summary of
the top stories of the past 24 hours.

Following the 2008 mortgage crisis, the
biggest financial institutions in the country were given a light
tap on the wrist in fines and penalties. None were brought to
criminal court.

But that wasn’t the case for a small, family-owned bank tucked
inside Chinatown in New York City. A new movie
exposes the “ridiculous” case against the one bank charged after
the 2008 crisis

The Trump administration’s
plans to crack down on Wall Street are being called into

Bank of America’s CEO says a
pre-crisis idea could make it easier for millennials to buy
One of HSBC’s most senior technology
executives says that
the big bank is not far behind digital-only challenger banks when
it comes to consumers offerings
. And e
x-Barclays CEO
Bob Diamond
sold his penthouse at “the world’s most powerful address” for $50

Bridgewater Associates, the world’s largest hedge fund, told
clients that US stocks
may drop more than 10% if Trump is impeached
. Paul Singer’s
hedge fund
took a 9% stake in a health IT company
. Hedge fund
Lee Cooperman has settled with the government

Hedge funds
are moving on from the Trump trade
. Jim Chanos slammed

two pharma companies in a presentation about their “murky
 A hedge fund manager is
supporting a free masters program in financial engineering

A $100 billion
tech fund is looking to hire experts in AI, robotics and
enterprise software
. And Google
Ventures is

searching for unconventional healthcare startups to back

There’s a major
miscalculation behind the Fed’s interest rate hikes
according to Business Insider’s Pedro da Costa. Tech stocks
are on pace to do
something that hasn’t been seen since the dot-com bubble
. And
one big reason the stock market is becoming Trump-proof

China is reportedly
in talks to buy into Canada’s Boeing rival

Wall Street won’t stop beating up on Ford —
but the automaker could actually have a huge advantage when the
next downturn hits
. And an extremely rare 1967 Corvette
is up for auction —
and it could fetch $500,000

In earnings news: 

Lastly, these 10 American colleges
have minted almost 400 billionaires