Reuters
Happy Friday!
The weekend is finally here. Regardless of who you are — or who you support — I think we could all use it.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
‘We must listen and learn from each other — no matter what side of the aisle.‘
Michael Kovac/Getty Images
JPMorgan’s Jamie Dimon preached patience. Goldman Sachs’ David Solomon wants unity.
That was part of the sentiment from Solomon’s message to staff Wednesday night.
Reed Alexander and Dakin Campbell have the full transcript from the audio message that Solomon, Goldman Sachs’ CEO, sent to the banks entire workforce.
«I know that many of our people are anxious for the election results, and that everyone in the country — and frankly, everyone around the world — is craving clarity,» Solomon said, according to the transcript.
Click here to read the entire transcript.
The DOJ’s lawsuit to block the Visa-Plaid deal just revealed a new payments product the data aggregator was working on to compete with the card network
Plaid
The Department of Justice filed an antitrust lawsuit against Visa for its planned acquisition of Plaid. Shannen Balogh with a nice look at how the suit reveals plans for a new product out of Plaid. Read more here.
The DOJ’s antitrust lawsuit over Visa’s $5 billion Plaid deal could put fintech M&A through a ‘cold shower’
AP Images
Speaking of said suit, Jack Newsham and Yoonji Han got perspective from lawyers and fintechs experts about what it means for the industry. Read more here.
Flex-workspace firm Breather has hired bankers to explore options including a sale, and it’s a sign of a bigger consolidation push as office demand tanks
Bryan Murphy
Great scoop from Daniel Geiger on flex-workspace Breather’s plans to explore a potential sale. Get all the deets, along with what it means for the industry. Read more here.
A startup that’s embedding digital banking for small businesses into services like Shopify and Fundera used this pitch deck to nab $12 million
Wise
Pitch deck alert! Check out the deck used by Wise, a business banking-as-a-service platform, to raise a $12 million Series A. See the the whole deck here.
Venture arms of Salesforce and other companies are making a record number of investments in construction-tech startups
Thomson Reuters
Alex Nicoll with a nice look at a recent study detailing the rise in investments made into construction tech. Get all the details on why the space is red hot. Read more here.
Odd lots:
Morgan Stanley’s top quant explains why quant life is hard (eFinanicalCareers)
U.S. Head of SPACs Sees Investors Hitting Their Limits (Bloomberg)
In Memory Of Eli Hoffmann, Our COO And Editor-In-Chief (Seeking Alpha)