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VOICE ARCHIVE

Cate Long

@cate_long
13 posts
2025-11-15
The fintech crowd just got a hard blow from JPM: JPMorgan has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts. No more free data calls. https://www.cnbc.com/...
2025-11-15 View on X
CNBC

JPMorgan Chase secures deals with fintech middlemen, like Plaid, covering 95%+ of third-party data pulls, and will receive payment for access to customer data

JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests …

2023-03-12
US banks have ~$19.2 trillion of deposits vs ~$124 billion in the FDIC insurance fund. Let's hope the system is stable. https://twitter.com/...
2023-03-12 View on X
Bloomberg

As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality

an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...

2023-03-11
US banks have ~$19.2 trillion of deposits vs ~$124 billion in the FDIC insurance fund. Let's hope the system is stable. https://twitter.com/...
2023-03-11 View on X
Bloomberg

As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality

Programming note: Money Stuff was supposed to be off today, but: bank run!  —  SVB

2022-12-26
Alameda CEO Caroline Ellison says she and Sam Bankman-Fried knowingly misled FTX lenders: ‘I knew that it was wrong’ [Why keep doing what you know is wrong?] https://fortune.com/... https://twitter.com/...
2022-12-26 View on X
Reuters

Plea hearing court transcript: Caroline Ellison said she and Sam Bankman-Fried knowingly misled investors, lenders, and customers that Alameda borrowed from FTX

bond packages only require around 10-15% of the total amount to be paid. Teflon Tom / @agrizzi8 : This case offers an insight into the world of crypto. Rather than accidental, the ...

Alameda CEO Caroline Ellison says she and Sam Bankman-Fried knowingly misled FTX lenders: ‘I knew that it was wrong’ [Why keep doing what you know is wrong?] https://fortune.com/... https://twitter.com/...
2022-12-26 View on X
Los Angeles Times

FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz

Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …

2022-12-25
Alameda CEO Caroline Ellison says she and Sam Bankman-Fried knowingly misled FTX lenders: ‘I knew that it was wrong’ [Why keep doing what you know is wrong?] https://fortune.com/... https://twitter.com/...
2022-12-25 View on X
Reuters

Plea hearing court transcript: Caroline Ellison said she and Sam Bankman-Fried knowingly misled investors, lenders, and customers that Alameda borrowed from FTX

Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research …

2022-12-24
Alameda CEO Caroline Ellison says she and Sam Bankman-Fried knowingly misled FTX lenders: ‘I knew that it was wrong’ [Why keep doing what you know is wrong?] https://fortune.com/... https://twitter.com/...
2022-12-24 View on X
Reuters

Plea hearing court transcript: Caroline Ellison said she and Sam Bankman-Fried knowingly misled investors, lenders, and customers that Alameda borrowed from FTX

Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research …

2021-10-08
“Ireland, a low-tax country that is European headquarters to some of the largest US technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits.” Very big deal. How will Puerto Rico maintain 4% rate on CFCs? #muniland https://twitter.com/...
2021-10-08 View on X
Wall Street Journal

Ireland, where most US tech companies have their European HQ, says it will join the global agreement to set a minimum rate of 15% for taxing corporate profits

ending Ireland's 1-2% effective tax rate for some companies https://www.theguardian.com/ ... Cate Long / @cate_long : “Ireland, a low-tax country that is European headquarters to s...

2021-05-12
What is the likelihood that Robinhood ends up looking like Fidelity or E-Trade when the SEC finishes reviewing them? Aka is the gamification of investing appropriate for retail? https://www.newyorker.com/... https://twitter.com/...
2021-05-12 View on X
New Yorker

Profile of Robinhood, whose goal of democratizing finance stems from the Occupy Wall Street movement, as critics fear the app will only reinforce the wealth gap

and a decent look at the morality of ‘payment-for-order-flow.’ (via @sheelahk) https://www.newyorker.com/... https://twitter.com/... Anupam Gupta / @b50 : In depth long read into R...

2020-08-14
China said it would expand a pilot program for its digital currency to include a number of large cities. Central banks have exhausted the bank mediation channel with rates in zero lower bound & central bank digital currencies are a powerful new tool https://www.wsj.com/...
2020-08-14 View on X
Wall Street Journal

China says it will expand a pilot program of its digital currency, led by its central bank People's Bank of China, to include a number of large cities

Testing efforts are being led by the People's Bank of China  —  HONG KONG—China's Commerce Ministry said it would expand a pilot program …

2020-05-28
“Republicans have invested far more steadily as of late than have Democrats in the data that powers modern campaigns.” Silicon Valley billionaires cueing up to leverage tech to prop up @JoeBiden. https://www.vox.com/...
2020-05-28 View on X
Vox

Overview of major efforts by Reid Hoffman, Eric Schmidt, Dustin Moskovitz, and Laurene Powell Jobs to boost Joe Biden's chances in the upcoming election

Eric Schmidt's data play, STAC Labs, is run by Martha Laning, the former head of the Wisconsin Democratic Party. #wipolitics https://twitter.com/... Cate Long / @cate_long : “Repub...

2020-04-10
@misyrlena @LJKawa @EricNewcomer Biden likely plans to do most of his fundraising in Silicon Valley. He can't afford to rile them.
2020-04-10 View on X
VentureBeat

Facebook begins rolling out “Quiet Mode” app feature that mutes most notifications and helps schedule breaks; coming to iOS in April and Android in May

Facebook is rolling out a new feature today that allows users to mute all notifications from the social network.

2020-02-09
“Foxconn's delayed return to work will be a warning sign to other electronics suppliers, as the Taiwanese manufacturing giant has been taking aggressive steps to prevent the spread of the virus.” Major supplier of 🍎will remain shut due to #coronavirus. https://asia.nikkei.com/...
2020-02-09 View on X
The Verge

A roundup of the coronavirus outbreak's impact on the tech sector, from closures of offices, stores, and factories in China to affecting MWC attendance

The outbreak shows that what impacts China impacts everything  —  The tech sector is currently feeling the impact of the coronavirus …