Big IPO-like spikes, clients being favored over others, and the potential for unfair Wall Street profits. This certainly sounds like another manipulated market.
FORTUNE -- Wall Street may have a new debt problem.
Late last week, Goldman Sachs (GS) disclosed that regulators are probing how it allocates and trades bonds. Citigroup (C) is reportedly in regulators' crosshairs as well, along with the rest of Wall Street. At issue is how banks decide MOREStephen Gandel, senior editor - Mar 6, 2014 5:00 AM ET
Stealthy payment startup hires former Twitter designer.
FORTUNE -- Last month I wrote about stealth payment start-up Clinkle, and the disconnect between its Silicon Valley reputation (a well-funded joke) and its successful recruiting of big-name executives. In short, if Clinkle is so bad, then how does it keep hiring good people?
One response I heard a lot was that my argument's focus was on C-suite hires, rather than product/engineering hires.
Well, today Clinkle MOREDan Primack - Mar 5, 2014 4:17 PM ET
Sequoia Capital may have been the only VC firm in WhatsApp, but that wasn't for lack of other interest.
FORTUNE -- Oh, what could have been.
When Facebook (FB) last month agreed to buy mobile messaging company WhatsApp for approximately $19 billion, many of us noted how the deal helped solidify Sequoia Capital as the world's top venture capital firm. Not only was this the largest sale ever of a VC-backed company, MOREDan Primack - Mar 5, 2014 2:46 PM ET
Immigration boosts economic growth and makes inequality more bearable.
FORTUNE -- As the 2014 midterm elections draw nearer, the issue of immigration reform will be used as a wedge to pressure vulnerable Republicans into either angering their base and supporting reform, or alienating key demographics.
The politics of immigration are complicated, as are the economics. Researchers are split over whether immigration brings down the wages of low-skilled workers in the U.S. But MOREChristopher Matthews - Mar 5, 2014 1:34 PM ET
After 20 years, Ed Anderson and Rich D'Amore to turn over the reins.
FORTUNE -- Ed Anderson and Rich D'Amore will not be listed as general partners on the next fund raised by North Bridge Venture Partners, the VC firm they co-founded 20 years ago, Fortune has learned. Also stepping back will be Jeff McCarthy, who has been a partner with NBVP since 1998.
North Bridge Venture Partners was once considered a MOREDan Primack - Mar 5, 2014 1:00 PM ET
Private equity firms now have more than $1 trillion of available capital. Expect more deals at higher prices.
FORTUNE -- Private equity firms were sitting on more than $1 trillion in available capital at the end of 2013, according to a new report from Bain & Company.
Not only is this an increase from year-end 2012 ($941 billion), but also is the largest "dry powder" figure in the history of Bain MOREDan Primack - Mar 5, 2014 11:29 AM ET
To get deals in your inbox each morning, sign up for our Term Sheet newsletterVenture Capital Deals
ServiceMax Inc., a Pleasanton, Calif.-based provider of field service management solutions, has raised $71 million in Series E funding. Meritech Capital led the round, and was joined by Kleiner Perkins Caufield & Byers, Cross Creek Advisors, QuestMark Partners, Sozo Ventures and return backers Emergence Capital Partners, Mayfield Fund, Trinity Ventures, Crosslink Capital, Adams Street Partners and salesforce.com. www.servicemax.com
Auction.com, an MOREDan Primack - Mar 5, 2014 10:56 AM ET
U.S. Congressman Dave Camp's tax reform plan could tighten a 1993 law that opened the floodgates.
By Steven Clifford
FORTUNE – As part of an effort to revamp America's complex tax code, U.S. Congressman Dave Camp last week proposed to curb CEO pay by tightening a tax giveaway created in the 1990s. Perhaps unexpected for a Republican, Camp's plan would raise $12.1 billion in taxes over 10 years by prohibiting U.S. companies MOREMar 5, 2014 10:43 AM ET
The social network is growing through acquisitions. But investors may want to take a second look at how they are valuing that growth.
By Lauren Silva Laughlin
FORTUNE -- Is Facebook overvalued? The social network's shareholders have fared well since the company went public in mid-2012. Shares are up more than 80% since its IPO and have climbed steadily over the last six months. But investors have paused since Mark Zuckerberg, MOREMar 5, 2014 5:00 AM ET
Moelis may be a champion for the boutique bank, but when it comes to his IPO, he's seeking guidance from the big guys.
By Lauren Silva Laughlin
FORTUNE -- Potential clients of Ken Moelis's eponymous investment bank needn't look any further than the cover of the prospectus for the firm's initial public offering to see the limits of independent advisory firms. Moelis has chosen two very familiar -- and large -- MOREMar 4, 2014 5:24 PM ET
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