Here are the top finance stories of the day for October 7


President Donald Trump sent US markets into a nosedive Tuesday afternoon after tweeting that he was calling off negotiations with Democrats on a coronavirus relief bill until after the election. 

We’re less than a month out from the election, so it’s fair to assume things will only escalate on both sides, which could lead to a volatile October. 

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

We are also looking for nominations for our first-ever Rising Stars of Real Estate. Get all the details on how to apply here.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco


Andrei Stanescu/Getty Images

The future of office space in New York is very much up in the air, as companies reconsider their digs. But at least one segment has proved fruitful for the market: big tech.

Daniel Geiger has the scoop on IBM releasing a request for proposals to the NYC real estate market for an office as big as 500,000 square feet. IBM follows Facebook and Amazon in looking to lock up office space in New York while others contemplate exits. 

Daniel’s got some great color on what IBM’s plans for the space and what it means for the wider industry. 

Click here to read the entire story.

Lisa Donahue.

Lisa Donahue, managing director and joint global head of turnaround and restructuring at AlixPartners.

Courtesy of AlixPartners

Speaking of bright spots in bleak times, business has been booming for the bankruptcy industry. Samantha Stokes spoke to the co-leaders at AlixPartners, a restructuring-focused management consultant, about how the firm has adapted to the uptick in business. Read more here. 

Lincoln Lawyer Lionsgate


Wondering how law firms are recruiting their summer associates for next year? Yoonji Han has got you covered with a breakdown of the hiring plans for five law firms. Read more here. 

Odd lots:

Charles Schwab and TD Ameritrade’s mega-deal is complete, and branches are expected to shutter — here’s where they have the most overlap (BI)

Wall Street’s Most Exclusive Club Is Getting Smaller. The Perks Are Getting Better. (WSJ)

Former Bridgewater Co-CEO Eileen Murray Settles Pay Dispute With Hedge Fund (WSJ)

Source Article