Italy’s Renzi May Seek New Finance Minister to Back Conte

Lewis Naylor

(Bloomberg) — Former Italian Premier Matteo Renzi is pushing for Finance Minister Roberto Gualtieri to be replaced as part of an attempt to forge a new coalition government led by Prime Minister Giuseppe Conte, according to people familiar with the talks.

Renzi brought down the Conte-led government by pulling out of the coalition earlier this month. The move ultimately forced Conte to resign because he didn’t have a majority in the Senate. But Conte is trying to convince President Sergio Mattarella, the head of state responsible for the next steps, that he can pull together a new administration.

Conte

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Could CDFIs Be One Way To Finance Economic Justice?

Lewis Naylor

Profit-driven investing has often fueled extractive capitalism, damaging the environment and harming marginalized communities. Impact investing is so named because it has infused positive social and environmental impact alongside financial returns. To advance economic justice, the investment community as a whole, including venture capital and major banks, must change the way it invests, which currently leaves out people of color in huge margins. Federally certified Community Development Financial Institutions (CDFIs) can help investors direct

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Elizabeth Warren to join Senate Finance Committee, responsible for tax legislation

Lewis Naylor

(Bloomberg) — Senator Elizabeth Warren will join the Senate Finance Committee, an A-list Senate panel that oversees tax, trade and health care legislation, she announced on Tuesday.

The appointment will give Warren more ability to exercise influence over tax increases — a key priority for President

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‘I am a supporter of bitcoin’

Lewis Naylor

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

Elon Musk is doubling down on his flirtation with bitcoin.

Early Friday, the billionaire Tesla boss added the hashtag #bitcoin to his Twitter bio, in a move that helped to briefly push up the price of the cryptocurrency by as much as 20{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}.

In a discussion on the popular Clubhouse audio chat app late Sunday (Pacific time), Musk confirmed he was a supporter of bitcoin.

“I’ve

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Robinhood’s bid to ‘democratise finance’ collides with Wall St reality

Lewis Naylor

Robinhood’s ambition to “democratise finance” is set for one of its biggest tests after a week of chaotic trading that pushed it to seek an urgent injection of $1bn and infuriated many of its most loyal clients.

The tumult has exposed the competing priorities the popular trading app faces between pleasing its users and the realities of operating in the heavily regulated financial industry.

The battle between individual investors and Wall Street hedge funds that reached a peak last Thursday sent shockwaves through the Silicon Valley company that has come to exemplify the new breed of organised groups of day

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Seyna is building an insurance-as-a-service startup for the French market

Lewis Naylor

French startup Seyna is getting a new CEO. Stephen Leguillon is joining the company as chief executive while Philippe Mangematin is stepping back from day-to-day activities for personal reasons — he’ll become honorary chairman.

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If you’re not familiar with the company, Seyna is an insurtech startup that has obtained an insurance license focused on property and casualty. This is a significant move as the French regulator (ACPR) hasn’t handed out a new license in this category since 1983.

The company’s go-to-market strategy is also interesting as it doesn’t sell insurance products to consumers directly. Instead, the company is

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