Big banks, big earnings: Chase, Goldman Sachs, and Morgan Stanley scored record quarters thanks to the SPAC and IPO-palooza.
China cracks down: Alipay, Earth’s biggest financial app, will now be overseen by China’s central bank. China is also warning dozens of other tech companies to follow regulation.
Rise of "Super-apps": Singapore's Grab is going public at a ~$40B valuation, in the biggest SPAC merger ever. Grab = Uber, DoorDash, and Venmo (all in one).