House-flipping iBuyers have nabbed waves of VC funding, but have only gained traction in a handful of markets. Here's how they work and what's keeping them out of places like Boston and New York.

Alex Nicoll | Phoenix is the hub of iBuyer activity, with startups like SoftBank-backed Opendoor gaining traction. The model's expansion has centered around the Sunbelt.

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A big reorg is underway in Bank of America's bond-trading division, and the global head of credit is leaving the firm. We have the memo with all the moves.

Alex Morrell | The bank is forming two units and appointing new leadership. Frank Kotsen, the global head of credit trading, is leaving the company.

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Charles Schwab pulled the plug on a nearly $100 billion program that distributed rivals' ETFs — and it's a direct result of axing trading commissions

Rebecca Ungarino,Bradley Saacks | The move underscores the tug-of-war going on between asset managers desperate to cut costs and distribution platforms racing to be the cheapest.

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Mortgage trading had its hottest year since the Great Recession, helping Wall Street investment banks blow past revenue estimates

Alex Morrell | Industry experts say Wall Street mortgage-bond trading topped $2 billion in 2019 — the largest tally in a decade and a more than 550% gain from 2018.

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Larry Fink, CEO of the world's biggest asset manager, says BlackRock's massive Aladdin platform is really just a tech startup

Bradley Saacks | Fink told analysts that he was proud Aladdin will soon top $1 billion in revenue. He cited stats that only 3% of tech startups reach that point.

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Digital-only banking is super buzzy, but consumers don't think branches are going away any time soon

Shannen Balogh | A survey of US consumers showed that the majority still think the future of banking will include at least some brick-and-mortar locations.

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The CEO of a startup that raised $40 million from Goldman Sachs without a pitch deck explained why companies should hold out on funding as long as possible

Dan DeFrancesco | George Azih told Business Insider he waited nearly 10 years before raising money to prove out the business model.

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Here's a look at how SoftBank's dotcom era investments played out — it's a crucial history lesson if you want to understand the Vision Fund

Bani Sapra,Dakin Campbell | SoftBank raised more than $1 billion for SoftBank Capital Partners in 1999 and plowed it into tech startups, including Webvan and Kozmo, before suffering a 50% failure rate.

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Even lean startups benefit from a detailed business plan. Here's a step-by-step guide to writing a winning strategy that will boost your startup's chance at success.

Dominick Reuter | Startups with a detailed business plan are statistically more likely to succeed. Here's how to write one that works for your business.

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