Goldman's Eric Lane retires — AllianceBernstein wants in on more SPACs — Goldman restarts crypto trading desk

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

• Eric Lane, a 25-year veteran of Goldman Sachs and one of its most senior leaders, is jumping ship.
• AllianceBernstein CFO Ali Dibadj says the money manager wants to do more with SPACs.
• Goldman Sachs is restarting its crypto trading desk. 

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Eric Lane, a 25-year Goldman Sachs veteran and one of the firm’s most senior leaders, is exiting. Read the full memo from CEO David Solomon breaking the news to staff.

A Goldman veteran is departing after more than 25 years with the firm.

Eric Lane, co-head of asset management at Goldman Sachs, is retiring. That leaves Julian Salisbury, currently his co-head, to lead the division independently. We’ve got the full memo announcing the news.

Click here to read the entire story.

AllianceBernstein’s CFO lays out the $683 billion money manager’s plans to muscle into the red-hot SPAC market

Ali Dibadj, AllianceBernstein’s CFO, explains the asset manager’s ambitions in the SPAC market. Read more here.

MUFG’s US hiring spree continues with senior junk-bond hire from Goldman Sachs

Ryan Munro is joining MUFG as head of leveraged finance syndicate in the Americas. See more here. 

Goldman Sachs restarts cryptocurrency trading and will begin dealing bitcoin futures for clients next week, report says

FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016.REUTERS/David Gray/File Photo

Goldman Sachs is ramping back up its cryptocurrency trading desk as the price of Bitcoin booms. Read more here.

‘Buy now, pay later’ giant Klarna has tripled its valuation to $31 billion, making it Europe’s most valuable private startup

Buy now, pay later Klarna has raised $1 billion in new funding, tripling its valuation to $31 billion. Get the full rundown here.

Odd lots:

A founding partner of a top crypto law firm has been ousted and is being sued for ‘abusive, destructive, erratic, and obstructive behavior’ (BI)

67 powerful Black women CEOs and executives on their time in corporate America (BI)

Use our searchable database to find more than 350 Wall Street recruiters for roles in banking, hedge funds, and private equity (BI)

Out of office: what the homeworking revolution means for our cities (The Guardian)

Goldman Sachs is losing 2 consumer banking execs to Walmart. Here’s a look at how the powerhouse Wall Street bank has been making a Main Street push. (BI)

Greensill Capital Faces Possible Insolvency After Credit Suisse Suspends Investment Funds (WSJ)

Learn more about the financial services industry.

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