BlackRock’s bond boss in (Fed)

👔 Rick Rieder coul be the next Fed chair

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

👔 Rick Rieder in Fed chair talks

📉 Trump’s pressure for deeper rate cuts

🚗 Lendbuzz files $1.5B IPO

🔥 Fintech leaders’ takes on the markets

The White House is looking for a new Fed boss. BlackRock’s bond chief Rick Rieder just interviewed with Treasury Secretary Scott Bessent.

🚨 Breaking News
Rick Rieder, BlackRock’s global bond chief, joins the shortlist for Fed chair as Trump pushes for bigger rate cuts next week.

⚡Wire Simplified

  • Rieder interviewed with Trump’s Treasury Secretary Scott Bessent.

  • Trump wants new Fed leadership and major changes to how it operates.

  • Other candidates: ex-Fed governors Kevin Warsh, Lawrence Lindsey, and James Bullard.

  • Unlike past chairs, Rieder isn’t a PhD economist.

  • Markets expect a 0.25% rate cut next week, but Trump demands more.

✔️ Straight to the Point
Rieder’s candidacy shows Trump wants fresh faces at the Fed. Markets brace for drama: smaller cut expected, Trump wants bigger.

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Boston-based fintech Lendbuzz, which uses AI to judge car loan borrowers, has filed for an IPO targeting $1.5 billion valuation.

🚨 Breaking News
Lendbuzz joins Klarna and Chime in the fintech IPO wave, aiming for $1.5B valuation with Goldman Sachs, JPMorgan backing.

⚡Wire Simplified

  • Lendbuzz uses alternative data to assess creditworthiness for borrowers with thin credit history.

  • It funds loans through securitization and banks.

  • IPO planned with Goldman Sachs and JPMorgan as lead bankers.

  • Klarna and Chime also went public recently, with mixed results.

  • Investors will decide if Lendbuzz deserves its $1.5B price tag.

✔️ Straight to the Point
Lendbuzz bets big on Wall Street love for fintechs. Question is: will investors bite, or pass like Chime’s IPO?

Boston Fintech Week 2025
A week-long series of events uniting startups, regulators, and investors to discuss fintech’s role in financial inclusion and innovation.
Date: Sep 15–19, 2025 | Location: Boston, USA

Flyover Fintech 2025
Focused on Midwest fintech innovation, Flyover Fintech brings together financial leaders, investors, and startups for collaboration.
Date: Sep 23, 2025 | Location: Lincoln, Nebraska

London FinTech Summit 2025
The UK’s premier fintech conference featuring keynotes, panels, and networking with Europe’s top fintech leaders.
Date: Oct 6–7, 2025 | Location: London, UK

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