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Premium Finance 2021-05-20T14:45:03Z
Return of bankers and other finance workers to the office in New York City with a rise in happy hours and work dinners

Dealmaker dinners are back, and interns are ready to hit up the bars. Wall Street's appetite is returning, and New York City restaurants are gearing up for a rush.

Wall Street is returning to the office. NYC's restaurants and bars are ready for a surge as bankers embrace lunches, happy hours, and deal dinners.
Premium Finance 2021-05-22T10:00:00Z
carlyle group

At private-equity firm Carlyle, which recently tied bonuses to its diversity push, Black employees make up less than 3% of senior US staff

Private equity firm The Carlyle Group disclosed that less than 3% of US staff managing director and above are Black and 4% are Hispanic or Latinx.
Premium Finance 2021-05-21T17:57:50Z
mala gaonkar hedge fund 4x3

Lone Pine's Mala Gaonkar took a unique route to the top of the hedge fund world. Here's how she's rewriting the traditional investing playbook — and crossing paths with the likes of Malcolm Gladwell and David Byrne along the way.

Gaonkar's day job is copiloting a top hedge fund through unprecedented markets. Her side gigs include working with David Byrne and Malcolm Gladwell.
Finance 2021-05-22T16:00:59Z

Bitcoin Pizza Day is being marked by crypto fans, who are grabbing a slice as a tribute to famed bitcoin trader Laszlo Hanyecz

In honor of a 2010 pizza purchase by Laszlo Hanyecz, the date is now celebrated by observers around the world
Premium Finance 2021-05-22T13:21:38Z

Vaccinated bodyguards, drivers, and a ton of hiring: We talked to 7 security companies that cater to the ultrarich to find out how they were gearing up to travel this summer

Security firms for the wealthy had to pivot when travel halted last year. Now they are getting ready for their clients to vacation around the world.
Finance 2021-05-22T11:05:00Z

JPMorgan and Morgan Stanley leadership shake-ups put CEO candidates in the spotlight

JPMorgan and Morgan Stanley leadership shake-ups; SVB Leerink poaches team of senior UBS tech bankers; profile of Lone Pine's Mala Gaonkar.
Premium Finance 2021-05-22T11:00:00Z

Must-know promotions, exits, and hires at firms like Apollo, JPMorgan, and Morgan Stanley

Cofounder Josh Harris will step down from his current role at Apollo; SVB Leerink poached a team of UBS tech bankers; Doug Heinz left Citadel.
Finance 2021-05-22T10:59:55Z

JPMorgan's new co-heads of consumer banking offer fresh clues about Jamie Dimon's succession plans

JPMorgan named Marianne Lake and Jennifer Piepszak, two frontrunners to succeed CEO Jamie Dimon, to co-lead the firm's consumer bank.
Finance 2021-05-21T21:03:00Z

The Death of Cash

The Death of Cash report projects what the payments ecosystem will look like through 2024 by examining digital payment proliferation's driving forces.
Premium Finance 2021-05-21T20:25:05Z

Goldman Sachs, Bank of America, and Citigroup have sent out offer letters for investment-banking interns for summer 2022. Here are the details on 6 banks' pay, start dates, and signing bonuses.

Goldman Sachs, Bank of America, Evercore, and Lazard have sent 2022 summer offer letters. Here's a rundown of start dates, pay, and signing bonuses.
Politics 2021-05-21T18:05:30Z

Trump 'acts like a mafioso': Why NY's AG may treat the Trump Organization like a mob racket in its criminal inquiry, according to legal experts

The Trump Organization is now facing a criminal investigation. RICO experts explain why racketeering charges could be on the table.
Premium Finance 2021-05-21T15:59:15Z

Wells Fargo is gearing up to use relationships in segments like wealth to spur growth across the bank, as Charlie Scharf eyes rivals' playbooks

As Scharf reorganizes the bank's sprawling wealth arm, he is looking to lean on relationships Wells Fargo has in other segments to help drive growth.
Premium Finance 2021-05-21T14:36:46Z

Deutsche Bank gave incoming summer interns a choice between an in-person or remote program. 92% chose to head into the office.

A spokesperson for the German lender told Insider that Deutsche Bank is committed to evenly distributing work across virtual and in-person interns.
Premium Finance 2021-05-21T14:03:35Z

From 'Lead with Data' to 'Innovate Incrementally': Read the 9 tenets Goldman Sachs co-CIO Marco Argenti said are key to being an engineer at the bank

A new memo from Goldman Sachs co-CIO Marco Argenti to the firm's 10,000 engineers details the bank's approach to engineering.
Premium Finance 2021-05-21T13:57:12Z

Hedge funds like Millennium, Citadel, and Blackstone have dumped shares in the Michael Klein-backed SPAC set to acquire Lucid Motors

Sculptor Capital and Coatue became new investors in the SPAC this past quarter, going against the grain in a broader sell-off of the stock.
Finance 2021-05-21T13:08:29Z

Goldman Sachs' Marcus branches further into US SMB lending through C2FO partnership

Goldman Sachs' Marcus is deepening its involvement in lending to US SMBs through a new partnership with working capital platform C2FO.

The best offers from Insider Coupons

Finance 2021-05-21T13:00:00Z

Identify which digital banking features and categories are most valuable to customers

Download a free preview of Insider Intelligence's UK Neobank Competitive Edge Report to see which digital banking features are important to consumers.
Finance 2021-05-21T12:55:15Z

How Pipe reached a $2 billion valuation in less than a year

Pipe has seen strong growth since publicly launching last June and has successfully expanded its target audience.
Finance 2021-05-21T12:45:00Z

India's central bank imposes interoperability rule for mobile wallets and prepaid cards

India's mandate will let consumers use their mobile wallets at any UPI-accepting merchant and send payments to consumers using different wallet brands
Finance 2021-05-21T12:03:00Z

PPP SMALL BUSINESS LOANS: How $525 billion in coronavirus-linked loans were spread across lenders, states, and industries

In the final of three updates, Insider Intelligence looks at how different lenders fared at implementing the PPP.
Finance 2021-05-21T11:00:00Z

[FREE SLIDE DECK] Accelerator Snapshot: Wells Fargo

Insider Intelligence details the goals, operations, and notable participants of Wells Fargo's fintech accelerator program.
Healthcare 2021-05-21T10:37:05Z

Soaring stocks in pharma giants has minted these 9 new 'vaccine billionaires,' according to a report

The wealth of the new billionaires, from Moderna, BioNTech, and others, could fully vaccinate 776 million in low-income countries, per the report.
Finance 2021-05-21T09:50:00Z

The Wall Street crowd is flocking to oyster bar happy hours and running up $6,000 wine tabs

Wall Street is back in the office, and that means bankers are heading back to bars and restaurants in NYC.
Finance 2021-05-21T09:43:01Z

WeWork lost $2 billion in a quarter and 200,0000 members in a pandemic-hit year, it said ahead of its stock market debut

Ousted WeWork cofounder Adam Neumann's $500 million settlement with WeWork contributed to the company's huge losses.
Finance 2021-05-20T23:01:00Z

The Future of Fintech: AI & Blockchain

In this slide deck, Insider Intelligence explores the opportunities and hurdles of adopting the two technologies within financial services.
Finance 2021-05-20T22:04:00Z

THE PAYMENTS ECOSYSTEM: The biggest shifts and trends driving short- and long-term growth and shaping the future of the industry

In this report, Insider Intelligence examines the payments ecosystem today, its growth drivers, and where the industry is headed.
Premium Advertising 2021-05-20T20:06:15Z

Affirm is planning a new ad campaign to stand out from rivals in the crowded buy now, pay later category

With its rebrand, it's trying to stay competitive in a category that's growing as people shop more online.
Finance 2021-05-20T19:01:00Z

See the forces driving digital transformation in the insurance business

Insurers have long lagged behind other industries when it comes to digital capabilities, but industry disruption is nearing a tipping point.
Tech 2021-05-20T18:53:52Z

Elon Musk says he isn't selling his dogecoin: 'I haven't and won't sell any'

Elon Musk is maintaining a hold position on dogecoin despite its volatility. "I haven't and won't sell any," he said Thursday on Twitter.
Premium Finance 2021-05-20T18:10:16Z

Robinhood just started offering its users access to upcoming IPOs. Here's how fintechs are trying to break into a market dominated by Wall Street's elite.

SoFi and Robinhood want to upend IPOs by competing for a slice of companies going public and, in some cases, underwriting the shares themselves.
Premium Advertising 2021-05-20T17:20:44Z

Wells Fargo marketing head is exiting amid a wider restructuring of its marketing function and the scrapping of the CMO role

Michael Lacorazza is preparing an exit from the bank as it shifts responsibilities for marketing away from a centralized unit.
Premium Finance 2021-05-20T17:10:07Z

How Blackstone turbocharged growth at oat-milk darling Oatly

Oatly shares were trading up around 30% on Thursday. The IPO marks a watershed moment for Blackstone's nascent growth equity business.
Premium Finance 2021-05-20T16:56:06Z

The battle to be JPMorgan's next CEO is heating up. Here are 5 people in the running to succeed Jamie Dimon.

Jamie Dimon, 65, is Wall Street's longest-tenured CEO. Two of his likeliest successors were promoted in May to co-lead consumer banking.
Finance 2021-05-20T16:03:00Z

US Banking Channel Forecast: How shifting consumer habits and the coronavirus pandemic are reshaping banking usage

The US Banking Channel Forecast identifies major drivers and inhibitors of banking channels that are gaining or losing popularity.
Premium Finance 2021-05-20T15:43:56Z
Premium Finance 2021-05-20T15:38:11Z

Meet 10 top recruiters helping fintechs like Coinbase, Stripe, and Square nab top executives and staff up teams in a red-hot market for tech talent

Here are 10 of the top recruiters serving fintech clients like Robinhood and PayPal fill roles across finance, engineering, and marketing.
Premium Finance 2021-05-20T15:13:47Z

Andy Saperstein, who made Morgan Stanley's wealth unit a cornerstone of the bank, is in the running to replace James Gorman. Here's the memo with all the details.

Morgan Stanley unveiled sweeping leadership changes on Thursday, underlining the growth of its wealth and investment management arm over the years.
Finance 2021-05-20T15:01:00Z

Insurance Technology Spend Forecast: What's Driving Growth for P&C and Life Insurers in the US, UK, and Canada

Insider Intelligence forecasts the trajectory of US, UK, and Canadian P&C and life insurers' IT/technology investment between 2020 and 2024.
Premium Finance 2021-05-20T13:38:38Z

JPMorgan is looking to grow its VC coverage team with hires in Miami, Salt Lake City, and Austin

Melissa Smith, head of specialized industries for middle-market banking at JPMorgan, and Pamela Aldsworth, who leads VC coverage, explain next steps.
Premium Finance 2021-05-20T13:30:00Z

Wells Fargo just poached a Merrill MD to help manage clients across its CIB as the bank looks to leverage relationships across segments

John Bell joined Wells Fargo this week as a new managing director reporting to Judith Barry, head of traditional and alternative asset managers.
Finance 2021-05-20T13:26:36Z

UK regulator tells neobanks not to liken themselves to banks

UK's Financial Conduct ity warned chief executives of neobanks to avoid comparing their upstart companies with licensed banks.
Media 2021-05-20T13:00:00Z

Sign up for the Chart of the Day Newsletter

The Chart of the Day newsletter is a daily email packed with data and key statistics on the biggest trends in today's most disruptive industries.
Premium Healthcare 2021-05-20T13:00:00Z

JPMorgan is trying to disrupt healthcare again just 3 months after its previous attempt went up in smoke

JPMorgan is launching Morgan Health, the bank's second attempt at changing the healthcare landscape after Haven languished.
Finance 2021-05-20T12:35:37Z

Compliance software Fenergo reaches unicorn status with $600 million private equity sale

Private equity groups Astorg and Bridgepoint acquired majority stakes of Fenergo in a $600 million deal, giving it a $1.165 billion valuation.
Finance 2021-05-20T11:41:15Z

Apollo announces that cofounder Josh Harris is stepping down, 2 months after former CEO Leon Black quit

Apollo managing director Josh Harris will "return to his roots as an investor and entrepreneur" but remain on the Apollo board.
Finance 2021-05-20T09:50:00Z

Inside JPMorgan's startup banking strategy

JPMorgan bankers detail how the firm is trying to hold on to more of its startup clients as they mature.
Executive Lifestyle 2021-05-20T03:26:23Z

Meet Zhang Yiming, the secretive Chinese billionaire behind TikTok worth $44 billion who just stepped down as ByteDance CEO

Zhang Yiming makes his own TikToks — and requires his senior employees to as well. Here's a look at what we know about the secretive billionaire.
Finance 2021-05-19T23:05:00Z

AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices

Insider Intelligence assesses the business impact of forward-looking insurers implementing AI in their front, middle, and back offices.
Finance 2021-05-19T20:00:00Z

These 3 Canadian banks offer the most in-demand emerging mobile features

The Canadian banks offering the most desirable mobile features in 2021 are RBC, TD Canada, and BMO, according to Insider Intelligence.
Premium Law 2021-05-19T19:45:03Z

Big Law associates are getting up to $250,000 signing bonuses as law firms scramble to staff up and fight burnout

Capital markets, M&A, and other corporate lawyers are in high demand. Law firms are offering six-figure signing bonuses and making snap offers.
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