Happy Saturday, and welcome to Insider Finance. Here’s a rundown of our must-know Wall Street stories from the past week:
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Meet the rising stars of equity research, up-and-comers making calls on everything from the next big electric-car maker to the return of live events
Meet Insider’s lineup of up-and-coming talent in the world of equity research. We selected analysts 35 and under who cover a wide range of sectors, from gaming to natural gas. See the full list here.
Goldman Sachs CEO David Solomon is shaking up the bank with his hard-driving style. Here’s what’s pushing a herd of top execs to the exits.
Solomon has steered the bank to blowout profits and a record stock price. But with partners quitting and burnout soaring, some insiders said the executive’s hard-charging style has come at a cost. Read the inside story here.
JPMorgan told US workers it wants them coming into the office on a ‘consistent rotational schedule’ by early July
Time is running out for remote work for some on Wall Street as the biggest US bank has unveiled its most detailed timeline yet about returning to the office.
Buy-side trading firms have poached a slew of star derivatives traders. The defections, which follow blowout volatility trading hauls in 2020, leave some banks shorthanded.
Banks are racing to staff up as deal work surges, and one recruiting firm has even formed a ‘SWAT team’ focused on hiring associates and VPs
Investment banks are seeking backup as they struggle to retain junior staffers while deal work surges. High rates of attrition and fierce competition are sparking a talent war for young bankers. As one recruiter put it, there’s “just not enough bodies in the market.” Get all the hiring market intel here.
These 10 headhunters are helping fintechs like Coinbase, Stripe, and SoFi land big hires and stand out in the startup tech talent war
Fintechs are increasingly relying on outside recruiting firms to attract top talent. Insider asked startups, venture capitalists, and industry insiders to nominate the top fintech headhunters in the US.
The list includes recruiters who work on everything from early-stage startups to mature financial firms with a focus on tech. Keep reading here.
Wall Street people moves roundup
Other stories readers loved this week
- London’s finance sector isn’t rushing back to the office
- Apollo’s dealmaking went into overdrive in the first quarter
- Goldman Sachs President John Waldron laid out three ways the bank is aiming to relieve junior workloads
- Blackstone’s Jon Gray is preparing for higher inflation. One way he’s considering tackling it is by raising rents on the thousands of apartments.
- Morrison & Foerster is starting to track its lawyers’ calls, emails, and website visits to squeeze out billable hours
- Advisors to the wealthy are fielding a frenzy of calls from clients worried about estate planning and taxes