Banks' messy office return — Citi nabs rival bankers — Goldman raises pay

View in browser
Insider Finance
Subscribe

Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for iOS and here for Android.

On the agenda today:

Let's get started. 


Wall Street's return to the office is going to be weird

digital wall street virtual remote work 3 4x3

Wall Street is trying to get back to the office — but it hasn't been easy. Some firms have had to rethink their plans as the Delta variant ramps up (see which ones here). And mask and vaccination mandates aren't making the Street's plans to return to the office any easier. Here are all the setbacks making Wall Street's return to work such a hot mess.


Banks are worried about your spending

shopping bags gap hm

The Delta variant has consumers spending less — and Wall Street is pretty bummed about it. Amid a dip in spending, both Goldman Sachs and Bank of America slashed their forecasts for third-quarter GDP growth, signaling growing pessimism about economic recovery. Get the latest on the spending slowdown.


Citi just hired four BofA and JPMorgan bankers

Doug Adams

Citi is beefing up its private-capital-markets team with a spate of hires from Bank of America and JPMorgan. Here's what that means for the bank.


Goldman raises first-year markets, wealth and research salaries

david solomon

Following compensation bumps for first-year bankers earlier this month, Goldman Sachs has increased pay for first-year employees in its markets, wealth, and research divisions. Staffers in these departments will now make $110,000, up from $85,000. Take a look at what we know so far.


Delta variant caused one-third of traders to change strategy

FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, November 9, 2016. REUTERS/Danish Siddiqui/File Photo

The outbreak and spread of the Delta variant led 33% of active stock traders to change their investment strategy to brace for its impact, a Charles Schwab survey found. An increase in exposure to equities, cash or fixed income were the three biggest changes. See what else is worrying traders — and how they're responding to it.


Evercore is raising pay for 2022 associates

Ralph Schlosstein

The investment bank sent out offer letters for next year's first-year associates, who saw a $25,000 pay bump — bringing their yearly salary to $185,000. Despite compensation inflating across the Street (which we've broken down here by bank), Evercore is now leading the market when it comes to associate pay. More on Evercore's pay raises.


On our radar: 

  • A $17 billion wealth manager explains how to make your pandemic move permanent and lower your tax bill. Here's her advice.
  • Another SPAC deal has fallen apart after Topps trading cards terminated the merger with its sponsor. Get the rundown here. 
  • This writer grew up in Portland, and loved it. But he says he'll never move back — even though he can work from anywhere. Read his powerful essay here.
  • Goldman Sachs and its former in-house attorney have ended their retaliation suit, per law.com. More on that here.
Business Insider

Email sent to: you   |   Manage preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy   |   © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006
Powered By SailthrU

Older messages

Most American workers want their jobs to require the COVID vaccine

Saturday, August 21, 2021

A new Gallup poll found that 52% of workers favor or strongly favor their work requiring staff to get the coronavirus vaccine. View in browser Business Insider Business Insider Business Insider

Tip #5: Modern HVAC: Better for your team AND the environment

Friday, August 20, 2021

Our top 5 sustainability tips for office managers and administrators... INSIDER INSIDER Insider WFH Tips Modern HVAC is better for your team AND for the environment Our top sustainability tips for

Most American workers want their jobs to require the COVID vaccine

Friday, August 20, 2021

A new Gallup poll found that 52% of workers favor or strongly favor their work requiring staff to get the coronavirus vaccine. View in browser Business Insider Business Insider Business Insider

Merrill frustration mounts — Wall Street's cannabis wins — Morgan Stanley nabs Vanguard exec

Friday, August 20, 2021

View in browser Insider Finance Insider Finance Subscribe Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go – click here for

Tip #4: Already recycling? Time to step it up

Thursday, August 19, 2021

Our top 5 sustainability tips for office managers and administrators... INSIDER INSIDER Insider WFH Tips Already recycling? Time to step it up Save time and money while reducing waste output at the

You Might Also Like

American Airlines flights grounded briefly on Christmas Eve

Tuesday, December 24, 2024

A technical issue caused a headache for many travelers Are you prepared for holiday flight delays? A technical issue briefly grounded American Airlines flights nationwide early on Christmas Eve, due to

How To Make A New Year’s Resolution

Tuesday, December 24, 2024

An experiment looks at ways to make New Year's resolutions succeed. View this email online Planet Money Hey, it's Greg Rosalsky. Here at Planet Money, we cover the people and forces that shape

🎅 The year in review

Monday, December 23, 2024

The economy in 2024, the market's winners, and feeling emotional | Finimize TOGETHER WITH Hi Reader, here's what you need to know for December 24th in 3:10 minutes. The global economy held up

Stop overpaying for your student loans

Monday, December 23, 2024

Find out how refinancing can help you save ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Economic Lessons from the Last Few Singularities

Monday, December 23, 2024

Plus! Conflicts and Confluence; Bonds; Empire Building; China; The Capital and Talent Cycle Economic Lessons from the Last Few Singularities By Byrne Hobart • 23 Dec 2024 View in browser View in

Don't Miss This NYSE IPO Opportunity

Monday, December 23, 2024

Urgent: Unique IPO Opportunity in a Multi-Billion Dollar Industry ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Look what this top trader shared on Fox Business

Sunday, December 22, 2024

Get your copy today ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Longreads + Open Thread

Saturday, December 21, 2024

Inflation, AI, Linkrot, Data, Research, Pod Shops, Life Advice, Nvidia Longreads + Open Thread By Byrne Hobart • 21 Dec 2024 View in browser View in browser This issue of The Diff is brought to you by

Post-Election Market Warning: Here's what's next...

Saturday, December 21, 2024

Urgent warning issued... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⭕️ A tech play with a nice ring to it

Friday, December 20, 2024

Finimize TOGETHER WITH Hi Reader, here's what you need to know for December 21st in 3:07 minutes. Novo Nordisk shares slimmed way down as investors felt disappointed by the firm's latest