Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Goldman has bucked the Wall Street trend of raising comp for juniors, and its analysts are getting frustrated.
- Speaking of Goldman, the bank has also had a tough time holding on to juniors in its TMT division.
- The exodus of talent at Credit Suisse continues as two managing directors have resigned from the bank’s equities division.
- Robinhood’s COO details how the startup is getting women involved in crypto and helping the industry shake its bro reputation.
Analysts at the firm are warning that Goldman’s resolve could cost the firm in the long run. Inside the frustration among Goldman juniors.
Goldman Sachs is having difficulty retaining junior bankers in its powerhouse TMT group as Wall Street grapples with a talent shortage
Four of the original 16 analysts who joined its TMT group in San Francisco in 2019 have remained. Here’s what is going on in the division.
Private equity is notorious for charging high management fees to its investors, and experts have long debated whether or not they’re justified. But new research from PitchBook shows that private equity adds value to the standard portfolio. Here’s why.
Managing directors Bill Bors and Jason Vickery resigned from Credit Suisse’s equities division, adding to the more than 50 senior personnel who have already left the Swiss bank amid a series of blunders. Get the full rundown here.
Financial-services firms are racing to show they’re serious about hiring diverse talent. These 3 organizations are helping them shake up the status quo.
We spoke with three organizations that are using millions of dollars to hire tens of thousands of diverse students into finance roles. Here are their plans for changing the face of finance.
Women are using Robinhood to buy up crypto, COO Gretchen Howard tells us. And it’s changing crypto’s bro reputation.
Robinhood has tripled the number of its female customers to around 30% of active users — a goal that was Howard’s personal mission. She details how she helped women break into crypto, a traditionally male-dominated world.
Eduardo Costa walked Insider through how he thinks about investing in the Wall Street Bets era. Here’s what he said.