Finance

Wall Street’s top crypto experts — Restaurant banker shakeup — SVB’s hiring push

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.


The bankers, brokers, and big money transforming litigation finance from a lawyer’s hustle to a multibillion-dollar asset class

Headshots of Ralph Sutton, Aviva Will, Brandon Baier, and Stuart Grant on a background of gavels and dollar bills

David Lubarsky; Shane Nelson; Contingency Capital; Bench Walk Advisors; Marianne Ayala/Insider

Litigation finance, once a niche industry, is now swarmed with consultants, bankers, and public companies. We spoke to over 25 funders, lawyers, and finance professionals to learn who’s shaping the field.

Meet the industry’s power players.


Meet the 11 crypto masterminds at Wall Street firms like JPMorgan, Bank of America, and Morgan Stanley who are helping clients understand the mania — and successfully invest in it

Ronit Ghose, Marion Laboure, Yassine Elmandjra, and Lisa Shalett on a blue background with crypto currency logos of Bitcoin, Tether, and Cardano behind them.

Citi; Deutsche Bank; ARK Invest; Courtesy of Lisa Shalett; Shayanne Gal/Insider

These 11 people are helping institutional and retail investors alike make sense of the crypto craze. Meet them here.


A growing number of fintechs are looking to help Muslims invest in a Sharia-compliant way. Here’s how they are doing it.

pjimage (1)

Aghaz Investments, Wahed Invest

For Muslims, investing through traditional financial pathways can be particularly challenging. But a handful of startups are looking to help those who want to invest in a way that’s in line with their faith. Here’s how.


Why Bank of America’s top tech exec partners with a non-profit training program to recruit diverse talent for Wall Street jobs

Greg Boucicaut graduated from the YearUp program and now works full-time at Bank of America as a quality assurance specialist.

Bank of America

BofA has been working with Year Up, a training program for non-traditional candidates to get Wall Street tech jobs, since 2006. Cathy Bessant, Bank of America’s top tech exec, told Insider how the partnership works.


Wells Fargo’s status as a top lender to US restaurants is in jeopardy after MUFG snared 8 of its prized bankers to beef up its own division

MUFG

ROSLAN RAHMAN/AFP via Getty Images

Ex-Wells banker Nick Cole will lead the team and target popular spots from Chipotle to Olive Garden. Get the full rundown here.


After big rainmaker hires, SVB Leerink is looking to round out its healthcare and technology ranks with more junior bankers

Barry Blake

SVB Leerink

After poaching a tech group from UBS, the firm is now posting jobs for junior bankers to round out its healthcare and tech teams. See what positions they’re looking for.


JOIN US JUNE 24: Execs from Deutsche Bank, AllianceBernstein, and Accenture will break down Wall Street’s hybrid models and how they’re navigating the return to work in an exclusive live event

Wall Street's return to office plans webinar featuring Deutsche Bank, AllianceBernstein, and Accenture

Courtesy of Deutsche Bank/AllianceBernstein/Accenture

Insider Finance reporter Reed Alexander will moderate a live webinar event on Thursday, June 24, at 1 p.m. ET/10 a.m. PST, in which three top financial-services execs will break down what the return to work looks like for Wall Street. Sign up for the exclusive event here.


Odd lots:

Coinbase Expands Prime Brokerage Services to Institutional Users (Bloomberg)

Cantor Fitzgerald Sets June 1 Return for Front-Office Staffers (Bloomberg)

Robert Smith’s Vista Equity Weighs Joining Rivals With Two SPACs (Bloomberg)

Morning Coffee: 30-something ex-Credit Suisse traders now bitcoin billionaires. The boutique bank that cares about your marriage (eFinancialCareers)

‘So much burnout, so many divorces, so much alcohol abuse’ — the deals boutique trying to end long-hours culture (Financial News)

Cryptocurrencies are for speculators, criminals, and cosplayers. Other than that, they’re useless. (Insider)

Sen. Elizabeth Warren grilled Jamie Dimon over Chase charging nearly $1.5 billion in overdraft fees during the pandemic (Insider)

Amazon Deal for MGM Marks Long-Awaited Win for Hedge Funds (WSJ)

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