Finance

Carlyle’s summer break — Banks’ threat to bond trading — Junior bankers special bonuses

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.


Point72 Ventures sees a big opportunity in fintechs serving social-media influencers. An exec highlights gaps in the market.

Tripp Shriner Point72

Point72 Ventures

Point72 Ventures is bullish on funding fintechs that tap into the creator economy, according to partner Tripp Shriner.

He explains why incumbents stand to miss the opportunity.


The Carlyle Group is giving employees a week off in August and annual $750 ‘well-being stipends’ as some workers struggle to keep work and life separate

carlyle group

REUTERS/Keith Bedford

After a company survey found that employees were struggling to separate work and life, the Carlyle Group will implement a “well-being strategy” aimed at improving employees’ lives. Read up on it here.


JPMorgan warns rival investment banks: MarketAxess, Tradeweb, and Bloomberg are ‘real competitors’

traders phones

Brokers react on a trading floor at BGC, in the Canary Wharf financial district of London, Britain June 27, 2016.
Toby Melville/Reuters

JPMorgan’s concerns come amid record levels of trading in bond markets. Here’s why banks should be worried.


Wells Fargo just invested in a compliance startup that monitors digital and video communications in a nod to Wall Street’s new hybrid workplace

Liz Guthrie, Wells Fargo's head of innovation and R&D, smiles in her head shot.

Wells Fargo

Since the pandemic forced bankers to service customers virtually, Wells Fargo has started exploring new technologies that streamline the compliance process. Get the full rundown here.


Investors are buying up thousands of homes to rent on Airbnb, making already-fierce wars over houses even more cutthroat

A hand holds up a row of houses in this photo illustration.

C.J. Burton/Getty Images

One Ohio company is looking to scoop up $1.5 billion in short-term-rental properties — a strategy that could box regular people out of homeownership. Here’s what you need to know.


Which Wall Street firms have raised base pay or handed out special bonuses amid a fierce battle for junior talent — and which have yet to budge

headhunters and recruiters sourcing talent for wall street 4x3

Samantha Lee/Business Insider

Many Wall Street banks and investment firms have bumped base pay or offered special bonuses as workers are stretched thin. From JPMorgan to UBS, here’s our running list of who’s doing what.


Burnout is looming for dealmakers in one of the hottest parts of healthcare

Burnout

The financial-services industry has been hit by employee burnouts as the pandemic leaves them sometimes working longer hours.
Cecilie Arcurs/Getty Images

Lawyers, bankers, and investors pull all-nighters and work seven days a week to make deals happen. Read more here.


Odd lots:

Commodity Traders Harvest Billions While Prices Rise for Everyone Else (Bloomberg)

JPMorgan is buying an ESG investing platform in bank’s third fintech acquisition of the past year (CNBC)

Insiders say Bill Gates was an office bully who pursued sexual affairs, and that his squeaky-clean image was merely good PR (Insider)

SEC Charges JPMorgan Unit Neovest for Operating as Unregistered Broker-Dealer (WSJ)

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