Finance
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Houlihan Lokey is sending its bankers on all-expenses paid vacations and bumping base comp and bonuses for junior employees, as perks keep flowing on Wall Street
Houlihan Lokey is sending its corporate finance bankers on all-expenses paid vacations. The bank is increasing base comp by $5,000 for first-year...
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PNC takes on overdraft fees and neobanks with Low Cash Mode
PNC’s new feature will increase transparency and customers’ autonomy, in addition to helping them avoid costly overdraft fees. And similar products from...
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Bernie Madoff, Wall Street financier and Ponzi scheme organizer, has died at age 82
Ponzi schemer Bernie Madoff has died in federal prison, aged 82, according to the AP. He died from apparent natural causes, a...
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Coinbase’s big day — JPMorgan poaches Marcus exec — Merrill trainees are still on pause
America’s best work-from-home expert is bracing for turmoil Elizabeth Viggiano for Insider Nicholas Bloom, an economics professor at Stanford University, is warning...
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408Credit Suisse just put $2 billion of Archegos-linked stocks on the market after the hedge fund’s meltdown, reports say
Reuters Credit Suisse is still unloading Archegos-linked stocks after the US hedge fund’s collapse. The lender put up about $2 billion worth...
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Brevan Howard hires ex-Point72 CTO Singh as it ramps up its ‘Alpha Strategies’ systematic trading fund
Brevan Howard hired Gurpreet Singh as CTO of its Alpha Strategies fund. Singh is the former CTO of Point72’s quant-trading group Cubist....
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Merrill Lynch’s advisor training program is on month 9 of a ban on reaching out to prospective clients. Insiders say morale is taking a big hit. (BAC)
Issues in Merrill Lynch’s massive pipeline for financial advisors are weighing on trainees’ morale. Advisors in training have faced months of mixed...
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JPMorgan Chase poached a top Marcus exec along with key hires from Wells Fargo and Google to support a ‘huge agenda’ for digital banking
JPMorgan announced three new hires to support its consumer and community banking team. One of the hires is Sonali Divilek, a key...
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A phone call from Coinbase CEO Brian Armstrong the night before a $100 million deal left one VC feeling ‘nauseous.’
The night before IVP’s Tom Loverro submitted a $100 million term sheet, Coinbase’s CEO called him. “I remember feeling nauseous,” Loverro told...
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The New York Stock Exchange is minting crypto art commemorating the first trades of 6 companies that recently went public
The New York Stock Exchange announced on Monday that it had minted six NFTs. The NFTs represent the first trades of several...