Finance
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Inside Goldman’s Marcus: key tech exits, new ‘audio only’ Fridays, and big plans for engineer hires
Hello readers, Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: Inside Goldman’s...
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Klarna is one of the biggest names in buy now, pay later. But cofounder Niklas Adalberth questions the consumerism at the heart of the $31 billion fintech.
“Buy now, pay later” spending has surged during the pandemic, propelling fintechs like Klarna. Niklas Adalberth, Klarna cofounder and former executive, thinks...
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Richard Branson is leading a campaign to end the death penalty, along with other key business figures. The Virgin Group founder said there is an urgent need to abolish the practice.
Sir Richard Branson spoke to Insider about his ongoing campaign to eradicate capital punishment. The Virgin Group founder called the practice “barbaric”...
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Billionaire Lee Ainslie’s Maverick Capital soared in March despite the struggles of his Tiger Cub peers
Maverick Capital returned 20% in March, sources told Insider, and is up 36% for the year. The fund is outpacing its fellow...
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We asked analysts what they’ll be keeping tabs on when Goldman Sachs reports earnings. Here are 4 things to watch. (GS)
Goldman Sachs reports its first-quarter earnings on Wednesday, April 14. The bank is expected to report record results in ECM and M&A...
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William Blair told investment-banking analysts, associates, and VPs they’ll receive special bonuses up to $20,000 as Wall Street’s arms race to hang onto junior talent continues
Chicago-based boutique bank William Blair has offered special bonuses to junior employees. The firm is offering junior investment bankers tiered bonuses reaching...
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Canada’s second-biggest bank is giving staff a subscription to meditation app Headspace and an extra day off
Royal Bank of Canada CEO Dave McKay said the bank is giving an extra day off to “exhausted” staff. Employees also get...
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Confessions of Big Law’s burned-out associates: 5 current and former lawyers from firms like Cleary, Davis Polk, and Goodwin detail their nonstop daily work schedules
Big Law firms have been giving associates special bonuses up to $64,000. The payouts are an effort to increase retention after a...
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Wall Street billionaire Leon Black denied sexual harassment allegations made by a former model, and said he paid her to keep the ‘affair’ quiet
Leon Black denied sexual harassment allegations, and said they weren’t linked to his exit from Apollo. Black in a statement that he...
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BofA bankers get a raise — Big LBOs are back — SoFi wants to underwrite IPOs
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Wall Street is in an...