Finance
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BlackRock hires longtime Goldman executive in a top strategy role to help drive growth in its $276 billion alternatives business (BLK)
BlackRock has named Stephanie Smith as chief operating officer of the alternatives business. The firm said in a memo that Smith, a...
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Bank of America is bumping US investment banker salaries by $25,000 for associates and VPs and $10,000 for analysts, as Wall Street fights to retain junior talent amid massive deal flow
Bank of America is raising junior and mid-level salaries for staffers in its US investment bank. Analysts will receive raises of $10,000,...
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Experts say the CEO of BlackRock’s shareholder letter was a masterclass in corporate communication. Here’s what it did well, and how it could have been even better.
BlackRock’s CEO Larry Fink sent his annual shareholder letter on Wednesday. The letter offers a glimpse into BlackRock’s corporate purpose. Communication experts...
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Exodus at Goldman’s Marcus — Wall Street interns scramble for housing — Jamie Dimon is over Zoom
Humana just poached a veteran Goldman Sachs banker to lead M&A and corporate development Pavlo Gonchar/Getty After 18 years at Goldman, former...
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Lazard just told its incoming investment-banking summer interns their program will be virtual, as the bank eyes a broader, hybrid return to office after Labor Day
Lazard just told incoming investment-banking US interns they’ll work virtually this summer. The bank also said that full-time employees likely won’t head...
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A 26-year-old CEO has been crowned the youngest self-made billionaire on Forbes’ annual Billionaires List after Kylie Jenner was removed
Austin Russell was the youngest self-made billionaire on Forbes’ annual World’s Billionaires List. The 26-year-old runs a company that provides the technology...
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655Warren Buffett’s former deputy just published her first annual letter since quitting to build her own Berkshire Hathaway. Here are the 10 best quotes.
Tracy Britt Cool. Fortune/YouTube Warren Buffett’s protégée left Berkshire Hathaway to start her own company, Kanbrick. Tracy Britt Cool and her cofounder...
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JPMorgan CEO Jamie Dimon says the bank will only need office capacity for 60% of employees post-pandemic (JPM)
JPMorgan CEO Jamie Dimon isn’t planning a full office when his company ends remote work. “For every 100 employees, we may need...
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The pandemic has minted five new billionaires as online shopping boosts ‘buy now, pay later’ companies
Klarna’s Sebastian Siemiatkowski and Victor Jacobsson are billionaires after a fund raise in March. The pandemic has led to a boom for...
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Wall Street’s cloud ambitions brighten
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Nasdaq and Intel announced a...