People enter and exit 200 West Street the Goldman Sachs building in New York Brendan McDermid/Reuters
Investment-banking summer-internship offer letters have already begun to go out for 2022 programs. Insider reviewed the details for five banks. You can get the full rundown here.
RBC is also mandating vacation time for vice presidents, associates, and analysts, with two five-day weeks per year in which they do not have VPN access. See all the details here.
Bank of America’s Chief Operations and Technology Officer, Cathy Bessant Bank of America
Bank of America’s Cathy Bessant highlighted the importance of 5G mobile broadband and 3D printing. Her fellow Bank of America tech exec David Reilly also spoke to the importance of 5G for edge cloud computing. See the full story here.
Syndicate bankers can spend hours on the phone when a bond deal is in the market. Yves Herman/Reuters
“Allocation via the computer is coming,” said one syndicate banker who works at a bulge-bracket investment bank. “Automation makes allocations for a bond sale more uniform, but it’s scary for bankers that focus solely on execution.” Keep reading here.
Wall Street equity derivatives traders have become a hot commodity, and hedge funds and investment banks have been fighting to hire or retain star volatility traders. Insider is tracking the hires and departures.
Steve Cohen’s decades-long career in finance has made him billions of dollars across two hedge funds and led to the creation of more than 80 other firms. Check out our interactive graphic here.
Lindsay Patrick, left, and Vito Sperduto, right. RBC Capital Markets
Bankers have no choice but to consider ESG when advising on deals, as it’s increasingly becoming a significant part of the market. Here’s what that means for investment banks, according to two top RBC dealmakers.
