Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- A shortage of junior bankers is forcing investment banks to have senior dealmakers pitch in on grunt work.
- We’ve mapped out all the recent moves amongst credit traders, who are getting poached like mad.
- Inside Bridgewater’s new policy to require employees to take off at least 15 days a year.
Join Insider on June 24 at 1 p.m. ET for a live, exclusive webinar event in which three top financial services executives from Deutsche Bank, AllianceBernstein, and Accenture will break down how the future of work will look like as Wall Street gets back to the office. Sign up here to attend.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Inside investment-banking’s labor crunch: A shortage of analysts is fueling a hiring war across Wall Street and forcing rainmakers to do grunt work on deals
America is facing a labor shortage spanning multiple industries, and banking isn’t immune. Here’s how Wall Street is dealing with a lack of junior talent.
Wall Street credit traders are getting poached like mad. Here are 45 of the top moves.
Insider has tracked nearly 50 moves at top banks so far this year. Check out our entire database.
Bridgewater is mandating its employees take off at least 15 days a year. Its deputy CEO explains how the new policy will combat burnout.
The idea is to prevent burnout and attract and retain top talent, Bridgewater execs said. Read more about the new policy.
5 wealth advisors to the stars explain how they built their A-list client rosters
Advisors to the stars told Insider how they built their A-list client rosters. Here’s how they nab top-tier customers.
The investment chief overseeing George Soros’s $27 billion firm says mega-cap tech stocks are cheap compared to late-stage private firms — and taps them as her top pick for the next decade
Soros Fund Management CIO Dawn Fitzpatrick is preaching patience for investors. Here’s what she said.
JPMorgan just outlined what the investment bank of the future might look like. Here are 3 key takeaways.
The importance of client-facing systems and corporate customers were among the key takeaways. Take a peak at the future of Wall Street.
After pushing for BlackRock’s racial audit, a major service employees union eyes more transparency from Wall Street
SEIU, with some 2 million workers, is now pushing for similar disclosures elsewhere. Read more here.
Odd lots:
JPMorgan buys investment platform Nutmeg in UK retail push (Reuters)
Justice Department Sues to Block Aon Acquisition of Willis Towers Watson (WSJ)