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On the agenda today:
- JPMorgan Chase will require all employees to wear masks — even if they’re vaccinated.
- The SEC has approved Nasdaq’s corporate board diversity plan.
- Evercore’s offer letters for 2022 analysts just went out.
Let’s get started.
JPMorgan Chase will make all US employees wear masks indoors
Masks will be required for all JPMorgan employees — even if they’re vaccinated. The bank is following CDC guidance that says all people, vaccinated and unvaccinated, should mask up in places where COVID-19 is spreading. What we know about the mask mandate.
The SEC approved Nasdaq’s plan for more corporate board diversity
Nasdaq’s new rules require the 3,249 companies listed on its main US exchange to have at least two diverse directors, one woman and one member of an underrepresented minority group — or risk being delisted. Here are 21 female tech leaders ideal for those seats.
Evercore offer letters for 2022 analysts just went out
Evercore will pay first-year investment bankers $110,000 — and those who accept will receive a separate $15,000 start bonus within 60 days. Get the full rundown here.
Plaid agreed to settle a class-action lawsuit for $58 million
The suit, which alleges users were unaware of Plaid’s role in accessing banking data for apps like Venmo, comes as financial data becomes a more of a priority for both consumers and regulators. Here are the other details of the settlement.
FactSet is helping investment banks automate their pitching process
Junior bankers, rejoice: FactSet is working on a way to automate the pitching process, one of the most time-consuming parts of the job. Newly appointed Chief Product Officer Kristina Karnovsky told Insider about the company’s plans.
UBS is launching a team focused on winning over diverse clients
UBS’s global wealth management division is preparing to launch a group focused on better serving diverse investors, and has hired a private banker from JPMorgan to lead the charge. Meet her here.
JPMorgan’s SPAC business has been dwarfed by rivals
Though JPMorgan is an investment-banking powerhouse, its SPAC business is well behind peer firms — but some research analysts say that could be a good thing. Here’s why “it doesn’t necessarily pay to be first.”
Crypto and “super apps” are about to transform finance
We spoke with analysts who explained why crypto and “super apps” will transform finance — and shared three stock picks that are “about to take over the world.” See their top fintech stock picks and investing ideas.
On our radar:
- Execs from Morgan Stanley, Mastercard, and Robinhood dished on their summer reading recommendations. From books about social media algorithms to Winston Churchill, here are their favorites.
- Our reporter tried the nighttime rituals of CEOs like Bill Gates for a week. Here’s how it went.
- A 24-year-old VC who raised $7.6 million on his own explains how Gen Zers can launch their own venture firms. Check out his advice.
- Per the Financial Times, hedge funds that exploit bond market dislocations hit $1 trillion in assets for the first time. More on that here.
- The Delta variant is upending Wall Street’s return to the office, Bloomberg reports. What you need to know about the return-to-office chaos.
- More from Bloomberg: Companies like Goldman Sachs are trying to woo bankers with new food perks.
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