Hello and welcome to Insider
If you haven’t yet subscribed, you can sign up here to get your daily fix of the stories that dominate banking, business, and big business.
As the
From 100 hours a week to deteriorating mental health, nearly 500 employees at major investment banks reveal extent of burnout among young talent in new survey
82101171
A survey of nearly 500 people shows that exhausted junior bankers may be ready to head out.
Check out the big banks stacking up against each other.
Publicity
The number of Merrill Lynch advisers is declining and the recruitment of juniors has slowed. The company is now looking to make changes to its key training program.
82101173
A senior executive at the Bank of America-owned wealth manager said the number of advisers fell in the first quarter largely due to the slowdown in hiring in its development program. Find out more here.
CFO of Citi, first PSPC bank this year, predicts ‘normalization’ in blank check frenzy
82101176
Mason said if the bank remained “well positioned” in the PSPC space, the pace of blank check companies‘ IPOs would soon slow down. Here’s why.
These 6 fintechs are betting consumers want to earn crypto rewards through spending instead of points and miles
82101177
Consumers are increasingly looking for ways to pay for their purchases with crypto. As a result, fintechs scramble to offer cash back rewards with crypto. Find out more here.
Citi CEO Jane Fraser is making her mark by exiting markets in Asia and Europe and reorienting her leadership in her new wealth management division, all in an effort to attract the ultra-rich.
Citi announced that it was leaving 13 consumer banking franchises in Asia and Europe, in line with the bank’s plans to refocus its efforts on wealth management outside of the United States. These are the markets he takes out.
How 750 anonymous Coinbase traders escaped the IRS even after making $ 100 million
82101182
The IRS is still looking for hundreds of Coinbase traders, some of whom have used fake names. Find out more here.
Odd lots:
Guggenheim’s Minerd Moves To Miami As Firm Eyes Flexible Work (Bloomberg)
Former Navy SEAL and ultramarathoner David Goggins is the toughest man on the planet. His latest challenge: to persuade the world to suffer on purpose. (Initiated)
JPMorgan Gives Wealthy Clients a Way to Ride Market Waves Created by Massive Investors (Insider)
Brevan Howard’s main hedge fund to start buying cryptocurrencies (Bloomberg)
Coinbase retail buyers stung after debuting (Bloomberg)
