Banks' crypto investments - Wall Street pay frenzy - PNC caters to wealthy

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On the agenda today:

• A new list shows the 13 banks that have invested the most in cryptocurrency and blockchain to date.
• The Wall Street pay frenzy is going into overdrive, with some banks issuing their second pay raise in months.
• PNC is staffing up to cater to its wealthy clients in hotspots like Florida and Texas.

Let's get started.

These 13 banks have invested the most in crypto and blockchain

Financial institutions are vying for a piece of the booming cryptocurrency market, and 13 of the world's largest banks have already pushed billions into crypto and blockchain companies. From Citibank to Morgan Stanley, here are the banks that have invested the most.

The Wall Street pay frenzy is going into overdrive

Guggenheim Securities just raised junior bankers' salaries for the second time in months. Meanwhile, Bank of America is giving junior bankers another pay bump, a nod to the Street's heightening talent war. Check out how much bankers are getting paid at 14 Wall Street firms as the frenzied salary hikes continue.

PNC is staffing up to cater to rich clients

PNC is rebranding and staffing up its private bank to maintain its clientele - as well as capture new ones in wealth hotspots like Florida and Texas. We spoke with asset management group head Carole Brown, who told us about the push to expand.

BCG is bumping base pay for associates and consultants

BCG is bumping base pay for associates and first-year consultants by $10,000. The move comes as many young consultants are burning out and quitting their jobs, and consulting firms are offering bonuses, perks, and pay raises to try to retain young talent. Here's what we know about BCG's latest pay raise.

Hedge-fund billionaire Ray Dalio wants you to think like Picasso

In a string of tweets, Dalio laid out four steps to making better decisions in life and work. Here's why he wants you to think like Picasso.

Banks and hedge funds are throwing money at quants in bond trading

Quants in the US can expect to make big money - especially if they work for a hedge fund. For some candidates, base salaries can swell towards half a million dollars. Take a look at how much banks and hedge funds are offering the "rocket scientists of Wall Street."

On our radar:

• 39-year-old Shou Zi Chew got his start at Facebook, led a Chinese smartphone giant through one of the biggest tech IPOs in history, and is now TikTok's CEO. Meet him here.
• DailyPay is helping Kroger give workers early access to their paychecks, as the startup looks to become a key recruitment tool. More on that here.
• Wall Street is fretting over its clout as "champion" Governor Andrew Cuomo exits, Bloomberg reports. Why it's "a more uncertain situation than has existed in a while."
• Per Bloomberg, green fintech startup Aspiration is said to be in talks to go public through a SPAC.
• A WSJ analysis found that a self-regulatory audit system fails to safeguard charities, pension funds and private companies. Get the full rundown.