Goldman Sachs has seen a wave of high-profile departures across the firm in recent days. Insider has been tracking all the moves.
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Here's a rundown of big names that have jumped ship - plus where they're heading. We've also been updating our org chart of 100-plus top Goldman execs to keep up. Take a look to see the latest on who's consolidating power as people leave.
And check out who's left running the show at Marcus, the retail-banking division that's a key part of a multi-year transformation strategy at Goldman. Read more.
Hedge funds have been big winners in the blank-check-company mania that's gripped markets over the past year - to the point that some industry veterans are wary.
"The greedy part of me would love" to launch a SPAC, said Adam Cohen, who runs the credit-focused hedge fund Caspian Capital. "The moral and ethical part of me doesn't want to play into this nonsense. It's going to end in tears."
Insider spoke with a dozen people to understand what's driving the SPAC boom and how it'll end. Read the full story here.
A year of nonstop work from home has Wall Street's junior investment bankers burnt out. Now, Wall Street bosses are worried about the long-term effects of remote work and recruiters say it's getting hard to make junior hires.
"The things that ease the blow that assuage that pain of you losing the best years of your life - you couldn't have, so you're just working and you're putting money into your current account every month," said Logan Naidu, the London-based founder and CEO of the search firm Dartmouth Partners.
While there's hope for an end in sight, WFH will persist at many firms through at least this summer. Read more.
Bank of America has promoted Laura Chepucavage to help lead the firm's sales and trading division under new head Jim DeMare. DeMare, who was promoted to president of the firm's global markets division last July, added Chepucavage to his leadership team as head of global financing and futures, according to an internal memo seen by Insider.
MUFG has filled another senior role in its junk-bond finance roster as it continues its quest to win more of the US market. The bank has hired Ryan Munro as its head of leveraged finance syndicate in the Americas, according to a memo seen by Insider.
Suzanne Shank, one of few Black CEOs on Wall Street, details how she built a women- and minority-owned investment bank from the ground up
Morgan Stanley's internships will start remote, but it's not ruling out in-person work. Here's what the bank's HR head is telling incoming summer analysts and associates.
UBS doubles down on the workplace wealth business as it leads a $10 million investment round in student loan fintech FutureFuel.io
PayPal and Amex back a startup streamlining how small businesses connect with banking and accounting tools like Quickbooks and Zettle
Hedge funds run by Ken Griffin's former lieutenants had big February performances, including one major bounce back
PR firm Bevel hired a Goldman Sachs alum to cash in on the SPAC craze and win market share from financial communications heavyweights
Betterment is buying rival Wealthsimple's $190 million US customer base as its new CEO sets the robo-advisor on IPO path
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