Good morning and welcome to Insider Finance . I'm Dan DeFrancesco, and here's what's on the agenda today:
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Citigroup
Tyler Dickson, cohead of Citi's banking, capital markets, and advisory division, told Insider the announcement comes at a time of "an extraordinary set of demands" on bankers.
Here's everything you need to know about the raises.
And check out our running list of the banks raising pay, and the ones holding out.
Mark Wilson/Getty Images; Samantha Lee/Insider
The probe, which appears to be the largest for a robo-advisor, underscores the SEC's priorities. Here's why that matters .
Mike Segar/Reuters
Daniel Gallagher, who joined Robinhood in May 2020, made $30 million last year. More on his impressive salary.
Robinhood; Samantha Lee/Insider
Robinhood's customer acquisition costs have fallen as much as 72% since 2019 as it refocuses marketing. This is how it did it .
Torrid CEO Liz Muñoz.
Courtesy of NYSE
Muñoz told Insider what's next for Torrid and what it means to be one of few Latina CEOs. Here's what else she said .
Wells Fargo Bank branch is seen in New York
Reuters
From branches to tech departments, some banks are adapting to attract new talent. Executives share what they are doing.
Financial-services firms are racing to show they're serious about hiring underrepresented talent. These three organizations are looking to help them .
Howard Boville, head of IBM Hybrid Cloud Platform
IBM
Howard Boville, IBM's top cloud exec, explained how IBM helps customers reduce vendor onboarding times. Here's how the tech giant does it .
In this Aug. 1, 2018 file photo, New Jersey Attorney General Gurbir Grewal speaks during a news conference in Newark, N.J.
Associated Press/Julio Cortez
SVB Leerink hired Whit Mayo to the firm's research team from UBS. The Securities and Exchange Commission appointed Gurbir S. Grewal as director of the division of enforcement. Here are the people moves across the Street you need to know.
Odd lots: He Convinced the Elite He Invested for Good. Then the Money Vanished. (WSJ)
BlackRock Settles Discrimination Lawsuit With Former Employee (Bloomberg)
Sun Valley's 'summer camp for billionaires' starts next week - see who's going and what media and tech deals they'll be talking about (Insider)
Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away. (WSJ)
Wall Street Wants Bankers Back in the Office. Especially Gen Zers. (WSJ)