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Happy Saturday, and welcome to Insider
- Inside $4: key
tech exits, new $4, and big plans for $4 Wall Street is in a race to hike pay, and $4 and $4 are the latest to make a move- The latest on returning to the office: $4 is over Zoom; Lazard $4 hybrid return
- Lone Pine, Candlestick, and Holocene were among the $4 hit hard in March
- How Anthony Noto's SoFi could $4
If this email was forwarded to you, $4 to get your daily dose of the stories dominating banking, business, and big deals.
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Employees of Goldman Sachs' consumer business are quitting in large numbers, sources say. Goldman engineers and product managers are suffering from burnout and top-down management.
Marcus instituted "audio only" meetings on evenings and Fridays and is hiring more engineers to offset the crunch. $4
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SoFi has said it is looking to compete against the largest investment banks by underwriting IPOs of certain companies itself, in addition to participating in IPOs like other retail brokerages. $4
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Greenwood is a banking app designed for Black and Latinx communities. In late March, the startup announced a $40 million Series A round. Cofounder Ryan Glover and Truist Ventures head Vanessa Vreeland $4
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March was a rocky month, partially thanks to the implosion of Bill Hwang's family office Archegos. Big-name managers stumbled, including long-running Tiger Cub Lone Pine. $4
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Across Wall Street, firms are competing with one another to retain junior talent. The push to incentivize young workers to stay comes after a grueling year of working from home on rapid-fire deals.Here's a look at the latest moves:
- Warburg Pincus is $4 for junior workers
- Bank of America is raising $4by $25,000 for associates and VPs, $10,000 for analysts
- William Blair told IB analysts, associates, and VPs they'll receive $4 of up to $20,000
Wall Street return-to-office updates
- JPMorgan CEO Jamie Dimon says remote work can undermine the "character" of a company and $4
- Lazard's investment-banking summer interns will be virtual as the firm eyes a $4 after Labor Day
- Goldman interns are $4 in New York City as the bank prepares them to head into the office
Must-know Wall Street hires and exits
- Humana hired a $4 banker
- Balyasny poached a $4 from Goldman Sachs
- Houlihan Lokey nabbed $4 from RBC
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