Inside Wall Street's labor shortage

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Inside Wall Street's labor shortage
Wall Street sign Brendan McDermid/Reuters

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

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Inside investment-banking's labor crunch: A shortage of analysts is fueling a hiring war across Wall Street and forcing rainmakers to do grunt work on deals

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America is facing a labor shortage spanning multiple industries, and banking isn't immune. Here's how Wall Street is dealing with a lack of junior talent.


Wall Street credit traders are getting poached like mad. Here are 45 of the top moves.

Insider has tracked nearly 50 moves at top banks so far this year. Check out our entire database.


Bridgewater is mandating its employees take off at least 15 days a year. Its deputy CEO explains how the new policy will combat burnout.

The idea is to prevent burnout and attract and retain top talent, Bridgewater execs said. Read more about the new policy.

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5 wealth advisors to the stars explain how they built their A-list client rosters

Advisors to the stars told Insider how they built their A-list client rosters. Here's how they nab top-tier customers.


The investment chief overseeing George Soros's $27 billion firm says mega-cap tech stocks are cheap compared to late-stage private firms - and taps them as her top pick for the next decade

Soros Fund Management CIO Dawn Fitzpatrick is preaching patience for investors. Here's what she said.


JPMorgan just outlined what the investment bank of the future might look like. Here are 3 key takeaways.

Inside Wall Street's labor shortage
JPMorgan CEO Jamie Dimon Getty Images

The importance of client-facing systems and corporate customers were among the key takeaways. Take a peak at the future of Wall Street.

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After pushing for BlackRock's racial audit, a major service employees union eyes more transparency from Wall Street

SEIU, with some 2 million workers, is now pushing for similar disclosures elsewhere. Read more here.


Odd lots:

The world's most prominent real-estate investor reveals what he would do with $100,000 - and it's something he thinks most people should be doing with their money, too (Insider)

JPMorgan buys investment platform Nutmeg in UK retail push (Reuters)

Justice Department Sues to Block Aon Acquisition of Willis Towers Watson (WSJ)

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Deutsche Bank's UK boss says she wants investment banking graduates in the office 5 days a week, even as the company moves to flexible working (Insider)

We read all 323 pages of 23andMe's SPAC filing. Here are the 5 biggest obstacles it faces after its public debut. (Insider)

Law firms are opening new Texas offices and racing to hire lawyers. These are the 6 hottest practice areas in the Lone Star State, according to recruiters. (Insider)

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