Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war

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Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
Wells Fargo; Samantha Lee/Insider

Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:

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Micromanagement, surprise employee investigations, and email surveillance: Why top mortgage bankers are quitting Wells Fargo in the middle of a red-hot housing market

More than 20 top mortgage lenders at Wells Fargo have left in the past year. Insider has the details on the heavy oversight culture and clunky technology that led to the exits.

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Blackstone just told US investment professionals to report to the office, and the private-equity giant has spent $20 million on safety precautions such as paying for cabs to work

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
Jonathan Gray, Blackstone's president and chief operating officer.Heidi Gutman/NBCUniversal via Getty Images
Blackstone is planning a full return to the office on June 7, President Jon Gray said on an internal Monday-morning call. See all the details here.

The crypto talent war is heating up as big money managers warm to digital assets

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
NurPhoto/Getty Images

Recruiters are seeing an uptick in searches for crypto roles as legacy firms such as Morgan Stanley and UBS wade into the space. Here's how the battle for talent in the emerging industry is shaping up.

For more on digital assets:


This summer, Wall Street is getting comfortable and colorful - and everyone wants something stretchy to wear when they go back to the office

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
@danjlevy/Instagram; Leigh Keily/contributor; Lelund Durond Thompson/contributor

Wall Streeters are set to redefine office attire, whether they're seeking out color and patterns to show off their personality at work or opting for something a bit more comfortable. Here's what bankers are stocking up on.

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Carlyle is tying employee bonuses and CEO comp to successfully meeting goals around diversity, equity, and inclusion at the PE giant

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
Kara Helander, the chief inclusion and diversity officer at the Carlyle Group.The Carlyle Group

The Carlyle Group plans to recognize employees who are advancing the firm's goals advocating for diversity, equity, and inclusion with monetary incentives. Kara Helander, Carlyle's chief inclusion and diversity officer, told Insider why.


Blue Owl is taking on big banks in funding tech buyouts. The president of the business created by the Dyal-Owl Rock SPAC deal shares how he plans to become 'a lender of first choice.'

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
From left: Michael Rees, Marc Lipschultz, and Doug Ostrover.Dyal/Owl Rock/Insider

Owl Rock and Dyal Capital's Blue Owl SPAC merger is nearing completion. Here's how the new company is targeting further growth in private lending.


RBC Capital Markets and Guggenheim Securities just announced the latest junior-banker raises on Wall Street amid a battle to hang on to young talent

Wells Fargo's mortgage banker exodus - Wall Street's return to office - Crypto talent war
Samantha Lee/Business Insider

Two investment banks are joining the bevy of financial-services firms rolling out special perks and raises to hang on to junior talent. Here are all the details.

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Wall Street people moves


Other stories readers loved this week

  • Public.com is offering up SPAC-specific data to users. The $1.2 billion fintech's COO explains why it's trying to simplify complex blank-check deals for investors.
  • Rising-star equity analysts give their 18 favorite stock picks of the moment, and explain why they recommend buying each one.
  • Citigroup is zeroing in on clients moving toward clean energy in what a senior banker described as a "super-mega trend."
  • A rising star at the $8.8 billion Perceptive Advisors breaks down why the biotech hedge fund is so bullish on BridgeBio.
  • NBA star C.J. McCollum is shooting for billionaire status. He told us how he invests and whom he calls for advice.
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