You Are Here Home VPS Here Are the Top Finance Stories of the Day for July 6

Here Are the Top Finance Stories of the Day for July 6

Felix - July 6, 2021 at 15:05

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and this is what’s on the agenda at present:

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Like the publication? Hate the publication? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco. 

Citigroup is bumping base comp for first-year investment-banking analysts up to $100,000, and giving associates and VPs raises up to $25,000

Tyler Dickson Citi



Citigroup


Tyler Dickson, cohead of Citi’s banking, capital markets, and advisory division, instructed Insider the announcement comes at a time of “a unprecedented set of calls for” 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.

The SEC’s probe into Charles Schwab’s robo-advisor is an early glimpse of the regulator’s fintech crackdown

gary gensler SEC family offices 4x3



Mark Wilson/Getty Images; Samantha Lee/Insider


The probe, which seems to be the largest for a

robo-advisor
, underscores the SEC’s priorities. Here’s why that matters.

Robinhood’s top lawyer made $30 million in eight months, more than anybody else at the company

Daniel Gallagher



Mike Segar/Reuters


Daniel Gallagher, who joined Robinhood in May 2020, made $30 million final yr. More on his impressive salary.

Robinhood slashed how much it spends to nab each new customer. Here’s how it did it.

robinhood gamification trading app 4x3



Robinhood; Samantha Lee/Insider


Robinhood’s buyer acquisition prices have fallen as a lot as 72% since 2019 because it refocuses advertising. This is how it did it. 

Torrid’s Liz Muñoz started as a patternmaker. Now she’s one of the only Latina CEOs leading a publicly traded US company.

Torrid CEO Liz Muñoz at the New York Stock Exchange, celebrating the company's IPO.

Torrid CEO Liz Muñoz.

Courtesy of NYSE


Muñoz instructed Insider what’s subsequent for Torrid and what it means to be one of few Latina CEOs. Here’s what else she said.

The labor shortage has come for bank branches, forcing America’s banking giants to rethink how to stay competitive

FILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon

Wells Fargo Bank department is seen in New York

Reuters


From branches to tech departments, some banks are adapting to draw new expertise. Executives share what they are doing.

Finance firms have pledged to improve diversity. Meet 3 groups helping the industry hire tens of thousands of underrepresented young people.

Trey Pruitt of Ares Management; founder of 10,000 Black Interns Dawid Konotey-Ahulu; Hive Diversity founder Byron Slosar

Trey Pruitt of Ares Management; founder of 10,000 Black Interns Dawid Konotey-Ahulu; Hive Diversity founder Byron Slosar

Ares Management; Getty Images; Michael Jurick


Financial-services companies are racing to point out they’re severe about hiring underrepresented expertise. These three organizations are looking to help them.

IBM’s Wall Street-focused cloud is helping banks onboard vendors in as quick as 1 week. Here’s how it’s doing it.

Howard Boville, head of IBM Hybrid Cloud Platform, poses in front of a building window

Howard Boville, head of IBM Hybrid Cloud Platform

IBM


Howard Boville, IBM’s prime cloud exec, defined how IBM helps prospects scale back vendor onboarding occasions. Here’s how the tech giant does it.

Must-know promotions, exits, and hires at firms like KKR, Morgan Stanley, and BlackRock

(*6*)

In this Aug. 1, 2018 file picture, New Jersey Attorney General Gurbir Grewal speaks throughout a information convention in Newark, N.J.

Associated Press/Julio Cortez


SVB Leerink employed Whit Mayo to the agency’s analysis workforce 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 tons:

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)

 

7 Likes

Related Posts

A Tesla senior VPs that quit last week files to sell all $181 million of his TSLA stock

A Tesla senior VPs that quit last week files to sell all $181 million of his TSLA stock

Meta Quest’s VPS helped recall spaces over 100 million times

Meta Quest’s VPS helped recall spaces over 100 million times

AC Oulu vs VPS Prediction, Betting Tips, and Odds

AC Oulu vs VPS Prediction, Betting Tips, and Odds

The Star Group names four VPs of sales

The Star Group names four VPs of sales

Virtual Private Server (VPS) Market Size to Reach USD 7.8

Virtual Private Server (VPS) Market Size to Reach USD 7.8

InMotion Hosting Upgrades VPS Plans for Superior Performance

InMotion Hosting Upgrades VPS Plans for Superior Performance