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

• How Archegos pushed the limit on risky trades and sent shockwaves through Wall Street
• Goldman interns will be working in the office this summer, according to an email the bank sent yesterday
• Firms including UBS are looking to hire more SPAC-focused junior bankers
• David Lang, a Goldman partner and head of the firm's Salt Lake City office, is retiring
• A second investment consultant has put PIMCO on watch

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

The dramatic implosion of Bill Hwang's Archegos reveals big risks still lurk in swaps markets and could trigger a fresh round of regulatory crackdowns

The most striking thing about the implosion of Archegos Capital Management, the family office of Tiger Cub Bill Hwang, was not the suddenness of the crash but how innocuous its origins were. Read more here.

UBS is looking to hire more SPAC-focused junior bankers as rapid-fire deals pile pressure on young Wall Street

As SPAC mania continues to overtake Wall Street, UBS is looking to keep up by hiring bankers. Learn more about how the blank-check boom is transforming hiring.

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Liquidnet founder Seth Merrin has a new company. Meet Neuravest, an AI platform that hopes to help asset managers use mountains of data faster.

Seth Merrin is onto a new venture: an AI system that analyzes data rapidly to find its usefulness to investors. Here's everything we know about the startup.

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Citigroup is reshuffling investment banking coverage groups to help its clients through the clean-energy transition

An internal memo announced the Natural Resources and Clean Energy Transition Group, which will unite bankers within the chemicals, energy, and power franchises. Here's what else the memo said.

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Goldman Sachs just told incoming interns they'll officially be working in the office following a one-week virtual training program

Goldman CEO David Solomon has been vocal about bringing employees back to the office as soon as possible. Now the bank is telling interns it plans to hold its summer program in person for everyone who can safely travel to its offices. Find out more here.

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A second investment consultant has put PIMCO on watch, as the $2.2 trillion money manager faces growing scrutiny following allegations of sexism and harassment

Consultant Meketa has placed Pimco on watch over discrimination allegations, following a similar move by pension adviser NEPC. Read more here.

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The head of Goldman Sachs' Salt Lake City office, which is a key part of the bank's push into lower-cost cities, is leaving the firm in May

Another partner is exiting Goldman Sachs, per an internal memo viewed by Insider.

David Lang, who runs the firm's Salt Lake City office, will retire in May. Read more here.

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Odd lots:

Billionaire investor Ray Dalio sounds the alarm on a stock bubble that he says is quickly approaching dot-com proportions (Insider)

14 top private-equity firms that are pouring billions into the advertising industry (Insider)

The key details every cannabis investor needs to know about New York's marijuana-legalization bill (Insider)