Goldman speeds up analyst hiring as banks get desperate for young talent

Now Hiring man with mask — A man wearing a mask walks past a "now hiring" sign on Melrose Avenue amid the coronavirus pandemic on April 22, 2021 in Los Angeles, California.
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Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

As Wall Street deals with a shortage of junior bankers, Goldman Sachs is trying to speed up how quickly it can hire new analysts.
Giving stock to employees of portfolio company leads to more engagement and less turnover, according to a KKR exec.
Crypto could be community banks best bet at fighting back against fintechs.

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Goldman Sachs is fast-tracking analyst hiring and may cut down on interview rounds as Wall Street gets desperate for junior bankers

David Solomon goldman sachs — Michael Kovac/Getty Images

Investment banking is grappling with a shortage of available junior talent to fill open roles – and as a result, some banks are reconsidering how they recruit talent.

Read up on Goldman Sachs' potential hiring changes.

A top KKR exec explains how giving stock to hourly workers at its portfolio companies has increased retention and productivity

KKR exec Pete Stavros started researching employee stock ownership after seeing his dad face challenges as a low-income hourly worker. See what else Stavros said about giving stock to his workers.

Community banks are struggling to compete with digital rivals, but FIS execs are betting crypto could be a lifeline

Bitcoin. — Bitcoin miners are seeing gold despite the cryptocurrency's recent fall.
NurPhoto/Getty Images

FIS executives Sairam Rangachari and Rob Lee discuss why they are big believers in the power of crypto for community banks. Here's what they said.

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Homeowners are selling to 'instant buyers' that scoop up their houses for cash and resell them for tens of thousands more weeks later. But many have no regrets - and the companies are making bank. (Insider)

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