Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- Goldman Sachs wants its US staffers back in the office by June 14. We've got the details.
- Wall Street is sending out offer letters to investment-banking interns for 2022 with details on start dates and pay.
- Family offices are increasingly diving into crypto thanks to millennial heirs taking the reins.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco.
Goldman Sachs just told its US staffers they need to be back in the office by June 14 in one of Wall Street's earliest pushes to get employees back in person
According to an internal memo, Goldman Sachs is asking its US employees to come back into the office by June 14.
Here's what else you need to know.
Goldman Sachs, Morgan Stanley, and Citigroup have sent out offer letters for investment-banking interns for summer 2022. Here are the details on 5 banks' pay, start dates, and signing bonuses.
Investment-banking summer internship offer letters have already begun to go out for 2022 programs. Here are details from five banks that have sent them.
More family offices are investing in crypto as millennial heirs take a seat at the table and banks hop on the Bitcoin bandwagon
Most family offices aim for wealth preservation, not moonshots. But with millennial heirs taking a seat at the table, old-money families are warming up to crypto. Here's how millennials are changing the game.
RBC Capital Markets and Guggenheim Securities just announced the latest junior banker raises on Wall Street amid a battle to hang onto young talent
Investment bankers will receive higher pay and in RBC's case, protected weekends and video-free Fridays. Read more here.
Here's the 21-page pitch deck a Citi-backed fintech for freelancers used to raise $155 million from investors like hedge fund Tiger Global
HoneyBook, a fintech platform for freelancers, became a unicorn after raising $155 million in funding. The San Francisco-based fintech provided Insider the pitch deck it used to raise that round, which you can see here.
Former CFTC head Timothy Massad is joining ESG fintech Ethic as regulators zero in on sustainability
Massad joins the startup as regulators start to scrutinize the fast-growing ESG investing market. We spoke with him about his role. Here's what he said.
A biotech VC accuses his Proskauer lawyers of bungling a hedge fund deal, costing him 'hundreds of millions'
Venture capitalist Robert Adelman has accused his ex-lawyers at Proskauer of 'legal malpractice.' Find out more here.
Morgan Stanley uses 3 billion data points each day to measure its equity risk. Here's how it's using AWS to do it.
Morgan Stanley uses cloud computing to gauge the risk of its equity positions each day. Learn more about how the bank does it.
Odd lots:
Goldman Readies June Return to Office, Vanguard Goes Hybrid (Bloomberg)
Apollo's $5 Billion Bet on Yahoo Aims to Go Beyond Advertising (Bloomberg)
Bill.com Is Set To Acquire Utah Billion-Dollar Software Startup Divvy (Forbes)
Blackstone hires former Goldman partner for its hedge fund unit (Reuters)
Suburban Homes and Retail Are the Budding New Office Hotspot (WSJ)