Headlines only NEWS IB offer letters — Goldman return to office — Volatility-trader talent war Usanewsposts May 8, 20210 Summary List Placement Hello readers, Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: Offer letters are out for summer 2022 investment-banking internships, and we had all the details on five banks A talent war has broken out for equity derivatives traders — here are the latest moves Two more firms raised junior banker pay Bank of America’s top tech exec explained how 5G and 3D printing could be game changers Automation is transforming how new bonds get sold Goldman Sachs laid out its back-to-office plans If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals. We saw 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. Insider reviewed the details for five banks. You can get the full rundown here. RBC Capital Markets and Guggenheim Securities announced the latest junior banker raises on Wall Street RBC is also mandating vacation time for vice presidents, associates, and analysts, with two five-day weeks per year in which they do not have VPN access. See all the details here. Bank of America’s top tech exec details why 5G and 3D printing can be transformative for the bank Bank of America’s Cathy Bessant highlighted the importance of 5G mobile broadband and 3D printing. Her fellow Bank of America tech exec David Reilly also spoke to the importance of 5G for edge cloud computing. See the full story here. Automation is transforming how new bonds get sold, and syndicate bankers worry they’ll lose their jobs if they don’t branch out “Allocation via the computer is coming,” said one syndicate banker who works at a bulge-bracket investment bank. “Automation makes allocations for a bond sale more uniform, but it’s scary for bankers that focus solely on execution.” Keep reading here. A talent war has broken out for equity derivatives traders at Wall Street’s top investment banks — here are the latest moves Wall Street equity derivatives traders have become a hot commodity, and hedge funds and investment banks have been fighting to hire or retain star volatility traders. Insider is tracking the hires and departures. Inside the network of dozens of spin-off hedge funds from billionaire New York Mets owner Steve Cohen Steve Cohen’s decades-long career in finance has made him billions of dollars across two hedge funds and led to the creation of more than 80 other firms. Check out our interactive graphic here. RBC dealmakers explain how investment banking is transforming as ESG becomes a hot topic with clients Bankers have no choice but to consider ESG when advising on deals, as it’s increasingly becoming a significant part of the market. Here’s what that means for investment banks, according to two top RBC dealmakers.
Forget the chick with the sundress. This is the opportunity for you to get out of your GME trade, and get long into AMZN. Looks like last price is about 160. GTFO out of it, and just LISTEN!... Does GME have a commercial with a guy playing an accordion? NO! Buy AMZN!
You keep telling me this every thread Overnight, but do you REALLY believe that? GME is worth like $5 a share, and that is being generious. Amazon is valued as if it will never stop growing at whatever it is currently growing it, which we both know it can't. Lot of toys, however...
Salty, I agree with you in principle on the GME fundamentals...But after the shit we went through these past 2 quarters? The thing just ain't coming down. Look at a 4 month chart! It is hovering at the current level, the re-opening story is in full vogue once again, and who the hell knows HOW the GME peeps will pull off this transition to mostly online transactions. Based on vibes, I think they will do something that will not allow the stock to get back to your entry point. I guess the thing is, I do not put my money behind something I do not have full faith in. I have NO faith that in a year GME would be back down to 40, but I have faith that in a year ES will be above where it is now. Salty, you need to chill, and think, and gel, and listen.
Ok so they send out internship offer letters A YEAR before the actual internship program starts? Am I reading this right? They are sending out offer letters for NEXT summer's internship program? They give the candidates A YEAR to decide whether to accept or reject the offer? ESG? What's ESG? Is that the s*** about must include a woman, a person of ethnic minority (non-white) and from LBGT regardless of qualifications? So what if you have a company that is all-white, all-men, all-straight and they absolutely qualify for everything that you ask for, and you have to reject it because it doesn't meet ESG qualification standard??
Nasdaq is trying to force thru that stuff by including in their listing standards, first with mandatory disclosure of people’s race / sexuality / gender-related mental confusion, and if that goes well, second with delisting threats. Of course their economic arguments for why it’s so great are complete bunk, but if diversity paid you wouldn’t have to browbeat all those greedy capitalists into making those choices. https://www.usatoday.com/story/opin...fect-financial-performance-column/7278956002/
Ok that is major invasion of privacy and even potential risk of major economic losses. Whatever a person's ethnic/racial or sexuality or gender is none of anybody's business. They are there to do a job, run a company, not doing some kind of freak show. And even though United States is trying to put on this "diversity" show, there are countries in the world who don't have the same acceptance level regarding those "diversity" standards. Nobody gives a s*** about delisting but what if they lose major business relationships or clients because of these "diversity" information? That is causing unnecessary business hardship and challenges to American businesses who are already facing increasing competition in the global market. What do they think is so great of their "economic arguments"? So a few person who fits the "diversity" criteria can become a head honcho and be the poster boy/girl for Biden to showcase the great "democratic value" of United States? What bs!! See this is why people vote for Trump so they don't have to deal with these useless fake bs! People all complain that Trump might have Alzheimer's because of his advanced age. Biden is older than Trump and nobody is insisting on him getting an Alzheimer's test done?
a lot of people voted for trump because they were upset that minorities and immigrants are doing well while they (white Americans living in rural or tertiary cities) were not. That’s why trump railed against blacks, immigrants, and women so much.
Yeah but there are minorities who voted for Trump too. There were African Americans who were campaigning for him. How do you explain that? No people voted for him because he is a "doer" and he does things and doesn't do those bs shows like this mandatory diversity listing requirement shit.