Tech

Junior banker burnout — Inside Hippo’s SPAC deal — SoftBank’s web

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Demoralized junior bankers are contemplating ditching investment-banking altogether as they battle burnout after a grueling year working from home

wall street burnout young talent junior analyst 4x3



Samantha Lee/Insider


A year spent working from home has impacted people across the finance industry. But one group seems to have taken the brunt of it: young investment bankers.

Junior bankers are burnt out after a grueling year spent working remote, and they are starting to question their desire to stay in the industry.

Click here to read the entire story.


Hippo CEO details the push to take the $5 billion insurtech public in a blank-check deal led by Reid Hoffman and Mark Pincus

Assaf Wand, CEO and co founder, Hippo

Assaf Wand, CEO and co founder, Hippo

Hippo


Hippo CEO Assaf Wand details what it was like to broker a deal with Reid Hoffman and Mark Pincus to go public via their

SPAC
. Read more here.


Morgan Stanley’s internships will start remote, but it’s not ruling out in-person work. Here’s what the bank’s HR head is telling incoming summer analysts and associates.

James Gorman

Chairman and CEO of Morgan Stanley James P. Gorman participates in a panel discussion at the New York Times 2015 DealBook Conference at the Whitney Museum of American Art on November 3, 2015 in New York City.


Neilson Barnard/Getty Images



Morgan Stanley is planning to have all its summer interns start remotely, but is open to potentially having some in-person work for them in the future. See more here


Wells Fargo’s investment banking internships are going virtual again this summer. We have all the details on what the bank told incoming hires.

Charles Scharf Wells Fargo

Charles Scharf is the CEO of Wells Fargo.

Tom Williams/Getty Images


Meanwhile, Wells Fargo’s class of investment banking interns will be entirely remote. Get the full rundown here.


SoftBank’s Masayoshi Son spent $100 billion building an interconnected tech empire. See how the companies in this network buy, partner and lend to each other to power Masa’s vision.

softbank web of investments 4x3



Itsuo Inouye/AP; Skye Gould/Insider


We mapped out the vast network of SoftBank’s investments in more than 100 companies. Find out more here.


Wall Street people moves of the week: Here’s our rundown of promotions, exits, and hires at firms like Goldman Sachs, JPMorgan, and Third Point

Eric Lane _ Goldman Sachs

Eric Lane.

Goldman Sachs


Goldman Sachs partners Eric Lane, Kara Seymour, Omer Ismail, Adam Stark, Jason Matthews, and Stephanie Smith are all on their way out. Get the full rundown of people moves across Wall Street. Read more here.


Odd lots:

Fmr. Goldman Sachs CFO Marty Chavez says the future of fintech is banks (CNBC)

Wall Street Made Huge Profits Off Deep Freeze, at Least on Paper (Bloomberg)

The unravel ling of Lex Greensill: a mix of bravado and financial alchemy (FT)

When SPAC-Man Chamath Palihapitiya Speaks, Reddit and Wall Street Listen (WSJ) 

How Birkenstock’s Hippie-Sandal CEO Jilted an Ex-Goldman Star (Bloomberg)



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