Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week. If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals. Jamie Dimon, the CEO of JPMorgan, said on Wednesday that he planned to tell employees to be back in the office within weeks, at least for a day or two. By September, he said, the plan is for half of his corporate workforce to be back full time, and he expects that employees will be maskless in the office by October. Get the full story here. Wells Fargo Securities is offering corporate and investment-banking analysts and associates up to $20,000 in special bonuses. Meanwhile, UBS told junior bankers on Wednesday that it was adding a bonus for those promoted to associate. They're the latest firms to reward junior bankers as Wall Street grapples with grueling workloads while working from home. The market for quant and data-science specialists on Wall Street has perhaps never been hotter. They're the lifeblood of hedge funds, trading firms, market makers, and bank trading teams. Dan Sundheim's D1 Capital has made private investments in startups since its inception in 2018. D1 has participated in funding rounds in hot sectors such as logistics, enterprise SaaS, and e-commerce. We listed all the private investments it's disclosed publicly in 2021. The European Super League, a breakaway soccer competition, came and went in less than a week. JPMorgan lent $4.2 billion to support the initiative, only to call it a misjudgment on Friday. Get the play-by-play here. Wall Street people moves roundup Other stories readers loved this week |
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