Insider finance: Crypto's stumbling block

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• RBC dealmakers explain how increased interest in ESG-focused deals has changed how investment banks are operating.
• Goldman Sachs is rolling out a new crypto trading team.
• Asset managers are building crypto offerings to meet investor demand, but high carbon emissions are a "stumbling block."

If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Join us Thursday, May 13 at 12 p.m. ET for "Financing Net-Zero," to hear from financial market leaders and investors about the future of sustainability financing. Register here.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

RBC dealmakers explain how investment banking is transforming as ESG becomes a hot topic with clients

Corporates are stepping up their demands for sustainably focused deals, and banks are responding. Vito Sperduto and Lindsay Patrick, two dealmaking execs at RBC Capital Markets, detail how investment banks need to adjust.

Here's how dealmakers are changing as a result of ESG.

Investors love crypto but worry about its carbon footprint. Here's how asset managers like Fidelity and Invesco are addressing their concerns.

Crypto's high carbon emissions are a "stumbling block" for some, one exec told Insider. Here's how asset managers are addressing concerns.

Goldman Sachs announces a new crypto trading team in an internal memo

Goldman Sachs has informed employees of a new cryptocurrency trading desk, the bank confirmed. Here's what we know.

JPMorgan just promoted 2 CIOs to newly formed groups focused on improving employees' experience using the bank's tech

James (JR) Reid and Melissa Goldman were both named chief information officers to newly formed groups at JPMorgan focused on internal tech. Learn more about the promotions.

I took the personality test Ray Dalio helped design and uses at Bridgewater. The results were mortifying.

Insider's Rebecca Knight took a new personality test that Ray Dalio, the billionaire founder of Bridgewater Associates, helped design. Here's what it said.

The hedge fund manager who blew up his career in a single day after a years-long spat with a bankrupt retailer just got handed a 6-month prison sentence

Marble Ridge founder Dan Kamensky received a sentence of 6 months in prison and 6 months home confinement on Friday. Get the full rundown here.

Must-know promotions, exits, and hires at firms like Blackstone, Russell Investments, and Viking Global

Guggenheim poached two leveraged finance leaders from Natixis. Divya Nettimi left Viking. Paget MacColl will head Blackstone's hedge fund solutions. Here are all the big people moves across the Street.

Odd lots:

Goldman Sachs internal memo unveils new cryptocurrency trading team (CNBC)

Health Advocate or Big Brother? Companies Weigh Requiring Vaccines. (NYT)

Black Banking Executives on How to Sustain Post Floyd Changes (Bloomberg)

Green Dot joins corporate exodus from California as fintech firm moves to Austin (CNBC)