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Insider finance: Goldman's return to office

May 5, 2021, 15:55 IST
Business Insider
Afton Almaraz/Getty

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

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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.

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

Danny Moloshok/Reuters
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.

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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.

Matteo Colombo/Getty Images

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

Carlina Teteris/Getty Images

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

Samantha Lee/Business Insider

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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

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

Lucy Nicholson/Reuters

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.

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A biotech VC accuses his Proskauer lawyers of bungling a hedge fund deal, costing him 'hundreds of millions'

The logo of law firm Proskauer Rose on the exterior of its Manhattan office.Andrew Kelly/Reuters

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.

Vikas Chawla, an executive director with Morgan Stanley's Enterprise Technology and Services TeamMorgan Stanley

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)

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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)

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