JPMorgan ups young banker pay

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JPMorgan is raising base pay for first-year analysts to $100,000, as the biggest US bank finally jumps in on the pay-bump frenzy

JPMorgan CEO Jamie Dimon
JPMorgan CEO Jamie Dimon Getty Images

The pay increase comes months after many Wall Street firms showered junior talent with bonuses. Here’s what we know about the raise.


Citizens Bank was ‘starved’ for tech dollars before reimagining its $440 million budget to notch a 30% boost in development

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Bruce Van Saun is CEO of . Citizens Bank

Citizens Bank CEO Bruce Van Saun told Insider how the bank has been able to plow efficiency gains back into tech spending.

Here’s how the regional back has been able to boost development without increasing costs.


An IPO frenzy means a hiring surge for investor relations and legal experts, with some soon-to-be-public companies offering 7-figure equity packages

Warby parker

IPO activity hit a record high in the first half of 2021. As companies go public, they are hiring talent in investor-relations and legal roles. We compiled a list of roles at newly public or soon-to-be-public companies, which you can check out here.


A top JPMorgan private bank strategist is joining alternative-investment startup iCapital

JPMorgan

Anastasia Amoroso, a longtime JPMorgan investment strategist, is joining iCapital. More on her move here.


Embedded finance lets artists and small businesses cut out middlemen and generate new revenue, but it comes with risks

Concert

From ride-share apps and barbershops to the music industry, use of embedded finance is on the rise. Here are some of the pros and cons of fintech’s hottest new topic.


Private-equity giant Blackstone is planning hires to help its portfolio companies figure out ESG reporting and metrics

Christine Anderson is Blackstone's head of external relations and ESG.

Blackstone’s ESG head, Christine Anderson, broke down the firm’s ESG growth and hiring plans. Find out more here.


Odd lots:

UBS to Let Two-Thirds of Employees Adopt Permanent Hybrid Work (Bloomberg)

KKR Pauses for Breath After $60 Billion Pandemic Binge (Bloomberg)

Citigroup names new leaders for UK investment bank in latest shake-up (Financial News)

Credit Suisse Takeover Fears Can Be a Good Thing (Bloomberg)

Young Canadian lawyers are doubling their pay by joining crazy-busy US law firms (Insider)