Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
Join us July 15 at 2 pm ET/11 am PST as Insider hosts a webinar breaking down “What’s next for Crypto?” Learn more here.
These are the 21 advisors, accountants, and lawyers to know if you’re thinking about starting your own family office
As global wealth surges, more people are looking to start family offices to take control of their finances. We spoke to more than a dozen industry insiders to compile a list of people you’ll want to know before starting a new family office.
See our exclusive list here.
JPMorgan’s top AI research exec details the 7 challenges her PhD-packed task force are trying to solve for the bank
From financial crime to employee empowerment, Manuela Veloso outlined the main challenges her team is trying to solve with AI. Here’s what else she and her team are working on.
Goldman Sachs CEO David Solomon just hinted at a raise for junior bankers in a matter of weeks
The CEO suggested the firm might look to raise comp in line with competitors in August during the bank’s second-quarter earnings call. Here’s what he said.
Fifth Third just tapped FIS to replace its $165 billion deposit system with a cloud-native one that’ll cut its development cycle to 1 month
Fifth Third is modernizing its legacy core with a shift to the cloud. Get the full rundown here.
Banks are rethinking their bond-trading tech as MarketAxess and Tradeweb help create a more competitive market
The growth of third-party trading firms are pushing banks to up their own tech capabilities. Read more on that here.
Goldman Sachs’ Marcus is rolling out its biggest ad campaign as it launches more products to take on other consumer banks
Ads feature Hollywood actress Rosamund Pike taking digs at other banks’ perks like free pens and coffee, and tout an annual percentage yield that is four times the national average. Find out more here.
3G’s merger of Kraft and Heinz is killing morale, causing burnout, and choking innovation, some employees say (Insider)
As it prepares to go public, Bird says business is rebounding. But a big mutual fund marked down shares by half. (Insider)
15 of the most promising digital advertising and media startups of 2021, according to top VCs and insiders (Insider)