Bank of America is bumping US investment banker salaries by $25,000 for associates and VPs and $10,000 for analysts, as Wall Street fights to retain junior talent amid massive deal flow

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• JPMorgan makes Silicon Valley hires — Wall Street burnout spills into Big Law — Return to office updates Summary List PlacementHello, readers! Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week: JPMorgan wants to deepen its ties to Silicon Valley — and hired five people to help Archegos blowup shines spotlight on the risks lurking in swaps, family offices SPAC insiders say PIPE financing for deals is drying up and the market needs to take a "collective breath" Goldman gives updates on return-to-office plans for summer interns and full-time…
• UK BANKING CHANNEL FORECAST: How shifting consumer habits and the coronavirus pandemic are shaping future usage of and informing banks' investments in branches, digital and mobile banking,… Summary List Placement Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Banking industry.  You can learn more about becoming a client here. The following is a preview of one Banking report, the The UK Banking Channel Forecast. You can purchase this report here. The UK banking space is experiencing a push toward digital channels — driven by branch closures, consumer preference for digital, declines in cash usage, and changes brought about by the coronavirus pandemic. The…
• USAA offers the most sought-after mobile banking tools among the largest US financial institutions in 2020 Summary List PlacementUSAA offers the most sought-after mobile banking tools among the largest US financial institutions in 2020, according to Insider Intelligence's fourth annual US Mobile Banking Competitive Edge Study. US mobile banking penetration is rising amid the coronavirus pandemic, as is consumers' reliance on the channel. Insider Intelligence forecasts that for the first time, more than half (55.1%) of the US population will use mobile banking this year. And for many, it's more than a stop-gap measure for traditional…
• AI IN BANKING: How forward-looking banks are using maturing AI solutions to design both customer- and employee-facing innovations Summary List PlacementAI in banking is maturing and entering the mainstream as financial institutions (FIs) roll out AI solutions across their businesses. This marks a move beyond the experimental for the technology, with a solid majority of global financial services firms either having implemented or currently working to implement AI solutions in business domains like risk management (77%), generation of new revenue potential through new products or processes (80%), customer service (74%), process re-engineering and automation (73%), and client acquisition…
• THE BANKING-AS-A-SERVICE REPORT: The major players and best practices behind the business model that's reshaping incumbents' DNA Summary List Placement Do you work in the Banking industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. The following is a preview of one Banking report, the Banking-as-a-Service Report. You can purchase this report here. Banking-as-a-Service (BaaS) — when banks or fintechs offer up their own services for other companies to use, enabling third parties to provide banking services — is starting to explode as an offering as more providers get…
• The best banks and credit unions in California for 2021  Summary List PlacementThis post was reviewed and updated on April 1, 2021. The best banks in California for April 2021   Category Savings APY Number of CA branches Next steps Best for a checking account 0.01% to 0.05% 967 Chase Chase Total Checking® Best for a savings account 0.50% None, online only Ally Ally High Yield Savings Account Best for checking and savings account 0.04% to 0.15% 291 Citibank Citi® Savings Account Best credit union 0.05% 73 Golden 1 Credit…
• CASE STUDY: How Goldman Sachs changed the retail banking game — by entering it (GS) Summary List PlacementDigital-only banks are redefining retail banking in major markets around the world. Spurred on by consumer frustrations with incumbents and growing willingness to use digital channels for accessing financial services, these tech-savvy players have acquired customers at pace and ramped up pressure on established firms. In the US, these challengers got off to a slower start than elsewhere, especially compared with Europe. But they've begun gaining traction in the last year. One of the most unique players at…
• The best bank account bonuses of April 2021  Summary List PlacementThis post was reviewed and updated on April 1, 2021. Choosing a bank is a big decision. So many bank accounts come with similar interest rates, minimum opening deposits, ATM fees, and monthly charges. When they start to look interchangeable, a cash bonus can be the tipping point. Below, we've listed the best bank account bonuses for April 2021. The best promotions are for regional and national banks, and many companies offer hefty bonuses if you follow a…
• Commercial real estate visionary Bill Lee dies at 78 Bill Lee was having a successful career at a large, national real estate brokerage when the idea struck him that maybe he could make more money on his own. And maybe, the agent thought, he could create an office that was more collaborative, more productive and more enjoyable to work at. With four fellow Grubb & Ellis co-workers, Lee launched his independent office in 1979 in what was then the south Orange County community of El Toro. Unlike the big,…
• BANK OF AMERICA: Buy these 14 semiconductor stocks poised to benefit from Biden's multi-trillion dollar infrastructure plan — including 1 set to surge 39% Summary List PlacementPresident Joe Biden has unveiled his $2.25 trillion infrastructure proposal This is the first part of a four-part eight year plan, paid for by tax hikes on businesses. The proposal covers a range of areas, from a $621 billion investment in electric vehicles and transportation to a $480 billion in spending on manufacturing subsidies, research and development, as well as a $200 billion investment in broadband. Bank of America analysts said in a new report said the plan should…