Good friday! Click here for Aaron Wayne Munn. It was Thursday’s bumper that Amazon announced play in the primary care market and had a deal of about $ 4 billion to buy One Medical.
I’ll talk about that, but today it’s fun to unlock the Golden Handcuffs that trapped some of Wall Street’s financial advisers and help bankers get rid of layoffs and low-income hype. I would like to introduce the app. ..
And of course, our banker this week!
Alright, let’s go.
If this is sent to you Register here.. Download the Insider app here..
1. Wall Street has a string of financial advisers. Those who dare to leave can also endanger recruitment bonuses.
Wealth management companies like UBS and Morgan Stanley are attracting the best financial advisers from High Street with large loans. Constructed like a promissory note, it can change the life of a top-paying advisor. However, these loans are tied.
If the advisor stays in the company for several years and achieves performance goals, the advisor pays those notes. This can reach millions of dollars.
If Rainmaker continues to do business until the loan expires, it’s an easy win for both advisors and exchanges. But what if a successful advisor wants to test the employment market? They have to return the money.
These are the “ultimate golden handcuffs,” Lewis Diamond, president of Recruit’s Diamond Consultant, told insiders.
check Complete history From insider’s own millionaire hunter, Haley Cuchinero.
On the other hand, as mentioned above, investment banking earnings have been heavily burdened by the latest quarterly banking performance.
But bankers have found a way to get rid of their worries for those who are stressed by the potential for layoffs.
Goldman Sachs analyst Jake Chasan has a side job on the App Store. With his app Swirly, he can rub someone’s photo from the internet and use the photo he took. The person’s photo swirls around the virtual toilet bowl.
“People are worried and stressed on Wall Street,” Chasan told insiders. “Anyone I talk to can help me, from waiters to fellow bankers.”
I can’t imagine Goldman CEO David Solomon enjoying the idea that a fake dummy (Australian talking about going to the bathroom) turned his face red by a disgruntled staff member, but Chasan According to the app hit his colleague. ..
Please check here.
In other news:
2. Amazon has bet nearly $ 4 billion on the primary care industry. The tech giant has agreed to buy clinic operator One Medical for $ 18 per share in cash. This is Amazon’s third largest acquisition to date.
3. Some venture capitalists consider themselves part of people’s lives. This is 26 emerging fintech venture capital firms that continue to be excited about this area, despite many of their peers squeezing their budgets.
4. What do you get when you combine Bitcoin and pesos? Bitso, the leading crypto exchange in Latin America. The company attracts more than 4 million users in five countries and hopes that cryptocurrencies will help fight weak and high inflation in the region.
5. HSBC has set up a Communist Party committee at an investment bank in China, the Financial Times reported. This is the first foreign lender to establish such a committee in Japan.
6. The Amazon Aggregator party is over. These people were once the Queen of Proms and have accumulated billions of dollars in capital. Experts share what comes next as the money evaporates.
7. Goldman Sachs-backed Casabo has raised over $ 400 million in debt and capital. Real estate start-ups want to change the way people buy and sell homes online during difficult times for the industry, and Insider looked at a presentation of the 12 slides they used to raise money.
8. Coatue led a $ 60 million funding round at a tax automation startup. Take a look at the 25-page submission platform that Fonoa, founded by a former Uber employee, used to secure funding.
9. More and more companies are bringing talent to South Beach, which has stylish office space in Miami. According to Bloomberg, venture capital firm Andreessen Horowitz has opened an office in a building in Starwood Miami, and law firm Sidley Austin has signed a lease for a new location in the Brickell region.
10. And this is the banker this Friday. Meet Dan Pietrzak, co-head of KKR’s Private Credits.
He and his team have closed a $ 2.1 billion asset-based financial fund. This is KKR’s first fund dedicated to asset-backed financing.
Pietrzak has long been a fan of asset-backed securities and has helped close 54 transactions since joining the investment firm in 2016, earning a total of approximately $ 6 billion in cash.
Check out the full text here to find out why Pietrzac thinks KKR is ahead of its time with respect to this countercyclical asset class.