Thursday 24 June 2021

Citizens eyes mass affluent following HSBC deal

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"Bitcoin Bull" by Trevor Jones.

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

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.


Citizens Bank is in a 'mad experimentation period' to grow into a national powerhouse after buying HSBC's US biz

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We spoke with Citizens Bank CEO Bruce Van Saun, who detailed the regional bank's digital strategy for branching out.

Here's what he told us.


Raymond James' investment-bank president wants to double the healthcare group's revenue in 3 years as biotech remains hot

Jim Bunn, Raymond James

Raymond James' top banker, Jim Bunn, explained why biotech is the key to the firm's growth in healthcare. Here's how he plans to capitalize on the hot biotech market.


Here's T. Rowe Price's gameplan for pushing further into the $7 trillion private-investing space

Chris Newman, a top institutional executive at T. Rowe Price, in front of a gray background.

Chris Newman, head of the Americas for T. Rowe Price's institutional business, spoke with Insider about the $1.6 trillion asset manager's push into alternative investments, like private credit. Take an inside look at the firm's strategy.


How JPMorgan is doubling down on digital investing with its robo-advisor acquisition

JPMorgan CEO Jamie Dimon.

The firm is acquiring Nutmeg, a UK digital wealth manager with some £3.5 billion in assets. More on that here.


A tiny ESG hedge fund took on Exxon - and won. Now Engine No. 1 has a new play for transforming activist investing.

Exxon Baton Rouge refinery
An Exxon refinery in Baton Rouge, Louisiana

Managing director Michael O'Leary walked Insider through how the fund thinks about activism. Here's what he said.


The Biden administration has named a secretive private equity mogul with significant investment interests in climate-related businesses to help shape the US's response to the climate crisis

Biden
President Joe Biden

Mark T. Gallogly, a Centerbridge Partners cofounder, is a special advisor to Biden's climate envoy. Find out more about the appointment.


Odd lots:

The SPAC Man Method: Inside the Billionaire Rush for Riches (Bloomberg)

Traders lose opportunity to lock-in pay rises as market softens (eFinancialCareers)

SPAC Backed by Father Gains 84% Buying Firm Run by Daughter (Bloomberg)

Take this personality quiz to find out if you work best from home, in an office, or something in between (Insider)

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