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Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:
- Goldman Sachs is considering moving more than 100 salespeople and traders to West Palm Beach.
- Morgan Stanley CEO James Gorman wants the bank's US employees back in the office by Labor Day.
- JPMorgan CEO Jamie Dimon said he isn't planning on retiring anytime soon despite the bank's recent leadership shakeup.
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Goldman Sachs is in talks to move more than 100 salespeople and traders to West Palm Beach, as the move from Wall Street to Florida accelerates
Leaders of Goldman's sales-and-trading operation have asked desk heads to poll workers on if they want to relocate to West Palm Beach, according to a source. Read more on the once-unthinkable move.
Morgan Stanley CEO James Gorman wants US employees back in the office by Labor Day: 'If you can go into a restaurant in New York City, you can come into the office'
Morgan Stanley CEO James Gorman took a strong stance on the importance of employees getting back into the office. Here's what he said.
JPMorgan CEO Jamie Dimon says he intends to stay in his role for a 'significant amount of time' despite a recent leadership shake up hinting at his succession plan
JPMorgan's Jamie Dimon said he wouldn't retire within the next three years while speaking at a conference Monday. The statement comes despite recent talks of his successor.
Goldman Sachs just tapped Stephen Scherr's chief of staff to serve as CFO of its consumer business. Read the full memo announcing the promotion.
Reuters
Goldman Sachs promoted Liz Ewing, a nine-year veteran of the bank, to be CFO of the consumer division. Here's what we know.
Plaid quietly acquired a startup founded by 2 Robinhood alums in March, hinting at plans to push further into payments
Zach Perret, co-founder and CEO of Plaid
Plaid
Plaid
Plaid's March acquisition of Flannel, a fintech building payment APIs, is a signal of bigger plans at the $13.4 billion startup. Here's what we know about the deal.
Morgan Stanley is doubling down on its wealth business, and its co-president says client assets could swell by more than 50%, topping $7 trillion
REUTERS/Brendan McDermid
Morgan Stanley's sprawling wealth management unit could add some $3 trillion in five years. Here's what Andy Saperstein, Morgan Stanley's co-president, said about the future of the unit.
Crispin Odey believes inflation will bring a 'golden period' for M&A. He highlights why his bet on Distell could be a big winner.
Aaron Chown/PA Images via Getty Images
In a letter to investors, Crispin Odey said inflation will provide his fund with big opportunities - specifically, he said, merger arbitrage is an attractive strategy during periods of inflation. Get the full rundown here.
Odd lots:
Investors Clamor for a Bigger Piece of Payments Company Stripe (WSJ)
Wall Street's Return-to-Office Gulf Exposed by Goldman, Citi (Bloomberg)
Barely Hired at Morgan Stanley, Trading Savior Nears CEO's Perch (Bloomberg)
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