Insider finance: BofA asks for vax statusApril 29, 2021
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- Wealthfront is allowing users to customize their portfolios in a bid to meet the rise in retail trading.
- A Goldman Sachs-backed startup rolled out a new feature to help non-financial companies launch digital credit cards.
- Bank of America wants employees to voluntary disclose their vaccination status.
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Fintech Wealthfront is rolling out new portfolio customization tools, ESG options, and crypto features as it looks to keep pace in the competitive robo-advisor space
More on Wealthfront’s plans to keep up in the robo-advisory space.
Bank of America is asking employees to voluntarily disclose vaccine status, as Wall Street looks to get staffers back in the office
Bank of America is asking staff to voluntarily disclose their vaccine status, with some 7,000 employees in the wealth management unit having already done so. Read more here.
Goldman Sachs-backed startup Deserve just launched digital-first credit-card software aimed at tapping into the rise of embedded finance
Deserve’s clients can issue cards digitally, and embed features like spend and rewards tracking within their own apps. Get the full rundown here.
FIS launches its own real-time payments network, RealNet, as demand for faster money movement rises
With real-time payments adoption on the rise, FIS is launching its own network. It will first focus on B2B use cases, before rolling out offerings catered toward consumers and governments. Here’s what you need to know.
Thoma Bravo just scored a record-setting loan from Owl Rock to fund a $3.75 billion fintech purchase, as the private credit boom ramps up
Thoma Bravo just scored $2.3 billion from Owl Rock to support its purchase of Calypso Technology. Learn more here.
Citadel poached Citi’s head of equity derivatives trading in the US, the latest in a string of exits in the bank’s trading unit
Citadel hired Citigroup’s Dan Baranovsky as a portfolio manager in equity volatility. Here’s what we know.
Morrison & Foerster is starting to track its lawyers’ calls, emails, and website visits in an effort to squeeze out billable hours, according to a leaked email (Insider)
Before CEO’s Ouster for LSD Use, Iterable Investor Sold Stake to Silver Lake (The Information)
Charles de Vaulx’s apparent suicide a tragic Wall Street tale (New York Post)
Deutsche Bank Sees Remote Work for Up to Three Days a Week (Bloomberg)
Robinhood seeks trademark on ‘HOOD’ (Protocol)
California Is Awash in Cash, Thanks to a Booming Market (The New York Times)
Robinhood Has a Customer Service Problem (WSJ)
JPMorgan wants to appeal to younger investors with new ad campaign (CNBC)
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