Wells Exits, Blackstone Office Return

Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week:

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Top mortgage lenders are leaving Wells Fargo

Wells Fargo; Samantha Lee/Insider

More than 20 top

mortgage lenders
at Wells Fargo have left in the past year. Insider has the details on the heavy oversight culture and clunky technology that led to the exits.

Jonathan Gray

Jonathan Gray, Blackstone’s president and chief operating officer.

Heidi Gutman/NBCUniversal via Getty Images

Blackstone is planning a full return to the office on June 7, President Jon Gray said on an internal Monday-morning call. See all the details here.

GettyImages 942027334

NurPhoto/Getty Images

Recruiters are seeing an uptick in searches for crypto roles as legacy firms such as Morgan Stanley and UBS wade into the space. Here’s how the battle for talent in the emerging industry is shaping up. 

For more on digital assets:

mens suits sags thumb

@danjlevy/Instagram; Leigh Keily/contributor; Lelund Durond Thompson/contributor

Wall Streeters are set to redefine office attire, whether they’re seeking out color and patterns to show off their personality at work or opting for something a bit more comfortable. Here’s what bankers are stocking up on. 

Kara Helander, the Carlyle Group

Kara Helander, the chief inclusion and diversity officer at the Carlyle Group.

The Carlyle Group

The Carlyle Group plans to recognize employees who are advancing the firm’s goals advocating for diversity, equity, and inclusion with monetary incentives. Kara Helander, Carlyle’s chief inclusion and diversity officer, told Insider why.

Blue Owl leadership

From left: Michael Rees, Marc Lipschultz, and Doug Ostrover.

Dyal/Owl Rock/Insider

Owl Rock and Dyal Capital’s Blue Owl

merger is nearing completion. Here’s how the new company is targeting further growth in private lending.

headhunters and recruiters sourcing talent for wall street 2x1

Samantha Lee/Business Insider

Two investment banks are joining the bevy of financial-services firms rolling out special perks and raises to hang on to junior talent. Here are all the details.

Wall Street people moves

Other stories readers loved this week

  • Public.com is offering up SPAC-specific data to users. The $1.2 billion fintech’s COO explains why it’s trying to simplify complex blank-check deals for investors.
  • Rising-star equity analysts give their 18 favorite stock picks of the moment, and explain why they recommend buying each one.
  • Citigroup is zeroing in on clients moving toward clean energy in what a senior banker described as a “super-mega trend.”
  • A rising star at the $8.8 billion Perceptive Advisors breaks down why the biotech hedge fund is so bullish on BridgeBio.
  • NBA star C.J. McCollum is shooting for billionaire status. He told us how he invests and whom he calls for advice.
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