To compete, banks have written fat checks to acquire fintechs — tech, talent, and all.
But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success.
Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks.
It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley.
And perhaps, for Wall Street, that's the moral of the story.