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In 2017, Insider highlighted its first crop of rising stars on Wall Street. of rising stars on Wall Street. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. For the last five years, Insider has been highlighting some of the best and brightest on Wall Street. Here's what 13 Wall Street rising stars are up to five years on.

☆ Wall Street's love language is coding. Here are the ones you need to know.
▼ + stars: | 2022-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Bianca Chan and Carter Johnson dug into the most sought-after coding languages across Wall Street. C++, which was created in 1983, is still a mainstay despite being older than a good chunk of the people using it on Wall Street (and the person writing this newsletter). While that's certainly true, plenty of programming languages have sticking power. Perhaps the best example is COBOL, a 63-year-old programming language still being used today. But what would be a smart decision is reading this story mapping out the top programming languages for a variety of roles and industries across Wall Street.

☆ Want to work in tech on Wall Street? These are the 8 coding languages that are most in demand.
▼ + stars: | 2022-11-18 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

Coding languages are a foundational element of any tech job, but not all are made equal. But skilled technologists or those wanting to make a career switch into tech might still find a home on Wall Street. As it turns out, not all programming languages are made equal and some are more relevant to certain corners of Wall Street than others. Insider spoke with recruiters, Wall Street tech execs, and industry insiders, and analyzed job postings to get the low down on in-demand skill sets. Here are the top coding languages to know to land a tech job on Wall Street.

☆ Leaked memo: Here's how Walmart is enticing its 1.6 million employees to sign up for its newly acquired online bank
▼ + stars: | 2022-11-09 | by ( Ben Tobin | Carter Johnson | ) www.businessinsider.com time to read: +5 min

But some Walmart employees are skeptical. A Walmart employee from Michigan who wished to remain anonymous asked, "What does Walmart get out of this?" The memo sent from One to Walmart employees specified that users aren't required to have a One account to get their paychecks from Walmart. The rollout of One to Walmart employees comes as current users of the neobank have expressed frustration that features they liked have disappeared in the wake of the acquisition. Many said they received little or no communication about changes to their accounts and described fears of being left behind as One execs turned their attention to Walmart employees and customers.

☆ Vanguard's head of tech details the asset manager's move to the public cloud that's already helped it cut costs by 30%
▼ + stars: | 2022-11-07 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

Vanguard's tech chief is ready to play the field when it comes to the public cloud. Since Vanguard's first big push into public cloud in 2019, the firm has primarily relied on Amazon Web Services for much of its cloud tools. Similarly, he referenced the potential of Google Cloud Platform's "analytics capabilities" as another potential selling point. The public cloud is one of five main pillars of Vanguard's broader modernization of its application portfolio that began around 2019. In 2021, AWS detailed how the tech giant meets with Vanguard's Cloud Business Office monthly to review costs, and in one instance reduced its serverless compute expenses by 50%.

☆ A Walmart-backed fintech has been making changes to an online bank it acquired. Long-standing customers are getting fed up.
▼ + stars: | 2022-11-02 | by ( Carter Johnson | Ben Tobin | ) www.businessinsider.com time to read: +15 min

But once the Walmart-backed fintech venture Hazel acquired One and adopted its moniker in January, some of the features that drew Gastley to the bank disappeared. The page has become, in some cases, the first place customers turn to for information about product changes. (Like most neobanks, One has partnered with a sponsor bank, the Washington-based Coastal Community Bank, to provide financial services.) But then One customers received an email from the bank on May 12: It would be closing current credit lines, effective immediately. That's not the only change to Pockets for which Joseph, who has dozens of the virtual bank accounts, didn't receive a notification about, he said.

☆ Walmart-backed One has made a splash with high-profile hires and big potential, but customers of the old regime feel left behind
▼ + stars: | 2022-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The ones left behindHaving your bank acquired by the nation's largest retailer might seem like an exciting opportunity. Read our full deep-dive into how One customers feel frustrated by changes made to their bank in the wake of its acquisition. In other news:Diddy, Heidi Klum, and Mindy Kaling are just a few of the many celebrities that celebrate Halloween with statement looks. Diddy/Instagram; Noam Galai/Getty Images for Heidi Klum; Mindy Kaling/Instagram2. Credit to Heidi Klum for going all in.

Meanwhile, the number of "mega-deals" — or funding rounds of more than $100 million — dropped to its lowest level since 2018, CB Insights also reported. According to CB Insights, the volume of payments-related dealmaking reached nearly $4 billion, or slightly less than a third of all fintech funding. And while that's not a record-breaking amount, payments are accounting for a larger amount of the fintech funding pie. One year ago, when third-quarter fintech funding topped $36 billion in the midst of a bull market, payments accounted for roughly 20% of overall funding volume. But even amid a relative pullback in broader fintech funding, payments represent a safe, evergreen thesis because it is a largely complicated and analog space.

☆ 4 things to know about Wall Street veteran Michael Klein, the incoming CEO of CS First Boston, Credit Suisse's spin-off of its investment bank
▼ + stars: | 2022-10-27 | by ( Carter Johnson | ) www.businessinsider.com time to read: +2 min

Michael Klein was named CEO of CS First Boston, Credit Suisse's spin-off of its investment bank. Klein is a Wall Street veteran, having spent more than two decades at Citigroup. Michael Klein, a Credit Suisse board member that helped the bank conduct its strategic review, has been tapped to take the helm at CS First Boston starting in 2023. Klein is no stranger to dealmaking on Wall Street, having spent more than two decades at Citigroup before eventually setting up his own advisory shop in 2010. Here's everything you need to know about the man tasked with reinvigorating the Swiss bank's advisory arm.

☆ Fintechs have been getting crushed this year, but the sector's biggest investors say payments are a key area to watch in 2023. Here's what they are most excited about.
▼ + stars: | 2022-10-26 | by ( Emilia David | Carter Johnson | Bianca Chan | ) www.businessinsider.com time to read: +2 min

Wall Street banks committed to helping Elon Musk finance his $44 billion takeover of Twitter stand to $500 million in the process, by some estimates. One of Musk's banks has even told its staff to expect a borrowing notice from Musk by today, Bloomberg reported. But don't feel sorry for the banks just yet — a group that comprises Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. The group consists of Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho, and SocGen. Birchall's eldest son Benjamin even interned at Morgan Stanley for his ex-colleagues Frank Malone and Jon Neuhaus in the summer of 2021.

☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

☆ PayPal is trying to leverage its $4 billion deal for Honey with a new feature that combines cash-back rewards across the payments giant. Here's why it made the change ahead of the holiday season.
▼ + stars: | 2022-10-17 | by ( Emmalyse Brownstein | Carter Johnson | ) www.businessinsider.com time to read: +5 min

PayPal is combining cash-back rewards earned through Honey, PayPal's debit and credit cards, and the PayPal app. PayPal acquired Honey in 2019 for $4 billion, and this is its latest strategy to "leverage" the browser extension product. The payments giant will announce on Monday plans to combine the cash-back perks of several of its offerings into one system, called PayPal Rewards. The new tool will allow customers to pool cash-back rewards earned from their various products: the PayPal app, PayPal Honey, and, in the future, PayPal's Cashback Mastercard and PayPal's debit card. The expansion of PayPal's rewards offering also comes as established competitors like JPMorgan Chase,Wells Fargo, and CashApp continue to leave an impression on the market.

☆ What recession? JPMorgan is growing headcount and standing firm on its plans to spend big on tech despite its own CEO's recession warnings.
▼ + stars: | 2022-10-14 | by ( Carter Johnson | Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

JPMorgan CEO Jamie Dimon sounded the recession alarm earlier this week, saying he sees one in 6 to 9 months. But on Friday, the bank said it's growing headcount and moving forward with aggressive spending plans. But notable among JPMorgan's financial figures was headcount growth. This quarter, headcount overall at the bank was 9% higher than the same time last year, at roughly 288,000 employees worldwide. The growth in employees at JPMorgan came in contrast to Wells Fargo, which also reported earnings Friday.

Insider selected 25 young professionals 35 and under for its rising stars of Wall Street list. We asked 2022's rising stars of Wall Street about the books they most recently picked up and the podcasts they turn to regularly. Their selections range from books on building "your second brain" to fantasy football strategy shows. Below is the full selection of 15 books and 8 podcasts, that show how they spend a little bit of their free time and what they took away from them. Browse the shelves and Spotify playlists of Wall Street's up-and-comers.

☆ Google and Amazon are two of the biggest poachers of Goldman's tech talent. We mapped out the top 10 firms snapping up the bank's recent departures.
▼ + stars: | 2022-10-12 | by ( Bianca Chan | Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +7 min

Amazon was the biggest poacher of Goldman tech talent from June to August. The organization tracked the LinkedIn profiles of people who left Goldman Sachs and picked up another job from June through August. Wall Street's tech hiring ambitions ramp up as tech powerhouses and startups pull backNonetheless, the demand for tech talent on Wall Street has remained strong. JPMorgan, the biggest beneficiary of the departures, hired 18 former Goldman Sachs employees. Citi and Morgan Stanley were also among the top poachers of Goldman talent, with the firms both scooping up 12 Goldman employees each.

☆ Citizens is targeting wealthy clients with the launch of a new private bank. Here's how the firm is beefing up its wealth management business.
▼ + stars: | 2022-10-11 | by ( Carter Johnson | Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

On Tuesday, Citizens said it plans to launch a new private bank by the end of the year. Citizens Private Client will cater to customers with $200,000 more in deposits or investments. Citizens Private Client is intended to retain these customers as their financial needs become more complex. Private banking is a profitable business with relatively stable revenue that is often based on fees. The new private bank program is the latest step in Citizens' strategy to beef up its wealth management offerings.

Insider asked more than 40 investors to identify top up-and-coming fintechs. Investors nominated startups both inside and outside of their own portfolios. Insider surveyed 43 investors — including those from Bain Capital Ventures, Lightspeed Venture Partners, and QED Investors — about the most promising fintechs to watch. Startups that were nominated included a mix of investors' portfolio companies and ones they have no financial interest in. As was the case last year, the majority of those nominated work with other businesses, not individual consumers.

☆ Meet the brightest investors and dealmakers under 35 from firms like Blackstone and Bridgewater navigating today's choppy markets.
▼ + stars: | 2022-09-29 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

After months of interviews and countless rounds of fact checking, meet 25 best-in-class investors, traders, and dealmakers under the age of 35, from firms like JPMorgan, BlackRock, and Apollo, among others. Here is the latest crop of rising stars — Wall Streeters under the age of 35 who are pushing their teams to the top. The end result celebrates people from all walks of life who are infusing new ideas at the biggest firms. He works across the firm's funds TPG Capital and TPG Growth, and also covers TPG's impact-oriented initiative called The Rise Fund. HBCUvc's operating chief reviews hundreds of applications for the program that offers paid internships at VC firms.

☆ The rising stars of Wall Street: Meet 25 outstanding young investors, traders, and dealmakers at firms like Blackstone, JPMorgan, and Bridgewater
▼ + stars: | 2022-09-28 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +2 min

Akash Pradhan, 33, TPGTPGWhen Akash Pradhan needs to clear his head, the 6'1" principal at TPG heads to the basketball court. The San Francisco Warriors fan's love of sports led him to his first job with The Raine Group. As an analyst at Raine, the company exposed Pradhan to M&A advisory and private-equity investing. Over the past five years, Pradhan has been involved in or helped lead deals that total roughly $3 billion in invested capital. "I'm proud to have changed people's thought processes and perspectives on a particular industry we ended up investing in."

☆ Emergency savings account startup SecureSave has partnered with the likes of the San Antonio Spurs and Truist. See the fintech's 20-slide seed fundraising deck.
▼ + stars: | 2022-09-27 | by ( Carter Johnson | ) www.businessinsider.com time to read: +4 min

SecureSave, a fintech launched in 2020, works with employers to offer emergency savings accounts. The origins of SecureSave — a Kirkland, Washington-based fintech that works with companies to offer emergency savings accounts, or ESAs, to employees — began with a single email to a Seattle-based venture studio and investor. In some ways, emergency savings accounts resemble health savings accounts, through which workers can set aside pre-tax earnings to save for medical care. In the US, health savings accounts have grown over time into a nearly $100 billion industry, by assets under management, according to the HSA industry group Devenir. But according to Miller, employers are recognizing that ESAs can pay for themselves — through employee retention and as a competitive advantage when hiring.

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ From quantum computing to augmented reality, here's how 10 top Wall Street firms are looking to use cutting-edge tech
▼ + stars: | 2022-09-26 | by ( Carter Johnson | Bianca Chan | ) www.businessinsider.com time to read: +3 min

JPMorgan is preparing for a quantum futureDavid Castillo, Andrew J. Lang, and Marco Pistoia. The difference could allow users of the tech to process algorithms and execute calculations at blistering speeds. That's because quantum computing uses quantum mechanics, a kind of physics that leverages quantum bits, or qubits, instead of ones and zeros used by classic computers. But JPMorgan researchers say there are signs the industry is getting close to the point where quantum computers can process real-world problems faster than classic computers, often referred to as quantum advantage. The platform, run by Castillo, is also hardware-agnostic, meaning it can interface with quantum computers from different providers without needing to rewrite the application code.

☆ A Microsoft exec just joined Bank of America for a new role at the bank focused analyzing and innovating with customer data
▼ + stars: | 2022-09-23 | by ( Carter Johnson | ) www.businessinsider.com time to read: +3 min

Bartholf will report to David Tyrie, the bank's chief digital officer and head of global marketing. Like other Wall Street firms, BofA faces an abundance of data as customer interactions go digital. Bank of America just nabbed a top exec from Microsoft as the nation's second-largest bank looks to build out a new data and analytics team. Bartholf will head up a new, centralized group at the bank focused on data, the memo said. Based in Charlotte, Bartholf joins Bank of America after spending more than two decades at Microsoft.

☆ Inside how Cash App is redefining company merch with an in-house fashion line that includes $300 ponchos and handmade crochet cardigans
▼ + stars: | 2022-09-21 | by ( Asia Martin | Carter Johnson | ) www.businessinsider.com time to read: +7 min

Cash App launched a new clothing brand, Cash by Cash App, during the pandemic. In a bid to stand out in a crowded payments market, Cash App launched a fashion brand, Cash by Cash App, in 2020.he line initially offered athleisure styling amid the pandemic. Then, last November, Cash App worked with rapper Megan Thee Stallion on an outside, limited-edition collection that Liang Shi, head of Cash by Cash App said sold out of the few hundred units created. Three women model Cash App robes and Fenty Beauty leisure wear at Afterpay, Cash App & Tidal's Front Row To NYFW Party on September 13, 2022, in New York City. Cash App's Ferdon said that Cash by Cash App "is pretty well integrated" into the company's broader payments "ecosystem."

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