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Inside Goldman’s Marcus: key tech exits, new ‘audio only’ Fridays, and big plans for engineer hires

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Hello readers,

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

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Burnout, blown deadlines, and a tech-talent exodus: How Goldman Sachs’ Marcus is struggling to live up to its lofty consumer-banking ambitions

marcus goldman sachs burnout 2x1

Employees of Goldman Sachs’ consumer business are quitting in large numbers, sources say. Goldman engineers and product managers are suffering from burnout and top-down management.

Marcus instituted “audio only” meetings on evenings and Fridays and is hiring more engineers to offset the crunch. Read more here. 


SoFi wants to democratize IPOs by getting into the underwriting game. Here’s how that could work out.

Anthony Noto SoFi

SoFi has said it is looking to compete against the largest investment banks by underwriting IPOs of certain companies itself, in addition to participating in IPOs like other retail brokerages. Here’s how that could work and what the big challenges are. 


The cofounder of Greenwood, a digital bank geared toward Black and Latinx users, details the fintech’s $40 million Series A and how it’s grown a waitlist 550,000 strong

Ryan Glover

Greenwood is a banking app designed for Black and Latinx communities. In late March, the startup announced a $40 million Series A round. Cofounder Ryan Glover and Truist Ventures head Vanessa Vreeland detail how the deal came together.


Lone Pine, Candlestick, and Holocene among the big-name hedge funds hit hard in March

data screen hedge fund alt

March was a rocky month, partially thanks to the implosion of Bill Hwang’s family office Archegos. Big-name managers stumbled, including long-running Tiger Cub Lone Pine. Here’s a rundown.


Wall Street firms are trying to outdo each other with pay and perks 

money sheetAcross Wall Street, firms are competing with one another to retain junior talent. The push to incentivize young workers to stay comes after a grueling year of working from home on rapid-fire deals. 

Here’s a look at the latest moves:


Wall Street return-to-office updates

remote working


Must-know Wall Street hires and exits


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