Morning Scan: Junior Banker Focus; Fintech Regulation Vacuum

Receiving Wide Coverage ...

Juniorization: While investment banks have cut compensation costs by 21% on average since 2009, they've only made staff cuts of 3% in the same time. Companies have been increasing their employee retention efforts initiative to improve the work-life balance of its more junior bankers. Once able to attract young talent with a large salary alone, banks must compete with the technology industry and other areas of finance that offer young workers competitive...