Wall Street Crypto Experts – BofA Mortgage Exodus – Litigation Funding Players

Hello readers.

Happy Saturday and welcome to Insider Finance. Here’s a look at the must-see stories from the past week:

  • Bank of America mortgage bankers are stop frustration on call quotas, cross-selling mandates and a new compensation system
  • the bankers, brokers and big money transforming litigation funding from the haste of lawyers to a multi-billion dollar asset class
  • Merrill Lynch finally gives answers to training advisors prohibits cold calls and shortens the development program
  • Meet 11 from Wall Street top crypto experts that help investors understand and trade mania

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Bank of America faces mortgage business exodus

Bank of America has lost dozens of sellers from its mortgage unit, sources say. The departures came after changes in job responsibilities, salary structure and loan standards. Read on here.

Powerful players in litigation financing

From left to right: Ralph Sutton, Aviva Will, Brandon Baier and Stuart GrantDavid Lubarsky; Shane Nelson; Provident capital; Bench walking advisers; Marianne Ayala / Insider

Litigation funding is growing, with $ 11 billion invested or ready to invest in lawsuits. What was once a niche industry is now teeming with consultants, bankers, and state-owned companies. Here is that shapes the land.

Merrill Lynch revises financial advisor training program

Wall Street Crypto Experts - BofA Mortgage Exodus - Litigation Funding Players
FG Trade / Getty Images

The company said it would ban cold calls, shorten the program and target high graduation rates. Merrill had suspended cold calls from interns last year after a series of outreach-related violations. Get the full rundown here.


Meet the 11 Crypto Brains from Wall Street Companies like JPMorgan, Bank of America, and Morgan Stanley Who Help Clients Understand Mania – and Invest In It Successfully

Wall Street Crypto Experts - BofA Mortgage Exodus - Litigation Funding Players
Ronit Ghose, Marion Laboure, Yassine Elmandjra and Lisa Shalett.Citi; German Bank; ARK Invest; Courtesy of Lisa Shalett; Shayanne Gal / Insider

The pros told us how they got involved in crypto research, and shared their industry outlook.

Other stories readers loved this week

  • Companies like BCG and McKinsey are offering consultants new bonuses, vacation bonuses, and perks. Here is a preview.
  • Sharebite nabbed a $ 15 million Series A former co-founders of investment bankers looking to compete with food delivery competitors like Seamless and disrupt the way lunches on Wall Street
  • Here are 4 York Capital Alumni starting their own funds after billionaire Jamie Dinan pulled his company out of the hedge fund game
  • Wells Fargo’s status as top lender to U.S. restaurants is threatened after a rival poached 8 of his bankers to target chains like Chipotle and Olive Garden

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