Wall Street bonus season handbook — What happens to Roblox’s jilted bankers — Walmart launching a fintech

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The store that has everything wants to launch a fintech.

Walmart said on Monday afternoon it was starting a fintech “to develop and offer modern, innovative and affordable financial solutions,” according to a release. 

Details on the venture are vague, outside of the involvement of well-known fintech investor Ribbit Capital — which has backed the likes of Affirm, Robinhood, and Coinbase.

Walmart is no stranger to the world of fintech. It already runs a fintech accelerator — TailFin Labs — with banking-as-a-service provider Green Dot. 

And while it’s unclear what Walmart hopes to do with this unnamed fintech, there is no doubt it’s already in a fantastic position to succeed. The retail giant has millions of customers and employees to target with whatever it’s offering. With customer acquisition costs often a top-of-mind concern for startups, that gives Walmart’s project a massive leg up.

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Wall Street bonus announcements kick off this week — here’s when Bank of America, Citi, Goldman Sachs, JPMorgan, and Morgan Stanley will divulge the details

The bonuses are coming.

It’s the most wonderful time of the year for those in finance. A time when the pain and stress from the long hours put in all year are forgotten thanks to a healthy direct deposit. 

Year-end compensation will be particularly interesting this time around, as 2020 was such an unusual year. 

  I'm a business coach who made $400,000 while pregnant with my first child. Here are 5 strategies I lived by to balance motherhood and running a company.

We’ve got the full rundown on the entire 2021 bonus-announcement season. 

Click here to read the entire story.

Roblox’s jilted underwriters may still see a payday. Here’s how …read more

Source:: Business Insider

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