Reed Alexander

New York

Wall Street Correspondent at @businessinsider ▪ Professor @miamijournalism ▪ Signal: 561-247-5758 📞 Formerly CNN, Dow Jones 📡 @icarly

Articles

Citi's 'accelerating' its AI strategy with new leaders. Here's how they're readying the firm for a new future.

1 week ago | businessinsider.com | Michelle Abrego |Reed Alexander |Henry Blodget

Citigroup's Jane Fraser is on a mission to modernize the global bank. Three executives have been appointed to ensure AI plays a big role in that. As part of the push, the firm — which has long struggled with its reputation issues, some of which are directly tied to tech — said it's unveiling new tools, pilot programs, and a broader effort to embed AI across its operations, in a memo seen by Business Insider.
Private equity took Jamie Dimon's warnings to heart. Here's why.

1 week ago | yahoo.com | Reed Alexander |Emmalyse Brownstein |Alex Nicoll

JPMorgan recently drew a line in the sand over private equity's recruiting of its newbie bankers. Within days, Apollo and General Atlantic said they would bow out of the practice this year. Here are some of the other factors that may have played a role in their decision. When Jamie Dimon speaks, people listen. Early last week, the JPMorgan CEO blasted the practice of private equity firms hiring junior bankers for future-dated jobs.
Private equity took Jamie Dimon's warnings to heart. Here's why.

1 week ago | businessinsider.com | Kaja Whitehouse |Reed Alexander |Emmalyse Brownstein |Alex Nicoll

When Jamie Dimon speaks, people listen. Early last week, the JPMorgan CEO blasted the practice of private equity firms hiring junior bankers for future-dated jobs. Days later, buyout shops Apollo Global Management and General Atlantic heeded the warning and announced they'd stop the recruiting tactic. Even Apollo's CEO, Marc Rowan, seemed to credit Dimon for his firm's decision.
From frustration to elation: What Wall Street thinks about the potential death of the private equity recruiting race

2 weeks ago | businessinsider.com | Kaja Whitehouse |Emmalyse Brownstein |Alex Nicoll |Reed Alexander

Investment giants Apollo and General Atlantic sent shockwaves through Wall Street this week when they pulled out of the private equity industry's annual rat race for junior talent. Now, the question on everybody's lips is: What happens next? Is the private equity industry's widely criticized recruiting process for junior talent on the verge of collapse — or just on pause? Who stands to gain — or lose — the most from the new normal?
General Atlantic, a $108 billion buyout shop, just pulled the plug on the private equity recruiting practice slammed by Jamie Dimon

2 weeks ago | businessinsider.com | Kaja Whitehouse |Emmalyse Brownstein |Reed Alexander |Henry Blodget

2025-06-12T13:32:38Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. General Atlantic halts 2027 associate recruiting, a day after Apollo also pulled the plug.
Apollo pulls the plug on recruiting practice that led to JPMorgan crackdown: See the memo

2 weeks ago | businessinsider.com | Kaja Whitehouse |Emmalyse Brownstein |Alex Nicoll |Reed Alexander

One of the most prominent private equity firms is pulling back on a controversial recruiting practice that has drawn criticism from banking leaders like JPMorgan Chase CEO Jamie Dimon. Apollo, which manages $785 billion in assets, told would-be candidates for its 2027 associate class that it will not participate in recruiting for their cohort this year. The news, communicated via email, was sent by Apollo's cohead of private equity and head of human capital on Wednesday.
JPMorgan CEO Jamie Dimon's advice to managers: Stop running meetings to impress the boss

2 weeks ago | businessinsider.com | Kaja Whitehouse |Reed Alexander |Henry Blodget

If you work for Jamie Dimon, fair warning: The best way to impress him at a meeting might be to tell him what your team is doing wrong. At a Morgan Stanley financial conference on Tuesday, the JPMorgan Chase CEO said he wants his teams to come to meetings and be radically honest about the problems they're facing so they can workshop them — versus hoping they will go unnoticed.
Citi challenges Wall Street norms with two weeks remote work in August

2 weeks ago | businessinsider.com | Kaja Whitehouse |Reed Alexander |Henry Blodget

Citi CEO Jane Fraser is doubling down on work from home at a time when more companies — from Wall Street to Silicon Valley — are demanding employees return to the office five days a week. Citigroup on Monday announced two weeks of fully remote work in August for its hybrid employees, the majority of whom are required to be in the office at least three days a week.
Can JPMorgan be unionized? Employees turn to their peers at Wells Fargo for advice.

3 weeks ago | businessinsider.com | Kaja Whitehouse |Reed Alexander |Henry Blodget

A budding movement is taking shape to unionize staffers at JPMorgan Chase, America's biggest bank by assets. If the yearslong unionization effort at Wells Fargo is any indication, they could have a long road ahead. Last week, JPMorgan's organizers hosted a virtual meeting with a unionizer who was involved in Wells Fargo's effort to "share lessons learned," according to an email shared with members earlier this week.
Jamie Dimon just made good on his promise to crack down on bankers with hush-hush private equity jobs

3 weeks ago | businessinsider.com | Kaja Whitehouse |Reed Alexander |Alex Nicoll |Emmalyse Brownstein

JPMorgan is warning junior bankers against taking future-dated jobs with buyout firms — or even sneaking out of job training to take interviews. On Wednesday, JPMorgan Chase's top investment banking brass sent a memo to incoming first-year IB analysts warning them against participating in the private equity industry's annual recruiting ritual.

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Reed Alexander @reedalexander

14 Nov 24

RT @Jeffrey_Cane: How a marketing army at Goldman Sachs ran into some friendly fire. via @reedalexander https://t.co/iJAuUGbUGr

Reed Alexander @reedalexander

2 Aug 24

RT @kajawhitehouse: Goldman Sachs just unveiled a new look. @businessinsider reporters @reedalexander and Emmalyse Brownstein published the…

Reed Alexander @reedalexander

25 Jul 24

RT @Jeffrey_Cane: Goldman Sachs has a new look. You may have to squint to notice the changes. Scoop! from Emmalyse Brownstein and @reedale…

Reed Alexander

Articles

Citi's 'accelerating' its AI strategy with new leaders. Here's how they're readying the firm for a new future.

Private equity took Jamie Dimon's warnings to heart. Here's why.

Private equity took Jamie Dimon's warnings to heart. Here's why.

From frustration to elation: What Wall Street thinks about the potential death of the private equity recruiting race

General Atlantic, a $108 billion buyout shop, just pulled the plug on the private equity recruiting practice slammed by Jamie Dimon

Apollo pulls the plug on recruiting practice that led to JPMorgan crackdown: See the memo

JPMorgan CEO Jamie Dimon's advice to managers: Stop running meetings to impress the boss

Citi challenges Wall Street norms with two weeks remote work in August

Can JPMorgan be unionized? Employees turn to their peers at Wells Fargo for advice.

Jamie Dimon just made good on his promise to crack down on bankers with hush-hush private equity jobs

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