Merrill All-in on Alts Elliott Shirks Crypto Biden Calls on CEOs

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Merrill Lynch wants more wealthy clients to access non-traditional assets

Keith Bedford / Reuters

The wealth manager is lowering the minimums so that its wealthy clients can access some non-traditional assets like real estate, private equity and private credit, according to an internal memo seen by Insider. The move comes as Merrill Lynch tries to improve employee morale and retain advisors. More on that here.

Elliott Management wants nothing to do with bitcoin

CNBC / Getty Images

Jonathan Pollock, co-CIO and co-CEO of Elliott, said the company was moving away from bitcoin, predicting that the Fed would launch an “electronic dollar” that devalues ​​the cryptocurrency. Read what else he said.

Biden called on bank CEOs to push for an increase in the debt ceiling

Kent Nishimura / Los Angeles Times via Getty Images

CEOs of some of the country’s largest banks met with the president to discuss the potential economic fallout from a debt ceiling default. Brian Moynihan of Bank of America and Jamie Dimon of JPMorgan Chase were in attendance, warning of the consequences of inaction.

The WFH may condemn us to an endless future of work

Apple; Zoom; Soft; Samantha Lee / Insider

While remote working gives employees more freedom than ever before, some experts say freedom can also be a burden allowing workers to log in early and stay late, and prevent them from enjoying life outside. work. Why “work from anywhere” starts to look more like “work from anywhere”?

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