Here are the top finance stories of the day for August 25

Hiya.

The last two weeks before Labor Day tend to be pretty quiet on Wall Street, but we won’t be slowing down. In particular, we could see some news break about high-profile startups officially launching their campaigns to go public.

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Harvard

Harvard Square in Cambridge, MA on June 30, 2020.

Getty Images


Take a peak inside one of the world’s most prestigious business schools to see how it’s ensuring its students still nab sought-after jobs and internships.

Reed Alexander got an exclusive look at how Harvard Business School has adapted in the wake of the coronavirus. Specifically, Reed spoke to administrators about how HBS has adjusted its recruiting schedule.

Traditionally, the timeline for companies to recruit from HBS was fairly standardized. But as a result of the coronavirus, things have changed, with a more flexible recruiting timetable and an army of virtual career coaches and mentors. 

Click here for the full story.


contactless payments finance 2 4x3



Samantha Lee/Business Insider


The speed of change in the payments industry over the past few months has been pretty incredible to watch. Shannen Balogh has the latest on what continues to be a growing trend: contactless payments. She has all the details on Visa’s investment in a fintech focused on that space.  


banker champagne



REUTERS/Ralph Orlowski


We’ve already covered total comp, but how do bonuses for first-year analysts stack up at the largest investment banks. Reed Alexander has you covered. Click here to see which bulge-bracket banks offer the biggest bonuses to their newcomers. 


FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann

FILE PHOTO: Logo of Swiss bank UBS is seen in Basel

Reuters


Rebecca Ungarino has all the details on UBS hiring a Goldman Sachs team of financial advisors. You can find all the info, along with insight about what it means for the wealth management space, by clicking here.


NYC Storm Clouds Getty Images



Gary Hershorn/Corbis via Getty Images


Just about everyone is, at the very least, thinking about how to use the public cloud. I got some advice from Bryson Koehler, Equifax’s chief technology officer, on what the best approach is. Click here for the full story.


 Odd lots:

A top M&A investment banker has sued NYC and a group of building companies over his wife’s death after she was crushed by debris that fell from a 17-story building (BI)

‘I work from 8am to 2am’: The lockdown life of overworked and underappreciated junior bankers (FinancialNews)

Money Funds Waive Charges to Keep Yields From Falling Below Zero (WSJ)

TikTok just sued the Trump administration. Here’s everything we know about the app’s future in the US — and everything we don’t. (BI)

A virtual law firm is hiring freelance lawyers to create a Netflix-style subscription legal service that could disrupt the US legal industry (BI)

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