The Presidential Daily Brief


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    Financial Companies Are Going After Tech Sector Talent

    Wall Street’s looking west. With fintech competitors on a mission to disrupt traditional financial institutions, giants like Citi and Deutsche Bank are raiding Silicon Valley for potential hires, poaching experts in artificial intelligence, machine learning and distributed ledger technology. But adaptation is key: Convincing tech workers to switch sides often means accepting looser dress codes and more relaxed working environments — while keeping the big salaries. That could mean banking’s culture as a whole might change for the better, or at least become more forward-looking.

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