Finserv Reading - Week ending August 4, 2024


Banking

US authorities probe Wells Fargo over money laundering violations

Smaller FIs turn to digital vendors to compete with big banks CX

70% of small businesses want better cash management services from banks

46% of US consumers say they're ready for open banking

Is it time for banks to turn and face the change?

The true potential of open finance

How I got 'hacked' and what that says about the banking system

Challenging the banks

Investment banks spurred by relentless wave of restructuring

European banks join in year's $30 billion stock-trading haul

HSBC investment bank rises just 5% as capital markets activity slows

Nomura profit triples on jump in wealth management and trading

Why regional banks are now willing to take billions in losses

UK's open banking milestone: What 10 million users mean for UK's financial services future

Europe's banks see biggest weekly selloff since March 2023

Barclays investment banking profits cushion core UK business struggles


Wall Street

Wall Street's 'fear gauge' climbs to highest level in 16 months

Finance should pay much more attention to undersea cables risk

State Street to pay $7.5 million to settle allegations of Russia-related sanctions violations

CBOE strategy to focus on importing global trading into US

Interactive Brokers launches forecast contracts

European and Asian prop traders outperform US firms


Economy?

Bank of England lowers rates to 5% in first cut since 2020

Learning to trust the forecasts

A momentous week for central bankers?

Talking Trump and economics with Joseph Stiglitz in Sydney

Hard landing concerns jolt global markets

Why global investors are watching what Japan does next


Geopolitics

Commodity bulls' dash for the exit sends prices tumbling

Outsmarting geopolitical risks with enterprise risk management

Bitcoin as a reserve currency - a new geopolitical force

Geopolitical risk to oil production is not a major driver of the economy

The wildcard in the Russia-Ukraine War: Poland's intermanium

Geopolitics and investment opportunity

Commodities feed: Geopolitical risks reignite

Age of Revolutions: Geopolitics through a historical lens


Asset Management

Why bond yields matter for equities

What Bill Ackman got wrong with his bungled IPO

How Bill Ackman's $25 billion IPO dream unravelled

ETFs are eating the bond market

BNP Paribas exclusively negotiates to buy AXA IM for EUR 5.1 billion

Investment managers scale is top factor for asset owners


Wealth Management??

Why ETFs are scoring over mutual funds

Banks want to tap into Asian weath - StanChart is doing it

How data science helps drive organic growth in wealth management

Cerulli: Demand grows for customer model portfolios

Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for major Wall Street firms


Insurance

Transform or perish: The urgent need for digital evolution in insurance

Client experience - are you giving them what they're looking for?

How secure are systems now in the insurance industry

Can too much technology be a problem in claims?

Are parametric reinsurance solutions the key to solving the insurability crisis?


Real Estate???

Surge in commercial-property foreclosures suggests bottom is near

US pending home sales surge in June

China's home sales slump again, signaling crisis not over yet

Don't expect lower rates to save debt-burdened office buildings

Cost of Miami office space hits record high


Payments?

Stripe, Alipay strike payments agreement

FedNow Service ends first year with 900+ participants

Mastercard sees embedded finance as revolutionizing digital payments

The UK must continue to innovate in digital payments

Three hidden assets that define modern business payments


Venture Capital / Private Equity

Apollo?profits take a hit from derivatives to guard rate risk

Ares raises record $34 billion private credit fund

The venture capitalist seeking 'brilliant minds' of founders over 50

Private equity's fundraising skid continues

Pension funds are hooked on private equity. No matter the risks.


AI / ML

Generative AI: The?21st-century power play

Tech bosses preach patience as they spend and spend on AI

AI vs financial analysts: Who is better at predicting earnings of public companies?

Big tech's AI race has one main winner: Nvidia

AI can learn a lot from its biological predecessors

Microsoft's A dreams make for an expensive reality

The Silicon Valley startup using AI to scour the earth for copper and lithium

Big tech groups say their $100 billion AI spending spree is just beginning

Elliott says Nvidia is in a 'bubble' and AI is 'overhyped'

When Generative AI meets product development

Generative AI: Implementing a proactive and structured strategy for adoption

How Scotiabank built an ethical, engaged AI culture

An AI system built for everything is an AI built for nothing

Exploring the critical role of AI in today's enterprises

How AI and data analytics are defining success in private banking

AI monthly: The world of the unknown

One third of Canadians using AI to manage finances

How generative AI will reshape insurance

5 principles for responsible AI/ML technologies in asset management


ESG / Climate Change

Wildfire intensity rises across northern hemisphere

Is a $400 million energy transition fund worth celebrating?

Corporate climate targets group steps back from carbon offsets controversy

European banks are building loan loss reserves for climate risks

Climate change fueling extreme hear in Europe and US

Germans combat climate change with DIY solar panels

Homeowners insurance premiums rose 21% in 2023. Partly due to climate change.?

Climate cash pivots to new reality of a hotter, wetter planet

Mapping tool shows climate change effects are nationwide

When will climate change break the Atlantic? Two scientists have an answer

Is extreme heat changing where people live and work in the US?

This scientist has a risky plan to cool the earth. There's growing interest.?

The energy transition in three X's

What Ted Lasso can teach us about climate politics

What Opec's next big goal should be


Bigtech?

Microsoft stock drops after disappointing cloud growth

Big tech as big tail risk

US stock turbulence throws spotlight on big tech's valuations

It's a cruel Summer for big tech stocks

Big tech's big investments


Fintech??

10x Banking unveils 'meta core' to derisk core conversions

How fintechs are helping traditional banks catch up with challenger banks

58% of fintechs now offer open banking payments as adoption rates continue to surge

Fintech giant Stripe keeps on buying

How fintech's meteoric rise has resulted in society trading security for convenience


Blockchain / Crypto?

How 2024 became a crypto election

Russia to allow crypto payments in international trade to counter sanctions

Trump's crypto embrace could be a disaster for bitcoin

Is Kamala Harris really warming up to the bitcoin lobby?

Founder of crypto DeFi project BitClout arrested, faces wire fraud, SEC charges

Tokenization's riew offers new ways to monetize data, real world assets

Blackrock, Coinbase, and more are taking tokenized funds mainstream - but what are they?

Bank of England spotlights tokenization as key innovation initiative


Regulation / Compliance??

The EU's AI Act is now in force

Did regulators send warning shot at already roiled BaaS space?

US regulators seek to limit asset managers' sway over big banks

Affirm says CFPB's proposed BNPL rules will confuse customers

Companies delay voiding non competes with fate of ban uncertain


Corporate Venture / Innovation? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

Is it time to pivot your strategy?

The middle path to innovation

7 keys to a continuous innovation mindset within teams

Scott Dylan on managing innovation for competitive advantage


Personal Development / Leadership?

How teaming supercharges collaboration

Are you a micromanager or too hands-off?

Why "wisdom work" is the new "knowledge work"

How CEOs build confidence in their leadership

This is the best career decision you can possibly make

12 extraordinary stoic moments

18 little stories that will have massive impact on your life


Podcasts / Videos??

Stanford GSB: A record-setting coach's guide to communicating

David Rubenstein: Interview with Dmitry Balyasny

Howard Marks, co-Chairman of Oaktree Capital: "Getting the odds on your side"

GS Exchanges: TPG CEO Jon Winkelried on the evolution of private equity and alternative markets

Adam Grant: How to really unlock your hidden potential


Speeches / Communications

Rob Hayvaert, Founder of Motive Partners: "We are in the business of change"

Bridgewater Associates: An update from our CIOs - How durable is the economy?

Horizon Kinetics: 2Q 2024 Commentary


Research Reports??

WTW: Political Risk Survey Report 2024

CitiGPS: What Machines Can't Master

The Bank of England's approach to innovation in money and payments

Developments in demand for US Treasuries

BCG: Navigating the journey to cloud-based core transformations

UNICEF: Sustainability and climate change action plan

SIFMA: 2024 Capital Markets Fact Book

JPM: Halfway between Kyto and 2050

IRENA: Green hydrogen strategy

The missing strategy in Europe's chip ambitions?

The geopolitics of the energy demand shift

ECB: How geopolitics is reshaping trade

Oaktree: Performing Credit Quality - 2Q 2024

GS: Why hedge funds are turning to the private markets

CapGemini: Software-driven Mobility

Accenture: The Future of Asia Wealth Management 2024

EY: How Payment Providers Can Capitalize on Growth Opportunities Across MEA

EY: ESG Governance to Climate Action

EY: How retail investors are making digital assets part of their lives

EY: How boards can embrace and oversee AI with curiosity and care

PwC: Transport and Logistics Barometer - 1H2024

KPMG: Enhancing Sales Agility

KPMG: M&A Deal Market Study

KPMG: The vital role of managing change

KPMG: Supply Chain Resilience?

FDIC proposes significant changes to its brokered deposits rules

Navigating AI in Financial Services

New SEC rules for cybersecurity risk management?

PwC: Fintech - Powering India's $5 trillion economy

Digital disruption of financial services in the UK

Invesco: Global Sovereign Wealth Management Study

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