Finserv Reading - Week ending January 14, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

Chief Operating Officer I Enterprise Software GTM I Adjunct Professor @ Fordham University

发布日期: 2024年1月14日
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Banking

Citigroup plans 20,000 job cuts as it reports worst quarter in 14 years

American finance has left Europe in the dust. The tables aren't turning.

Citigroup taking charges on Argentina, Russia and its own restructuring

Will this year bring investor activism to Europe's banks?

Largest US banks set to log sharp rise in bad loans

The changing landscape for banks

How community banks can recruit software engineers

Banks cannot afford to defer tech investment in 2024

The API's economy's impact on banking operations

Tech investments dominate banks' spending

US banking giants shed over 17,000 employees in turbulent year

US banks profits to shrink as they brace for souring loans

Trends 2024: Consumers will drive open banking not regulators

Where US investment banks might be heading in 2024

Corporate and investment banks devote 20% to technology spending

Banks hope for M&A revival despite the geopolitics


Wall Street

Companies aren't done cutting white collar jobs

Microsoft passes Apple as US market cap king

These CEOs aim to make financial services more accessible to consumers

Wall Street doubles down on bonds


Economy?

Importers face surging shipping costs, delays as Red Sea diversion pile up

How France fumbled its Africa ties and fueled a geopolitical crisis

Global economy on track for worst half-decade of growth in 30 years, says World Bank

AI-driven misinformation 'biggest short-term threat to global economy'

Visualizing top global risks in 2024


Asset Management

The industry needs innovation. Could the ETF's story be a template

The appeal of cash is being tested

Millennium backs biggest planned hedge fund launch in more than a year

Blackrock cuts 600 staff as asset managers defend profit margins

Hedge funds take on private equity in battle for distressed companies


Wealth Management??

InvestCloud names Jeff Yabuki CEO

Bill Crager to step down as Envestnet CEO

Vanguard finally launches bank cash product

Scwab adds new trading activity index

Goldman Sachs lending wealthy clients


Insurance

Buying home and auto insurance is becoming impossible

Carriers are using digital to offset rising premiums

Accenture's insurance head on the industry's seismic shifts

Property insurance: A direct link between climate risk and municipal creditworthiness

Reinsurers pull back from Israel and Middle East risks


Real Estate???

Finally, a good year for renters

New data-center property investment signals AI boom

Offices around America hit a new vacancy record

Mortgage rate decline pushes buyers back into the housing market

What would it take to create a more robust secondary market for CDFI loans


Payments?

Community bankers warn against raising debit card interchange fees

Holiday BNPL spending shows BNPL growth drivers at work

Lugging credit card debt into 2024? Now's the time to make a plan.

Consumers love online bill payment - what's the hard part?

Writing checks can be risky. Here's how to protect yourself.


Venture Capital / Private Equity

Blackrock to buy Global Infrastructure Partners for $12.5 billion

Blackrock acquisition triples its business of building airports, roads and utilities

Brace yourself, startups: VC investments may hit a 5 year low in 2024

Blackstone forges ahead with retail private equity fund

Global fintech investment plummeted 48% in 2023

The puritans of venture capital

Private equity has to make returns the hard way says Goldman Sachs executive


AI / ML

Harnessing AI: What businesses need to know in ChatGPT's second year

The best leaders can't be replaced by AI

Is GenAI's impact on productivity overblown?

House working group to study AI in financial services

AI needs to be both trusted and trustworthy

At CES, AI gets in everybody's head

The AI Octopus

The existential race to fund AI companies

What to expect from teh coming year in AI

Congress wants tech companies to pay up for AI training data


ESG / Climate Change

Launches of ESG funds plummet as investors pull back

The latest dirty word in corporate America: ESG

Global heating will pass 1.5C? threshold this year, top ex-NASA scientists says

Tackling climate change in the birthplace of oil

Is democracy good for climate change?

US cut climate pollution in 2023 but not fast enough to limit global warming

领英推荐

US hit by record number of high-cost disasters in 2023

Institutional investors and the decarbonization of digital infrastructure

Can artificial intelligence pave the way for greener cement and steel?

Asset managers backing of ESG resolutions fails to three year low

Big US fund companies retreat support for ESG proxy votes

Companies should avoid ESG/Sustainablity reports until SEC rule release

Moody's says green tech, ESG and sustainability requirements will shape credit outlook in 2024

Is Blackrock's retrenchment from ESG real?


Bigtech?

Big tech rebuffs US consumer watchdog plans to supervise digital wallets

Hard times for the software sector

Why big tech is still minding its bills

Carta customers say platform tried to trade their shares without consent

Big tech starts 2024 with layoffs


Fintech??

UAE defies fintech slowdown with a 92% jump in funding

Former Barclays CEO Jenkins raises $50 million for fintech 10x

The intersection of fintech and ESG

Fintech companies aren't bullish on generative AI. Here's why

7 lessons fintechs can learn from banks


Blockchain / Crypto?

For Blackrock and other managers, the bitcoin-ETF stakes are different

Bitcoin ETFs are live. Cue the fee war.

Here's how the new bitcoin ETFs will work

Bitcoin's $29 billion Hotel California

US bitcoin ETFs see #4.6 billion in volume in first day of trading

Ether rises 16% in a week as investors see path to its own ETF

What other crypto firms could go public this year?

Why crypto idealogues won't touch bitcoin ETFs

The last man standing in crypto


Regulation / Compliance??

Gensler loses key bitcoin battle

UK government to publish 'tests' on whether to pass AI laws

SEC's bitcoin ETF sign-off comes with a stark reminder of its lingering doubts

SEC approves first spot bitcoin ETFs in boost to crypto advocates

Microsoft's OpenAI investment could face EU probe


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

Bringing true strategic foresight back to business

Time to ditch brainstorming and embrace customer-centric innovation

The secret to software innovation: Some thoughts

Jeff Bezos says Amazon has had 'plenty of practice' with failure


Personal Development / Leadership?

10 strategies for turning obstacles into opportunities

The performance bias: Life is not a movie, life is not a novel

Practice the stoic art of negative visualization

The crime your brain commits against you

?Do things you can sustain

What if you treated your life like a team sport?

How high-performing teams build trust

The CEO who gave 60,000 employees his cellphone number

Why 'The Sound of Music' is still one of our favorite things


Podcasts / Videos??

Howard Marks, Chairman, Oaktree Capital Mgmt.: "Easy Money"

GS Exchanges: Unchartered Territory - Navigating a 'geopolitical recession'

Blake Eastman: See people, read people

Building a culture of respect on your team

Think Fast, Talk Smart: Why curiosity is communications secret weapon

Seth Godin: Leadership vs Management - What it means to make a difference


Speeches / Communications

Ben Broadbent, Dep Gov of Monetary Policy, BoE: "Signal versus noise"

Rajeshwar Rao,? Dep Gov of the Bank of India: "Innovations in banking - the emerging role for technology and AI"


Research Reports??

Accenture: Banking Top 10 Trends in 2024

CapGemini: GenAI for a Competitive Product Strategy

CapGemini: TechnoVision 2024

BNYM: Alta Report - January 2024

Alternative Data is Now Mainstream; AI Could be Next

Apollo: Outlook for Private Markets - January 2024

WEF: Bold Measures to Close the Climate Action Gap

BCG: Speed, Value and the power of the innovation flywheel

WEF: Building a Resilient Tomorrow

WEF: Global Cybersecurity Outlook

Accenture: Pulse of Change Index

Accenture: Tech Vision 2024

KPMG; 2024 Banking Trends

WEF: Transforming Energy Demand

Deloitte: Sustainable Finance Regulatory Outlook

Deloitte: Marketing and IT - The new data duo for AI-powered growth

Deloitte: Unifying Enterprise Data for Generative AI

Deloitte: Innovation, Payments and Digital Assets Regulatory Outlook

How should central banks explore CBDCs?

Systematic review of fintech and banking profitability

Fintech and Techno-Solutionalism

WEF: Global Cooperation

McK: What Matters Most - Eight Priorities for CEOs in 2024

WEF: Global Risks Report

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