Finserv Reading - Week ending July 14, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

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

发布日期: 2024年7月14日
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Banking

Big banks and customers continue to feel pressure from higher rates

Big US banks warn of stress among lower-income customers

How UBS fell out with Switzerland's establishment after rescuing?Credit Suisse

BofA tackles digital banking's transaction pain points

Traditional banks go digital as neobanks face regulatory heat

How BofA is driving to be 'local' in more markets

TSB to shut 36 bank branches and cut 250 jobs amid digital shift

JPMorgan profit rises to record, fueled by investment banking

Banco Santander launches plan to grow investment banking in US

Inside Goldman Sachs' expanding risky financing engine

HSBC to revamp investment bank to look more like Citi

JPMorgan's retail banking net income down 21%

JPMorgan aims to amass 15% of US consumer deposits, boost credit card share

Three quarters of Americans feel financially insecure

?US regional banks to face increased scrutiny as CRE exposure stifles buybacks

Slowed loan growth will impact regional banks

Moody's: Latin American fintechs will be tested when competing with banks

I bet you're not dismissing challenger banks now

Citi fined $136 million for lack of progress on fixing risk management flaws


Wall Street

Why Europe needs a bolder plan to deepen capital markets

SEC equity market structure proposals, 18 months on

Wall Street giants replace traders with algorithms in new FX era?

Citadel Securities crafts plan to shake up banks trading desks

London stock market rules shaken up in attempt to stop firms moving overseas

'Get us more paper' - Indian equity issuance hits record high


Economy?

Global population to shrink this century as birth rates fall

Economists are overly reliant on rules

Why India will become a superpower

Immigrants really do get the job done


Geopolitics

Investors pile into platinum funds in bet on hybrid vehicles

AI needs copper. It just helped to find millions of tons of it.?

Europe needs to sharpen its geopolitical chess game

US creates high-tech global supply chains to blunt risks ties to China

The yen is plunging. So is Japan's defense budget.

McK: Helping boards manage geopolitical risk with Jon Huntsman Jr.

Navigating geopolitical challenges: Mexico as a key factor in US-China trade

Rise of Nvidia: How chipmakers are shaping the future of geopolitics


Asset Management

Vanguard's die-hard customers have a message for new CEO: 'The service is abysmal'

Fund fees fall at a slower rate

CLS: T+1 is influencing asset manager behavior

Asset manager profit margins get thinner

GMO: Passive investing's impact has been overblown but it's not negligible

Bridgewater launches $2 billion machine learning fund


Wealth Management??

Wall Street groups to buy wealth management software maker Envestnet for $4.5 billion

'Bain is not coming in here to cut': Envestnet exec

UBS sees $83 trillion wealth transfer over next three decades

Despite big bets on AI, clients still want facetime with investment professionals


Insurance

Insurers are braced for more Beryls

Home insurance premiums are surging - and state are allowing it

Extreme heat is causing billions in damages that insurer's won't cover

Profitable future for P&C

How much of an impact will hurricane Beryl have on P&C insurers


Real Estate???

Large London office buildings proving almost impossible to sell

The cost of title insurance on homes is out of sync with the risk

Property fraud allegations snowball as commercial real estate values fall

Top 1% of real estate agents making 15% of home sales

The rush to exit commercial real estate funds is going mainstream


Payments?

Do US consumers underestimate the potential of digital wallets?

Global credit card market to exceed $1 trillion by 2033

Cross-border real-time payments make tangible progress as over 50% of customers use them, says GlobalData

Travel businesses struggle with payments, report reveals

The Clearing House's RTP network logs Q2 record


Venture Capital / Private Equity

Why private equity is the 'real issue' in M&A

Index Ventures announces $2.3 billion in new funds

European Investment Bank pledges EUR 350 million to largest Spanish VC fund

UK fintech investment down 37% in 1H 2024

The private equity bubble is about to deflate

Private equity drives a hard bargain in bank rescues

America's venture capital system is breaking down, taking tech startups with it


AI / ML

What if the AI boosters are wrong?

Universities don't want AI research to leave them behind

AI bubble set to inflate further

It's time for AI to start making money for businesses. Can it?

Microsoft quits OpenAI's board amid antitrust scrutiny

xAI appears to confirm ended talks with Oracle over expanded AI chips agreement

Productivity or pioneering? Your industry's GenAI adoption play

Nine takeaways from Citi's deep dive into GenAI and banking

Big tech feels the heat over AI concerns

AI's problem: The missing revenues

Capital One leans on its cloud maturity to support AI adoption

How to create value from AI

BNP Paribas inks multi-year deal to implement Mistral AI commercial models across all business lines

AI and climate change top priorities for insurance executives in 2024

AI in asset management: A lightbulb moment

AI startup funding more than doubles in Q2, Crunchbase data shows


ESG / Climate Change

Amazon says it reached.a climate goal seven years early

World in line for hottest year as 1.5C limit breached for 12 months in a row

Big tech on the path to net zero

Climate change is coming for hospitals

Integrating economic and climate data will strengthen climate policy

Home insurance rates in America are widely distorted. Here's why.

Climate change references scrubbed from Florida textbooks

Is carbon pricing the best way to mitigate climate change

Barclays sees $30 billion selloff risk amid new EU ESG fund rule

The energy transition requires a holistic approach

Britain has huge clean energy ambitions, but are they realistic?

Lithium-industry scores major win for clean-energy transition

Gridlock in China: huge spending on network in shift to green energy

The energy transition is happening: What role can the oil and gas industry play?

Asset managers are snubbing UK's ESG labels, Morningstar says


Bigtech?

Breaking the rules is in big tech's blood - now it's time to break the habit

Big tech is stress testing the grid

Nasdaq ends sharply lower as investors rotate out of big tech

Big tech's next milestone is the $4 trillion market cap


Fintech??

Fintech industry shifts focus to profitability during growth challenges

If it's legacy, fix it now

How US fintech firms are approaching pay

How to know if you can trust a fintech


Blockchain / Crypto?

Blackrock's tokenized fund reaches $500 million in record time

How tokenized real world assets are outperforming crypto

Goldman Sachs expands into tokenization

Crypto's $100 billion in illicit flows swamp stablecoins, exchanges

The return of crypto venture capital

Coinbase launching a 'one-stop' crypto app designed to simplify user experience


Regulation / Compliance??

Biden's pick to lead FDIC faces little resistance in Senate hearing

SEC ends probe into Paxos over Binance USD token

Top ECB official sounds alarm on rising risks from shadow banking

SEC to rethink proposed rules for mutual funds in reprieve for managers

SEC relaxes crypto reporting rules for banks and brokerages?

FDIC warnings on neobanks point to gaps in deposit insurance

NYDFS issues guidance for insurance companies use of AI


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

6 ways to bring strategy into your work every day

What?sets genius teams apart?

Innovation vs industrial policy

Guidance on AI could quash innovation

Innovation is what we don't see


Personal Development / Leadership?

This is why you don't want to tell yourself stories

How you do anything is how you do everything

What are your rules for life? These 11 expressions (from ancient history) might help

21 quotes that (if applied) change you into a better person

The scientific argument for mastering one thing at a time

How to use military strategy to build better habits

40 life lessons I know at 40 (that I wish I knew at 20)


Podcasts / Videos??

David Rubenstein: with Robin Vince, CEO of Bank of New York

Jason Calacanis: Lessons in Unreasonable Hospitality with Will Guidara

TKP: Brent Beshore - Business brilliance and happiness at home

US policy and the threat to innovation

Nick Saban: Coaching Philosophy

Howard Marks lecture on the stock market


Speeches / Communications

Piero Cipollone, Member of Exec Board of ECB: "AI - a central bank's view"

Christine Lagarde, President of the ECB: "Monetary policy in an unusual cycle - the risks, the path and the costs"


Research Reports??

KPMG: Future Proofing Banking

OW: UK National Wealth Fund

UNCTAD: 2024 Digital Economy Report

BCG: CEO's Guide to Maximizing Value from AI

Future of insurance industry with technology innovations

McK: A data leader's technical guide to scaling GenAI

Public and Private Infrastructure: Two Paths to Access Essential Assets

KPMG: How PE firms are delivering value

Private equity and digital transformation

ISO 20022 The New Language of Global Payments

OW: The New Growth Agenda

Man Group: Q3 2024 Credit Outlook

GSAM: Mid Year Outlook 2024

EBA: Risk Assessment Report - July 2024

Blackrock: Midyear Outlook 2024

TRowePrice: Shadow banking system creates a trickier path for the Fed

EY: Mortgage Servicing

Deloitte: Paving the way to Everything-as-a-Service

Influence of AI on Personal Financial Management

UBS: Global Wealth Report 2024

JPM: Web3 - A new era for social commerce

JPM: Normal is as Normal Does

FTPartners: Global Fintech - July 2024

Bain: Midyear Private Equity Report 2024

BCG: Private equity adapts to the new normal in geopolitics and trade

BCG: Global Wealth Report 2024?

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