Finserv Reading - Week ending July 28, 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7月28日
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Banking

UK neobanks set to outpace incumbents in mobile arms race

Land of the rising banks

Lazard swings to profit on investment banking rebound, beats estimates

Four big UK high street banks broke rules, says competition watchdog

Revolut secures UK banking license after three-year battle

How Citi's error-riddled loan reports led to a $136 million fine

Three major takeaways from big banks' earnings

Crowdstrike outage is another sharp warning for banks

Truist says digital onboarding experiences key to 42% deposit growth

Access to cash is the tip of the digital iceberg

With no big deal safe, investment bankers move to safeguard fees

Deutsche Bank shares drop as buyback plan halted

Open banking needs better risk controls to keep money safe

How has open banking changed personal finance?

The promise of embedded finance: Customer journey transformed across industries?


Wall Street

Euronext reports record quarter for fixed income

Funding surge for blank check companies points to Spac bounceback

S&P 500 suffers biggest drop since 2022 as tech stocks crater

NYSE's longtime IPO pitchman, John Tuttle, to leave after 17 years

Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says


Economy?

US economic growth accelerates, outpacing forecasts

2025 could be a great time to be President, economically speaking

India closes in on China as largest emerging market

Feared in the West, China's manufacturers struggle at home

Trillions in hidden debt drove China's growth. Now it?threatens its future.

American borrowers are on shakier ground

A Fed rate cut is finally within view


Geopolitics

Copper prices fall again on concerns about Chinese demand

Chips and Taiwan are a new cloud for tech earnings

Copper miners predict industry overhaul as end users rush to secure supply

Digital paralysis shows the dangers of e-globalization

Geopolitics is back to break markets' stride

Sovereign wealth investors think geopolitics and election uncertainty, not inflation, is their biggest risk

The role of commodity traders in a geopolitical landscape


Asset Management

Hedge fund assets rise to record

Franklin Templeton selects Blackrock's Aladdin

With $20 trillion in private markets, the lack of transparency is no longer okay

Macro hedge funds to dump $45 billion in equities, says Morgan Stanley

Why the Middle East is the new Switzerland for top hedge fund managers

Assets at Man Group, the world's largest listed hedge fund, swell to record


Wealth Management??

Retail participation in futures is on the rise

Would you turn to Reddit for investment ideas?

US retail investment under attack from bunk 'common ownership' theory

Ameriprise, Raymond James report new highs in wealth management

How wealth management M&A is affected by high interest rates


Insurance

Insurers' losses from global IT outage could reach billions

Nationwide announces layoffs to P&C division

Crowdstrike outage insured losses to range from $540 million to $1.08 billion, says Parametrix

Investing in the future: How digital transformation is redefining the insurance industry

US home insurers suffer worst loss this century


Real Estate???

US commercial real estate is headed toward a crisis

Unsold new homes just hit an all time high in the US South. Here's why.

Real estate crisis? Small banks say their loans are fine

US home buyers backed out of 56,000 home sales last month

Is commercial real estate over the hump?


Payments?

Open banking marks major milestone of 10 million users (UK)

Capital One customers sue to block $35 billion Discover merger

Why paper checks refuse to die

X-box players are the credit-card industry's next thing

FedNow service gaining more digital payment adoption


Venture Capital / Private Equity

VCs are still pouring billions into generative AI startups

KKR to acquire Janney Montgomery Scott

Bill Ackman postpones Pershing Square IPO

How private equity tangled banks in a web of debt

Anthropic and Menlo Ventures partner on $100 million AI fund

Meet European fintech's most active investors

Value creation in private equity: Making our own luck

How to tac private equity properly


AI / ML

Musk's X' faces questions from watchdog over AI data grab

The problem of 'model collapse': how a lack of human data limits AI progress

AI is approaching an open-source inflection point

JPMorgan pitches in-house chatbot as AI-based research analyst

OpenAI and Broadcom in talks about developing new AI chip

OpenAI announces search engine called SeachGPT

Algorithm-driven AI trades are shaping the future of FX trading

How AI is impacting central banks?

How DBS Bank uses a human-AI synergy approach to enhance customer experiences and improve efficiencies

Morgan Stanley moves forward on homegrown AI

TIAA launches GenAI platform

AI won't be making decisions 'anytime soon,' says head of Man Group

MSCI: GenAI lets risk managers do their jobs

Why developing AI costs so much?

How insurance leaders can balance innovation and risk when managing AI

AI companies promised to self-regulate one year ago. What's changed?

AI startups raised $41.5 billion worldwide in five years


ESG / Climate Change

A helping hand through the green tech 'valley of death'

Cash dries up for locals fighting climate change

Google, Amazon and the problem with big tech's climate claims

South Africa passes its first sweeping climate change law

The growing divide in media coverage of climate change

Climate change causing more change in rainfall, fiercer typhoons, scientists say

Yellen says $3 trillion needed annually for climate financing, far more than current level

Is climate change putting the lobster roll in jeopardy?

Why is the transition away from fossil raw materials not happening faster?

The emergence of green hydrogen as a cornerstone in global energy transition

How Germany's hydrogen economy could transform energy use

I'm a commodity skeptic, but even I see an opportunity in the green transition

US Supreme Court decision raises energy policy questions


Bigtech?

Alphabet's M&A flops underscore it's strategic dilemma

Startups like Wiz have to learn the art of living longer

Crowdstrike outage puts its financial reporting under scrutiny, too

US warns tech startups on security threats from foreign investors

Lessons from the global IT outage

Google fails to 'wow' as AI bills mount

Crowdstrike to implement new checks to avoid another global IT outage

Crowdstrike is too big to fail

Google is keeping cookies in Chrome after all


Fintech??

Fintech Ebury taps Goldman for GPB 2 billion IPO

The next fintech to go public may not be the one you expected

?Revolut targets valuation jump to $45 billion in sign of fintech revival

A new American government? What will that mean for fintech?


Blockchain / Crypto?

Blackrock leads as ether ETFs rack up $100 million on first day of US trading

Kamala Harris campaign seeks 'reset' with crypto companies?

Trump once trashed bitcoin 'as based on thin air.' Now he's addressing crypto's largest conference?

Crypto market bets on solana ETF

Dakota emerges from stealth to provide bank-like services to crypto depositors

Crypto giants want to buy Washington. They're bankrolling Trump to make it happen

Decentralized expertise: AI, DeFi, and the recovery of American trust


Regulation / Compliance??

FTC to study surveillance pricing methods of Mastercard, Chase, other companies

UK watchdogs probe competitiveness of big tech's digital wallets

Fed fines Green Dot $44 million

FCA allows buy side to 'bundle' research and execution

SEC approves ether ETFs as crypto moves closer to mainstream


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

Liberty Mutual CVC arm launches $200 million fund

AWS commits $230 million to accelerate generative AI startups

Stifling corporate innovation

How scale-ups can balance innovation with profitability?

Should your company build an open or closed ecosystem?


Personal Development / Leadership?

Impatience is our modern curse but there are ways to beat it

You don't have to be lucky, you just have to be good

Here's the technique that ambitious people use to get what they want

A stoic guide to navigating the modern workplace

The unstoppable power of greeting it all with a smile

Here's the most important career (and life) asset you can develop

Don't set your goals in stone - mold them like clay

When asking too many questions undermines your leadership

The right kind of stubborn


Podcasts / Videos??

David Rubenstein: with Jerome Powell

Stanford GSB: Graham Weaver- How to live your life at full power

GS Exchanges: Private credit investing with Ares Management's Mike Arougheti

Applied geopolitics: Understanding US elections in the context of larger geopolitical trends

Simon Sinek: Setting unrealistic goals and shifting mindsets

Rich Roll: Using brain chemistry for peak performance


Speeches / Communications

Howard Marks, co-Chairman, Oaktree Capital: "The indispensability of risk"

?Klaas Knot, President of the Netherlands Bank: "The AI adventure - how AI may shape the economy and the financial system"


Research Reports??

FT: Future of AI

Digital modernization in the insurance industry

Capital Group: Midyear Outlook 2024

MB; The Next Organization - Seven Dimensions of Successful Business Transformation

RFI on Bank-Fintech Arrangements regarding BaaS

Stabilizing the Market: The Role of Retail Investors as Liquidity Providers

Retail Trading Frenzies and Real Investment

State Street: ETF Impact Report 2024-2025 - The Next Wave of Innovation

S&P: Worth the Weight

CapGemini: Cloudification of Networks

CapGemini: Low carbon hydrogen - A path to a greener future

BIS: Crypto Exchange Tokens

IFC: Granular data - New horizons and challenges

PwC: Mine 2024 - Preparing for impact

Pitchbook/NVCA: Venture Monitor - Q2 2024

EY: Why now may be the time to start a corporate venture fund

OECD: Bridging the clean energy investment gap

Wealth Advisory M&A Trends - Q2 2024

AI and Financial Crisis

ECB: Draft Guide on Governance and Risk Culture

ECB: The Scale-Up Gap

SIFMA: Quarterly US Fixed Income 2024

SIFMA: Quarterly US Equity and Related 2024

A New Era of Arctic Geopolitics

KPMG: Shifting Geopolitics and the Role of the Board

Worldpay: GPR 2024

CapGemini: Harnessing the Value of Generative AI

EY: How will GenAI prompt a stap change toward autonomous supply chains?

LN: How GenAI is shaping the future of work

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