Finserv Reading - Week ending November 5, 2023

Banking

Citi to cardholders: Go paperless or else

Deutsche Bank to axe almost half of Postbank branches

Why JPMorgan is betting big on European retail banking

Personalization helps credit union outcompete banks on lending

What's new in branch design

Why Nerdwallet got into banking with Nerdup secured credit card

How to use ATM marketing to deepen customer relationships

Morgan Stanley's new CEO inherits rich pickens

North American banks more bullish on technology investment

How embedded banking is disrupting customer loyalty programs

Citi says winning the end customer experience is future battleground for banks

Disrupting banking: Revolution through digital transformation

Credit unions say yes to financial literacy in a bid to engage the next generation now

Why banks are suddenly closing down customer accounts

MAS bars DBS from new business ventures and branch closures


Wall Street

New listing flops drain optimism for IPO market revival

US media veterans back new trading firm with financial news arm

Decoding the (almost) 5% 10-year Treasury yield

S&P 500 falls into correction after losing 10% from summer peak

Three years after DirectBooks, US bond market still phoning it in


Economy?

Maersk to cut 10,000 jobs as shipping boom ends

Panama Canal operators to cut ship crossings as drought worsens

Americans can't stop spending. Five reasons why.

The radical reshaping of global trade

Risk of a wider Middle East war threatens a 'fragile' world economy


Asset Management

US asset managers suffer as investors sit on cash

Charlie Munger will take your questions now

In the long term, investing is all about the economy*

How does the world's largest hedge fund really make its money?

Supercharged Tesla and Nvidia bets sold through single-stock ETFs

Warren Buffet's Berkshire Hathaway sits on record $157 billion cash pile

Why there are still active managers

BNY Mellon pitches to take on multi-manager hedge funds

US asset managers launch new round of job cuts as investors seek safety


Wealth Management??

Robinhood will match 1% of your IRA contributions. Is it a?good deal?

Will Goldman Sachs's big bet on wealth management work?

Intuit to close Mint

Using technology to become a 'cyborg' advisor

Fidelity aims to break into an ETF market dominated by Vanguard


Insurance

Allstate, Allianz invest $265 million in Next Insurance

The rise of digital insurance brokers in APAC?

AI will transform the reinsurance industry

6 keys to unlocking the potential of embedded insurance

Three trends influencing a shift in insurtech


Real Estate???

The way you pay to buy or sell a home is about to change

US home prices rose to record in August

WeWork plans to file for bankruptcy as early as next week

Jury finds realtors conspired to keep commissions high

The money has stopped flowing in commercial real estate


Payments?

Open models: Transforming the future of payments

Acquirers seek answers from a Visa surcharging executive

Amazon extends buy now, pay later to business customers

Adyen partners with Plaid to offer Pay-by-Bank services


Venture Capital / Private Equity

Private equity needs a new talent strategy

Private equity: higher rates start to pummel dealmakers

A tech overlord's horrifying, silly vision for who should rule the world

The private equity reckoning has begun


AI / ML

Elon Musk tells Rishi Sunak AI will render all jobs obsolete

OpenAI/Microsoft: buying startup would be intelligent move for giant

Unlocks AI's often overlooked potential to improve your core processes

AI in banking; AI will be an incremental game changer

Financial services expects Gen AI maturity to come sooner rather than later

How AI helps combat climate change


ESG / Climate Change

Orsted, offshore wind firm, cancels NJ prospects

Climate risk is becoming uninsurable. Better forecasting can help.

He pioneered carbon offsets to save tropical forests. Now the market is collapsing.

Blackrock warns investor disdain for mining threatens green transition

The green fuel that even red America loves

Developing countries need up to $387 billion a year to adapt to extreme weather: UN says

As climate disasters mount, the world isn't nearly spending enough to adapt

Global warming will reach 1.5C threshold this decade

Famed climate scientist has a new, dire prediction

Climate change is driving insurance rates up

How to future-proof debt

Ares Management: Climate proofing the future

Achieving net-zero: A fintech priority


Bigtech?

Tech giant spends billions on AI startups - and get just s much back

Microsoft pioneers use of generative AI in software - at a price

Big tech companies' latest forays into financial services

Elon Musk wants X to replace users bank accounts within a year

FTC's Lina Khan warns big tech over AI


Fintech??

A brighter future for fintechs in 2024?? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? ? ? ? ? ? ? ? ? ? ??

Fintech transformation sets signposts for retail banking's future?? ? ? ? ? ?

Thought Machine makes job cuts? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??

Why last week felt like 2021 in fintech

70% of UK SMEs lean on fintech lenders during cost of living crisis


Blockchain / Crypto?

The real SBF stood up

The bombshell evidence that led to Sam Bankman-Fried's conviction

Sam Bankman-Fried might not be the last crypto criminal

The other crypto bosses in US regulators' crosshairs

UK confirms plans to regulate crypto with formal legislation

3 things we might see from crypto as 2023 winds to an end

SBF defense rests its case on FTX founder's good will and mistakes


Regulation / Compliance??

US upstages Rishi Sunak with AI regulation plan

FCA issues over 100 alerts in first day of new crypto regulation

Europe's top banking supervisor says fragmenting market raises risks

AI policymaking must include business leaders

CFPB proposes rule granting consumers greater access to and control over their financial data

PayPal receives SEC subpoena over stablecoin


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

Why you're missing out on the best ideas

The "piggyback" approach to innovation

How corporate purpose leads to innovation

4 phrases that build a culture of curiosity


Personal Development / Leadership?

27 things I've learned from 150 million podcast downloads

19 rules for a better life (from Marcus Aurelius)

15 ways to overcome the fear that's killing your potential

Rome wasn't built in a day, but they were laying bricks every hour

The crime your brain commits against you

How to get motivated when you don't feel like it

The quiet workflow revolution

How to strengthen your curiosity muscle

10 ways to prove you're a strategic thinker


Podcasts / Videos??

The David Rubenstein Show: Bill McDermott

Howard Marks: Best lecture ever

TKP: Dr Gio Valiante - Discipline and Resilience

Why every leader needs "aesthetic intelligence"

Chobani CEO on social responsibility


Speeches / Communications

Lesetja Kganyago, Gov of the South African Reserve Bank: "Climate change and policy coordination - What central bankers do?"

Michael Mauboussin, Morgan Stanley: "Total Shareholder Return"


Research Reports??

Key elements of an effective DeFi framework

SFI: Deciphering DeFi

ESMA: Decentralized finance - A categorization of same contracts

Bain: Technology Report 2023

Bain: Building a resilient global EV supply chain amid uncertainty

EY: Monthly PE/VC Roundup - September 2023

McK: Global insurance report 2023 - Navigating Asia's evolving market

WEF: Broadening access to private markets 2023

100 Venture Capital Networks: Present and Future

KPMG: How to elevate finance value through generative AI

Global landscape of climate finance 2023

FTPartners: Q3 2023 Fintech Insights

ADL: Embedded investment, embedded wealth

EY: Key takeaways from the Biden administration executive order on AI

Accenture: The Reinvention Ahead

Deloitte: Hot topics in technology and digital risk 2024

EIC: Tech Report 2023

McK: Europe's Fintech Opportunity

The State of Insurtech

WB: The future of fast payments

GS: Saudi Arabia

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