Finserv Reading - Week ending October 13, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

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

发布日期: 2024年10月13日
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Banking

Why we still need bank branches

It's about time bankers were cool again

Big banks steer through 'treacherous' conditions

Buffett's Berkshire reduces Bank of America stake below 10%

The '80-hour-circuit-breaker': Wall Street banks tackle workloads of junior staff

HSBC targets senior bankers in cost-cutting plans

TD Bank faces $3 billion in penalties and growth restrictions in US settlement

Top US banks brace for lowest lending incomes in almost 2 years

Grasshopper Bank to buy Auto Club Trust

Financial institutions have a missed opportunity with alerts

More digital banks make profit, but still face higher credit risks

JPMorgan's investment banking revenue jumps nearly 30% as fees surge

How challenger banks are adapting to stay in the game

UK neobank Monzo hits $5.9 billion valuation with secondary market sale

Regional banks brace for tougher capital rules, get relief from Fed cuts

The continuing relevance of the retail bank branch

Wage growth and financial crime to squeeze retail bank margins

It's a good thing that European dealmaking is back on the table


Wall Street

Wall Street profits surge despite questions about the economy

New titans of Wall Street: how Jane Street rode the ETF wave to 'obscene' riches

US Treasury yields top 4% for first time in 2 months

September ADV: eTrading platforms see volumes soar

The limits of bond market electronification


Economy

Soft landing or hard? Bank results show path to no landing

The data says the US economy is strong. Swing-state voters disagree.

Prices are up in all US metro areas but some much more than others

Falling rates and growing confidence in US economy drive a bond revival

JPMorgan calls it: The US economy has made a soft landing


Geopolitics

How Russia's 'shadow fleet' gets its ships

This Chinese miner dominates global cobalt supply. The US is crying foul.

Brent crude surges above $80 as conflict and storm spark supply fears

He wants to be the lithium king. Run for President. And live to 150.

Global trade grows but remains vulnerable to war and geopolitics

Jamie Dimon says geopolitical risks are 'treacherous and getting worse'

Europe's could become Trump's geopolitical roadkill

Despite geopolitical tensions, China is big business for Western consulting firms

Geopolitical conflict could cost global economy $14.5 trillion over 5 years: Lloyds


Asset Management

Fixed income helps Blackrock? AUM reach record $11.5 trillion

Alternatives managers, your investors want an upgrade to your uninspiring tech

Investment industry loves active ETFs. You probably shouldn't.

Hedge funds won't be shut out of the private credit party

Lazard Asset Management hired to build active ETFs


Wealth Management??

What the Fed rate cut will mean for five areas of your financial life

Ex-UBS Chief Ralph Hammers tapped to advise wealth startup Arta Finance

Why Robinhood is seeking merry traders overseas

Robinhood hits $10 billion in IRA retirement assets in under two years

Fidelity Investments discloses data breach affecting 77,099 customers?

Dynasty Financial Partners secures growth capital from Blackrock, JPMorgan in latest funding raise


Insurance

Hurricane Milton will test Florida's creaking home insurance system

After floods, soaring insurance rates become a hot election issue

As hurricanes persist, soaring insurance costs hit commercial real estate?

The true cost of losing your home in a hurricane (after insurance)

Hurricane Milton could cost insurers $60 billion


Real Estate???

The great?Florida migration is coming undone

Hurricane Milton leaves millions without power after lashing Florida?

Pending home sales post biggest increase since 2021

Hurricanes devastate Florida, plummet home sales

The commercial real estate market is in a 'normalization period'


Payments?

Who are buy now, pay later borrowers, and what are they buying?

Citi and Mastercard join forces to transform global cross-border payments

Sam's Club opening cashierless store

MoneyGram says hackers stole customer data

Carrying a credit-card balance has gotten way more expensive?

Apple shifts payment strategy to ecosystem expansion


Venture Capital / Private Equity

The?evolution of private equity

General Atlantic chief says higher UK taxes will not harm investing

Why privte credit's gung-ho growth needs proper monitoring

VCs want active, not passive corporate investors

Coinbase Ventures shifting strategy

Enterprise fintech VC funding bounces back driven by larger deal sizes

VanEck launches $30 million fund to support innovation in fintech, crypto and AI


AI / ML

The AI pioneer thinks AI is dumber than a?car

The week that artificial intelligence swept the Nobel prizes?

AI is coming for wealth management

OpenAI pursues public benefit structure to fend off hostile takeovers

A godfather of AI just won a Nobel. He has been warning the machines could take over the world.

How to say no to our AI overlords

China's AI startups race to crack US market

AI doesn't know much about golf. Or farming, or mortgages, or...

Microsoft's AI story is getting complicated

HSBC exec says there's a lot of AI 'success theater' in finance?

The state of gen AI implementation among European banks

How AI is dramatically transforming the wealth management landscape

Technology working group reports on AI use in fund management

How artificial intelligence is transforming wealth management

Can artificial intelligence replace human traders?

Reducing insurance loss ratios with data science and AI algorithms


ESG / Climate Change

领英推荐

How extreme weather worries are driving revenue growth at data giant MSCI

'You only go to the party if everyone is going': finance bosses to skip COP29

The energy transition is just beginning?

The distribution grids, the pillar of the energy transition

Green hydrogen: Driving decarbonization of energy transition

Greenwashing backlash hinders ESG investment in US

ESG: From trend to urgent

Yet another hurricane wetter, windier and more destructive because of climate change

Hurricane Milton's ties to climate change?

Climate change is transforming how scientists think about their roles

Watery is 'canary in the coalmine' of climate change

Why you won't hear the military arguing about climate change

Americans are flocking to US regions most threatened by climate change

With ESG on the rebound, it's time to abandon climate doom narratives


Bigtech?

How a break-up of Google could transform tech

Google break-up could turn big tech into medium tech

Will Google be broken up?

Big tech is bringing nuclear power back to life

Big tech's biggest foe

Why big tech makes a poor babysitter


Fintech??

UK fintechs have an overall positive impact on the country

Fintech OpenBB aims to be more than an open source Bloomberg terminal

Europe's fintechs come to terms with their new normal

The 'three-body problem' in fintech and the unpredictable impact of AI


Blockchain / Crypto?

Swift gears up for 2025 live trials of digital asset transactions

Will crypto's huge investment in the 2024 elections pay off?

Crypto startup backed by Sam Altman to launch derivatives exchange

Mastercard CPO calls for 'rethink' of payments technology with tokenization

ECB exec calls to embrace DLT, tokenization to improve Europe's 'fragmented' capital markets

State Street Global Advisors on tokenization: Bonds soon, real estate further off

Almost half of investors plan to invest in crypto ETFs: Charles Schwab

Almost half of traditional hedge funds are dabbling in crypto


Regulation / Compliance??

Breaking up is hard to do: Antitrust officials weigh splitting Google, others

SEC's crypto regulation labeled a disaster by commissioner

A second stint for Gallagher at SEC gets crypto world's attention

Are you ready for open banking and proposed CFPB rule?

What the CFPB has been up to


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

Coping with disruption

Cisco to invest in AI startup CoreWeave

4 ways to drive innovation in an era of AI

Innovating with agility, deep tech and AI

An innovation philosophy that can drive stakeholder value


Personal Development / Leadership?

Shift your leadership?from "power over" to "leading through"

How to disagree

3 ways to level up your leadership

'Founder mode' helps explain the rise of Trump in Silicon Valley

The definition of success is autonomy

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

Why everyone needs an inner citadel

Do more of what already works

The downside of work-life balance


Podcasts / Videos??

David Rubenstein: Sundar Pichai, Google CEO

Kimbal Musk and Walter Isaacson?

Living Through Revolutionary Times: David Brooks and Fareed Zakaria?

Rich Roll: Never play it safe - 7 practical tools to build the life you want

Seth Godin: Six words that'll change you

The geopolitics of payments and the role of the US$ in a changing world

GS Exchanges: How to find alpha with Bridgewater Associates' Co-CIO


Speeches / Communications

Steven Maijoor, Exec Dir of Supervision?of Bank of Netherlands: "2024 - An AI Odyssey"

Nikhil Rathi, CEO of the FCA: "Predictable Volatility"


Research Reports

State of AI Report 2024

BIS: Quantum computing and the financial system

BIS: Evidence of nearshoring in the Americas

OW: Private credit's next act

BCG: Five must haves for AI upskilling

McK: A new dawn for the technology officer

McK: The state of retail banking - Profitability and growth in the era of digital and AI

WEF: Governance in the age of GenAI

Accenture: Reinventing enterprise operations

Accenture: As a service, at your service

BCG: Supply Chains - Unlocking the value potential of AI and GenAI transformation

The state of critical minerals report 2024

LoL: Geopolitical conflict

CFR: Preventive Priorities Survey 2024

How geopolitics is reshaping trade

CG: We are not on track to meet the Paris Agreement's objectives

Energy Transition Outlook 2024

Navigating Corporate Venture Capital?

JPM/Nasdaq: Revitalizing Innovation

AB: 3Q 2024 Macro and Markets Review

Bank runs and interest rates

Private Equity vs Private Credit?

KPMG: 2024 Asset Management CEO Outlook

KPMG: 2024 Banking CEO Outlook

KPMG: 2024 Technology and Telecommunications CEO Outlook

EY: Responsible AI Principles?

EY: Global Trade Update

Deloitte: How technology empowers success in the alternative assets market

Deloitte: The CFO as a value driver?

Deloitte: Modernizing your fintech organization to support growth

FTPartners: Fintech October 2024

Existing authorities for oversight of frontier AI models

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