Finserv Reading - Week ending October 8, 2023

Banking

Will Metro Bank be 2023's next banking collapse?

JPMorgan studied bids for Metro Bank

Rising rates hit bank balance sheets in quarter

Deutsche Bank gets regulatory monitor after surge in Postbank complaints

As business payments go digital, banks must match fintechs

NatWest accelerates branch closures amid digital banking surge

What banks can't afford to miss in the next phase of the BaaS revolution

Community banking: A growing alternative

Ally Financial to lay off nearly 5% of staff

Wall Street bankers hope for dealmaking rebound after boom and bust

Investment banking fees hit the skids

Citigroup outlines layoff process, reassignments in overhaul memo

Barclays begins culling 3% of its dealmakers, Sources


Wall Street

Wall Street isn't sure it can handle all of Washington's bonds

US stocks - time to sell?

Mastering data management for T+1 success

Trading desks race to keep pace with fast changing FX market structure

Quant traders focus on quality data

CBOE and S&P launch 'credit Vix' indices as higher rates squeeze corporates

Investors hope earnings season will revive stocks


Economy?

The US economy's secret weapon: Seniors with money to spend

Big-company bankruptcies hang over economy

The US may no longer avoid a recession

Budget blowout keeps US economy going, until it doesn't

Prepare for 'stalling and divergent' global growth in 2024, UN trade arm warns


Asset Management

Hedge funds Millennium and Schonfeld in advanced partnership talks

Vanguard finds only top earners are financially on track for retirement

Hedge funds using computers to sell up to $30 billion of stocks soon, UBS

The hedge fund bet that's scaring regulators

Hedge fund faves outperform in 3Q


Wealth Management??

Millennials on better track for retirement than Boomers and Gen X

5 areas demanding future readiness in wealth management

Three proven ways to drive organic growth for RIAs

Charles Schwab: Q3 earnings will have warts, and the firm must reassure investors

Fidelity investors report trading platform outage


Insurance

Insurers and regulators look for climate model tech and data to mitigate risks

5 ways insurers can be proactive ahead of a hurricane

Reflecting on 30 years of transformation in the reinsurance sector

Fintechs partner with insurers on embedded offerings


Real Estate???

The owner of the NYSE wants to expedite your mortgage

WeWork skips $95 million interest payments

Wall Street thinks America's homes are overvalued

The apartment market is hitting a construction lull


Payments?

India's banks are making $64 billion from free, cashless payments

PayPal sued in US consumer case over 'industry-high' transaction fees

Preparing for FedNow fraud with lessons from p2p

How can FedNow recruit more US banks? Lessons from Brazil.

FedNow service hits new milestone with more than 100 participating organizations

The great Zelle pool scam

PayPal integrates with ApplePay

US consumers cut back on credit cards as repayments charges hit record high

Autopay is making us worse at managing credit-card bills

Interest rates surge drives US car loan payments to record high


Venture Capital / Private Equity

ABN Amro merges fintech venture fund with Motive Partners

The new kings of Wall Street aren't banks. Private funds fuel corporate America.

Saddling up for the unicorn massacre

Where VC firm Ribbit Capital sees opportunity for fintechs

What the 2023 fundraising landscape means for fintechs

Carlyle dismantling US consumer investing team


AI / ML

The new jobs for humans in the?AI?era

How to future proof the financial services sector with AI

How do different accounting firms use AI

AI and the role of the Board of Directors

Why tech companies want the government to regulate AI

Banks looking to innovate want help from AI

Why big tech's bet on AI assistants is so risky

What tare the benefits and challenges of AI (in insurance)?


ESG / Climate Change

UAE proposes to host UN climate summit for second year as Russia blocks talks

US raises concerns with Peru over Chinese control of infrastructure

ESG ratings: Whose interests do they serve?

The Pope's warning to a warming world

Shortfall in climate change cash grows ahead of COP28

Climate change will impact how much you need in savings

Climate change is a key obstacle for New York City's transit system

Nearly 70% of asset owners say ESG has grown more relevant to investment process

Hedge funds and climate transition

Will the World Bank choose climate change over poverty?

Slow route to net zero will worsen climate crisis, IPCC Chief warns

US could reach net zero target through these key steps

Schroders: 21% of institutional investors will not commit to net zero


Bigtech?

Could Amazon's Just Walk Out technology address the scourge of 'shoplifting'?

The looming data center crunch

We need to break big tech's data broker industry

US warns EU's AI policy will only benefit big tech

Big tech monopolies? Amazon suit broadens an antitrust revival.


Fintech??

a16z-backed fintech Synapse lays off 40% of its staff

Canadian fintechs launch open banking public campaign

CEO of Alan Howard-backed fintech incubator says tradfi is ready for a blockchain boom

Open banking led to a fintech boom


Blockchain / Crypto?

Crypto goes on trial

The crypto market bears the scars of FTX's collapse

Coinbase obtains payment license in Singapore

Why some crypto firms are suspending services in the UK

Banks will have to disclose crypto holdings under new BIS plan

Crypto is about a lot more than a former golden boy turned villain

Asian banking giant is patiently wading into crypto


Regulation / Compliance??

SEC equity market structure proposals: A buy-side view

The DoJ's antitrust battle with Google underlines big tech's preference for secrecy

SEC argues Coinbase crypto case not barred by "major questions" doctrine

SEC sues Elon Musk to compel testimony

CFPB data privacy rule coming later this month


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

Visa[s $100 million venture fund: Revolutionizing the game with artificial intelligence

The long dry spell at one of America's most innovative companies

3 ways product management is shaping the future of innovation and market success

ADP launches corporate venture capital fund

Adding rocket fuel to corporate ventures


Personal Development / Leadership?

These are 23 great rules to be a productive creative

50 (short) rules for life from the stoics

18 things I stole from some of history's greatest leaders

Do the painful things first

How to stay focused when you get bored working toward your goals

How to stick to your goals when life gets crazy

Two reasons why everyone needs to write clearly

How politicians can really lead like Lincoln

The art of the 15 minute meeting and how to run one


Podcasts / Videos??

TKP: Shane Parrish - A glimpse into Clear Thinking

How to solve tough problems betters and faster

Why most Americans aren't saving enough for retirement

Oaktree's Howard Mark on Bloomberg Wealth with David Rubenstein

Think Fast Talk Smart: Simplify! How to communicate complex ideas simply and effectively


Speeches / Communications

Richard Doornbosch, President of the Central Bank of Curacao: "Managing climate risk in the financial sector"

Michelle Bowman, Member of Board of Gov. of FedRes: "Brief remarks on the economy and bank regulation"

Jessica Rusu, FCA Chief Data, Information, Intelligence Officer: "AI - Flipping the coin in financial services"


Research Reports??

BIS: Mapping the realignment of global value chains

OW: Combating digital-era money laundering and terrorism financing

OW/MS: The AI Tipping Point

BCG: A blueprint for the energy transition

McK: The potential for M&A in IT Services

Bank of Canada: Redefining inclusion for the digital age

Destabilizing.digital 'bank walks'

CapGemini: Customer-centricity

CapGemini: Time to level up - CX in Auto

CapGemini: Automation and the data-powered organization

CapGemini: Delivering continuous digital and sustainable business value

Accenture: The cyber resilient CEO

WEF: Green Returns

PwC: Marketplace technology - Powering business lift-off

KPMG: 2023 CEO Outlook

ECB: The economics of CBDC

Banks and financial markets in a digital age

Deloitte: Global Insurance Outlook 2024

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