Singapore bank sets aside record $470mn provision for Hong Kong property loans
United Overseas Bank Braces for Potential Losses in Hong Kong and US Property Markets United Overseas Bank (UOB), the third-largest bank by assets in Southeast Asia, has decided to set aside its largest ever loan provision of S$615mn (US$470mn). This is a strategic move made in anticipation of potential losses in the Hong Kong and […]
Banking Relationship Specialist | Merrick, NY, USA
About ConnectOne Bank: Building Opportunities for People ConnectOne Bank, founded in 2005, has established itself as a premier institution that puts people first. This principle is not just a corporate slogan; it is the lifeblood that fuels their operations and services. At ConnectOne, the focus is on building – building businesses, communities, equity, and most […]
Upstart stock drops, AI model ‘overreacts’ to macro signals
Upstart, a lending marketplace powered by artificial intelligence (AI), recorded a significant drop in its stock price of 14.8% following the release of its third-quarter earnings report. This sharp decline was not due to poor profits, but instead caused by the behavior of its AI model, which intentionally tightened credit policies, leading to lower loan […]
Director, Investment Banking and Equity Research Technology
Introducing a Top-Tier Career Opportunity: Director, Investment Banking and Equity Research Technology Based in New York, New York, United States of America, TD Securities is offering a top-tier career opportunity as Director, Investment Banking and Equity Research Technology. This full-time position, operating within the Technology Solutions line of business, is designed for a highly organized, […]
Banking Center Manager – Steelton
Engaging Employee Performance through Positive Environment in Banking One of the key aspects of driving employee engagement within any organization is fostering a positive work environment. Such an environment not only inspires and motivates the workforce but also challenges them, providing continuous recognition for their exceptional performance. The Banking Center Manager (BCM) plays a crucial […]
Tangerine taps Engine by Starling for new digital banking platform
Tangerine Bank Partners with Engine by Starling for a New Digital Banking Platform Tangerine Bank, a subsidiary of Scotiabank, has entered a decade-long partnership with Engine by Starling, a banking software-as-a-service division of Starling Group. The partnership aims to provide over two million Canadian customers with a robust digital banking platform. The move is expected […]
Merrill execs set $150B annual asset goal
Investing Time in Clients: A Game-Changing Approach In the fast-paced world of finance, time is money. Every minute counts, and every task completed efficiently can make a significant impact on a firm’s bottom line. Recently, a revolutionary change took place within our team that has transformed the way we operate, giving us more time to […]
Bank of America’s bankers & traders should see these 8 slides
Bank of America Investor Day Highlights Bank of America recently held its investor day, where CEO Brian Moynihan presented the company’s strategy and future plans. While the full presentation can be accessed here, here are some key takeaways: 1. Strategic Focus on Efficiency Bank of America has been focusing on driving efficiency in its operations. […]
ASIC needed to name and shame on private credit
A Deep Dive into Australia’s Booming Private Credit Sector In the ever-evolving financial landscape of Australia, the private credit sector has garnered considerable attention in recent times. According to a survey conducted by the Australian Securities and Investments Commission (ASIC), the sector has seen an exponential growth over the past 18 months. However, the survey […]
Cotribute and Corelation launch AI agents for credit unions | Credit Union Journal
Agentic AI Tools Empower Credit Unions to Grow Without Overhauling Existing Systems In a significant step forward for the credit union sector, digital customer acquisition platform provider Cotribute has launched three advanced AI agents for credit unions. This innovative development was made possible through a partnership with core provider Corelation. The introduction of these AI […]