I didn’t convert my banking internship. I’m taking a year out
The Decision to Take a Year Out After Not Converting My Banking Internship Last summer, I had the opportunity to intern at a prestigious US investment bank. While the experience was valuable, I did not receive a job offer at the end of my internship. As a result, I found myself at a crossroads, unsure […]
ECB fines Spanish bank for not complying with climate rules
The European Central Bank Fines Abanca Over Climate-related Risk Regulations The European Central Bank The European Central Bank (ECB) has levied a fine against Abanca, a prominent Spanish lender, for failing to meet the supervisor’s prudential requirements. These regulations pertain to the proper management of climate-related and environmental risks. Details of the Penalty In a […]
Amerant parts ways with CEO after problem loans spike
Amerant Parts Ways with CEO Amid Growing Loan Issues Amid increasing levels of problem loans, Jerry Plush, the former chairman and CEO of Amerant Bancorp, decided to step down as the company’s leader. This decision comes a week after Plush highlighted the challenges presented by the bank’s rising nonperforming loans. According to the Amerant company, […]
Swiss finance shrinks as regulators tighten grip on prized sector
The Dwindling Numbers of Swiss Financial Institutions Switzerland’s esteemed finance industry is witnessing a declining number of wealth managers and private banks. A surge in regulatory requirements and industry consolidation has compelled these institutions to either close their doors or opt for mergers. The financial industry in Switzerland is gradually shifting to become leaner, regulated, […]
How financial institutions can lead the digital investing revolution
The Changing Financial Landscape: Embracing Digital Investing The financial world is undergoing a rapid transformation, driven by the rise of digital investing platforms that are reshaping how individuals manage their finances. Traditional financial institutions, once considered pillars of security and trust, now find themselves challenged to adapt to this evolving landscape. Research commissioned by InvestiFi […]
PNC Bank to open more than 300 new branches by 2030
PNC Bank: Exploring New Horizons PNC Bank, a subsidiary of the PNC Financial Services Group, has recently unveiled ambitious plans to open more than 300 new branches across the United States by 2030. This expansion will span across nearly 20 US markets, substantially increasing the bank’s reach and accessibility to its customers. The bank’s expansion […]
VP – Municipal Banking Officer
Introduction to the Vice President – Municipal Banking Officer Position As the world of finance continues to evolve with ever-changing trends and advancements in technology, the demand for experienced and skilled professionals in this sector is on the rise. One such position that is currently garnering significant attention is that of the Vice President – […]
Asia’s bankers and traders could get this year’s biggest bonus increases
Financial Services Professionals in Asia Set to Receive Record Bonuses If you work in financial services, you may be in for a pleasant surprise this year, as bonuses are expected to increase significantly compared to last year. According to Options Group, an international search firm, this year’s bonus increases globally are predicted to be the […]
Banks are losing share in rapidly growing HELOC market
Home Equity Lines of Credit (HELOCs): A Growing Trend Amidst Increasing Consumer Debt As American consumers grapple with mounting debt, they are increasingly turning to home equity lines of credit (HELOCs) as an affordable debt solution. This trend, which began in 2022, offers a way to tap into the value of their homes without the […]
AUSTRAC warns banks on illicit tobacco and vape trade
Intensifying Oversight on Australia’s Tobacco and Convenience Stores Brendan Thomas, the CEO of AUSTRAC, and Amber Shuhyta, the Illicit Tobacco and E-cigarette Commissioner, have called for immediate action from Australia’s banking sector. The focus is on strengthening oversight of tobacco and convenience stores, particularly those with private ATMs and Eftpos. This call to action is […]