NAB pay hefty scam compo after branch errors
National Australia Bank Ordered to Pay $140,000 in Compensation Over Extortion Scam The National Australia Bank (NAB) has been ordered to pay compensation of $140,000 plus interest to a customer who suffered financial loss due to a sophisticated extortion scam. This significant compensation payment may be the largest ordered by the Australian Financial Complaints Authority […]
18 best places to work in money management
The Best Workplaces in Money Management The traits that make a money management firm stand out in a crowded industry are various and sundry. They can range from excellent company leadership and employee benefits to unusual perks like allowing dogs in the office or providing subscriptions to meditation apps. Even office decor can be a […]
HSBC taps interim US CEO for permanent role
HSBC Appoints Jason Henderson as CEO for the U.S. HSBC, a leading global bank, has officially appointed Jason Henderson as the Chief Executive Officer for its operations in the United States. This decision comes after Henderson served as the interim CEO for the U.S. and demonstrated exceptional leadership qualities. Michael Roberts, the CEO of HSBC’s […]
Home BancShares to purchase Mountain Commerce Bancorp
Home BancShares to Acquire Mountain Commerce Bancorp in All-Stock Deal Home BancShares (HOMB), the parent company of Centennial Bank, has announced a definitive agreement to acquire Mountain Commerce Bancorp. This strategic merger, approved unanimously by the boards of directors of both companies, will see Home BancShares emerge as the surviving entity in an all-stock transaction. […]
BoE stress test finds UK CCPs resilient to extreme shocks
UK’s Central Counterparties Show Resilience Against Extreme Shock Events: Bank of England’s Stress Test Reveals The Bank of England (BoE) has confirmed that the UK’s central counterparties (CCPs) are equipped with sufficient resources to withstand losses in case of extreme shock events. This finding comes after the BoE conducted a comprehensive stress test on the […]
Associate Bank Financial Advisor (LO)
Wells Fargo: A Career Opportunity for Financial Advisors Wells Fargo, a leading and renowned financial institution, is currently seeking to fill the role of an Associate Bank Financial Advisor (LO) in its Wealth and Investment Management division. Wells Fargo Advisors is a crucial sector of the company, offering a range of financial services and solutions […]
Huntington National Bank expands presence with new branches
Huntington National Bank Expands Footprint in South Carolina The Huntington National Bank has made a significant stride in its expansion strategy, with the opening of its first full-service branches in Charleston and Greenville, South Carolina. The move marks a key step in the bank’s plan to extend its presence across North and South Carolina, with […]
Dana Investment Advisors No. 1 workplace for money managers
Dana Investment Advisors CEO Mark Mirsberger is thrilled to announce that his firm has once again been named the Best Workplace in Money Management by Financial Planning, marking the second consecutive year of this prestigious recognition. However, Mirsberger believes that the true measure of success lies in the remarkable employee loyalty and satisfaction at Dana […]
HSBC’s self-proclaimed “ruthless” CEO is not its most feared person
HSBC Shakes Things Up: The Rise of Roberts and Keefe HSBC, once renowned for its gentle work environment and massive bureaucracy, is undergoing a significant transformation under the leadership of CEO Georges Elhedery. Elhedery has implemented major changes, including merging the investment and corporate banks, as well as cutting back on M&A and equity capital […]
CommBank scrape accounts for leading labour indicator
Commonwealth Bank Introduces New Indicator for Wages and Employment Trends The Commonwealth Bank has recently launched an innovative leading indicator that provides insights into trends in wages and employment. This novel approach is expected to offer a timely snapshot of the evolving conditions in these areas, potentially signalling policy turning points before the release of […]