Why financial advisors struggle with ultrawealthy clients
Wealth Managers and Ultrawealthy Clients Wealth managers are often cautioned to not try to be all things to all clients. But when it comes to ultrawealthy clients, most firms may not be doing enough. Processing Content A new report from the industry researcher Cerulli Associates this week finds that advisors who have large shares of […]
Goldman, Moody’s alum-led credit platform raises $6.1M
The Future of Credit Ratings: AIR Raises $6.1 Million for AI Platform Artificial intelligence-powered credit ratings firm AIR has recently secured $6.1 million in funding to enhance its automated credit intelligence platform. This innovative platform, developed by veterans of Moody’s, DataRobot, and Goldman Sachs, aims to revolutionize the way financial health is evaluated for companies, […]
Wells Fargo’s CEO calls out ‘subpar’ home lending returns
Wells Fargo’s Home Lending Business Faces Challenges Wells Fargo, the United States’ fourth-largest bank, has been grappling with challenges in its home lending business for a few years, as highlighted by CEO Charlie Scharf’s recent remarks. His comments raise the question of whether the bank will consider additional restructuring steps. Despite the issues in Wells’ […]
Supervision must be evidence-based, says ECB’s Buch
Evidence-Based Decision Making: The Future of Banking Supervision Recent insights from Claudia Buch, the chair of the European Central Bank’s supervisory board, emphasize the critical role of data-backed decision making in banking supervision. In her keynote speech delivered at the ECB conference on banking supervision held in Frankfurt on December 9, Buch underlined the need […]