BNY Pershing revenue jumped 9% in 2025
After an outflow of client assets in 2024, one of the largest custodians in wealth management flipped that script in 2025 and unveiled its plans for a new referral program. Processing Content BNY Pershing raked in $51 billion in net new assets in the fourth quarter alone, which fueled a total inflow of $55 billion […]
Citi analyst who burned out aged 24 says she was only for the money
The Reality of Burnout in Banking Burnout is a well-known problem in banking. Between the long hours and the genuinely unfulfilling work, it’s easy to ask: what’s this all for? Speaking to Lazo Cetnik, CEO of Pretraga Partners, on the Merger Talks podcast, former Citi investment banking analyst Vitoria Okuyama shared her journey into finance. […]
New England is pocket of recession risk in US – Fed study
The Greater Recession Risk in New England In a recent research note from the Federal Reserve board, economists Hie Joo Ahn, Yunjong Eo, and Lucas Moyon have found New England to be more at risk of recession than the rest of the United States. Despite the overall recession threat in the country being low, these […]
What Issuers and Acquirers Need to Know as Biometrics Become the Payment Default
Understanding Biometrics in Banking and Finance In today’s digital age, the world is gradually moving away from cash, leading to a more interconnected payments ecosystem. With the rapid growth of e-commerce, digital payments via cards and mobile wallets are skyrocketing. As reported by GlobalData analytics, these modes of payments now account for nine out of […]
Advisors using workarounds without total tech integration
When asked what technology improvements would be most helpful for advisors in 2026, Dan Pascone echoed what many have been wanting for a while: It’s not about adding new tools, but making the existing ones work together. Processing Content If onboarding, planning, portfolio management and client communication all happened in one ecosystem without any clunky […]
Wells Fargo workers at Connecticut branch reject union
Key Insight: The failed effort to unionize a Wells Fargo branch in Wallingford, Connecticut, comes one month after six workers at the branch listed their grievances in a letter to CEO Charlie Scharf. Supporting Data: Union organizers have notched wins in elections at 28 Wells Fargo branches nationwide. Following the Connecticut vote, the bank has […]
AI-based portfolio recommendations, development rising
Financial advisors see artificial intelligence eclipsing every other technology trend in wealth management this year Financial advisors are embracing artificial intelligence (AI) as the most significant technology trend in wealth management for the upcoming year. According to a recent survey conducted by Financial Planning, AI-driven portfolio recommendations and construction are expected to revolutionize how advice […]
Fed’s Powell resists DOJ probe
Understanding the Allegations of Perjury in the Federal Reserve Recently, there has been a stir in the financial world regarding allegations of perjury within the Federal Reserve. In a CNBC interview, former Fed Chair Janet Yellen defended her successor, Jerome Powell, against accusations of lying, stating that the probe into his actions was “extremely chilling.” […]