AI native banks will own the future of consumer finance
The Rise of AI-Native Banking: A Disruptive Force in the Future of Finance The future of banking is set for a transformative change, one that is defined by the rise of AI-native institutions. This shift, driven by a surge in the demand for AI and data-centric infrastructure, is not merely a technology refresh. Instead, it […]
Fed study sounds alarm over algorithmic rises in credit limits
The Concerns about Banks Increasing Credit Card Limits Researchers from the Federal Reserve Board have recently drawn attention to the prevalent practice of banks increasing credit card limits, asserting that this poses potential harm to consumers and presents significant issues for policy-makers. Their findings were published in a paper on January 16, which posed critical […]
How to answer client questions about ETF share classes
The Rise of ETF Share Classes in the Fund Industry ETF share classes are poised to revolutionize the fund industry, with advisors at the forefront of navigating their implications. The recent approval by the SEC for Dimensional Fund Advisors to introduce ETF share classes within a single fund structure marks a significant shift in the […]
Fintechs need investment bankers for the most neglected, messy startup jobs
The Importance of Finance Teams in Fintech Startups Many fintech startups will eventually fail, but some make their failure all the more likely by neglecting their finance team. In previous, more abundant fundraising periods, some smaller firms would go years before making their first finance hire – and finance executives at major fintechs think they’re […]
JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
JPMorgan Chase and Citigroup Contemplate Pay Reductions for Senior Executives in the UK Two banking giants, JPMorgan Chase and Citigroup, are considering reductions to fixed pay for their senior executives in the UK, according to a report by Bloomberg. These reviews come in the wake of recent changes to local remuneration regulations. The reviews are […]
Sr. Business Analyst – Small Business Bank Orgs
Introduction to the Role of Sr. Business Analyst – Small Business Bank Orgs The role of the Sr. Business Analyst in Small Business Bank Organizations, such as Capital One, is a pivotal one. These professionals apply their strategic and analytical skills to tackle significant company challenges, teaming up with world-class experts to formulate and test […]
Wells Fargo moving wealth HQ to Florida
Wells Fargo Makes Bold Move to South Florida Wells Fargo, one of the largest banks in the United States, is shaking up the financial industry by relocating its wealth management headquarters to West Palm Beach, Florida. This strategic decision marks the first time a major bank has chosen to run its wealth operations from the […]
Trump threatens to sue JPMorgan over debanking
President Trump’s Legal Threat Against JPMorgan Chase President Donald Trump recently announced his intention to sue JPMorgan Chase for what he claims is incorrect and inappropriate debanking following the January 6th protests in 2021. This declaration was made on Truth Social, a social media platform. Disputing Claims by The Wall Street Journal Trump’s statement was […]