UBS faces high-stakes Senate hearing over Nazi accounts
UBS Under Pressure Over Nazi-Related Accounts UBS, the Swiss banking giant, is facing increasing pressure from a bipartisan pair of U.S. senators and a billionaire Trump donor to provide a full accounting of Nazi-related accounts at its predecessor bank Credit Suisse. Amid allegations of a cover-up and as UBS seeks to expand its U.S. wealth […]
EU banks need more control over their data – DNB board member
EU Banks Urged to Strengthen Data Control The chair of supervision at the Netherlands Bank (DNB), Steven Maijoor has asserted that banks within the European Union (EU) need to take a more robust control over their data. This move, according to Maijoor, is vital to reducing dependencies on non-European digital infrastructure providers, a situation which […]
The AI prompt that could wipe out banks’ net interest income
The Future of Banking: AI Disruption and the Threat to Net Interest Income The banking industry is poised for a significant shakeup as artificial intelligence (AI) technology continues to advance. As pointed out by JPMorganChase CEO, Jamie Dimon, competition in the banking sector is intensifying. In his comments at the World Economic Forum, he warned […]
2026 state of estate planning
The 2026 State of Estate Planning Report: Key Trends and Sentiments The 2026 State of Estate Planning Report sheds light on the emerging trends and sentiments that advisors need to be aware of for the upcoming year. This report unveils valuable insights into what is on consumers’ minds as they contemplate legacy, wealth transfer, and […]
Citi pilots AI-assisted collaboration feature for employees
Citi recently introduced a new capability called Spaces within its Stylus Workspaces AI platform, allowing up to 15 employees to collaborate on projects with AI assistance. The pilot group of 250 employees has already begun using Spaces, and it will soon be rolled out to all 182,000 employees with access to Stylus Workspaces. This move […]
Banco Santander inks $12.3B deal to buy Webster Financial
Banco Santander to Acquire Webster Financial for $12.3 Billion The Spanish banking titan, Banco Santander, is set to acquire Webster Financial, a Connecticut-based financial institution, in a deal worth $12.3 billion. This announcement was made on Tuesday, marking a significant step for Banco Santander in the expansion of its U.S. presence. Key Details of the […]
NY fintech founder Gökçe Güven charged in $7M fraud case
Fraud Allegations Besiege Kalder’s Founder, Gökçe Güven High-stakes drama is unfolding within the fintech industry as Gökçe Güven, founder of the rewards-focused financial technology company, Kalder, faces a plethora of fraud charges. Federal prosecutors have indicted Güven on allegations of securities fraud, accusing her of maintaining two sets of books to mislead investors into parting […]
Commercial Banker – Startup Banking – Vice President
Commercial Banker Role: A Deep Dive into the World of Startup Banking The world of banking and finance is vast and diverse, with numerous roles and responsibilities that cater to different sections of the economy. One such role that is becoming increasingly significant in the contemporary financial landscape is that of a Commercial Banker specializing […]
Kestra expands advanced planning under HNW lawyer
Incorporating Tax Services: Kestra Financial Hires Veteran Estate Lawyer In a move signaling the intensifying competition in wealth management to enhance their tax services, one of the largest independent firms has appointed a seasoned estate lawyer to lead its advanced planning team. Enhancing Advanced Planning Capabilities Kestra Financial, based in Austin, Texas, recently announced the […]
Morgan Stanley, JPMorgan, BofA & Citi ramped up US MD hiring last year
US Banks Experience Surge in Managing Director Hiring in 2025 2025 proved to be a significant year for US banks in terms of hiring and exits. According to a recent report, top US banks witnessed a doubling of their managing director (MD) hiring during the year. The data, sourced from search firm Sheffield Haworth, indicates […]