Bank of America launches new app for retirement withdrawals
Bank of America’s Innovative Approach to Retirement Savings One of the most significant challenges many Americans face is not only saving enough money for retirement but also figuring out how to convert these savings into a steady income. According to Jeff Clark, head of defined contribution research at Vanguard, “Turning retirement savings into a reliable […]
Hurricane Melissa Leaves Behind a Staggering Homelessness Toll
It would be a stretch to call the dark, doorless cement slab where Sashoya Wynter and members of her family are living a “shelter.” But it is where they have been sleeping and cooking since Hurricane Melissa destroyed not just their home, but also the elementary school where they sought refuge during the storm. The […]
October in European tech venture: Scaling trends, emerging patterns
European Venture Capital: Navigating the Shifts and Trends of October Month by month, the European venture capital landscape evolves and transforms. October was no exception, with early signals maturing into more defined trends and structures. The market saw new directions emerge across sectors and geographies, as capital flow patterns became more apparent and new forms […]
Exclusive research: Foreign equities are top advisory asset
Economic turbulence has seen advisor-managed funds ebb and flow towards different asset types over the last year or so. According to new data from Financial Planning’s Financial Advisor Confidence Outlook, some investment vehicles have fared better than others. Since President Trump first announced his tariff policies in April, which saw market outlook tank at an […]
Wash. bank CEO to step down amid $106 million lawsuit
Washington State Bank CEO Steps Down Amid Lawsuit Allegations A Washington state bank is parting ways with its CEO one month after a hedge fund alleged in a lawsuit that the bank was complicit in a borrower’s Ponzi scheme. First Northwest Bancorp, the corporate parent of First Fed Bank in Port Angeles, disclosed late Wednesday […]
Vietnam to allow major banks to increase gold positions
Vietnam’s Central Bank to Increase Gold Positions for Eight Major Banks In a significant financial development, the State Bank of Vietnam (SBV) has announced its plans to increase the end-of-day gold position limit for eight of its major banking institutions. This decision is set to raise the limit from the current 2% to 5% of […]
Westpac extends branch closure moratorium
Westpac Extends Branch Closure Moratorium in Regional Australia Till 2030 In an important development, Westpac, one of Australia’s largest banks, has announced an extension of its branch closure moratorium in regional areas until 2030. The move comes as the bank recognizes the need for physical banking services in regions where digital banking may not be […]
Business Analysis Manager – Retail Bank
Business Analysis Manager at Capital One: A Role Overview As a Business Analysis Manager in the Retail Bank of Capital One, you will have the opportunity to apply your strategic and analytical skills to address significant company challenges. This role is an integral part of the company’s strategic decision-making process and impacts the bottom line […]
Mail automation is the game changer banks can’t ignore
The Role of Mail Automation in Banking and Finance In the banking and finance industry, time and precision are crucial elements that determine success. Every document, whether it’s a loan packet, account statement, or compliance notice, carries not just information, but trust. However, many financial organizations still rely on manual processes for mailing these critical […]
Drudgery and massive costs in ANZ risk fix
ANZ’s Complex Remediation Plan and its Associated Costs The increased complexity and bureaucratic nature of the Root Cause Remediation Plan (RCRP) developed by Australia and New Zealand Banking Group (ANZ) could drive up the costs of managing non-financial risks for the bank. The RCRP is a response to the Court Enforceable Undertaking accepted by the […]