Client relationships still advisors’ top priority
Artificial Intelligence and the Human Touch in Financial Advisory Artificial intelligence (AI) has become an integral part of the practices of many financial advisors in today’s digital age. While AI technology offers valuable insights and efficiencies, financial advisors emphasize that the human connection remains essential in their work. A recent AI Readiness Survey conducted by […]
Goldman Sachs says top hedge fund jobs are more difficult, more lucrative, harder to come by
The Changing Landscape of Multistrategy Hedge Fund Jobs When Dmitry Balyasny, the founder of multistrategy hedge fund Balyasny Asset Management, spoke on Bloomberg’s Masters in Business podcast last month, he highlighted the evolving nature of portfolio management in the hedge fund industry. He mentioned that a typical portfolio manager now handles around $2bn in gross […]
APRA removes final Westpac capital add-on
APRA Lifts Final Capital Add-on for Westpac In a recent development, the Australian Prudential Regulation Authority (APRA), the country’s top banking regulator, has decided to remove the final capital add-on it had imposed on Westpac. This move by APRA is a significant milestone for the bank and offers an opportunity to reflect on the circumstances […]
Concentrated IT market poses systemic risks, Dutch say
The Netherlands Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) have recently raised concerns over the heavy reliance of European financial firms on a “limited number” of non-European IT service providers. This warning was published on October 20, the same day an outage of Amazon Web Services disrupted IT systems worldwide, highlighting […]
Wisconsin bank makes deal to speed past $10B asset mark
Nicolet Bankshares Strikes a Major Acquisition Deal Green Bay, Wisconsin-based Nicolet Bankshares is set to significantly increase its asset size with a strategic acquisition. The community bank has agreed to purchase Iowa City, Iowa-based MidWestOne Financial Group in an all-stock deal valued at approximately $864 million. This move aims to expand Nicolet’s reach into Iowa […]
Evolve Bank CEO arrested on charges of child exploitation
Evolve Bank CEO Arrested on Charges of Child Exploitation Robert “Bob” Hartheimer, the recently appointed CEO of Evolve Bank and Trust, has been taken into custody on allegations of sexual exploitation of a minor and dissemination of obscene material. According to records from Shelby County, Hartheimer was escorted from the bank’s East Memphis, Tennessee headquarters […]
The 10 best and worst health care funds of the past year
Recent headlines surrounding the health care sector have been dire. Over 100 rural hospitals have closed over the past decade, and over 700 more, representing one-third of the remaining facilities, are at risk of closing soon, according to the Center for Healthcare Quality and Payment Reform. Adding to this crisis are the Medicaid cuts and […]
Three C-suite bankers on how to manage every generation
Understanding and Managing Generational Diversity in the Workplace In today’s modern workforce, companies are faced with the challenge of managing employees from different generations, each with their unique communication styles, personal needs, and motivations at work. This diversity can be both a challenge and an opportunity for organizations looking to leverage the strengths of each […]
Licensed Manager of Retail Banking (Area Manager)
First Citizens Bank: A Legacy of Stability and Opportunities First Citizens Bank, with its 120+ years of legacy, is not just another financial institution. It’s a unique place that provides stability, nurtures family values, and opens up a wealth of opportunities for both its customers and employees. The bank has always been committed to making […]
NAB reshapes executive team
NAB Leadership Team Reshuffle: A New Era of Transformation The National Australia Bank (NAB) has unveiled significant changes to its Executive Leadership Team and responsibilities, marking a strategic shift towards technological modernisation and simplification. These changes are designed to position the bank for future growth and success by leveraging the expertise of seasoned leaders in […]