What AI stock selloffs may get wrong in wealth management
Stock swings tied to the potential impact of artificial intelligence and other questions looming over the economy have sent shares of some of the largest wealth management firms tumbling. Processing Content But a half dozen publicly traded U.S. retail brokerages and wealth management firms reached record combined client asset levels, boosted net revenue by 17% […]
HSBC is paying senior bankers who stay $1.4m and senior bankers who go $500k
The Latest on HSBC’s Results and Bonuses HSBC employees are in for a treat this year as the bank has reported a successful financial year. The overall bonus pool at HSBC has seen a significant increase, particularly for senior regulated staff known as material risk takers (MRTs). Bonuses on the Rise According to reports, HSBC’s […]
Beyond banking: How CX Is fintech’s real growth engine
The fintech industry in the United Kingdom has been leading the way in terms of innovation, but the sector has seen its investment levels sink to a four-year low. Despite this, the UK remains the dominant player in European fintech. For many fintech firms looking to expand, the United States presents a land of opportunity, […]
Crypto.com gets conditional approval for OCC trust charter | PaymentsSource
Crypto.com’s Parent Company Receives Conditional Approval from the OCC The Office of the Comptroller of the Currency (OCC) has conditionally approved a national trust bank charter for Foris DAX, the parent company of Crypto.com. This approval signifies a significant milestone in the cryptocurrency industry and the increasing acceptance of digital assets by regulatory bodies. Implications […]
Games and graphics boost client engagement, understanding
Financial advisors have long struggled with a familiar problem: how to explain complex retirement rules in ways clients can actually understand For years, financial advisors have grappled with the challenge of simplifying intricate retirement regulations for their clients. A recent working paper proposes that combining clear visual explanations with interactive, scenario-based tools could significantly enhance […]
Citi sells another 24% of Banamex
Citi Sells 24% Stake in Banamex Mexico Retail Unit for $2.5 Billion Citi has announced the sale of another 24% of its Mexico retail-banking unit, Banamex, for approximately $2.5 billion. The sale comprises 499 million shares and involves a consortium of investors, including private-equity firm General Atlantic, Brazilian bank BTG Pactual, insurance giant Chubb, funds […]
Contactless overwhelms payments
A New Era in Payments: The Rise of Contactless In the ever-evolving world of financial transactions, contactless payments have emerged as the dominant form of in-store payments. According to Richard Wormald, President of Asia Pacific for Mastercard, an impressive 98% of in-store payments are now contactless. This staggering statistic underscores the rapid shift towards more […]
The top trends shaping business and commercial banking in 2026
Emerging Trends Reshaping Commercial Banking by 2026 As the financial landscape continues to evolve, one thing is clear: commercial banking is on the brink of a momentous shift. This transformation is largely driven by the consumerization of technology, which is disrupting traditional business banking solutions and compelling them to evolve or risk falling behind. With […]
AI is taking advisor jobs. It doesn’t have to take yours
Over the last few years, our industry has settled on a refrain when it comes to AI: “It will support human-led financial advice, but not replace it.” That’s true as far as it goes. But we need to be real about how artificial intelligence is already affecting wealth management. Jason Wenk is CEO of Altruist. […]
JPMorgan revealed the reality of the banking jobs market now
Litquidity: A Closer Look at the Financial Insider Instagram Account When it comes to staying informed about the latest news and trends in the financial industry, many professionals turn to social media for insights and updates. One popular account that has been gaining attention is Litquidity, an Instagram page that offers a unique perspective on […]