#financial-sector

[ follow ]

Bullying and harassment complaints surge in UK's financial sector

Non-financial misconduct reports in UK's financial sector increased by 72% from 2021 to 2023, pointing to toxic workplace cultures.
#economic-growth

Red tape risks turning city into 'graveyard', warns Bank of England official

Excessive regulation risks stifling innovation and growth in the City of London, turning it into a 'graveyard' instead of a thriving economic center.

Regulators and fintech innovators in Africa need to talk more

Africa's fintech sector could generate $230 billion by 2025 if it can reach its population despite regulatory challenges.
Fragmentation in regulation hinders fintech growth in Africa, often leading to high compliance costs that stifle small businesses.

Red tape risks turning city into 'graveyard', warns Bank of England official

Excessive regulation risks stifling innovation and growth in the City of London, turning it into a 'graveyard' instead of a thriving economic center.

Regulators and fintech innovators in Africa need to talk more

Africa's fintech sector could generate $230 billion by 2025 if it can reach its population despite regulatory challenges.
Fragmentation in regulation hinders fintech growth in Africa, often leading to high compliance costs that stifle small businesses.
moreeconomic-growth
#stock-market
from 24/7 Wall St.
3 weeks ago
Business

Nasdaq Composite Today: Earnings Season Heating Up and Inflation Looming

US stock futures are lower as earnings season begins, with banks reporting mixed results amidst ongoing scrutiny of the Fed's interest rate decisions.

Goldman Sachs cutting several hundred employees in annual cull of low performers

Goldman Sachs is laying off hundreds of employees as part of its annual performance review and aims to hire more staff by year-end.

Nasdaq Composite Today: Earnings Season Heating Up and Inflation Looming

US stock futures are lower as earnings season begins, with banks reporting mixed results amidst ongoing scrutiny of the Fed's interest rate decisions.

Goldman Sachs cutting several hundred employees in annual cull of low performers

Goldman Sachs is laying off hundreds of employees as part of its annual performance review and aims to hire more staff by year-end.
morestock-market

Discover's CIO says AI in financial services is still in the 'early stages' as the industry navigates 2 risks

Jason Strle emphasizes the financial sector's critical role in transactions and the caution surrounding the implementation of generative AI due to regulatory constraints.

AWS Releases User Guide for the Digital Operational Resilience Act (DORA)

AWS User Guide to DORA assists financial entities in meeting operational resilience requirements through AWS services and documentation.

Fewer women among top earners in UK finance since pandemic, report finds

Women make up less than 20% of top earners in the financial and professional services sector in the UK, showing a slight decrease from pre-pandemic levels.

Analysts eagerly await SEC's decision on the Ethereum ETF - London Business News | Londonlovesbusiness.com

Analysts are keenly watching the SEC's decision on an Ethereum ETF, which could impact the cryptocurrency market significantly.

AI Washing: Navigating The Legal Maze In The Age Of Smart Tech

AI washing poses risks for companies, and in-house lawyers play a critical role in ensuring accuracy and compliance with regulatory standards.

Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers

Franklin Templeton enabled peer-to-peer token transfers for its money market fund, BENJI, enhancing connectivity in the digital asset ecosystem.

Riyad Bank weighs IPO of investment banking unit

Riyad Bank plans IPO for investment banking unit Riyad Capital
Reflects Saudi Arabia's focus on developing financial sector

Last year was bad for commercial real estate. 2024 could be worse.

Over $900 billion in commercial real estate loans due this year are a significant risk to regional banks and municipal finances.
Commercial real estate loan repayment challenges, especially in the office market, are expected to mirror the difficulties faced in 2023.

The City is still an old boys' club with misogyny widespread, MPs told

Sexual harassment in the UK's financial sector has shifted outside of the office to conferences and work trips.
The #MeToo movement has not had a significant impact on changing the culture of the City firms.
#ai
from American Banker
10 months ago

AI in financial services will require robust, transparent regulation

Regulatory frameworks must evolve to keep pace with the integration of AI in the financial sector.
Algorithm transparency and accountability are crucial for ensuring ethical and fair use of AI in finance.
from Futurism
10 months ago

SEC Chair Warns AI "Herding" Could Drive Markets "Off an Inadvertent Cliff"

SEC chairman Gary Gensler warns of AI-driven financial crisis
AI's growing role in the financial sector could create a 'herding effect'

AI in financial services will require robust, transparent regulation

Regulatory frameworks must evolve to keep pace with the integration of AI in the financial sector.
Algorithm transparency and accountability are crucial for ensuring ethical and fair use of AI in finance.

SEC Chair Warns AI "Herding" Could Drive Markets "Off an Inadvertent Cliff"

SEC chairman Gary Gensler warns of AI-driven financial crisis
AI's growing role in the financial sector could create a 'herding effect'
moreai
#financial sector

Behind The Launch Of A New Biglaw Practice Group

Biglaw firm launched a trading and markets practice group
Frank Weigand joins the firm as the partner leading the practice group

Sekoia: Latest in the Financial Sector Cyber Threat Landscape

The financial sector is the most impacted by phishing worldwide and is increasingly targeted by QR code phishing.
Phishing-as-a-service model is being massively adopted in 2023, with phishing kits sold to cybercriminals.
QR code phishing campaigns are on the rise in the financial sector.

Behind The Launch Of A New Biglaw Practice Group

Biglaw firm launched a trading and markets practice group
Frank Weigand joins the firm as the partner leading the practice group

Sekoia: Latest in the Financial Sector Cyber Threat Landscape

The financial sector is the most impacted by phishing worldwide and is increasingly targeted by QR code phishing.
Phishing-as-a-service model is being massively adopted in 2023, with phishing kits sold to cybercriminals.
QR code phishing campaigns are on the rise in the financial sector.
morefinancial sector

S&P 500 CEO pay up by 112% in 10 years - London Business News | Londonlovesbusiness.com

CEO pay in S&P 500 rose 112% to a record $15.7 million in 2023, driven by stock market performance.

UK inflation falls to BoE's 2% target, what is the implications for investors - London Business News | Londonlovesbusiness.com

Inflation in the UK has fallen to the Bank of England's 2% target, impacting investment decisions positively.

"Simulation of keyboard activity" leads to firing of Wells Fargo employees

Remote work surveillance techniques are increasingly adopted in financial sectors amid the rise of remote work during the COVID-19 pandemic.

Treasury Secretary Janet Yellen Highlights AI's Opportunities and Risks in Finance

Janet Yellen to address AI complexities and risks in financial sector, highlighting benefits and potential pitfalls.
[ Load more ]