#financial-industry

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#interest-rates

Donald Trump has some surprising allies in his war on credit card rates

There is growing bipartisan support for capping credit-card interest rates to protect consumers from high costs.

The yo-yo ride for reverse mortgage volume continued in August

The reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.

Donald Trump has some surprising allies in his war on credit card rates

There is growing bipartisan support for capping credit-card interest rates to protect consumers from high costs.

The yo-yo ride for reverse mortgage volume continued in August

The reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.
moreinterest-rates
#private-equity

Antonin Scalia's Son Found a New Way to Exploit the Worst Loophole in the Court System

Private equity funds use tactics like forum shopping to avoid regulations.

Move over dealmakers: Portfolio-company operators are the rising stars of private equity

The private equity business model is evolving, focusing more on operational talent and technology skills due to market challenges.

How private equity convinced Labour to go easy on its multimillion pound tax perk

Private equity leaders celebrated the Labour party's decision to maintain favorable tax rates on carried interest.

Antonin Scalia's Son Found a New Way to Exploit the Worst Loophole in the Court System

Private equity funds use tactics like forum shopping to avoid regulations.

Move over dealmakers: Portfolio-company operators are the rising stars of private equity

The private equity business model is evolving, focusing more on operational talent and technology skills due to market challenges.

How private equity convinced Labour to go easy on its multimillion pound tax perk

Private equity leaders celebrated the Labour party's decision to maintain favorable tax rates on carried interest.
moreprivate-equity
#phishing

Finance industry most at risk for phishing attacks

Email security is crucial as organizations face unprecedented threats, particularly to the finance and construction industries, highlighting the dangers of phishing and BEC attacks.

62% of observed finance domains involved in phishing attacks

The financial industry faces a significant increase in phishing and spoofing attacks, threatening both security and reputation.

Finance industry most at risk for phishing attacks

Email security is crucial as organizations face unprecedented threats, particularly to the finance and construction industries, highlighting the dangers of phishing and BEC attacks.

62% of observed finance domains involved in phishing attacks

The financial industry faces a significant increase in phishing and spoofing attacks, threatening both security and reputation.
morephishing

Compound Influence #3: WallStreetBets - Tearsheet

Wall Street Bets revolutionized retail investing by leveraging social media and community influence, reshaping how financial markets operate.

Jeffries boss shares email sent to Lehman Brothers' CEO on the day it collapsed

Handler reflects on Lehman Brothers' legacy as a cautionary tale, emphasizing humility and resilience in the financial industry.

Bank of America raises minimum hourly pay to $24, as tellers flee the industry

Bank of America will raise hourly wages to at least $24, aiming to attract and retain talent in competitive labor markets.

Hedge fund veteran blames ESG backlash on 'all of these idiots' trying to blackball fossil fuels

Aggressive climate activism has fueled backlash against ESG investing on Wall Street, highlighting the need for moderation in environmental demands.

Building customer trust with design systems

Trust is essential for successful adoption of systems in both internal and external customer contexts.

Kyndryl and Vodafone Business collaborate on new cyber security services

Kyndryl partners with Vodafone Business to enhance security services for financial industry clients.
#finra

Large firms seek to show FINRA remote work can work

Remote inspections pilot program by FINRA may lead to permanent remote work policies in the industry.

Finra Calls AI 'Emerging Risk' in Annual Regulatory Report

AI classified as emerging risk by Finra
Regulatory implications of AI deployment highlighted

Large firms seek to show FINRA remote work can work

Remote inspections pilot program by FINRA may lead to permanent remote work policies in the industry.

Finra Calls AI 'Emerging Risk' in Annual Regulatory Report

AI classified as emerging risk by Finra
Regulatory implications of AI deployment highlighted
morefinra

JPMorgan launches 'research analyst' chatbot to help staff with writing, new ideas, problem solving

JPMorgan Chase & Co. launched an AI tool, LLM Suite, for asset and wealth-management employees to enhance productivity and problem-solving.

$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin Adoption

Proof of Workforce Foundation adds Ajit Singh and Raphael Zagury to its Board of Directors to enhance education-based Bitcoin adoption among workforce organizations.

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

Major U.S. financial industry companies are joining to explore sharing ledger technology.

Daloopa trains AI to automate financial analysts' workflows | TechCrunch

Financial industry heavily relies on manual data entry, prompting Daloopa's AI solution for efficient data extraction and organization.

JP Morgan's Jamie Dimon Compares AI to the Printing Press

Jamie Dimon compares AI's impact to major technological inventions.
J.P. Morgan Chase leverages predictive AI and machine learning for various applications.
AI's potential to reshape job roles and the importance of preparing the workforce for the AI era are key themes.

Job Vacancy: Backend Software Engineer - LLM enthusiast // Kodex AI | IT / Software Development Jobs | Berlin Startup Jobs

Cutting-edge AI technology in financial industry
Seeking experienced Berlin-based Software Engineer for AI solutions

Chase Bank Gets into the Ad Game

Banks are venturing into digital advertising using transaction data for targeted ads.
Chase Media Solutions focuses on precise, data-driven advertising to enhance customer engagement.

Bloomberg

The article discusses the concept of tokenization in the financial industry.
Tokenization can help improve security, efficiency, and interoperability in financial transactions.

Bloomberg

AI-powered chatbots and virtual assistants can enhance customer service in the financial industry.
The use of AI can improve efficiency and effectiveness of customer support in financial institutions.

Tearsheet's 2024 Marketing Awards are now open - Tearsheet

The Tearsheet Marketing Awards are the top awards program in the financial industry focused on marketing and growth.
The awards recognize and celebrate the best customer-facing work in financial services.
#bitcoin

'Bitcoin is Exponential Gold', Says Fidelity's Director of Global Macro

Bitcoin is evolving into an exponential gold, a digital asset with emerging store of value potential.

Bitcoin ETFs and Wall Street: A Double Milestone

Bitcoin's rapid progression from a niche technology to being supported by large investment managers is remarkable.
Bitcoin's acceptance by the financial industry marks a significant milestone for the cryptocurrency and for Wall Street.

'Bitcoin is Exponential Gold', Says Fidelity's Director of Global Macro

Bitcoin is evolving into an exponential gold, a digital asset with emerging store of value potential.

Bitcoin ETFs and Wall Street: A Double Milestone

Bitcoin's rapid progression from a niche technology to being supported by large investment managers is remarkable.
Bitcoin's acceptance by the financial industry marks a significant milestone for the cryptocurrency and for Wall Street.
morebitcoin

President Biden vetoes crypto custody bill | TechCrunch

President Biden vetoed a resolution targeting the SEC's rules on banks handling customers' crypto assets.

How Synchrony is making WFH work when other FIs haven't - Tearsheet

Banks are reconsidering remote work policies due to impending regulatory changes, impacting talent management.

The 'great wealth transfer' will make women richer than men-and that could shake up the banking industry

The future of financial power is shifting towards women due to the great wealth transfer, leading to significant financial gains by 2030.

Unveiling the Future: Data Science and AI in Financial Markets

AI and data science are revolutionizing the financial industry, with significant implications for analysis and decision-making.

Dilemma on Wall Street: Short-Term Gain or Climate Benefit?

The cost of carbon emissions is higher than estimated, leading to significant impacts on the economy and financial industry.
#employee-behavior

SF's Wells Fargo fires employees for allegedly faking keyboard use

Wells Fargo fired employees for simulating keyboard activity to fake work appearance.

Wells Fargo Reportedly Fired Employees for Faking Work | Entrepreneur

Employees were fired for faking keyboard activity while working from home or in a hybrid setting.

SF's Wells Fargo fires employees for allegedly faking keyboard use

Wells Fargo fired employees for simulating keyboard activity to fake work appearance.

Wells Fargo Reportedly Fired Employees for Faking Work | Entrepreneur

Employees were fired for faking keyboard activity while working from home or in a hybrid setting.
moreemployee-behavior

Bankers fired for 'simulating' being at their keyboards

Devices like 'mouse jigglers' were used to fake work activity during the pandemic, leading to dismissals at Wells Fargo.
#wells-fargo

Bank fires employees over fake keyboard activity

Wells Fargo fired employees for faking keyboard activity, using tools like mouse jigglers to simulate work, reflecting challenges of remote monitoring.

Wells Fargo fires more than a dozen employees for faking work: report

Wells Fargo employees fired for faking work activity.

Bank fires employees over fake keyboard activity

Wells Fargo fired employees for faking keyboard activity, using tools like mouse jigglers to simulate work, reflecting challenges of remote monitoring.

Wells Fargo fires more than a dozen employees for faking work: report

Wells Fargo employees fired for faking work activity.
morewells-fargo

Can the TXSE Dethrone Wall Street?

New York City is losing its dominance in the financial industry to Texas, as evidenced by the emergence of the Texas Stock Exchange.
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