Goldman Sachs divested its entire stake in PTSB through derivatives, signaling a strategic exit from its investment.
Should AI Decide Who Gets a Loan?
AI enhances the loan approval process by reducing approval times and operational costs, though it raises ethical concerns regarding fairness and transparency.
Bank of America (BAC) Price Prediction and Forecast
Bank of America is currently facing significant challenges, including regulatory pressures, insider selling, and changes in investor confidence that could impact future performance.
Stocks to buy-and sell-as Trump returns to the White House
Trump's second term expected to boost certain sectors like banks and crypto, while renewable energy may suffer.
Bank of America (BAC) Price Prediction and Forecast
Bank of America is currently facing significant challenges, including regulatory pressures, insider selling, and changes in investor confidence that could impact future performance.
Stocks to buy-and sell-as Trump returns to the White House
Trump's second term expected to boost certain sectors like banks and crypto, while renewable energy may suffer.
Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
Trump is conducting auditions for Treasury Secretary with several potential candidates, highlighting their backgrounds and implications for his administration.
What DORA means for business
The EU's Digital Operational Resilience Act (DORA) establishes minimum security requirements for financial entities, promoting a systematic, risk-based cyber security approach.
Banking faces a wall of IT debt, Tietoevry thinks it can break through
Traditional banks struggle with outdated IT systems while fintech innovations promise modernization and enhanced capabilities to meet consumer expectations in the financial sector.
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.
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.
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'
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
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.