Yale icon takes stand at Eftpos trial
Barry Nalebuff: A Pivotal Witness in the Mastercard Trial Barry Nalebuff, a renowned professor of economics at Yale University, stepped into the witness box at the Mastercard trial. Known for his contributions to the economic sciences, particularly in the areas of game theory and business strategy, Nalebuff’s testimony is considered potentially critical in the case […]
Consumers feel double-edged impact of interest rate hikes
Central banks worldwide are grappling with the challenge of balancing price stability and financial stability, a task made more complex by rising mortgage rates. The increase in mortgage borrowing costs, a direct result of the markets factoring in inflationary risks from ongoing Middle East tensions, is a stark reminder of how quickly geopolitical tension can […]
Fed’s Cook touts use of AI in financial stability analysis
Artificial Intelligence: A Game-Changer in Financial Stability Research The United States Federal Reserve is harnessing the power of artificial intelligence (AI) to conduct research work related to financial stability. Thanks to the ability of AI to analyze complex data on a massive scale, the central bank has been able to more effectively deliver on its […]
Female bankers want to get their eggs frozen. These are their options
Clarity, Originality, and Usefulness in Writing When it comes to writing, there are three key elements that can make a piece truly stand out: clarity, originality, and usefulness. These elements are essential for capturing the reader’s attention and delivering a message that resonates with them. Let’s explore each of these elements in more detail. Clarity […]
Why table-stakes tax planning is still elusive at many firms
Despite the frequent M&A deals, rhetoric and research focused on tax planning, the wealth management industry is still lagging behind clients’ expectations, according to experts. Processing Content “We work so hard on investment alpha and security selection,” said Scott Smith, the senior director of advice relationships at consulting firm Cerulli Associates. “All of the time […]
‘The death of workers’ rights’ for Bendigo Bank employees
Tech Professionals at Bendigo Bank Face Unsettled Future Technology workers at Bendigo Bank face a precarious future as proposed employment contracts by Infosys, a leading Indian IT company, threaten to strip them of fundamental rights and working conditions. This unsettling prediction was put forth by the Finance Sector Union (FSU), which believes that these contracts […]
Unprofitable Indiana community bank hit with consent order
Indiana’s Farmers and Mechanics Federal Savings Bank Under Regulatory Scrutiny The Farmers and Mechanics Federal Savings Bank, based in Bloomfield, Indiana, has recently become the subject of a federal enforcement action. This action comes in response to the bank’s continued financial struggles, with the institution not recording a profit since 2023. The bank, which currently […]
Bank consolidation may stunt innovation: research
The Impact of Bank Consolidation on Innovation When bank consolidation reaches excessive levels, it can hamper innovation. This is the key finding of new research out of North Dakota State University, which analyzed the effects of bank mergers and acquisitions in the U.S. on innovation. The study, conducted from 1994 to 2020, looked at how […]
Raymond James continues Commonwealth recruiting streak with $2.8B team
Raymond James, already the top destination for advisor teams departing Commonwealth Financial Network, notched another big recruiting win with a New Hampshire group managing nearly $3 billion in client assets. Financial Strategies Retirement Partners is joining Raymond James Financial Services, the firm’s channel for advisors working as independent contractors, in Bedford, New Hampshire. The 24-person […]
Fintech firm Saris secures $28.8m in Series A
Fintech Firm Saris Secures $28.8m Series A Funding Fintech company Saris has successfully raised $28.8 million in a Series A funding round. The funding round was led by 8VC, with participation from Audacious Ventures, Homebrew, Btech Consortium, and Service Ventures. This significant financial boost is set to support the expansion of Saris’ workflow software, which […]