Societe Generale sheds managerial posts in restructuring– report
Societe Generale’s Simplification Strategy Societe Generale, the multinational investment bank and financial services company based in France, is trimming its management layers in an ongoing effort to simplify its structure. The initiative is led by chief executive Slawomir Krupa, who is working steadfastly to streamline the bank’s operations, as reported by Bloomberg. Sweeping Changes in […]
Mongolian governor wants more finance sector foreign ownership
The Mongolian Governor’s Stand on Increasing Foreign Ownership in the Finance Sector Narantsogt Sanjaa, the governor of the Bank of Mongolia, has expressed his support for increased foreign ownership in the country’s banking sector. In a statement published on the bank’s website on June 4, Sanjaa said that greater foreign involvement could greatly enhance Mongolia’s […]
Citi names key Fraser adviser to strategy, investor relations role
Citi Names Margo Pilic as Head of Strategy, Mergers and Acquisitions, and Investor Relations Citi recently announced a significant change in its leadership team, appointing Margo Pilic, the current chief of staff to CEO Jane Fraser, to a new role. Pilic will now serve as the head of strategy, mergers and acquisitions, and investor relations […]
Understanding risk remains a major investor blind spot: TIAA Institute
The Importance of Financial Literacy and Risk Comprehension for Investors According to the TIAA Institute’s 2026 Personal Finance Index, financial literacy among U.S. adults has reached a concerning low, with risk comprehension being identified as the weakest area across all generations. The survey, which included 3,206 participants and covered eight areas of personal finance, highlighted […]
Ramp raises $750 million, plans AI spending software
Ramp Secures $750 Million in Latest Funding Round Financial technology company, Ramp, has just announced the successful completion of its latest Series F funding round, securing an impressive $750 million. This new injection of capital will aid the New York-based fintech in its quest to launch an innovative product for businesses – an AI-driven spend […]
When sports gambling gets legalized, delinquency rates rise
The Impact of Legalized Sports Betting on Consumer Delinquency Rates As sports betting continues to gain legal status across the United States, new research suggests it may well be having an unintended consequence – an increase in consumer delinquency rates. The Federal Reserve Bank of New York has discovered that in counties where sports betting […]
Conglomerates face higher risks than banks – ECB’s Tuominen
Financial Conglomerates May Face Higher Risks than Banks, Says ECB’s Tuominen Financial conglomerates might be more susceptible to shocks than their counterparts that only carry out banking activities, according to Anneli Tuominen, a member of the European Central Bank’s supervisory board. Her remarks came during a speech delivered to the Pan-European Conglomerate Club in Helsinki, […]
I am a summer intern at JPMorgan. This summer will be challenging but ok
Summer Internship at JPMorgan: A Student’s Perspective As a student at a prestigious university, I am thrilled to embark on my summer internship at JPMorgan. Despite the challenges that lie ahead, I believe that this year’s internship will be a valuable learning experience that will allow me to showcase my skills and abilities. With the […]
CFPs earn 11% more than other financial planners: Compensation study
The Value of Holding a CFP Certification in the Financial Planning Industry Holders of the CFP mark continue to earn more than advisors without the certification, although the premium has slightly decreased in 2025. According to the latest annual compensation study by the Certified Financial Planner Board of Standards, advisors with the CFP certification earn […]
When Technology Drives Strategy The New Power Equation for Issuers & Processors
The Dynamic Shift in the Relationship Between Financial Institutions and Issuer Processors In the ever-evolving landscape of the financial industry, a significant shift is underway that is reshaping the traditional relationships between financial institutions (FIs) and their issuer processors. New research reveals that issuer processors have become more than just service providers; they are emerging […]