After training her replacement, ex-Carson Group employee files age bias suit
A former employee of an RIA bought by Carson Group is alleging age discrimination in a lawsuit contending her position was eliminated after being required to train her younger replacement. Processing Content In a lawsuit moved into federal court in Michigan this week, Andrea Bethune accused Carson Group of forcing her out of her job […]
The debate on autonomy – Retail Banker International
The advent of Agentic AI, or AI systems capable of autonomous decision-making, has become a hot topic in the realm of financial crime prevention. While popular narratives often paint a picture of fully independent systems making significant financial decisions, the reality within regulated financial environments is somewhat different. Financial institutions are required to balance the […]
Payment leaders talk about AI-era careers | PaymentsSource
The Opportunities and Challenges of AI in Payment Careers A career in payments was a distant dream for Maggie O’Toole while growing up in Poland in the 1980s. Limited opportunities for women spurred her to seek a better future elsewhere, leading her to the U.S. where she carved out a successful path in fintech. Today, […]
How advisors can help women clients build confidence
The Importance of Advisors in Overcoming Bias in the Financial Industry Dan Pascone, founder and CEO of Tailored Wealth in Fairfield, Connecticut, highlights a common issue in the financial industry – the rush to make decisions unnecessarily. Pascone emphasizes that the true purpose of financial advice is to provide clarity and confidence to individuals, rather […]
Formerly ‘troubled’ bank reaches truce with activist investor
Stilwell Group and Lake Shore Bank Reach Standstill Agreement In an interesting turn of events, a temporary truce has been reached between Lake Shore Bancorp, the owner of Lake Shore Bank, and the Stilwell Group, a renowned activist investor. The two have agreed to a “standstill agreement,” marking a pause in their ongoing battle. This […]
HSBC could cut 20,000 jobs with AI… who’s next?
We’ve Launched a New Weekly Video Series We’ve launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture. AI-Driven Layoffs in Finance AI-driven layoffs in finance have been on the horizon for some time now, but HSBC is the […]
UBS gets OCC approval for national bank charter
UBS Receives Approval to Convert to National Bank Charter Swiss banking giant UBS has recently received approval from federal regulators to convert to a national bank charter, a move that top executives believe will allow the bank to expand and better compete in the U.S. On March 20, UBS executives announced on LinkedIn that the […]
HSBC weighs up to 20,000 job cuts amid AI shift – report
HSBC Contemplates AI-driven Overhaul, Potentially Eliminating 20,000 Jobs Global banking giant HSBC is reportedly considering a significant reduction of its workforce, a move driven by the integration of artificial intelligence (AI) in its operations. According to a Bloomberg report, the bank could cut up to 20,000 roles, which would represent around 10% of its workforce. […]
2nd Shift Proof Operator (Bank/Credit Union) II
Empowering Community Banks and Credit Unions with Jack Henry As the world continues to evolve digitally, Jack Henry is at the forefront of empowering community banks and credit unions with cutting-edge technology solutions. These solutions are designed to transform and streamline user experiences for their customers and members. The company’s best-in-class products are just the […]
Banking Associate – Goffstown, NH
TD Bank: A Stellar Opportunity for Banking Associate Position in Goffstown, New Hampshire TD Bank, one of the world’s leading global financial institutions, is offering an exciting opportunity for a Banking Associate at their Goffstown, New Hampshire location. TD Bank, the fifth-largest bank in North America by branches, is committed to providing a fair and […]