Finserv Reading - Week ending March 31, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

Chief Operating Officer I Enterprise Software GTM I Adjunct Professor @ Fordham University

Published Apr 1, 2024
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Banking

European bank shares hit six-year high on surging profits and returns

More work is needed to make big banks resolvable

US banks face loss risk from multi-family property loan exposure, says Fitch

Banks need to copy eCommerce's 'friction-free' experiences

S&P Global downgrades outlooks for five regional US banks to negative

Partner banking's future demands compliance via APIs

Where digital banks can make a difference in Asia

Monzo in talks to sell stake to Singapore's GIC

Investment banks struggle to overhaul pay months after bonus cap scrapped

80% of treasurers fear bank failures a year on from SVB collapse, says survey

Jefferies' revenue surge signals positive outlook for major banks

The evolution of embedded finance in 2024

Beyond the core: Rethinking the path to modernization for banks

Commercial banks buy treasuries at fastest pace since pandemic

Neobanks grapple with continued reliance on cards, uneven profitability

OCC reports Q4 2023 bank trading revenue


Wall Street

The psychologist who turned the investing world on its head

Blockbuster M&A deals more than double in first quarter

UK should adopt a T+1 settlement cycle

Market structure reforms challenge broker dealers


Economy 

Sizing up the economic impact of the Baltimore bridge collapse

Inflation victory is proving elusive, challenging central banks and markets

A turning point in central banking

How shipping containers make or break the global economy

Disparate supply-side forces gave US economy an edge

The growth of the South in global finance


Asset Management

Famously obstinate, Bill Ackman is now real-life famous. What next?

Hedge fund launches down in Q4

Two Sigma warns co-founder rift yet to abate as veteran departs

Hedge funds flock to Europe, ditch US stocks


Wealth Management  

Robinhood seeks to broaden its appeal

Wealth management is a risky gold rush for banks

Retirement warning highlights fight over finance's hardest problem

How a new rule could change the way advisors handle your retirement money

Larry Fink says world leaders must address growing retirement crisis

Chase wealth planning tool draws millions of users

Robinhood co-founder steps down

Clock is ticking for Cetera IPO


Insurance

Lloyds of London chief calls for quick insurance payouts on Baltimore bridge

Digitization and data analytics in revolutionizing the insurance sector

Which regions are leading the charge in insurtech innovation and why?

Guidewire cloud continues to witness healthy momentum


Real Estate   

Adam Neumann bids to buy back WeWork for more than $500 million

The office market is in turmoil. So why are rents more expensive?

Meet the bill to ban hedge funds from owning single family homes

What's ahead in New York City commercial real estate

What comes next for the housing market?


Payments 

Discover Financial CEO Michael Rhodes resigns

Visa and Mastercard agree $30 billion settlement over US transaction fees

How the Visa-Mastercard swipe-fee settlement could affect credit-card rewards

US banks see modest hit from deal to lower swipe fee by Visa, Mastercard

Amazon One launches new app to scan your palm for checkout


Venture Capital / Private Equity

Is private equity's bet on life insurance turning sour?

The democratization of private equity: A new horizon for retail investors

Rise of continuation funds highlights potential conflicts

Private-credit firms awash in cash boost hiring

Meet the man trying to fill the shoes of billionaire legend Sam Zell


AI / ML

Huge AI funding leads to hype and 'grifting', warns DeepMind's Demis Hassabis

AI boom drives global stock markets to best first quarter in 5 years

Beware AI euphoria

Asset managers embracing AI but need to go further, survey

The AI industry is steaming toward a legal iceberg

US tech giants turn to Mexico to make AI gear, spurning China

Inside the global battle for AI

How AI could explode the economy

How are different insurance sectors using AI to boost productivity

Asset management firms intend to increase AI budgets

Can AI positively boost asset managers AUM?

JPMAM: Fusing AI with human insights

Generative AI in wealth management


ESG / Climate Change

The climate scientist fossil-fuel companies can't stand

Asset owners want climate transition assets. Here's why.

Why has ESG become the toxic Wordle in asset management?

Morningstar to ditch ESG commitment rating for asset managers

Europe's ESG struggles revealed in Broadridge's top fund brands study

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How climate change is changing heat waves

Climate change endangers 70% of world's wine regions, study

Changing education could change the climate

Can we engineer our way out of the climate crisis?

Climate change driving up inflation in food prices, study

Taking into account climate and nature in monetary policy and banking supervision around the world

Fed announces pilot program on climate risk with six major banks

The home insurance market is crumbling. These owners are paying the price.


Bigtech 

Markets and power in digital capitalism - big tech's walled gardens

Apple, Meta, Google probed by EU under new digital-competition law

Market structure of core banking service providers

Why is the EU probing big tech under the Digital Markets Act?

Should big tech stop moderating content?


Fintech  

5 predictions for fintech in 2024

KPMG launches new fintech platform

Some top fintechs value this function as much as they do innovators and engineers

Synctera is the latest banking-as-a-service startup to lay off staff


Blockchain / Crypto 

The crypto reboot that wasn't: Why FTX 2.0 floundered

Goldman Sachs hedge funds dive back into crypto

Barry Silbert is the crypto world's new villain

Sam Bankman-Fried's crypto dream came true

FTX founder Sam Bankman-Fried sentenced to 25 years 

Novogratz's Galaxy swings to quarterly profit on crypto bounce

House Republicans demand SEC explain what's up with crypto platform Prometheum


Regulation / Compliance  

SEC seeks $2 billion from Ripple Labs over sales of crypto tokens

The bank argument on the Basel III endgame is bunk

CFPB takes action to halt false claims of 'free' international money transfers

FCA warns FS firms and finfluencers to keep social media ads lawful

How banking regulations affect US foreign policy

Regulators are struggling to assess shadow bank contagion risk


Corporate Venture / Innovation                                       

Amazon invests $2.75 billion more in AI startup Anthropic 

6 strategic concepts that set high-performing companies apart

Why playing it safe is the riskiest strategic choice

Why isn't your strategy sticking?

To accelerate growth, analyze your company like an investor

Why some companies grow amid uncertainty - and others don't


Personal Development / Leadership 

How to start Google

These 14 small mindset shifts will change your life

24 leadership principles from the greatest business, military, political and sports leaders

19 rules for a better life (from Marcus Aurelius)

How to be motivated every day

Being consistent is not the same as being perfect

Forget about setting goals. Focus on this instead.

21 things ridiculously successful people do that you should do too

One behavior separates the successful from the average


Podcasts / Videos  

Think Fast, Talk Smart: Radical Candor - The Communication Shift That Can Transform Your Career

Robert Greene: A Process for Finding & Achieving Your Unique Purpose

Deal Talk: Henry Kravis (KKR)

The AI Opportunity: Sequoia Capital's AI Ascent 2024 Conference

SXSW 2024: Amazon on the Future of Artificial General Intelligence

InfoMoney interview: Howard Marks

GS Talks: Robert Rubin - The biggest risks to the US economy are political, not financial

The key to preserving a long term competitive advantage

GS Exchanges: Are the largest US stocks too dominant?


Speeches / Communications

Christopher Waller, Mem of the Board of Gov. of FedRes: "There's still no rush"

Lisa Cook, Mem. of the Board of Gov. of FedRes: "The dual mandate and the balance of risks"

Blackrock: Larry Fink's 2024 Annual Chairman's Letter


Research Reports  

Schroders: Private Equity Lens - March 2024

Guidelines for climate target setting for banks

Embedded finance brings banks to new frontiers of risk

Further Fund Tokenization

The Alan Turing /inst.: The impact of large language models in finance 

UST: Managing artificial intelligence-specific cybersecurity risks in the financial services sector

ECB: TIPS - The European instant payment settlement engine

Unveiling the anatomy of banking crisis

BCG: Building next-gen primary banking relationships

KPMG: Addressing top-of-mind banking and capital markets issues - Q! 2024

The Brookings Inst.: Evolution of Banking in the 21st Century

Oaktree: March Roundup

Bain: Asia-Pacific private equity report 2024

KPMG: Better days ahead?

How private equity fuels non-bank lending

Exploring private capital and its role in portfolios

Private equity's neglected pre-history

OW: Get the money moving

OW: SEC climate disclosure rule

McK: Private markets - A slower era

McK:A new holistic view on circular value chains

Deloitte: The future of financial crime

ARKInvest: Platforms for Innovation

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