What We're Reading: Page 40
Industry reads hand-picked by our editors
Oct 20, 2023
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Financial News
Credit Suisse prepares third wave of job cuts, targeting 10% of support roles
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American Banker
Estimated waits, virtual lobbies: Banks step up virtual assistants
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New York Post
Top Wall Street bankers’ vacation homes to be left in the cold this winter thanks to return to office mandates
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The Globe and Mail
Canadian Conservative leader urges Freeland to reject proposed RBC-HSBC deal
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Bloomberg
Tether’s Frontman Inherits Crypto’s $84 Billion Behemoth
Oct 19, 2023
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CNBC
Big banks are quietly cutting thousands of employees, and more layoffs are coming
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The Wall Street Journal
Wall Street’s Green Shoots Risk Wilting
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Bloomberg
UBS Looks Beyond Credit Suisse to Bank Even More Billionaires
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Coin Desk
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
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Reuters
Russian court rules that $20.9 mln in Credit Suisse assets may be seized
Oct 18, 2023
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The Globe and Mail
Scotiabank to cut 3% of global workforce
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American Banker
How one credit union aims to generate buzz for FedNow
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Law360
CFTC’s Top Enforcer Warns: ‘Be Prepared For Admissions’
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Bloomberg
UBS and Chinese Lenders Join Banks Ensnared in Singapore’s $2 Billion Scandal
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The Wall Street Journal
Wall Street’s Latest Obsession Is an Unknowable Number
Oct 17, 2023
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Financial Times
Goldman chief David Solomon calls time on high-profile DJ gigs
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Reuters
Bank of America’s unrealized losses on securities rose to $131.6 bln
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Bloomberg
Wells Fargo Cedes Bank Mortgage Crown to JPMorgan After Pullback
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American Banker
Can banks win at AI?
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Law360
Feds Letting JPMorgan Shield Evidence, Frank Execs Say
Oct 16, 2023
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Bloomberg
The Goldman Banker on a Crucial Mission to Help Juice Its Stock
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The Financial Brand
How Post-Merger Umpqua Updated Its Identity and Retained Brand Equity
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American Banker
Banks are at a ‘tipping point’ amid broad shift to nonbanks: McKinsey
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Financial Times
Gary Gensler urges regulators to tame AI risks to financial stability
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Sky News
NatWest braced for showdown over former CEO’s payoff
Oct 13, 2023
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The New York Times
Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
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The Wall Street Journal
How Banks’ Deposit Pressures Could Get Worse, in Three Charts
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American Banker
After banks balked, a credit union helped establish a tiny home village
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Reuters
Wall St bonuses may drop 16% as higher rates threaten businesses - NY Comptroller
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Bloomberg
Archegos ‘Friendship’ With Nomura Ended in $3 Billion Loss
Oct 12, 2023
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CNBC
These regional banks are at risk of being booted from the S&P 500
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Law360
OCC Taps Enforcement Chief For Big-Bank Supervision Role
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American Banker
FDIC proposes stricter governance guidelines for regional banks
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Bloomberg
Banks Boost Incentives to Lure Buyers With Office Deals Frozen
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Reuters
Wells Fargo rolls out financial planning tool to almost 70 mln customers
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