#banking-and-finance tag

Standard Chartered CEO apologizes for calling some workers 'lower value human capital' in AI push | Fortune

AI-driven efficiency plans will reduce some back-office roles while reskilling staff into higher-value positions, prompting criticism over how workers are characterized.

Information security

fromSecuritymagazine

1 week ago

123,000 Impacted by American Lending Center's Year-Old Breach

A banking and finance data breach involved ransomware, with possible access to sensitive personal information affecting over 123,000 individuals.

Bicycling

fromBikerumor

1 week ago

Knolly Frames and Other Inventory go to Auction Shortly Following Restructuring Announcement

Knolly Bikes entered restructuring after RBC called in its account, prompting evaluation of restructuring options while insisting the company is not closing.

UK politics

fromwww.independent.co.uk

2 weeks ago

America's largest bank wades into Labour's leadership crisis

Jamie Dimon warned Labour not to become hostile to banks and threatened to withdraw major investment if Keir Starmer’s party moved leftward.

History

fromenglish.elpais.com

6 months ago

Baroness Ariane de Rothschild: Saying taxes should be raised for the sake of it isn't the solution; governments should review their policies first'

A non-Jewish, non-Rothschild woman now leads the principal banking group descended from Mayer Amschel Rothschild, contradicting his male-only, endogamous directives.

Business

fromAbove the Law

6 months ago

Cadwalader Reportedly Enters Merger Talks With Top 50 Biglaw Firm - Above the Law

Cadwalader is exploring merger interest, including talks with Alston & Bird, to address talent losses and build a diversified national platform while maintaining strong finances.

fromEntrepreneur

8 months ago

Here's How US Billionaires Got Rich, From Tech to Finance | Entrepreneur

Some of the richest people in the world - Elon Musk, Jeff Bezos, and Mark Zuckerberg - made their fortunes in Silicon Valley. However, a new report in the Wall Street Journal suggests that most U.S. billionaires did not amass their wealth in tech. Instead, it's the banking and finance fields that have produced most of the country's super-rich. According to data shared with the WSJ from wealth intelligence company Altrata, there were 1,135 billionaires in the U.S. last year, up from 927 in 2020.