Charles Schwab accused of firing Los Altos investment consultant because he ran for Congress as DemocratPhil Arballo alleges wrongful termination from Schwab due to his Democratic political candidacy, filing a lawsuit after being dismissed from his financial advisor position.
Bank fires employees over fake keyboard activityWells Fargo fired employees for faking keyboard activity, using tools like mouse jigglers to simulate work, reflecting challenges of remote monitoring.
SF's Wells Fargo fires employees for allegedly faking keyboard useWells Fargo fired employees for simulating keyboard activity to fake work appearance.
OCC terminates 2021 Wells Fargo consent orderWells Fargo closes its eleventh consent order since 2019, indicating progress in regulatory compliance.
Wells Fargo fires more than a dozen employees for faking work: reportWells Fargo employees fired for faking work activity.
Bank fires employees over fake keyboard activityWells Fargo fired employees for faking keyboard activity, using tools like mouse jigglers to simulate work, reflecting challenges of remote monitoring.
SF's Wells Fargo fires employees for allegedly faking keyboard useWells Fargo fired employees for simulating keyboard activity to fake work appearance.
OCC terminates 2021 Wells Fargo consent orderWells Fargo closes its eleventh consent order since 2019, indicating progress in regulatory compliance.
Wells Fargo fires more than a dozen employees for faking work: reportWells Fargo employees fired for faking work activity.
Wall Street titans are racing to build the next Berkshire Hathaway. Emulating Warren Buffett won't be easy.Wall Street firms aspire to replicate Berkshire Hathaway's investment model, emphasizing patience and smart capital allocation.
Hybrid Work Schedules Become a New Normal in Advice IndustryThe financial industry is increasingly favoring hybrid work arrangements despite some firms pushing for full-time office attendance.
Wells Fargo Reportedly Fired Employees for Faking Work | EntrepreneurEmployees were fired for faking keyboard activity while working from home or in a hybrid setting.
Hybrid Work Schedules Become a New Normal in Advice IndustryThe financial industry is increasingly favoring hybrid work arrangements despite some firms pushing for full-time office attendance.
Wells Fargo Reportedly Fired Employees for Faking Work | EntrepreneurEmployees were fired for faking keyboard activity while working from home or in a hybrid setting.
How Bitcoin Became BoringCryptocurrency is increasingly becoming integrated into traditional finance and gaining legitimacy, despite initial skepticism.
Move over dealmakers: Portfolio-company operators are the rising stars of private equityThe private equity business model is evolving, focusing more on operational talent and technology skills due to market challenges.
The yo-yo ride for reverse mortgage volume continued in AugustThe reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.
How Bitcoin Became BoringCryptocurrency is increasingly becoming integrated into traditional finance and gaining legitimacy, despite initial skepticism.
Move over dealmakers: Portfolio-company operators are the rising stars of private equityThe private equity business model is evolving, focusing more on operational talent and technology skills due to market challenges.
The yo-yo ride for reverse mortgage volume continued in AugustThe reverse mortgage industry is experiencing a fluctuating performance but remains optimistic about potential lower interest rates.
President Biden vetoes crypto custody bill | TechCrunchPresident Biden vetoed a resolution targeting the SEC's rules on banks handling customers' crypto assets.
Donald Trump has some surprising allies in his war on credit card ratesThere is growing bipartisan support for capping credit-card interest rates to protect consumers from high costs.
President Biden vetoes crypto custody bill | TechCrunchPresident Biden vetoed a resolution targeting the SEC's rules on banks handling customers' crypto assets.
Donald Trump has some surprising allies in his war on credit card ratesThere is growing bipartisan support for capping credit-card interest rates to protect consumers from high costs.
Antonin Scalia's Son Found a New Way to Exploit the Worst Loophole in the Court SystemPrivate equity funds use tactics like forum shopping to avoid regulations.
How private equity convinced Labour to go easy on its multimillion pound tax perkPrivate equity leaders celebrated the Labour party's decision to maintain favorable tax rates on carried interest.
Antonin Scalia's Son Found a New Way to Exploit the Worst Loophole in the Court SystemPrivate equity funds use tactics like forum shopping to avoid regulations.
How private equity convinced Labour to go easy on its multimillion pound tax perkPrivate equity leaders celebrated the Labour party's decision to maintain favorable tax rates on carried interest.
Finance industry most at risk for phishing attacksEmail security is crucial as organizations face unprecedented threats, particularly to the finance and construction industries, highlighting the dangers of phishing and BEC attacks.
62% of observed finance domains involved in phishing attacksThe financial industry faces a significant increase in phishing and spoofing attacks, threatening both security and reputation.
Finance industry most at risk for phishing attacksEmail security is crucial as organizations face unprecedented threats, particularly to the finance and construction industries, highlighting the dangers of phishing and BEC attacks.
62% of observed finance domains involved in phishing attacksThe financial industry faces a significant increase in phishing and spoofing attacks, threatening both security and reputation.
Compound Influence #3: WallStreetBets - TearsheetWall Street Bets revolutionized retail investing by leveraging social media and community influence, reshaping how financial markets operate.
Jeffries boss shares email sent to Lehman Brothers' CEO on the day it collapsedHandler reflects on Lehman Brothers' legacy as a cautionary tale, emphasizing humility and resilience in the financial industry.
Bank of America raises minimum hourly pay to $24, as tellers flee the industryBank of America will raise hourly wages to at least $24, aiming to attract and retain talent in competitive labor markets.
Hedge fund veteran blames ESG backlash on 'all of these idiots' trying to blackball fossil fuelsAggressive climate activism has fueled backlash against ESG investing on Wall Street, highlighting the need for moderation in environmental demands.
Building customer trust with design systemsTrust is essential for successful adoption of systems in both internal and external customer contexts.
Kyndryl and Vodafone Business collaborate on new cyber security servicesKyndryl partners with Vodafone Business to enhance security services for financial industry clients.
Large firms seek to show FINRA remote work can workRemote inspections pilot program by FINRA may lead to permanent remote work policies in the industry.
JPMorgan launches 'research analyst' chatbot to help staff with writing, new ideas, problem solvingJPMorgan Chase & Co. launched an AI tool, LLM Suite, for asset and wealth-management employees to enhance productivity and problem-solving.
$5.1 Billion Pension Fund CIO Joins Non-profit Organization Focused on Bitcoin AdoptionProof of Workforce Foundation adds Ajit Singh and Raphael Zagury to its Board of Directors to enhance education-based Bitcoin adoption among workforce organizations.
U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset TransactionsMajor U.S. financial industry companies are joining to explore sharing ledger technology.
Daloopa trains AI to automate financial analysts' workflows | TechCrunchFinancial industry heavily relies on manual data entry, prompting Daloopa's AI solution for efficient data extraction and organization.
How Synchrony is making WFH work when other FIs haven't - TearsheetBanks are reconsidering remote work policies due to impending regulatory changes, impacting talent management.
The 'great wealth transfer' will make women richer than men-and that could shake up the banking industryThe future of financial power is shifting towards women due to the great wealth transfer, leading to significant financial gains by 2030.
Unveiling the Future: Data Science and AI in Financial MarketsAI and data science are revolutionizing the financial industry, with significant implications for analysis and decision-making.
Dilemma on Wall Street: Short-Term Gain or Climate Benefit?The cost of carbon emissions is higher than estimated, leading to significant impacts on the economy and financial industry.
Bankers fired for 'simulating' being at their keyboardsDevices like 'mouse jigglers' were used to fake work activity during the pandemic, leading to dismissals at Wells Fargo.
'Bitcoin is Exponential Gold', Says Fidelity's Director of Global MacroBitcoin is evolving into an exponential gold, a digital asset with emerging store of value potential.
Can the TXSE Dethrone Wall Street?New York City is losing its dominance in the financial industry to Texas, as evidenced by the emergence of the Texas Stock Exchange.