COMPLIANCE Canadian Banks Have Become Infamous for This Canadian banks have long had a reputation to being “stable” and reserved in their behaviours. But, one thing Canadian banks are infamous for is: money laundering. This was triggered by a report that found branches of TD Bank and RBC in Ontario had allowed factions of an […]
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“Early feedback is usually better than late criticism.Delaying the conversation or stringing someone along with indirect feedback won’t make them feel better once the real issue is finally addressed.Nobody likes getting bad news, but everyone appreciates clarity.” James Clear Being an effective leader, you’re going to encounter hard decisions and difficult conversations. While it’s easier
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M&A Google Rumoured Interested to Acquire Hubspot Google’s parent company, Alphabet, is rumoured to be interested in acquiring Hubspot, a major-player in the SaaS CRM market. Google is seeing and feeling the pinch of the impacts of AI and looking to diversify its business with the CRM behemoth. Although, no official deal has been made,
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Managers are people. We suffer through emotions. We go through ups and downs of life. So, how do you make proper decisions when you’re feeling angry or sad or fearful? According to Nick Huber: Surround yourself with smart people who aren’t YES MEN. Nick Huber Huber goes on to say: “It is tempting (especially as
How to Make Decisions When You’re Angry, Sad or Fearful Read More »
LEADERSHIP If you take pride in being a leader, then having a positive impact is something you’re most likely focused on, here’s 10 strategies for you to consider: [Read the detailed explanation of each of these strategies here.] AI IN BUSINESS ChatGPT goes enterprise. That is OpenAI has launched an Enterprise plan to access its
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BANKING Commercial Banks Stocking Up On Treasuries US commercial banks are stocking up on Treasuries at levels not seen since the pandemic. AI Intuit Bets Big on AI Known for its accounting software, Intuit, is betting big on AI. CEO, Sasan Goodarzi, says Intuit’s strategy is to become an AI-driven expert platform. FRAUD SBF Sentenced
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I remember as a youth trying to apply for entry-level jobs that required “x-amount of experience”. (Nothing much has changed by the way…). There are lots of great hires to be found who don’t have the requisite “experience”. I’ve found quite a few for my own hires and you feel real good about being able
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Fast-Track Your Fintech Knowledge Fintech Fundamentals Training Course This Fintech training course is designed to give you high-level view and understanding of Fintech and its place in financial services. Duration: approx. 3.5 hoursLevel: Beginner (no pre-requisites)Certificate: Certificate of completionInstruction language: English (other languages coming soon) Have a question? Email us at: support@ethanhathaway.com or visit the
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How to Optimize Cash Flow & Working Capital within Your Supply Chain Supply Chain Finance Training Course This training course shows you how to optimize your cash flow and working capital within your supply chain. Available as: Have a question? Email us at: support@ethanhathaway.com or visit the help center. Ready to Enrol? Supply Chain Finance
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FINANCE Is Hong Kong No Longer the Financial Hub It Once Was? Hong Kong is a shadow of what it once was and the latest bill to pass, named Article 23, which builds upon the previous national security law imposed by China, could be the nail in the coffin for Hong Kong’s attractiveness as a
Central Banks Leverage AI to Assess Climate Risks Read More »
The AI hype train is not going to end. It’s not a passing trend or fad (hello NFT’s!), it’s here to stay. Think along the lines of the Internet, email and social media. The development and advancement of AI doesn’t mean humans won’t have jobs, in fact, skills that only humans can have are going
What Human Skills Are Needed Over AI? Read More »
BANKING Citigroup Investigates Bullying Complaint by Senior Banker A senior IPO banker with Citigroup is being investigated for a bullying and harassment complaint. The complaint is made alleging at least two incidents abusive behaviour towards subordinates. BANKING Open Banking Coming to Canada An open banking framework is where banks would share customer’s data (with their
Open Banking Coming to Canada Read More »
CAREER If you want to get ahead and climb the career ladder, you MUST learn to promote yourself and demonstrate your value. Here’s how you can do that. AI IN BUSINESS A deep dive essay looking at AI and the future of work.
How to Raise Your Visibility at Work Read More »
AI in FINANCE JP Morgan Offers Free AI Cash Management Tool JP Morgan has developed an AI-powered cash flow management tool, named Cash Flow Intelligence, that helps corporate treasury departments analyze and forecast cash flows. This AI tool can help treasury departments cut manual work by up to 90%. The key thing to note is
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CAREER You can’t change nor control how your (bad) boss behaves. But you CAN manage how YOU handle your bad boss. Here’s four strategies for handling a bad boss. AI IN BUSINESS Klarna made a splash in the news recently because they replaced 700(!!!) support agents with AI. Resulting in potential savings of $40m. This
How Handle a Bad Boss Read More »
RISK MANAGEMENT NYCB Shares Tumble Due to Internal Control Problems New York Community Bancorp (NYCB) shares tumbled 25% upon disclosures of problems with internal controls & risk management. Also, leading to leadership change effective immediately, the executive chairman, Alessandro DiNello, will take over as President and CEO. BANKING JP Morgan Partners with HSBC and StanChart
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CAREER Hop between jobs too quickly and you’re seen as a “job hopper”. Stay too long, potential employers think there’s something wrong with you or you have no ambition. How do you balance how long you should stay at any one job? Here’s some insight into what you should do. AI IN BUSINESS Want AI
How Long Should You Stay at a Job? Read More »
M&A Capital One Merges with Discover Capital One announced last week plans to acquire Discover Financial Services to be one of the industry’s largest mergers in recent history. Experts say this merger will help Capital One create a more closed-loop environment, similar to what American Express has achieved, giving insights into customer purchase behaviours. IPO
In-House Counsels from Top Firms Experiment with Generative AI Read More »
MANAGEMENT Can you guess what ONE skill leaders lack that result in your team: Have your guess and we’ll share the answer next week. AI IN BUSINESS In another sign that AI is not just a fad, the In-House counsels from top firms such as Adobe, Intel and Ford are getting together to discuss and
Your Team Will Judge You More Harshly If You Lack This Skill Read More »
ECONOMY Japan falls from 3rd largest economy Japan has officially slipped into a recession and also lost its spot as the world’s third largest economy, falling behind Germany. ECONOMY UK enters recession Speaking of recessions, the UK has also fallen into a recession in the latter half of 2023. FINANCE Quantum computing in finance While
Everybody gets a recession Read More »
MANAGEMENT Many companies are starting to mandate and force a return-to-office policy for those who are working from home (remote). While there ARE some jobs that are NOT conducive to remote work, many are and the global pandemic demonstrated that it is possible for workers and companies to thrive in such a hybrid environment. But,
The REAL reason managers aren’t thriving in a hybrid world Read More »
RISK Deepfake defrauds $25M You have to feel a bit sorry for this Hong Kong-based finance professional who fell victim to this detailed deepfake fraud. It cost the company $25M… FUNDING OpenAI CEO Not just Good at AI OpenAI’s “Celebrity CEO”, Sam Altman, is not just good at AI, but fund raising. He’s been doing
Deepfake defrauds $25M Read More »
PERSONAL DEVELOPMENT As massive layoffs and upheaval is happening around the tech and banking industries, if you’re one of the lucky ones to retain their job, then here’s what you can do amidst the chaos of change in your workplace. AI IN BUSINESS AI is an inevitability in the workplace and business. Here’s how you
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AI AI in Finance & Banking Coming in Hot We made an announcement in our sister email newsletter, The AI Edge, that we’ll be merging any AI-related content in finance & banking with the Finance & Money Edge newsletter. And here’s the first share for this week: IBM is building out an AI governance tool
AI in Finance & Banking Coming in Hot Read More »
MANAGEMENT Mark Cuban is known for owning an NBA team and his business wisdom. He shares his 12 mantras for success: Read the full article above for more. AI IN BUSINESS We made an announcement in our sister email newsletter, The AI Edge, that we’ll be merging any AI-related content in business with the Essential
Mark Cuban’s Tips for Success Read More »
ECONOMY US Extends Lead Over China in Battle of the Biggest Economy Like an ode to one of my childhood cartoon series, Battle of the Planets, the US had a good 2023 and extended their lead over China in their battle for who’s economy is bigger. BANKING JP Morgan Shuffles Leadership Many of Jamie Dimon’s
US Extends Lead Over China in Battle of the Biggest Economy Read More »
If you’re lucky you’ll have gone through your career without encountering a “bad boss”, count your blessings. For those who have or currently working with bad bosses, here’s how you can handle working with these bosses.
How to Deal with Bad Bosses Read More »
ECONOMY Germany’s Economy Showing Cracks Since the end of World War II, Germany has been an economic powerhouse for Europe, but cracks are showing in how competitive Germany really is in today’s economy. Last year, Germany’s economy contracted by 0.3% and is seeing competition to its auto manufacturing dominance and hasn’t kept up with technology
Ex-Qatari Finance Minister Convicted of Laundering Read More »
Ever since the global pandemic, there has been a clear shift in the workplace setting. But it’s clear many managers and leaders are “stuck” in decades-old ways and mindset that’s not going to survive going into the future. Here’s 6 workplace trends you should be aware of in 2024.
Are You Aware of These 6 Workplace Trends in 2024? Read More »
Read on! Before we dive in, as AI starts to integrate in your daily life and work, what do you want to know about AI? Have a say in how you stay up-to-date.
A Simple Framework for Effective AI Prompting Read More »
BANKING Big Banks Report Lacklustre Earnings It’s bank earnings reporting season and some of the big guns in banking reported less than stellar results (not unexpected). Citigroup posted huge losses. While Bank of America and Wells Fargo are looking at hits to profits as well as going forward. JP Morgan was the only (so far)
Big Banks Report Lacklustre Earnings Read More »
Poaching internal talent is tricky situation, but if you want to attract the BEST internal talent to your team, here’s some great tactics & strategies without resorting to questionable methods: [Source: Adam Grant]
How to Attract the Best Internal Talent to Your Team Read More »
Read on! Before we dive in, as AI starts to integrate in your daily life and work, what do you want to know about AI? Have a say in how you stay up-to-date.
What is Your AI Wishlist? Read More »
AI JP Morgan Introduces Own AI Model JP Morgan introduced its own AI LLM model which will help in analyzing documents. The purpose is specific to this function to keep it lightweight. CRYPTO Indian Banks Pays Employee Benefits via Digital Currency In December, Indian banks paid out some employee benefits via a digital rupee as
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Sometimes your role as a leader could conflict with your values and feelings, here’s what you can do if you encounter this conflict: Read more here
What To Do If Your Feelings Conflict with Your Leadership Role? Read More »
Unless you’re the CEO, it’s likely you have a boss you report to. This “boss” shares his tips for how you can impress your own boss.
How to Impress Your Boss Read More »
MARKETS Central Banks Hold Rates, But Disagree On Where Things Are Going The Bank of England (BOE), the European Central Bank (ECB) and the US Federal Reserve held interest rates in the past week. While the Fed indicated they see possible rate cuts coming in 2024, both the BOE and ECB feel rates will continue
Citigroup Shuts Down Muni Business Read More »
Maybe you just inherited a new team to manage or you moved to a new company in a new managerial role. In any case, your team doesn’t really know you and very likely won’t trust you so quickly. So, how do you build trust? Try this.
How to Build Trust with Your Team Read More »
CRYPTO Jamie Dimon is Not a Fan of Bitcoin Outspoken JPMorgan Chase CEO, Jamie Dimon, made his disdain for cryptocurrencies, especially Bitcoin known at a recent Senate Banking Committee hearing. [via Grit Capital] INVESTMENT Mubadala Focuses on Asian Investments One of the Middle-East’s largest investment firms, Mubadala Investment announced the wealth fund will set its
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Leading with an iron fist usually doesn’t work very well in the long-run and is really only good for a Netflix show. Building a positive atmosphere and showing appreciation where earned is a great way to foster inspiration and satisfaction in your workplace. Here’s some tips for building a culture of appreciation within your team.
How to Build a Culture of Appreciation with Your Team Read More »
FINTECH Is the World Ready for Digital Currencies? South Korea is testing a digital currency next year, joining other countries such as Hong Kong, Japan, China and India, that either announced or will be testing out their own digital currencies. The Bank of Canada is also looking into the possibility of what a digital currency
Is the World Ready for Digital Currencies? Read More »
We live in an era where workers value a balance in life and understand the need to protect your own mental health and well-being. So, what do you do if your employee comes to you and tells you they’re burned out? Here’s some tips to start.
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CRYPTO CEO of Binance Steps Down and Pleads Guilty Another blow for the Crypto-bro’s, CEO of Binance, Changpeng Zhao (aka CZ) was forced to resign and plead guilty to charges in the US for breaking anti-money laundering laws. The lesson from SBF and CZ? Don’t be known by just your initials…oh, and I guess don’t
CEO of Binance Steps Down and Pleads Guilty Read More »
We’re all not born negotiators and when it comes to negotiating within your workplace, it might be even more nerve-wracking. Fear not, here’s some tips if you need to negotiate within your workplace.
The Art of Negotiating at Work Read More »