BANKING Blackstone joins the trillion dollar club Private equity firm, Blackstone, is the first private equity firm to reach $1 trillion of assets under management. Reaffirming the notion that Blackstone will own everything in the world. Everything. PAYMENTS Amazon to launch new biometric payment method Amazon’s “pay-by-pal” payment method, where you pay by holding your […]
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This is a superpower trait of leaders that’s proven to be quite valuable in the long run. “Curious” to know what it is? Do you have this trait? (You’ll see what I did there).
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FINTECH Monzo Merger? Monzo, the British digital bank, is contemplating a merger with Lunar, a Denmark digital bank. As Monzo eyes other mergers to expand across Europe. BANKING Canada’s Laurentian Bank, Looking for Suitor The 177 year old Canadian bank, Laurentian Bank, is looking for potential buyers. The ninth-largest lender in Canada, they’re finding it
I’ve been fortunate to be a part of very close and friendly teams, but also experienced times when there were individuals who created tensions and toxicity within an otherwise harmonious work environment. As a manager, pretending it doesn’t exist or trying to sweep bad behavior under the rug can result in you losing the entire
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ENERGY OPEC bro’s new applications are open OPEC (the Organization of Petroleum Exporting Countries) is open for new applications to join as new members. In order to be considered for membership, the candidates must be net exporters of oil and have goals “aligned” (hint, hint, wink, wink) with those of OPEC. [via Grit Capital] INVESTMENT
Saudi Arabia Forms Sports Investment Group Read More »
Email is still a vital tool in many ways. But when it comes to productivity, email can be the bane of focus and productivity. I’d be willing to wager many executives are at the mercy of email and it’s time to shift your mindset and approach to email so it no longer becomes a anchor
Are you at the mercy of email? Read More »
COMPLIANCE Wall Street Banks Pass Compliance Tests 23 of Wall Street’s biggest banks passed (without the help of ChatGPT too!) their annual stress tests showing how the big banks are currently strong. Probably giving more reasons for small regional banks to bite their nails. BANKRUPTCIES Corporate Bankruptcies Increase Even though thoughts on a global recession
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You’d think asking for 110% effort from your team is the way to produce a top performing team. But it looks like thats the wrong way. This is the most ideal amount of effort to reach top performance.
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COMPLIANCE Google’s Anti-Money Laundering AI Google is releasing an AI-tool to help financial institutions with anti-money laundering. It’s already being deployed at HSBC in London and Brazil’s Banco Bradesco. The AI should be a boost to fighting anti-money laundering considering the job the humans are doing… (…ducks for cover, just kidding…or am I?). AI Banks
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Meetings are biggest time-sucks for productivity. While you can’t avoid meetings altogether, here’s how you CAN make them shorter.
How to Make Your Meetings Shorter Read More »
ECONOMY European Rates Hit 20 Year High The European Central Bank (ECB) raised interest rates hitting the highest rates in the region in the last two decades. Hold on to your pants people, this is going to be a bumpy ride. AI AI in Wealth Management, Hold Your Horses As AI dominates the news headlines
AI in Wealth Management, Hold Your Horses Read More »
ECONOMY US and UK Pledge to Continue Being Friends The US and the UK signed the “Atlantic Declaration”, pledging to partner up regarding AI, clean energy, crucial minerals and aid to Ukraine. [via Grit Capital] ECONOMY Eurozone in Recession for Q1 The Eurozone fell into recession for Q1 with a fuzzy future ahead, while Australia
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Since people generally fear public speaking more than dying, but public speaking is such a “cheat-code” for success, here’s five tips for getting your points across clearly and effectively when giving a public speech. You’re welcome.
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FINTECH Digital Bank Monzo Turns Profit British digital bank, Monzo, announced they reached monthly profitability back in March of this year. With over 7m users in the UK, Monzo is the largest banking app in the UK. BANKING Goldman Considering Third Round of Cuts Goldman Sachs is contemplating a third round of layoffs with the
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The culture of a workplace tends to be this intangible and magical element with not much definition. When people talk about workplace culture, here’s some tips on how to build your team culture like a product.
How to build “culture” Read More »
AI 6 Ways AI Will Help Your Receivables Risk There’s a lot of doom and gloom surrounding the latest headline darling, AI. While there’s cause for caution, the practical uses are looking to outweigh the possible doomsday cases. In terms of finance, here’s six ways AI will be able to help with debt collection and
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Feedback loops are critical components to an ever-improving team. Giving constructive criticism and feedback can be balancing act. Giving a simple “Good job” really doesn’t cut it. Here’s 5 principles to try to give more impactful feedback.
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MARKETS Recession? Pfftttttt Even with constant signs of looming recession, the S&P 500 closed at its highest in the year this past week. Investors don’t seem to be spooked by any looming signs of recession. BANKING Lazard CEO Steps Down Lazard CEO Ken Jacobs will be stepping down and will be replaced by his deputy,
Some managers are too blunt and some managers are too afraid of giving criticism. Feedback on performance is an important leadership skill, so here’s four steps to giving constructive criticism.
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There was a glitch in our email scheduling last week, so if you read this message in last week’s issue: “You may have noticed (or not), we’re publishing on a Tuesday (instead of Thursday) this week. With so much happening in the AI-world, I thought we should get this to you earlier going forward (maybe
IPO Saudi Aramco’s Slow Progress on IPO The energy behemoth that is Saudi Aramco, had planned to IPO its energy trading unit, however, things haven’t progressed as well as planned and currently hitting a snag. ETFs Cathie Wood-linked ETF Shut Down by Canadian Regulators Cathie Wood and her ETF’s were for a short time the
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As AI dominates the headline news, technological change brings a lot of unknown changes to our jobs. While change is always inevitable, it’s not easy to accept and adapt to it. With so much unknown change coming, this is the perfect time to learn how to overcome the fear of change.
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You may have noticed (or not), we’re publishing on a Tuesday (instead of Thursday) this week. With so much happening in the AI-world, I thought we should get this to you earlier going forward (maybe even more frequently…foreshadowing perhaps?). Read on!
Companies Turn to AI to Run More Efficiently Read More »
BANKING FDIC Refills Fund from Imposed Fees on Big Banks With the latest bank collapses (e.g. SVB, First Republic), the FDIC (Federal Deposit Insurance Corp) plans to refill its Deposit Fund by imposing special fees on big banks. Fees will be charged based upon the size of their balance sheets and number of depositors. While
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Being truly productive with your day isn’t about having multiple-tasks on your plate and dividing your attention between all these tasks. The answer to truly being productive is the art of single-tasking or focusing one task at a time. It’s easy to say, but hard to do as it goes against a lot of our
The Answer to Being Productive: Single-Tasking Read More »
AI PwC Jumps into the AI Game We recently wrote about Bloomberg integrating AI into their service with BloombergGPT, now PwC announced it will invest $1bn in AI tools to assist their staff in audit, tax and consulting services. BANKING Barclays Q1 Profits Exceeds Expectations Barclays’ Q1 reported profits exceeded expectations, mostly buoyed by the
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Whether you’re a newly promoted manager or a manager leading a new team, establishing credibility is important to your longevity. Here’s how you can establish your credibility with these 8 phrases.
Boost Your Credibility with These 8 Phrases Read More »
AI BloombergGPT You’d have to be living under a rock to not have heard all the talk about ChatGPT (OpenAI’s AI Large-Language Model). Now, Bloomberg has announced it has integrated AI tools with their service, aptly named: BloomberGPT. IPO Rakuten Bank Biggest IPO in Japan Since 2018 Bank stock took a beating lately, but Rakuten
It might be a normal feeling when you get promoted and feel a little bit of imposter-syndrome (can I do this?), sure you’re qualified and you worked hard to get promoted, but that nagging feeling or self-doubt can come out of nowhere. Here’s how you can overcome the feeling of imposter-syndrome after getting promoted.
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BANKING Depositors Want More Following the collapses of SVB and Credit Suisse, the Bank of England governor, Andrew Bailey, is asking to review how much protection depositors should have. Considering UK banks currently only protect up to £85,000 per account and EU banks protect £88,000 per account (less than US bank protection of £200,000). BANKING
JP Morgan Leads Bank Earnings Reporting Parade Read More »
No one wants to be in a job you hate, or a work environment that makes you miserable. Here’s 3 ways gratitude at work can make you happier at your workplace, improve relationships with your colleagues and even take your work performance to another level.
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CYBER RISKS What Executives Need to Know About Cyber Risks Data privacy and cyber risks are two issues increasing in importance for executives, watch this interview between Katie Couric and Google’s P of engineering for privacy, safety, and security, Royal Hansen, as they discuss the latest in how to protect your company, services and customer
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Burnout is real. In the era of constantly-connected devices, we’ve become constantly “available” which is NOT a good thing. If you’re feeling burned out and/or overworked, and you’re not sure how to tell your boss. Here’s some tips for approaching your boss about having too much work. (#3 is highly recommended to help get a
How to Tell Your Boss You’re Overworked Read More »
M&A M&A Deals Hit 10 Year Low Q1 of 2023 hasn’t been kind to M&A deal flow. Deals reached a 10 year low. BANKING Banking Bonuses Biggest Drop Since 2008 Wall Street bankers’ bonuses dropped 26% in 2022, the biggest drop since 2008. In unrelated news, coffee shops see drop in demand for lattes and
Banking Bonuses Biggest Drop Since 2008 Read More »