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 in Hong Kong and Taiwan
JP Morgan Chase has selected HSBC and Standard Chartered bank to outsource the operations of its custody businesses in Hong Kong and Taiwan.
AI
4 Ways AI Can Change the Economy
AI is THE most transformative technology advancedment in recent history. Here’s 4 ways AI can transform the economy.
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