Financial Highlights from the Recent Week You Should Know About:
- MARKETS: Texas Stock Exchange Lures Execs from NYSE & NASDAQ
The newest stock exchange on the market, ​The Texas Stock Exchange (TXSE), has lured​ former NASDAQ executive, Greg Ferrari, as the new COO of the TXSE and Liz Hocker, former NYSE executive of capital markets, to head global listings. - AI IN BANKING/FINANCE/LAW: PwC US Takes Strong AI Stance​
Paul Griggs, Head of PwC US, has taken a strong stance regarding AI​: Any partner who does not accept AI at the firm, has no future at the firm.
The consulting industry as a whole is one of the industries massively affected by AI.
- AI IN BANKING/FINANCE/LAW: HSBC Considers 20K Job Cuts Citing Shift to AI
Blaming AI on job cuts seems to be the rage now, especially in the banking sector. While it’s not yet proven if it’s really the driving factor in job cuts. ​
HSBC is the latest bank to “consider”​ massive job cuts of 20,000 jobs over the next few years. While nothing is decided as of yet, prepare to see more of these types of announcements in the coming years.
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