While many politicians and others slam Wall Street, the securities industry advocacy group SIFMA wants to remind everyone that the engine that is the financial services industry will be a key component of the post-pandemic recovery and growth for all sectors of the U.S. economy and will spur positive ramifications across the globe. To make… Read More >>
Citi’s First Woman CEO Breaks a Glass Ceiling
The top spot at a top Wall Street bank is no longer a boys-only club. And that is because Jane Fraser will succeed Citi CEO Michael Corbat following his retirement in February 2021. Fraser will join the multinational bank’s board of directors immediately, Citi says in a statement. Her appointment was hailed on Wall Street,… Read More >>
FTF Unveils Winners of the 2020 FTF Awards
NEW YORK CITY — Despite the many challenges of this year, Financial Technologies Forum (FTF) is proud to announce that more voters took part in the 2020 FTF News Technology Innovation Awards (the FTF Awards) than participated last year — a sign of the enduring support for unique awards that honor achievement in securities operations…. Read More >>
Jefferies Honors CFO & Donates to Coronavirus Charities
The investment bank Jefferies Group held a Global Coronavirus Relief Charity Day on Wednesday, May 27, and, on the next day, announced that it will donate $9.25 million to more than 85 charities and relief efforts focused on those suffering from the COVID-19 virus. The firm dedicated this effort to the memory of Mr. Peregrine… Read More >>
Can Good Books About Pandemics Help Now?
Why would someone put together a reading list of the top books about pandemics? That was my first question when I saw the suggestions from Catharine Riggs, a mystery/thriller writer who once had a career in financial services. Riggs has compiled a unique reading list of her “favorite pandemic/dystopian reads,” which are notable works about… Read More >>
Piper Jaffray Buys Sandler O’Neill for $485 Million
Piper Jaffray Companies and Sandler O’Neill + Partners, L.P. confirmed media reports of an acquisition by officially announcing that they signed a definitive agreement giving Piper Jaffray the right to acquire 100 percent of the equity and partnership interests of Sandler O’Neill for $485 million. The proposed acquisition will combine Sandler O’Neill, which has been… Read More >>
Navigating Nervous Markets Without Clarity
To say the least, there is a great deal of nervousness about the economy and, particularly, the “R” word. If it’s any comfort, finding a clear consensus among economists about whether and when there might be an economic recession is mostly impossible as the results from a recent survey underscore. The survey in question is… Read More >>
$462B Market for Financial Blockchains by 2030: Report
Despite growing skepticism about blockchain projects for financial services, business information provider IHS Markit is predicting in a new report that revenues via these efforts will soar to $462 billion by 2030. A key harbinger of the times to come is “the value of blockchain in the financial sector reached $1.9 billion in 2017,” according… Read More >>
A Recap of the Deutsche Bank Raids
Last week’s raids on Deutsche Bank’s headquarters in Frankfurt and key bank branches by approximately 170 German law enforcement officials have sent shock waves throughout the financial services world. This must have been especially nerve-wracking news for those firms working so hard to stay within the difficult lines of compliance. Essentially, the German authorities say… Read More >>
Synechron Launches 11 A.I. Data Science Accelerator Centers
Synechron to Focus on Financial Services & Insurance Sectors Synechron, Inc., a financial services consultant and IT services provider, reports the launch of artificial intelligence (AI) data science accelerators for financial services, banking and insurance firms. The new accelerators “help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events… Read More >>
