Finserv Reading - Week ending June 8, 2025
Bijon Mehta
Chief Operating Officer I Enterprise Software GTM I Adjunct Professor @ Fordham University
Banking
The bank branch might just have a very bright future
Citigroup lays off 3,500 tech staff in China
Goldman Sachs reins in risk appetite as Donald Trump's tariffs roil markets
Capital punishment: how Swiss bank reforms could hit UBS
Wells Fargo is allowed to grow again after 7 years under asset-cap penalty
Chase on Gen Z, mobile banking - 10 years in
British challenger bank Monzo's profit soars, revenue tops $1.35 billion
BoA's head of branches: 'Proximity is still important to people'
Branchles Alliant Credit Union plays to the digitally savvy
Four ways banks can turn fraud into a loyalty play
More than one in five Americans fell victim to financial fraud
Why UK banks may no longer refund fraud victims
JPMorganChase appoints Marianne Lake to head overseas consumer banking
Fifth Third takes 'intentionally unsexy'approach to mobile app improvements
Letting Wells Fargo off the leash will rattle regional banks
How banks can make cybersecurity a revenue generator
European banks' battle for scale: Is HSBC the latest casualty?
Under the hood of Citi's $25 billion Apollo tie up
Europe's big banks capitalize on volatility
How Charlotte's top banks fared in customer satisfaction
ABN Amro seeks to engage young people with digital bank BUUT
Wall Street
Wise to move primary listing to the US
How cyber-enables financial crime is evolving in US markets
Payment for US retail flow reaches record high led by Citadel Securities, IMC
The trend strengthening the hand of big credit houses
Wall Street is sounding the alarm on US debt. This time, it's worth listening.
Economy
Get ready for inflation to matter in markets again
Three risks facing the US economy this Summer
US to have slower growth, higher inflation due to tariffs, OECD says
Trump's tariffs will drag down the global economy
Aging population is not a risk to the global economy after all
Geopolitics
Car companies risk factory shutdowns over rare-earth magnets
Geopolitical tensions are shaping the future of our oceans
European CFOs see geopolitical risk as a rising threat in 2025
Diverging strategies emerge as geopolitical risks rise in food and agri
Shipping should worry about the economy, not geopolitics
IATA cuts global airline guidance on geopolitical, economic uncertainty
How geopolitics is shaping global trade in 2025
As geopolitics hit venture capital, Asia must start funding its own tech
Trump expected to waive Defense Production Act requirements to boost critical minerals
Global alarms rise as China's critical mineral export ban takes hold
How Kazakhstan can anchor a resilient rare-earth supply chain for the West
Asset Management
We have 'surrendered more to the machines', says quant fund titan Cliff Asness
Blackrock to eliminate about 300 jobs in second cut this year
Goldman says hedge funds are buying US tech stocks at fastest pace in a decade
Investors reach for what they recognize
Wealth Management
Mobile millennial millionaires pose threat to wealth managers
Americans are finally saving almost what they're supposed to for retirement
Funds promising shelter from wild swings are booming. But do they deliver?
Blackrock-backed fintech raises funds to be 'European Charles Schwab'
Wealthy inheritors plan to fire their parents' wealth advisors
Robinhood is a 'prime candidate' for S&P 500 addition, says BoA
Insurance
P&C market faces shifts amid high catastrophe losses in 2025
The avergage cost of homeowners insurance
Homeowners face soaring insurance rates amid climate disasters, tariffs
Reinsurance industry better protected than ever for hurricane season, JPMorgan
Embedded insurance can save the world
Real Estate
How mortgage structure impacts financial sector stability
The rush to make modular homes mainstream in disaster-ravaged areas
20 banks with the largest retail mortgage volume in Q1
US home sellers are sitting on $700 billion worth of listings, an all time high
The 'magic bullet' that could boost home sales
The housing market was suppose to recover this year. What happened?
Payments
Reducing global payment friction with stablecoins, blockchains and Solana
By the numbers: Decline in consumers' use of paper checks
Can Revolut compete with American Express?
Meta taps Klarna for 'Play Now, Pay Later' headset offer
MoneyGram CEO targets digital remake
Public-sector payments prepare for a $175 billion shift to digital
Venture Capital / Private Equity
GTCR: PE needs to stop looking for the 'perfect time to sell'
Singapore Temasek's cuts back on start-up investments
Thoma Bravo's $34 billion fundraising haul bucks private equity slowdown
Private equity firms overhaul exit strategies as IPO market slams shut
Trump tariffs cut off recovery in private equity dealmaking
What's it takng for private equity to reach smaller investors
AI / ML
Fraudsters are taking greater advantage of LLMs than companies
Palantir is nuts. Where's the crash?
How Morgan Stanley tackled one of codings toughest problems
Easrly adoption of AI will boost US growth
'Godfather' of AI Yoshua Bengio says latest models lie to users
Cyber crime is surging. Will AI make it worse?
Brookfield plans $10 billion AI data center in Sweden
The growing influence of AI on hedge fund operations
Big tech's AI endgame is coming into focus
How AI can calm customers unnerved by economic upheaval
How European banks can accelerate AI adoption
Artificial intelligence in finance
Bank of England uses AI to detect fraud in real time payments
GenAI in insurance and financial services
Big Four firms race to develop audits for AI products
Advisors can't afford not to adopt AI
AI can uncover novel fraud even in real time payments
Turn AI to your advantage in the new age of fraud
You're not ready for AI powered scams
How to use AI to detect fraud as a financial institution
ESG / Climate Change
The battle to create a carbon trading market for 'negative emissions'
Bank of England staff depart after downgrade of climate risk
Latin American banks still slow to protect the environment, report finds
Blackrock is off Texas' blacklist. Where the ESG battle stands now.
Five top ESG ETFs for US investors
Bigtech
Silicon Valley's abundance of hype over abundance
We need a new deal for the web
Why does big tech produce so few CEOs?
Big tech is a tool of Trump's global disruption
Big tech's growing bet on stablecoins
Fintech
Fintechs enter new stage of profitability
Fintech Chime readies IPO but faces drastically lower valuation
Payment firms account for bulk of fintech revenue
5 fixes for better direct hiring in fintech
Blockchain / Crypto
Stablecoins could become one of the US government's most resilient financial allies
Billions to trillions: Stablecoin use-cases poised to expand the market
Stablecoins: The new epicenter of crypto fraud
'Stablecoins' enables $40 billion in crypto crime since 2022
Why we should worry about the rise of stablecoins
Blackrock buys $50 million in Ethereum amid rising exchange inflows
Gemini confidentially files for US IPO
JPMorgan plans to offer clients financing against crypto ETFs
UK to end ban on retail investors buying crpyto exchange-traded notes
Deutsche Bank is exploring stablecoins and tokenized deposits
Regulation / Compliance
Open banking rule in limbo as legal jousting continues
US SEC says new foreign firm rules needed, singles out China
Banking groups urge SEC to rescind Biden-era cybersecurity rule
What federal rule rollbacks could mean for the future of BNPL
Regulators prepare to ease post-financial crisis banking rules
Corporate Venture / Innovation
Growth isn't the only way for companies to create value
Fintech Scotland, TSB launch innovation program to address banking fraud
8 technologies that are combining to create new opportunities
Personal Development / Leadership
Traits and habits I've observed among high achievers
How to phrase your questions when you need honest answers
Managing knowledge toward wisdom
The essential elements for managers
Great managers rarely have great beginings
Where have all the leaders gone?
Podcasts / Videos
David Rubenstein: David Einhorn, founder Greenlight Capital
Lex Fridman: Sundar Pichai, CEO of Google and Alphabet
How Apollo built an $800 billion capital markets giant: John Zito
Billionaire Bill Ackman's Key to Long Term Investment Success
Huberman Labs: How to become resilient, forge your identity & lead others with Jocko Willink
Chef Thomas Keller: World-renowned culinary icon and hospitality visionary
The Ruling Class: Who's Afraid of Peter Thiel
GS Exchanges: How Goldman Sachs' John Waldron is navigating a more uncertain time
Speeches / Communications
Erik Thedeen, Gov. of the Riksbank, Sweden: "On risk, uncertainty and geoeconomic fragmentation"
Research Reports
Solidus Labs: Account Takeover Meets Market Abuse
OW: Why European Banking M&A is Back?
BCG: How Finance Leaders Can Get RoI From AI
McK: The future of work is agentic
Deloitte: The use of cryptocurrency in business
How will Europe's money move in the future? 2025's view of 2035
EY: A spotlight on UK payments regulation
BIS: Identifying financial crime patterns in real time retail payments
OECD: Introducing the OECD AI Capability Indicators
PwC: 2025 Global AI Jobs Barometer
Brookfield: AI Infrastructure Takes Center Stage
PGIM: 2025 Global Real Estate Outlook
EY: GenAI in Retail and Commercial Banking
Visa; Next Gen Small Business Owners
AEI: Apple's Supply Chain - Economic and Geopolitical Implications
The Quadripolar World - Understanding 21st Century Geopolitics
CG: World Wealth Management Report 2025
WEF: Technology Convergence Report 2025
McK: Europe's moonshot moment - Fueling its tech ecosystem for scale
EY: The Private Equity Approach to Value Creation
Rothschild: Growth Equity Update
FTPartners: Global Fintech - June 2025