The ESG scam exposed at last
BLOWBACK: Do you think it’s finally dawning on the money-management world that maybe the whole ESG craze has been more trouble than it’s worth? SEC LAWYERS…
Thursday Headlines: Powell set to discuss inflation policy at Jackson Hole
New York Times: At Jackson Hole, Powell Faces a Changed Economy and Market Bloomberg: KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders Financial Times:…
Wednesday Headlines: Rate debate looms at Fed’s Jackson Hole meeting
Financial Times: ‘Higher-for-longer’ rate debate to dominate Jackson Hole meeting New York Post: Goldman Sachs cancels ‘Summer Fridays,’ wants staff in office five days a week…
Investors are still worried about the banking system
I was more than a little surprised that 42% of investors surveyed by Wolfe Research say that the worst of banking industry’s recent problems are not…
Tuesday Headlines: Schwab set to cut jobs, close offices
Reuters: Charles Schwab plans to cut jobs, close offices as downturn hits Wall Street CNBC.com: S&P downgrades multiple U.S. banks citing ‘tough’ operating conditions Bloomberg: London…
Monday Headlines: Goldman mulls pullback from mass market investment advisory
Financial Times: Goldman CEO Solomon retains board and investor backing amid internal backlash Financial Times: Goldman Sachs explores investment adviser sale in retreat from mass market…
Thursday Headlines: Some Fed officials turn wary on further rate hikes
Wall Street Journal: Some Fed Officials Are Turning Cautious about Raising Rates Too High Financial Times: US homebuilders defy interest rate rise as Buffett buys in…
How banks can make the most of AI
THOUGHTS FROM CITIZENS FINANCIAL’S CIO: Here’s a notable comment by Citizens Financial CIO Michael Ruttledge from his conversation with Bank Automation News this week about AI.…
Wednesday Headlines: Solomon deputy faces pressure from unhappy partners
Bloomberg: Goldman CEO’s Most Loyal Deputy Is Tested by Mutinous Partners Bloomberg: Bitter Goldman Traders Drive CEO Uproar, Mayo Says Wall Street Journal: Investors Need to…
Tuesday Headlines: Fitch warns on banks’ ratings
CNBC.com: Fitch warns it may be forced to downgrade dozens of banks Bloomberg: The Fed’s Interest-Rate Debate Is Shifting Financial Times: Buffett’s Berkshire builds $814mn stake…