Wall Street is evolving as a new breed of executives take hold. Known as the keepers of the keys, the executives tasked with overseeing AI strategy across the largest US banks are gaining more power than ever before. Bianca Chan has set out to identify these executives leading AI initiatives at Bank of America, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. Banks’ different approach to AI initiative reveals how wide reaching this technology truly is.
Hawaiian Airlines, recently named the top domestic airline for 2022 byTravel + Leisure, recently unveiled the interiors of its new Boeing 787-9 Dreamliners.
Sam Zell, the legendary real-estate tycoon and self-made billionaire, has recently passed away at the age of 81. He amassed great success through his career and left behind an impressive legacy.
Lazard is gearing up for a change in leadership with Ken Jacobs, the investment bank’s CEO, set to step down and replaced by Peter Orszag. For more on Orszag, click here.
Facebook and Instagram might be considered state-of-the-art for most brands, but for financial institutions, the likes may not be worth the headaches. For example, Silicon Valley Bank recently attempted a bank run, spurred on by social media influencers. This news has Wall Street reconsidering its internet presence, leading to questions about if it’s time to take a ‘break’ from the platforms.
With the US dollar not at its strongest, alternatives are cropping up for countries to use as reserve currencies. Debate rages on about de-dollarization, and these five currencies have been touted as promising solutions for the rest of the world.
Elon Musk recently has shared his thoughts on a variety of topics during a CNBC interview and at Tesla’s shareholder meeting. His choice words answer questions about artificial intelligence’s place in the industry, among other topics.
Bank mergers and acquisitions may potentially take off soon due to the recently planned acquisition of PointsBet’s US operations for $150 million through Fanatics. With the unbridled success of this deal, Wall Street is questioning which ones could be next.
All in all, it’s clear that the success of Financial Institutions and Banks largely hinge on those behind the scenes. With so much power in their hands, these executives will shape the industry for years to come. Financial Executives will be tasked with making tough choices that may impact thousands of jobs, and it is up to them to ensure that the latest technology strategies are implemented effectively.
