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Can AI Help Us Understand Whether To Bail Out Banks?

The Horizons Tracker

The decision to bail out banks en masse in 2009 was widely adopted yet far from uncontroversial. Research from UCL explores whether AI can help governments to decide whether to bail out a bank in crisis or not. This short-term cost is justified to the taxpayer because the long-term costs of bank defaults would be more harmful.

Banking 124
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Championing Diversity and Inclusion at Bank of America

HR Digest

In 2021, we merged our Consumer Bank Academy with our Global Learning Organization to create The Academy at Bank of America, an onboarding, education and professional development organization dedicated to the growth and success of 200,000+ teammates from consistent onboarding through skill building.

Banking 78
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Countries Hurt Themselves When They Deny Immigrants Access To Banking

The Horizons Tracker

For example, a major ceiling on the economic potential of undocumented immigrants is their lack of access to the banking system to obtain credit and mortgages,” the authors continue. Of course, logic seldom seems to enter such debates, but it nonetheless warrants repeating.

Banking 123
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The Bank Account

Tony Mayo

Imagine there is a bank that credits your account each morning with $86,400. Draw out every cent, of course!! It carries over no balance from day to day. Every evening deletes whatever part of the balance you failed to use during the day. What would you do? Each of us has such […].

Banking 107
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Diversification Putting Pressure on FinTech Executives

N2Growth Blog

During their annual meetings in October 2018, the International Monetary Fund (IMF) and the World Bank (WB) released a paper called the Bali Agenda that was launched to guide global policymakers while drafting policies and regulations to maximize the benefits of FinTech and keep the financial system stable. . Probably, yes.

Execution 380
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When Scaling Your Leadership is a Matter of Life or Death

Next Level Blog

That’s exactly the question that Los Angeles Regional Food Bank CEO Michael Flood and his team had to answer and act on this year. The food that those folks receive from the Food Bank enables them to pay for other necessities like health insurance. It was up to the Food Bank to keep them fed while they waited.

Banking 246
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Measuring Right: Understanding Goodhart’s Law

QAspire

A bank executive once insisted that I do him a favor by getting a free credit card (even when I did not require it). Reframe metrics as a tool to learn and adapt: Build team rituals to have a dialogue on leading indicators to learn, adapt and course correct. If you don’t frame your metrics right, they can distort behaviors.

Metrics 122