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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 106
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Championing Diversity and Inclusion at Bank of America

HR Digest

Bronstein: We have seen tremendous growth in our employee networks in recent years – in membership, engagement and tools. When our employees have the tools and resources to manage their life and their career, they are able to better deliver for our clients. Our membership is up 10% this year alone. What do employees really value?

Banking 78
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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work. Wall Street banks are trying to automate as much grunt work as possible to save the younger bankers from feeling overwhelmed. Headcount in the banking industry is likely to get reduced, aided by technology.

Banking 95
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Executive Search Firms in Finance: Unlocking Fiscal Leadership

N2Growth Blog

Every organization has unique dynamics and strategic goals, from investment banks to hedge funds and private equity firms. From regulatory changes to technological advancements, staying abreast of these developments is crucial for both finance organizations and executive search firms.

Finance 409
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The Best Tools for Starting a Small Business

Strategy Driven

Developing a Business Plan and Funding A robust business plan sets the roadmap for your venture. Numerous funding options are available, from personal savings, bank loans, and venture capitalists, to government grants. Business insurance is essential to protect your business’s assets and comes in handy in case of emergencies.

Tools 104
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The Flexible Method: How to Survive and Thrive Through the Next Crisis

Leading Blog

template ] Develop a procedure for every contingency. Talk with debtors, creditors, suppliers, and the bank. The experience and learnings we are still distilling will prove invaluable tools in the future.” Both of these positions are core tools of the Flexible Method.” In crises, winning organizations act like start-ups.

Crisis 269
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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