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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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Leadership Lessons from the Banking Upheaval

Great Leadership By Dan

Guest post from Jean-Marc Laouchez , Hay Group: “Banking is no longer somewhere that you go, it’s something that you do.” - Brett King, Banking 3.0. When was the last time you visited a bank branch? In Africa, some telecoms providers have bypassed traditional banks completely. My kids have never seen the inside of one.

Banking 251
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Why Business Owners Should Detatch From Banks

Strategy Driven

As a business owner, working with your bank to fund, run and grow your business seems like it’s natural right? Many people believe that entrepreneurism is all about private ventures, that don’t necessarily involve a bank. But why not a bank? Banks can pull the plug. Well, it is, and it isn’t. YOU are the investment.

Banking 97
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Doing Well By Doing Good With Darrin Williams, CEO Southern Bancorp

N2Growth Blog

She wanted to know more about Darrin’s story and this relatively small, regional, Arkansas bank. Because of its success and mission, the bank had recently accepted a minority investment from global powerhouse, Bank of America. It was a model for the future. And it caught Professor Henderson’s eye.

CEO 398
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Diversification Putting Pressure on FinTech Executives

N2Growth Blog

With technology reshaping the global business landscape, many companies will be pushed to fundamentally reconsider their ways of doing international business, diversifying into new product categories and adopting a “borderless” expansion model. FinTech managed to do that by making financial services accessible and affordable globally.

Execution 380
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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