Marco Voci has taken a new role at Houlihan Lokey, a big name in investment banking. He's now a Managing Director in their Consumer Group, based in London. His job? To focus on active lifestyle, branded consumer products, and luxury goods in Europe, the Middle East, and Africa. He'll team up with ot
Wall Street is going all-in on AI, and the big banks are leading the charge. JPMorgan Chase, for instance, has a massive technology budget of $18 billion, with a significant chunk dedicated to AI. The bank's CEO, Jamie Dimon, is a big fan of their generative AI suite, which has been rolled out to ov
The news about FTX creditors getting their money back isn't as straightforward as it seems. The value of crypto has gone up a lot since FTX went down, which means the payouts might not be as big as people thought. Sunil, who represents FTX creditors, said that after adjusting for the current crypto
Dexter Lawrence, a key player for the Giants, is at the center of a heated debate. Carl Banks, a respected figure in Giants history, recently criticized Lawrence's performance. Banks claimed that Lawrence is not getting the respect he once had. This sparked a strong response from Lawrence, who calle
Food banks across the country are preparing for a surge in demand as the Supplemental Nutrition Assistance Program (Snap) faces a potential cutoff. The federal government shutdown, now in its second month, has created a lot of uncertainty. The Trump administration announced that Snap, which helps ar
A real estate company in California, Continuum Analytics, is facing serious trouble. The FBI raided their offices recently, and it's all tied to some questionable bank loans. Two major banks, Zions and Western Alliance, claim that a related company, Cantor Group, failed to pay back about $160 millio
Infosys has joined forces with Metro Bank and Workday to give the bank's financial systems a major tech upgrade. This isn't just a small tweak; it's a full-scale modernization. The old systems are being swapped out for a cloud-based platform that uses Workday's financial tools. This should make thin
India's central bank has been busy lately, moving a lot of its gold from foreign banks back home. Now, over 65% of its gold is stored within the country. That's a big jump from just four years ago. Why the rush? Well, after some countries froze Russia's gold reserves due to the Ukraine conflict, Ind
Financial fraud is evolving, and one of the most alarming trends is synthetic identity fraud. This type of fraud, often referred to as "Frankenstein fraud, " involves creating a fake identity by combining real and fabricated information. Unlike traditional identity theft, where a criminal steals and
The U. S. Consumer Financial Protection Bureau (CFPB) has decided to cancel a plan to keep track of non-bank financial companies that break the rules. This idea was first proposed during the Biden administration to help catch and stop repeat offenders. But now, the CFPB says the costs of keeping thi
