Banking’s Climate Conundrum

Harvard Corporate Governance

Around the world, financial regulators have begun implementing policies to address climate risks among banks, insurers, and other financial institutions. My paper, Banking’s Climate Conundrum , argues that the United States’ sluggishness in responding to climate-related financial risk is problematic because the U.S. banking system is uniquely susceptible to climate change. The international Basel III capital accord established new global capital standards for banks in 2010.

The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.). Investment Banking - On the Job

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Banking and sustainability: It’s all about data

Avanade

Learn about how technology can help banks hit their sustainability goals, especially around data integration, analytics and reporting. banking

Taking sustainability seriously: Are banks ready?

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on how ready banks are to hit their sustainability goals. banking

Executive Stock Options and Systemic Risk

Harvard Corporate Governance

Banks’ role in ?nancial The vast reach of banks’ activities was made apparent during the ?nancial nancial crisis of 2007-2009, which also highlighted the acute need for a better understanding of whether, how, and the extent to which banks contribute to systemic risk in the economy (i.e., Prior research into the sources of systemic risk largely focuses on the outcomes of banks’ risky activities (e.g., the composition of banks’ ?nancing

This Day In Market History: Chemical Bank Merges With Chase Manhattan

Benzinga

On March 31, 1996, Chemical Banking Corp. Chemical Bank EBAY JPM M&A this day in market history Education General EBAY US2786421030 JPM US46625H1005 M&A Education General BenzingaEach day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

Bank of Idaho to Purchase Five Branches from HomeStreet Bank, Expand Service Into Eastern Washington

Business Wire M&A

IDAHO FALLS, Idaho & SEATTLE--(BUSINESS WIRE)--Bank of Idaho to Purchase Five Branches from HomeStreet Bank, Expand Service Into Eastern Washington

How big banks are responding to sustainability: BBVA and ABN AMRO

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on what he learnt from executives at two major banks, ABN AMRO and BBVA. banking

The SEC and Messaging Apps

Harvard Corporate Governance

According to press reports, the Securities and Exchange Commission (the “Commission” or the “SEC”) is requiring Wall Street banks to undertake an unprecedented review of dozens of their top executives’ and traders’ personal cell phones to determine the frequency with which these platforms are used to conduct bank business. Posted by William J. Stellmach, Elizabeth P. Gray and Sean Sandoloski, Willkie Farr & Gallagher LLP, on Wednesday, June 15, 2022 Editor's Note: William J.

FCF Bank Monitor – Q1 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and.

FCF Bank Monitor – Q1 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and.

No Investment Banking Summer Internship Offers: What to Do

Brian DeChesare

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. they didn’t win an offer – and most of these large banks are now done with recruiting. The “application open date” at most banks in the U.S.

Barclays doubles stake in Australian investment bank Barrenjoey

Financial Times M&A

UK bank commits to lender that has emerged as an M&A leader

The banking billionaire making a $3.7bn bet on Colombia

Financial Times M&A

While others move wealth ahead of critical election, Jaime Gilinski is aiming for the country’s crown business jewels

FCF Bank Monitor – Q4 2021 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q4 2021”. FCF regularly engages in research on the banking sector based on available data from the most active and.

Mobile Banking: Everything You Need to Know

Financial Analyst Insider

Mobile banking is carrying out a financial transaction using a mobile device. This can range from a bank sending a fraud alert to a user’s. The post Mobile Banking: Everything You Need to Know appeared first on Financial Analyst Insider.

How banks can minimize risk: Lessons from a leading European bank

Avanade

Learn how banks can stay ahead of multiple, always-evolving risks that can impact their business with Avanade’s risk management solution on the Databricks Lakehouse platform.

Debevoise & Plimpton Discusses SEC’s Proposed SPAC Rules and Investment Banks

Reynolds Holding

The new rules relating to special purpose acquisition companies proposed by the Securities and Exchange Commission on March 30, 2022, would, if adopted, have far-reaching effects on investment banks involved in business combination transactions involving SPACs. 1] In this update, we focus on how the proposed rules may impact investment banks involved in SPAC IPOs, de-SPAC transactions or financings for de?SPAC Impact of Proposed Rules on Investment Banks.

The Consumer Retail Investment Banking Group: King of the Generalists?

Brian DeChesare

Ask anyone joining a large bank which group they’re most interested in, and consumer retail investment banking is a likely answer. The benefits of the group are almost like the benefits of getting into investment banking : brand/prestige, technical skills, and exit opportunities.

Investment Banking Information Sessions: A Way to Stand Out as a Human in a Virtual World, or a Complete Waste of Time?

Brian DeChesare

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions. When Are Investment Banking Information Sessions Useful vs. Useless?

FCF Bank Monitor – Q3 2021 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2021”. FCF regularly engages in research on the banking sector based on available data from the most active and.

Taking up the CX challenge: How traditional banks are lifting their game

Avanade

Traditional banks are responding to customers’ needs and developing breakthrough digital capabilities to improve the mainstream customer experience.

Meet the whale of European banking

Financial Times M&A

Plus, the Spac valuation ‘someone came up with while hallucinating at Burning Man’ and the Hong Kong-based hedge fund cut off from trading equities

Introducing Stellar Bank: New Bank Resulting From the Merger of Equals Between CommunityBank of Texas, N.A. and Allegiance Bank

Benzinga

NASDAQ: ABTX ) (Allegiance), the holding company of Allegiance Bank, jointly announced today that Stellar Bancorp, Inc. will be the name of the combined company and Stellar Bank will be the name of the combined bank to be created through their merger of equals. Upon completion of the merger, Stellar Bank is expected to have over $11 billion in assets and have the 6th largest deposit market share in Houston. billion asset Houston, Texas-based bank holding company.

Deutsche Bank enters the WhatsApp chat

Financial Times M&A

Plus, the regulatory hurdles testing Broadcom’s $69bn VMware takeover and DD investigates the Revlon meme stock mystery

What is the Law’s Role in a Recession?

Harvard Corporate Governance

Academic Research Banking & Financial Institutions Financial Crisis Financial Regulation Securities Regulation Central banking COVID-19 Financial crisis Financial regulation Legal systems Liquidity Monetary policy Systemic risk

Community Bank System, Inc. Announces Regulatory Approvals Received For Elmira Savings Bank Merger

Business Wire M&A

BUSINESS WIRE)--Community Bank System, Inc. Announces Regulatory Approvals Received For Elmira Savings Bank MergerSYRACUSE, N.Y.--(BUSINESS

Power & Utilities Investment Banking: How to Turn Yourself into an Electrified ESG Warrior

Brian DeChesare

The power & utilities investment banking team has a reputation for being “boring.”. We’ll get into these fun developments, but I want to start with the basic definitions: Power & Utilities Investment Banking Defined. Recruiting into Power & Utilities Investment Banking.

The US investment giant ditching Deutsche Bank

Financial Times M&A

Plus, Michael Rubin’s sports merchandise empire enters a new era of M&A and Wall Street’s immortal CEO gets another boost

The Promise and Perils of Open Finance

Harvard Corporate Governance

Academic Research Banking & Financial Institutions Financial Regulation Algorithmic trading Artificial intelligence Banks Consumer protection Cybersecurity Financial institutions Financial regulation Financial technologyPosted by Joshua Macey (University of Chicago) and Dan Awrey (Cornell University), on Monday, April 4, 2022 Editor's Note: Joshua Macey is an Assistant Professor of Law at the University of Chicago Law School.

Providence Bank & Trust and The Leaders Bank Announce Completion of Acquisition

Business Wire M&A

BUSINESS WIRE)-- #stewardstrong--Providence Bank & Trust, along with The Leaders Bank, announce the completion of the previously announced acquisition SOUTH HOLLAND, Ill.--(BUSINESS

Seven pitfalls to avoid in improving the customer experience in banking

Avanade

Many banks are getting trapped in these pitfalls when trying to match the customer experiences of retail, lifestyle, and hospitality companies. business-apps

CrossFirst Bankshares, Inc. to Enter Colorado and New Mexico Markets With Acquisition of Farmers & Stockmens Bank / Central Bank & Trust

Business Wire M&A

Central”) today announced that they have entered into a definitive merger agreement under which CrossFirst’s bank subsidiary, CrossFirst Bank (“CFB Bank”), will acquire Central’s bank subsidiary, Farmers & Stockmens Bank (“F&S Bank”), in an all-cash transaction.

First Interstate Bank Completes Expansion into Eight New States with Great Western Bank Conversion

Business Wire M&A

NASDAQ: FIBK), parent company of First Interstate Bank, announced that effective today, all Great Western Bank locations are now open and operating as First Interstate Bank branches. BILLINGS, Mont.--(BUSINESS BUSINESS WIRE)--First Interstate BancSystem, Inc.

Proposed SPAC Rules: Implications for Investment Banks

John Jenkins

This recent one from Debevoise caught my eye, because it focuses on the proposal’s significant implications for investment banks involved in SPAC transactions. As Broc used to so colorfully put it, we’re posting “oodles” of memos on the SEC’s SPAC proposal in our “SPACs” Practice Area. If adopted in their current form, the rules will […

Payments Biz ACI Divests Banking Products Biz In $100M Deal

Law 360 M&A

Payments software company ACI Worldwide said Tuesday it's divesting its corporate online banking products business to private equity firm One Equity Partners for $100 million

Investment Banking Fitness: How to Stay in Shape While Working 105 Hours per Week

Brian DeChesare

If you’ve been reading this site for a long time, you probably thought that I’d never return to the topic of investment banking fitness. The large banks think they might return to the office “eventually.”. Investment Banking Fitness, Part 2: Exercise and Activity.

Gupshup Acquires Active.Ai, the Leading Conversational AI Platform for Banks and Fintech Companies

Business Wire M&A

SAN FRANCISCO & MUMBAI, India & SINGAPORE--(BUSINESS WIRE)-- #AI--Gupshup acquires Active.Ai, the leading Conversational AI platform for banks and Fintech companies

First Bank of Alabama to Acquire Branches from Southern States Bank

Benzinga

May 23, 2022 (GLOBE NEWSWIRE) -- Talladega-based First Bank of Alabama ("FBA"), subsidiary of FirstBanc of Alabama, Inc. and Anniston-based Southern States Bank ("Southern States"), subsidiary of Southern States Bancshares, Inc. The proposed transaction will increase FBA's presence in East Central Alabama and give it an approximate 32% share of the bank deposits in Cleburne County, AL. TALLADEGA, Ala. and ANNISTON, Ala.,

How Elon Musk Managed to Convince Banks For Financing Proposed Twitter Deal?

Benzinga

NASDAQ: TSLA ) CEO shared his vision for Twitter, which went a long way toward convincing a bevy of banks to give commitments, according to a report by Bloomberg. Elon Musk disclosed in a filing on Thursday that he has received commitments for $46.5

NMB Financial Corporation/New Millennium Bank Announces Proposal to Acquire Noah Bank and Potential US Treasury ECIP Investment Into NMB Financial Corporation

Business Wire M&A

FORT LEE, N.J.--(BUSINESS

The great divergence: Banking in Asia post pandemic

McKinsey

The banking sector has surprised many by emerging from COVID-19 relatively unscathed. But new conditions pose novel challenges: where now for Asian banks? Future of Asia Podcasts Asia-Pacific

NatWest Chairman Sir Howard Davies on operational resilience in banking

McKinsey

Sir Howard Davies discusses the ways regulations, interest rates, monetary policy, climate risk, and economic threats are affecting the resilience of the banking system.