European banking giant HSBC is reportedly slowing hiring and asking investment bankers to reduce expenses. It’s part of an effort by CEO Noel Quinn to reduce costs as banks around the world anticipate interest rate cuts, Bloomberg reported Tuesday (July 2). HSBC is in some...
The Federal Reserve Bank of Atlanta has a new first vice president and chief operating officer. Cheryl Venable, who has been with the bank since 1991, will assume her new role Aug. 1, the Federal Reserve announced in a news release Thursday (June 27). Her...
Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai’s departure was announced internally on Tuesday (June 25) and a Citigroup spokesman confirmed the move Wednesday (June 26), Reuters reported Wednesday. The...
MoneyLion has appointed Pinterest and Google veteran Jon Kaplan as its first chief revenue officer (CRO). In his new position, Kaplan will focus on expanding MoneyLion’s market share and leveraging the company’s data assets to create new revenue opportunities, the financial technology ecosystem firm said...
J.P. Morgan Chase Bank India CEO Prabdev Singh reportedly stepped down from his position and is leaving the bank about one-and-a-half years into a three-year term. Singh received regulatory approval in January 2023 for a three-year term, Bloomberg reported Monday (June 24). He joined J.P....
X CEO Linda Yaccarino has reportedly reshuffled her inner circle amid pressure to reduce costs. As the Financial Times (FT) reported Sunday (June 23), three sources say that Yaccarino fired head of business operations and communications Joe Benarroch — described as her right-hand man —...
Fiserv has announced that former J.P. Morgan Global Head of Payments Takis Georgakopoulos will join the company, effective Sept. 3. Georgakopoulos will serve as a senior advisor, executive vice president and a member of the management committee, Fiserv said in a Thursday (June 20) press...
PayPal has appointed Srini Venkatesan, the former head of Walmart’s U.S. Omni Platforms and Tech organization, as chief technology officer (CTO), effective Monday (June 24). Venkatesan will succeed PayPal’s current CTO, Archie Deskus, who has decided to leave PayPal, the company said in a Thursday...
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented...
