A new wave of artificial intelligence (AI) adoption is poised to transform entry-level roles across Wall Street. Contrary to fears of mass layoffs, automation may not eliminate analysts — it will redefine their work. A Fortune report published Wednesday (Oct. 22) revealed that financial firms are beginning to replace repetitive spreadsheet, model-building, and pitch-deck tasks … Read more
The collapse of First Brands Group, an Ohio-based auto parts conglomerate, has spotlighted significant vulnerabilities in receivable financing and supply chain lending. The failure has raised concerns about hidden risks and opaque financial structures that often go unnoticed in the complex world of private credit and trade receivables. First Brands, which was highly active in … Read more
Bank of England Governor Andrew Bailey has urged the Group of 20 (G20) nations to tighten surveillance of stablecoins and other forms of private finance, warning that regulators must respond more quickly to emerging digital and geopolitical risks. In a letter sent to G20 finance ministers and central bank governors — written in his capacity … Read more