Big banks’ shock absorbers are still far too slim: podcast

News on this topic

Mar 26

🔊 On @Breakingviews: Credit Suisse and a string of US regional banks failed last year. Stanford Professor Anat Admati tells Liam Proud that lenders’ equity ...

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Mar 26

🔊 On @Breakingviews: Credit Suisse and a string of US regional banks failed last year. Stanford Professor Anat Admati tells Liam Proud that lenders’ equity ...

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9h

UBS Weighs Synthetic Risk Transfer Amid Capital Boost Proposals: UBS Group AG is considering bringing a synthetic credit risk transfer to the market ...

bloomberg.com/news/articles/2024-04-26/ubs-weighs-synthetic-risk-transfer-amid-capital-boost-proposals

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Apr 23

Scenes of Campus Protests at Columbia, Yale, MIT and NYU in Photos and Video: The arrests of more than 100 protesters at Columbia last week led to more campus ...

nytimes.com/2024/04/22/nyregion/college-campus-protests-photos-yale-columbia.html

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Apr 25

AI can apparently predict a person's political stance just by reading their face: That's according to a new study authored by researchers at the Graduate School ...

qz.com/ai-political-party-face-recognition-1851433898

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Apr 10

Tara VanDerveer's impact extends far beyond Stanford, Pac-12 - ESPN: Tara VanDerveer built up the Pac-12 into a power and held down an entire coast for ...

espn.com/womens-college-basketball/story/_/id/39911537/tara-vanderveer-retires-stanford-womens-basketball-impact

Quick Glance: Tara VanDerveer announces retirement after historic coaching career

After 38 seasons leading the Stanford women’s team and a total of 45 years, Tara VanDerveer, the coach with the most wins in NCAA history, announced her retirement on Tuesday night.

In January, the 70-year-old VanDerveer surpassed Mike Krzyzewski in terms of the wins record. She leaves the stage with a total of 1,216 victories across Idaho, Ohio State, and Stanford University.

Her impact will endure, given her consistent dedication to mentoring fellow coaches, whether through sharing game footage or offering support and insights in the visiting team's locker room.

VanDerveer’s final day is set for May 8, marking the 39th anniversary of her hiring. She intends to maintain an advisory role for the school and athletic department going forward.

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Apr 23

Altice Billionaire Patrick Drahi Recasts Finance’s Natural Order: The battle over Patrick Drahi's telco debt needs to re-establish the norm that creditors ...

bloomberg.com/opinion/articles/2024-04-23/altice-billionaire-patrick-drahi-recasts-finance-s-natural-order

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Apr 24

Generative AI meets scams and spam: Deciding what’s real on social media gets trickier

fastcompany.com/91112496/ai-generated-images-social-media-spam-scams

Quick Glance: AI Revolutionizing Call Centers: TCS Insights

The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.

TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.

Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.

Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.

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Apr 24

UBS faces new lawsuit by Appaloosa over Credit Suisse $17 bln bond wipeout

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Apr 20

How to Get a Job in Crypto: Bitcoin Price Spike Draws Young Startup Founders: Bitcoin’s comeback is prompting hopefuls to ditch their studies and start companies ...

bloomberg.com/news/articles/2024-04-17/how-to-get-a-job-in-crypto-bitcoin-price-spike-draws-young-startup-founders

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Apr 22

Barclays hires Credit Suisse banker Pick as new EMEA M&A head

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Apr 24

UBS Annual General Meeting: Colm Kelleher defends Sergio Ermotti's salary: On Wednesday, UBS convened its first Annual General Meeting since the CS takeover ...

nzz.ch/wirtschaft/er-hat-den-schwierigsten-job-der-bankenwelt-ubs-praesident-colm-kelleher-verteidigt-ermottis-lohn-ld.1827762

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Apr 13

Source -- Stanford top scorer Kiki Iriafen enters transfer portal - ESPN: Kiki Iriafen, Stanford's leading scorer and second-leading rebounder this season ...

espn.com/womens-college-basketball/story/_/id/39931400/stanford-top-scorer-kiki-iriafen-enters-transfer-portal

Quick Glance: Stanford's Top Scorer Kiki Iriafen Enters Transfer Portal

Stanford junior Kiki Iriafen, one of the top women's basketball players in the country heading into the next season, has reportedly entered the transfer portal.

Iriafen, a 6-foot-3 forward hailing from Los Angeles, led the Cardinal this season as the top scorer (19.4 PPG) and second-best rebounder (11.0).

Iriafen showcased exceptional performances throughout the season, including notable games with 26 points and 10 rebounds against NC State and 41 points and 16 rebounds against Iowa State.

Iriafen's departure leaves Stanford without their key player for the upcoming season, especially with Cameron Brink moving on to the WNBA draft. Stanford is also set for coaching changes with Tara VanDerveer stepping down and Kate Paye expected to assume the role.

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Apr 26

How economists could make themselves more useful: There is a gap between the research supplied by academia and what policymakers actually want

ft.com/content/0f458670-417c-4aef-ae05-11a003fa48db

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Apr 15

Switzerland braced for wave of bank staff layoffs: The Swiss financial workforce engage in musical chairs as the Credit Suisse staff layoffs begin.

swissinfo.ch/eng/banking-fintech/credit-suisse-musical-chairs-set-to-create-winners-and-losers/75383012

158

Apr 14

ChatGPT essay cheats are a menace to us all : Students who outsource their thinking to AI tools pose a risk to future employers and more

ft.com/content/cde75f58-20b9-460c-89fb-e64fe06e24b9

105

Apr 25

College protesters want their schools to divest from ties to Israel. Here's what that means

nbcnews.com/business/business-news/college-protesters-divest-from-israel-what-it-means-rcna149147

233

Apr 24

Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout: Hedge fund Appaloosa LP became the latest to sue over the $17 billion wipeout of high-risk bonds ...

bloomberg.com/news/articles/2024-04-24/appaloosa-sues-credit-suisse-over-17-billion-at1-bond-wipeout

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fttechnews Apr 18

The AI race is generating a dual reality: US tech giants may dominate but they won’t have it all their own way

ft.com/content/8af1f467-2953-4cbc-a336-4c92c92e6792

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Apr 25

Miss Michigan USA 2024, Alma Cooper, is also a soldier and mathematician: Alma Cooper is excelling in arenas that, for centuries, were reserved for men ...

freep.com/story/news/local/michigan/2024/04/25/miss-michigan-solider-math-west-point-cooper-okemos/73436496007/

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Apr 18

Paye ready to try and fill VanDerveer’s shoes — and chair — as Stanford’s women’s basketball head coach

mercurynews.com/2024/04/17/paye-ready-to-try-and-fill-vanderveers-shoes-and-chair-as-stanfords-womens-basketball-head-coach/

7 similar articles

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The Indianapolis Star

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Apr 20

IU basketball transfer portal additions continue with Stanford guard Kanaan Carlyle

indystar.com/story/sports/college/indiana/2024/04/20/indiana-basketball-adds-stanford-kanaan-carlyle-transfer-portal-iu-hoosiers-roster-mike-woodson/73378466007/

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Apr 21

Five waves of UBS layoffs to start in June, SonntagsZeitung says: Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of ...

reuters.com/business/finance/five-waves-ubs-layoffs-start-june-sonntagszeitung-says-2024-04-21/

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Apr 23

Pro-Palestinian protesters set up tents on UC Berkeley campus, vow to stay until the university divests from companies in business with Israel

mercurynews.com/2024/04/22/pro-palestinian-protesters-set-up-tents-on-uc-berkeley-campus-vow-to-stay-until-the-university-divests-from-israel/

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San Francisco Chronicle

B+

Apr 25

S.F.’s Westfield mall as reimagined by Cal, Stanford students: University of California, Berkeley and Stanford students reimagined San Francisco’s old Westfield ...

sfchronicle.com/sf/article/westfield-mall-students-reimagine-19420279.php

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Apr 22

AI-Generated Child Sexual Abuse Material May Overwhelm Tip Line: A report by Stanford researchers cautions that the National Center for Missing and Exploited ...

nytimes.com/2024/04/22/technology/ai-csam-cybertipline.html

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Apr 23

Is the boom in private credit losing steam?: Leading players look to partner with banks rather than be their adversaries

ft.com/content/bd3c91f2-ded2-45ed-bc6d-7db99fe42d39

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Apr 17

UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports

reuters.com/business/finance/ubs-plans-next-round-layoffs-credit-suisse-integration-bloomberg-news-reports-2024-04-17/

Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration

UBS is planning another round of layoffs to reduce headcount following the rescue of Credit Suisse.

The cuts are expected to affect over a hundred positions in the firm's global investment bank.

Job losses are also anticipated in the Wealth Management and Markets units.

These measures signify the latest round of cuts at the bank, aiming to save around $6 billion in staff costs in the upcoming years.

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Apr 23

UBS gets backing for capital plan, Ermotti pay from Norway wealth fund: Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) ...

reuters.com/business/finance/ubs-gets-backing-capital-plan-ermotti-pay-norway-wealth-fund-2024-04-23/

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Apr 24

2024 ‘crucial year’ for UBS-Credit Suisse merger: UBS executives give a progress update at the bank's annual general meeting.

swissinfo.ch/eng/banking-fintech/2024-crucial-year-for-ubs-credit-suisse-merger/76333320

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Apr 25

AI Report Shows ‘Startlingly Rapid’ Progress—And Ballooning Costs: A new report finds that AI matches or outperforms people at tasks such as competitive math and ...

scientificamerican.com/article/stanford-AI-index-rapid-progress/

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Apr 18

The No. 1 way for introverts to gain influence at work, says Stanford expert: It’s the ‘only way’ to stay relevant

cnbc.com/2024/04/18/stanford-communication-expert-how-to-gain-influence-as-an-introvert.html

47

Apr 14

Credit Suisse: Rohner and other managers can keep their bonuses: Disillusionment in the Federal Council: legal action is unlikely to be successful ...

tagesanzeiger.ch/credit-suisse-rohner-und-andere-manager-duerfen-boni-behalten-346954174150

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thedailystar.net Apr 25

Bangladeshi scientist Zahid Hasan appointed visiting professor at MIT: Renowned Bangladeshi scientist M. Zahid Hasan has been appointed Visiting Professor of ...

thedailystar.net/tech-startup/news/bangladeshi-scientist-zahid-hasan-appointed-visiting-professor-mit-3595196

84

Apr 16

Which college has produced most Masters golf winners?: The University of Texas is the only college with three different Masters winners. The University of ...

houstonchronicle.com/texas-sports-nation/general/article/scottie-scheffler-masters-texas-college-most-19403338.php

127

Apr 17

A lawmaker proposed a bill that would ban DEI in medical schools. Doctors say it could roll back progress toward improving Black maternal health.

cnn.com/2024/04/17/us/dei-medical-schools-black-maternal-health-reaj/

136

Apr 24

Switzerland says UBS may need more cash. The bank is fuming: A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as ...

cnn.com/2024/04/24/investing/ubs-switzerland-too-big-to-fail/

85

Apr 24

Pro-Palestinian encampments, protests grow at California universities: Encampments and protests took place at UC Berkeley and Cal Poly Humboldt ...

latimes.com/california/story/2024-04-24/pro-palestinian-protests-berkeley-california-colleges

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Apr 12

Legendary Stanford coach Tara VanDerveer explains why time is right to retire: Tara VanDerveer calls her nearly four decades at Stanford “nothing short of ...

mercurynews.com/2024/04/10/legendary-stanford-coach-tara-vanderveer-explains-why-time-is-right-to-retire/

Quick Glance: Tara VanDerveer: A Retrospective on a Successful Career

Stanford women's basketball head coach Tara VanDerveer, the winningest coach in NCAA history, announced her retirement Tuesday after 38 seasons with the team.

During an emotional press conference, VanDerveer thanked her parents, coaches, players, and administrators, reflecting on her career, which she described as magical.

Although Stanford has a longtime assistant ready to take over and an advisory position lined up for VanDerveer, the legendary coach still struggled with the decision to step away from the only career she'd known.

VanDerveer stated that she felt ready for retirement, despite never thinking she would, and expressed her love for a job that never felt burdensome to her.

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Apr 24

UBS flags 'serious' concern about new Swiss capital requirements: UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss ...

reuters.com/business/finance/ubs-says-seriously-concerned-about-new-capital-requirements-talk-2024-04-24/

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Apr 16

Clark taken No. 1 in WNBA draft; Detroit Edison's Jackson goes 4th to L.A.: Caitlin Clark was selected with the No. 1 pick in the WNBA draft by the Indiana Fever ...

detroitnews.com/story/sports/other/2024/04/15/caitlin-clark-taken-no-1-in-wnba-draft-by-indiana-fever/73327769007/

Quick Glance: Caitlin Clark's Eventful WNBA Draft Week

Caitlin Clark, the NCAA Division I all-time leading scorer, had a whirlwind week before the WNBA Draft, signaling just the beginning of her promising career.

From the national championship to "SNL" to the Empire State Building and the draft, Clark is celebrated as one of the most sought-after and scrutinized rookies in the WNBA.

After a series of events within eight days, including appearances on "Saturday Night Live", meetings, and honors, Clark looks forward to starting her professional career with the Indiana Fever.

With a 190 percent increase in ticket prices and a massive fan response upon her arrival at the Fever, Clark and the team have high hopes for a successful season and a return to the playoffs.

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Apr 23

The Farm-to-Table Movement Is Coming to Flowers: Rising costs, supply chain snarls, and an emphasis on sustainability are driving changes in the cut-flower ...

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Apr 22

Report urges fixes to online child exploitation CyberTipline before AI makes it worse

apnews.com/article/cybertipline-child-sexual-abuse-stanford-23436c59d8aa03aa3d173ed5b63f8bfd

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Apr 21

Credit Suisse: Now there are layoffs - in 5 waves: The merged major bank wants to massively reduce its workforce in five waves. Meanwhile ...

tagesanzeiger.ch/credit-suisse-jetzt-kommts-zu-entlassungen-in-5-wellen-311165240715

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Insider (news website)

B-

Apr 24

Sundar Pichai admits the generative AI boom took Google by surprise: Despite saying he recognized AI's significance years ago, Sundar Pichai said he had a ...

businessinsider.com/sundar-pichai-google-generative-ai-boom-surprise-2024-4

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Apr 20

It does not matter why that man lit himself on fire in New York: What we are losing is a sense of clarity or objectivity. Self-immolation is not normal or ...

thehill.com/opinion/civil-rights/4607046-it-does-not-matter-why-a-man-lit-himself-on-fire-in-new-york/

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Apr 11

Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...

nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960

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Apr 19

AI Report Shows ‘Startlingly Rapid’ Progress—And Ballooning Costs: A new report finds that AI matches or outperforms people at tasks such as competitive math and ...

scientificamerican.com/article/stanford-AI-index-rapid-progress/

53

Apr 22

Pac-12 finances: Cal, Stanford carrying budget shortfalls as they prepare to enter ACC at partial revenue shares

mercurynews.com/2024/04/22/pac-12-finances-cal-stanford-carrying-budget-shortfalls-as-they-prepare-to-enter-acc-at-partial-revenue-shares/

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Apr 22

AI is about to make the online child sex abuse problem much worse: A flood of AI-generated child pornography threatens to overwhelm the nation’s creaky reporting ...

washingtonpost.com/technology/2024/04/22/ai-csam-ncmec-cybertipline-stanford-report/

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Apr 11

Global watchdog welcomes reform proposals for Swiss banking: Swiss proposals to better regulate its banking system and make it safer were welcomed by the ...

reuters.com/business/finance/global-watchdog-welcomes-reform-proposals-swiss-banking-2024-04-11/

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Apr 09

Blaise Goetschin: an interview with probably the most experienced bank boss: Blaise Goetschin has stepped down as head of the Cantonal Bank of Geneva after more ...

nzz.ch/wirtschaft/blaise-goetschin-der-erfahrenste-kantonalbank-chef-im-interview-ld.1823099

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Apr 10

UBS to face tougher rules in Swiss response to Credit Suisse rescue

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Apr 10

Inflation increased 3.5% in March: The fight to reduce inflation has struck a rough patch in recent months.

abcnews.go.com/Business/inflation-expected-surged-higher-march/story

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Apr 09

UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports

reuters.com/markets/deals/ubs-weighs-credit-suisse-china-stake-swap-with-beijing-government-bloomberg-news-2024-04-09/

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Apr 16

People Who Excel at Starting a Conversation Always Lead With This, Says Stanford Communications Expert

inc.com/minda-zetlin/people-who-excel-at-starting-a-conversation-always-lead-with-this-says-stanford-communications-expert.html

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Apr 10

Swiss plans to make banks safer after Credit Suisse collapse

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Apr 21

Spiderlike Mars Robot Might One Day Crawl through Unexplored Volcanic Caves: This eight-legged probe would scour Mars’s underground lava tubes for places where ...

scientificamerican.com/article/spiderlike-mars-robot-reachbot/

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Apr 08

US Supreme Court case marks debut for Stanford prof’s circuit split test

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Apr 08

UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...

reut.rs/49nfg0J

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San Francisco Chronicle

B+

Apr 26

Stanford students erect pro-Palestine encampment in defiant action: Similar encampments have sprung up at college campuses across the U.S. to protest Israel’s ...

sfchronicle.com/bayarea/article/stanford-students-erect-pro-palestine-encampment-19423938.php

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Apr 19

UBS and Credit Suisse: merger of branches in Basel: UBS is merging its branches with those of Credit Suisse. This affects five branches in the region ...

bazonline.ch/ubs-und-credit-suisse-fusion-von-filialen-in-basel-932127211932

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Apr 16

UBS Faces Capital Hit as High as $25 Billion, Minister Says: UBS Group AG faces an increase in regulatory capital requirements that could reach $15 billion to ...

bloomberg.com/news/articles/2024-04-16/ubs-capital-needs-could-rise-by-25-billion-minister-tells-tagi

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Apr 08

UBS JV to acquire Credit Suisse Japan wealth management business: UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth ...

reuters.com/business/finance/ubs-jv-acquire-credit-suisse-japan-wealth-management-business-2024-04-08/

0 similar articles

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Frankfurter Allgemeine Zeitung

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Apr 10

After the referendum: The poisoned Swiss pension gift: After the Swiss voted yes to a 13th month pension, a reform is needed that deserves the name ...

faz.net/aktuell/wirtschaft/die-schweiz-braucht-nach-volksabstimmung-eine-rentenreform-19641157.html

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Apr 10

Too big to fail: The Federal Council presents 22 measures: The state government has announced a package of measures to strengthen regulation of large banks ...

nzz.ch/wirtschaft/der-bundesrat-zieht-die-lehren-aus-dem-fall-credit-suisse-mit-diesen-22-massnahmen-will-er-die-steuerzahler-vor-einer-ubs-krise-schuetzen-ld.1825679

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Apr 19

Sleep patterns, disorders differ between women and men: Sleep differences have implications for how women and men could be treated for sleep-related disorders.

washingtonpost.com/wellness/2024/04/18/sleep-disorders-women-men-differences/

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Apr 11

Takeover of Credit Suisse by UBS: These 14 bank branches are closing in the canton of Zurich

tagesanzeiger.ch/uebernahme-der-credit-suisse-durch-ubs-diese-14-bankfilialen-schliessen-im-kanton-zuerich-100660080290

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Apr 10

College students are flocking to the Marriage Pact, mostly for fun, but some find lasting love

apnews.com/article/marriage-pact-campus-life-dating-e3ba70ebb02f08c95001fd74e8cbe3b6

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Apr 10

Swiss minister criticises big bank bonuses as UBS set for stricter rules: Switzerland's finance minister took aim at bonus excesses and inflated salaries at ...

reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/

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Apr 11

UBS to face tougher rules in Swiss response to Credit Suisse rescue: In 209 pages of recommendations on how to police banks deemed "too big to fail" ...

swissinfo.ch/eng/banking-fintech/ubs-to-face-tougher-rules-in-swiss-response-to-credit-suisse-rescue/75469949

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Apr 13

How Gaza is changing US campuses: Pro-Palestinian activism is opening up universities to debate and learning and adding pressure for political change.

aljazeera.com/opinions/2024/4/13/how-gaza-is-changing-us-campuses

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Apr 16

Leading AI makers at odds over how to measure "responsible" AI: With no generally agreed benchmark test, potential customers and users are at sea.

axios.com/2024/04/16/responsible-ai-metrics-benchmarks

3 similar articles

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2

Insider (news website)

B-

Apr 12

Leaving Silicon Valley for fintech job in Chicago was lonely, employee: Jaime Muñoz left the Silicon Valley start-up hub for a fintech job in Chicago ...

businessinsider.com/leaving-silicon-valley-fintech-job-chicago-lonely-2024-4

0 similar articles

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BMW BLOG Apr 16

2025 BMW M4 CS Launching in Riviera Blue and Frozen Isle of Man Green: The new 2025 BMW M4 CS will be available in four different colors: Riviera Blue ...

bmwblog.com/2024/04/16/2025-bmw-m4-cs-in-riviera-blue-and-frozen-isle-of-man-green/

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Apr 11

'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants

cnbc.com/2024/04/11/lose-lose-situation-new-swiss-bank-laws-could-derail-ubs-challenge-to-wall-street-giants.html

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Apr 11

How to tame UBS without making the bank toothless: Swiss government proposals to regulate Too Big to Fail banks meets sceptical response.

swissinfo.ch/eng/banking-fintech/how-to-tame-ubs-without-making-the-bank-toothless/75541822

2 similar articles

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Frankfurter Allgemeine Zeitung

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Apr 10

Major Swiss banks: “The Credit Suisse case must not be repeated”: The Swiss government wants to tighten regulation and supervision of UBS. She also sets her ...

faz.net/aktuell/finanzen/finanzmarkt/schweizer-regierung-will-bankenregulierung-verschaerfen-19644800.html

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Apr 08

UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...

reuters.com/business/finance/ubs-brink-switzerlands-too-big-fail-reckoning-2024-04-08/

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Apr 20

Report: AI is smarter than a person, sometimes: Tens of billions of dollars have poured into AI companies looking to use the technology to revolutionize ...

thestar.com.my/tech/tech-news/2024/04/20/report-ai-is-smarter-than-a-person-sometimes