Most asset managers expect revenue and assets under management to grow next year, despite concerns about regulatory changes and information technology operations.
A survey by SimCorp that was released Monday said 90% of asset managers expect higher revenue in 2011; all respondents expected assets under management to grow, and 45% expected growth of more than 10%. The benchmark survey was based on 49 interviews done from April to July with asset managers worldwide.
House Financial Services Chairman French Hill is pushing regulatory relief for banks, reforming the Consumer Financial Protection Bureau and advocating a "whole-of-government" assault on fraud.
Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
