"We are in the middle of a significant housing supply crisis, and any initiative that creates disincentives to expand the supply of rental housing — particularly affordable rental housing — is going to have an impact on rents," said David Dworkin, president and CEO of the National Housing Conference. #housing #banks #mortgages https://lnkd.in/gawnEHrE
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"It's like we just released Excel and it's 1980," said Michael Abbott at Accenture. "You've got this unbelievably new tool, but nobody knows how to use it. It's going to change the way we do work, but people are still figuring out what it can do." https://bit.ly/4896pRh
At banks, generative AI helps novices, not skilled workers
americanbanker.com
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The largest banks are super competitive about AI, said Alexandra Mousavizadeh, CEO of Evident. "So even while you might see some of the same banks at the top, the leading banks are moving at a pace that is double the rest of the banks." https://bit.ly/408ecfW
'It's a frenzy': JPMorgan Chase, Capital One dominate AI arms race
americanbanker.com
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Kristy Fercho, senior executive vice president and head of diverse segments, representation and inclusion at Wells Fargo, said that while other companies backed off their diversity, equity and inclusion commitments last year, her bank did not. “We are absolutely committed to continuing to drive this broad culture of representation. It's who we are; it's how we think; it's how we want to drive our decisions,” she said.
The Most Powerful Women to Watch: No. 17, Kristy Fercho, Wells Fargo
americanbanker.com
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Jeane Vidoni began her career when women bankers had to “wear dresses, perm our hair and have silk ties with the bank logo on it.” Today, she runs Penn Community Bank, a fast-growing bank focused on southeast Pennsylvania.
The Most Powerful Women to Watch: No. 16, Jeane Vidoni, Penn Community Bank
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There is a tendency to assume that banks carrying a large commercial real estate loan portfolio need to diversify. But that ignores the fact that many of those institutions have much deeper knowledge of the market than their critics, writes Adam Mustafa, of Invictus Group, in American Banker’s BankThink. https://bit.ly/4eMVSh4
Banks' CRE concentrations aren't necessarily a sign of excessive risk
americanbanker.com
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As President and CEO of Hanmi Financial Corp. in Los Angeles, California, Bonnie Lee is one of just eleven female CEOs of publicly traded financial institutions. Since becoming CEO in 2019, she has grown Hanmi’s total assets from $5.5 billion to $7.6 billion, an increase of 36%.
The Most Powerful Women to Watch: No. 12, Bonnie Lee, Hanmi Financial Corp.
americanbanker.com
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Women leading the finance industry, from JPMorgan Chase to Fidelity Investments, attribute their success to hard work and continuous education. As highlighted in this year's ranking of The Most Powerful Women in Finance, these leaders share valuable advice for rising within company ranks. Discover the insights and skill sets from this year's honorees that can guide young women towards successful careers in finance. #bankingindustry
Tips for career management from The Most Powerful Women in Finance
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