Why women in finance are punished more harshly for misconduct

Why women in finance are punished more harshly for misconduct

Researchers studied misconduct data for all 1.2 million financial advisers registered in the U.S. from 2005 to 2015 and found that, following an incidence of wrongdoing, female advisers are 20% more likely to lose their jobs and 30% less likely to land new jobs compared to male advisers. Women face harsher punishment despite engaging in less costly misconduct and despite a lower propensity towards repeat offenses. Mark Egan, assistant professor of finance at the University of Minnesota, explains the double standard to Penny Crosman, editor at large of American Banker, and Bonnie McGeer, executive editor of American Banker Magazine.

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Avsnitt(398)

Crypto banks are safer than insured banks: Bitgo's CEO

Crypto banks are safer than insured banks: Bitgo's CEO

The crypto companies getting trust charters hold 100% reserves and thus are lower risk than traditional banks that hold fractional reserves, Mike Belshe argues.

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Why big banks bet on Besu

Why big banks bet on Besu

Citi, DTCC and others are quietly using Hyperledger Besu as neutral, enterprise-grade rails for tokenized deposits and collateral. Daniela Barbosa, general manager of decentralized technologies at the...

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What's life like after crypto firms get trust bank charters?

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The Office of the Comptroller of the Currency has conditionally approved several national trust bank charters for crypto companies. Fabian Dori, head of asset management at Sygnum Bank, a digital asse...

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'Credit access is absolutely a problem': Upstart's Paul Gu

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The company's new CEO, and long-time chief technology officer, shares his views on why some banks are stuck in old ways of determining creditworthiness, how Upstart has been modifying its underwriting...

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Is AI the way to get credit to the underbanked?

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Rodney Hood, former acting Comptroller of the Currency and former chair of the National Credit Union Administration, says the credit scoring system is broken and AI can fix it.

28 Apr 22min

What a 'moral architecture' for AI in banking would look like

What a 'moral architecture' for AI in banking would look like

Surjit Chana, a board member of Beneficial State Bank, a Harvard Fellow and a tech committee member of the Global Alliance for Banking Values, explains why there's a need for what he calls a moral arc...

14 Apr 29min

Solana 101: What it is and why some banks use it

Solana 101: What it is and why some banks use it

JPMorganChase, Citi, Bank of America and Anchorage Digital are among the banks that are using or planning to work with the Solana distributed ledger and network. Solana Policy Institute CEO Miller Whi...

31 Mars 24min

Grasshopper's taking AI beyond the 'confident intern' stage

Grasshopper's taking AI beyond the 'confident intern' stage

Peter Chapman, chief technology officer at Grasshopper Bank, initially saw AI as "the best intern that you could ever have." Today the technology is taking on more advanced work at the bank.

17 Mars 22min

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