Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs

Jack J. Kelly Archive

Using a Private Version of ChatGPT as an Enabler for Risk and Compliance

Organizations face many challenges regarding cybersecurity, including keeping up with the ever-evolving threat landscape and complying with regulatory requirements. In addition, the cybersecurity skill shortage makes it more difficult for organizations to adequately staff their risk and compliance functions. According to the (ISC)2 2022 Cybersecurity ...Read More

The Truth About Banking Regulation? There’s Far Too Little of It

After Silicon Valley Bank and Signature Bank went bust in March, liberals and conservatives argued over the cause. Liberals blamed a 2018 law that weakened oversight of midsize banks under the 2010 Dodd-Frank financial reform law, and also an ill-considered 2019 regulation by the Federal Reserve Board that weakened oversight still ...Read More

Gary Gensler’s Old Crypto Lecture Video Stuns Coinbase CEO

A 2018 video of Gary Gensler, former professor at Massachusetts Institute of Technology (MIT) and current chair of the Securities and Exchange Commission (SEC), is making rounds on Twitter where he says that cryptocurrencies are as valuable as commodities or cash and are not securities. What Happened: The video is ...Read More

WeWork has frittered away $46.7 billion in value as the stock sinks below 50 cents, one of the biggest startup failures of all time, and venture capitalists haven’t learned a thing

Last week, WeWork was forced to issue an embarrassing press release warning that it was in danger of being delisted from the NYSE because the stock has traded below $1 for so long. In 2019, prior to a disastrous attempt to go public that resulted in the exodus ...Read More