Finance / Leadership / CEO Daily

Finance Is on the Cusp of Huge Change: CEO Daily

Posted On: Jun 20, 2019   |   Posted By: Fortune

Good morning.
It was a rainy day in Montauk yesterday, but that turned out to be a good thing. The conversation inside the Fortune Brainstorm Finance tent deserved no distractions.
What made the event uniquely interesting was the mixing of would-be disrupters with the would-be disrupted. The former said this week's Facebook news proved finance is on the cusp of huge change:
"This is a massive inflection point," said Circle CEO Jeremy Allaire. Google , Amazon , Apple "are all going to have to respond in some way. And so are the banks."
"The CEOs of the banks... need to realize the intellectual capital being poured into this is the best of the best," agreed Digital Currency Group CEO Barry Silbert. "It is going to change banking as we know it".
Not surprisingly, the legacy bankers were somewhat more cautious about the speed of disruption. On the death of bricks and mortar banks, Bank of America CEO Brian Moynihan noted:
"Between now and 24 hours from now, 800,000 people will walk into one of our branches"
And...

Continue reading ...

 








Watch bison launch 9-year-old girl into the air at Yellowstone

Watch bison launch 9-year-old girl into the air at Yellowstone

A raging bull bison charged at and tossed a 9-year-old Florida girl several feet into the air at Yellowstone National Park. The shocking incident, which was caught on camera... Read more ...

US citizen held in immigration detention for three weeks

US citizen held in immigration detention for three weeks

The 18-year-old and his brother were stopped at a U.S. Customs and Border Protection checkpoint on their way to a college soccer scouting event last month. Read more ...

9/11 Victims Compensation Bill clears Senate

9/11 Victims Compensation Bill clears Senate

The US Senate on Tuesday finally passed a bill guaranteeing financial support to the families of 9/11 first responders and victims - as a chorus of riotous cheers arose from... Read more ...

Mom charged with murder after dropping her 3-month-old during fight with...

Mom charged with murder after dropping her 3-month-old during fight with another woman

The baby slipped from mom's grasp and sustained a head injury after falling onto the pavement, police said. Read more ...

2 missing Canadians are suspects in the deaths of 3 people, including...

2 missing Canadians are suspects in the deaths of 3 people, including road-tripping couple

Kam McLeod, 19, and Bryer Schmegelsky, 18, are considered dangerous and members of the public should not approach them, authorities said. Read more ...

Trump administration proposes new rule that could cut food stamp benefits...

Trump administration proposes new rule that could cut food stamp benefits for 3.1 million

It is the administration's latest step to clamp down on the food stamps program, which covers 38 million Americans, and other public assistance services. Read more ...

Uber driver agrees to travel 400 miles to help 2 sisters on way to 100th...

Uber driver agrees to travel 400 miles to help 2 sisters on way to 100th birthday party

“He was just a true answer to prayers that day and just the sweetest man,” Maggard said. Read more ...

CEO: School rejected offer to pay students' late lunch bills

CEO: School rejected offer to pay students' late lunch bills

The CEO of La Colombe Coffee said he offered to give a school district $22,000 to wipe out unpaid lunch bills. Read more ...

The Department of Justice just launched a broad probe into whether big tech...

The Department of Justice just launched a broad probe into whether big tech companies like Amazon, Facebook, and others illegally harm competition

The Department of Justice is preparing to open a broad probe into whether Amazon , Facebook , and other big tech companies are illegally harming their competitors, the... Read more ...

Suárez homers again, leads Reds overt Brewers 14-6

Suárez homers again, leads Reds overt Brewers 14-6

MILWAUKEE - Eugenio Suárez hit his third two-run home run in two games and the Cincinnati Reds battered Zach Davies for seven runs in a 14-6 rout over the Milwaukee Brewers on... Read more ...