Weekly Newsletter - 09.25.2024

Does Behavioural Learning Have a Place in Finance?

Regulations are constantly evolving, now quicker than before - making it hard for finance employees to keep up. In turn, many L&D professionals in finance are struggling to keep training relevant, ensuring knowledge retention and application while also engaging employees.

Hive Learning's latest mini eBook, "Beyond Books: How Behavioral Learning Shapes L&D," has been written in collaboration with L&D expert, Chris Hall with these issues front of mind.

This practical guide provides insights into behavioral learning theory and offers actionable strategies to improve engagement and retention among your finance teams. Learn how to implement hands-on training, foster peer-to-peer learning, and create content that resonates with the specific needs of your industry.

Industry News 📰

BNP Paribas to buy HSBC’s German private banking arm

BNP Paribas has agreed to buy the private banking operations of HSBC in Germany as it accelerates its expansion drive in a deal that will grow its exposure to wealthy entrepreneurs in Europe’s biggest economy.

Flush with cash from the $16.3bn sale of Bank of the West in the US that closed last year, the Eurozone’s largest bank has been extending in areas such as wealth and asset management. Although not disclosing financial details, the bank is seeking to double its wealth assets under management in Germany to more than €40bn ($44.5bn) with the acquisition, which is set to close next year.

Credit union-bank mergers tie record with deal in New York

The agreement was unanimously approved by the Boards of Directors of ESL Federal Credit Union and Generations. The P&A Transaction is expected to close late in the second quarter or in the third quarter of 2025, subject to receiving all regulatory approvals, approval by Generations Bancorp's shareholders and other customary closing conditions.

Following the completion of the P&A Transaction and after all of the respective obligations of Generations Bancorp and Generations Bank are settled or otherwise accounted for, Generations Bank will liquidate and Generation Bancorp will distribute its assets to its shareholders (the "dissolution"), likely in two separate payments as described herein.

Industry Insights 🔮

Mastering Sales Training in Banking and Finance

Effective sales training is crucial for success in the banking and finance industry. Tailored programs address unique challenges, enhance adaptability, and leverage technology for interactive learning. Collaboration between HR and L&D teams ensures comprehensive training, while future trends like ethical practices and remote training shape ongoing development.

The Role of Logical Thinking in Corporate Finance Decision-Making

Logical thinking in corporate finance involves systematic analysis and rational decision-making, essential for financial modeling, risk management, and strategic planning. Key components include inference, inductive and deductive reasoning, problem-solving, critical thinking, creativity, and reasoning. Developing these skills enhances financial professionals' ability to drive business success.

Mastering AI in Talent Acquisition for Financial Services

Join the free webinar on October 10th to master AI in talent acquisition for financial services. Gain strategies to upskill HR teams, ensure ethical AI use, evaluate tools, overcome resistance, enhance diversity, and measure AI impact. Speakers include experts from Aptitude Research and Oleeo.

Upskilling Wealth Managers to Harness Generative AI's Full Potential

Generative AI offers transformative potential for wealth managers by streamlining processes and enhancing client interactions. To maximize benefits, firms should focus on upskilling their workforce, integrating AI strategically, and fostering a tech-friendly mindset. Investing in human-centered learning ensures advisors can effectively leverage AI, driving both personal and organizational success.