#finance

I want to see what people on this board think about the impact of AI on our industry or specific roles/teams. I know that things are already happening and that there is no going back, it's not looking good. But I also thing that the impact is not going to be linear and that some parts will be affected more than others. What do you think and are you seeing it already. I am in Finance/planning so impacts have been limited so far but I can see situations where some of the low level work is completely done with AI.

Another earnings beat. Feeling grateful his morning, go USB!! 👍

Google AI question: Has Accenture taken jobs from investment firms other that IT?

Yes, Accenture has taken over significant non-IT operational and business functions from investment firms, asset managers, and capital markets entities. Through its "Managed Services" and Business Process Outsourcing (BPO) arms, Accenture often assumes responsibility for middle- and back-office operations, strategy, and talent to cut costs and modernize processes.

Examples of non-IT job functions taken over by Accenture include:

Middle & Back Office Operations: Accenture manages end-to-end trading lifecycle operations, including trade processing, reconciliation, settlement, and clearing. 👀

Asset & Wealth Management Services: They provide operational support for portfolio management, investment stewardship, and client service teams. 👀

Finance & Risk Management: Accenture runs finance, risk management, and regulatory compliance reporting, taking over these functions to manage regulation and data.

Transaction Advisory & M&A: They provide strategy consulting, post-merger integration, and operational restructuring services, effectively taking over the planning and execution roles formerly held by internal teams.

Procurement: Accenture offers procurement outsourcing, managing vendor relationships and purchasing processes for financial institutions.

Human Resources/Talent: During acquisitions, Accenture often replaces internal HR and project management (PMO) staff with their own centralized global HR group.

How they do it:

Accenture typically acquires specialized consultancies (such as Altus Consulting for investment technology or SKS Group for banking) and then uses its "shared services" model to offshore or automate roles, which frequently results in the displacement of the client’s original staff.

Bunch of people in marketing laid off in last few days but it's been selective. Both the digital side and the financial side.

I was overpaid for one additional week on 4/6. I'm told they will not deduct this from a future check, and that I will eventually be sent a docusign document to repay the overpayment. They deducted an additional week of 401k deductions, too. I'm waiting to hear how they will address this since you can't just take money from this account without tax implications.

Is anyone else still having issues with payroll???

What is the whisper number for profit or loss at 3/31 ? The word on the street is that we lost $5M+ in Q1. Capital Management under performed with the bond portfolios & not enough rolled into MoA funds. flows out still pacing flows in. IT costs are balooning.

Full port in.

In the past 5 days FIS is down 5% and the Nasdaq is up 4.5%.

Remember when you could read the Company's Annual Report and know exactly how much the Company earned in the prior year?

They are laying off a bunch of of AR and AP people along with several people in accounting. Oddly a bunch of the same roles are now open as well. Not sure if they're planning to eventually outsource but the new leadership is also particularly obsessed with cutting costs even while the company is growing and doesn't care one bit about morale (or lack thereof) in the company. I think maybe a dozen people have been impacted.

Crocs is laying off MORE people in April of 2026, seemingly across the HR, Digital, Retail, Finance, IT, and Digital organizations, ahead of an outsourcing to Infosys.

guarantee bny will do all this work and will get stiffed when it comes to getting paid by the administration

What wrong with ESPP?! I got the email that shares were purchased at 108$ each for 10800$ worth but I'm only getting 85 shares instead of 100! WTF! Is it taxes?! If I sell now I basically just get back my money (actually 40$ loss).

Looks to be a well coordinated strategy to push earnings call to March 31. The drop in share prices is almost 15% now, wiping out any gains on ESPP.

This is as pathetic as it gets, no need to invest in ESPP going forward if this is how cheap this company is going to get to.

MF is literally MF.

Several financial firms announced layoffs in New Jersey during March. These cuts total 409 positions across multiple companies. Prudential Financial, Fiserv Solutions, UBS, and JPMorgan Chase were impacted. These layoffs contribute to a broader surge of job cuts nationwide. The state has recorded 4,715 total job cuts in 2026 so far.

New Jersey

https://njbiz.com/major-financial-firms-cut-409-nj-jobs-march-2026/

Heard we lost some long timers in a group at Finance accounting.

If you had invested $1000 in nike stock back in 2015, you would have about $1000 now.

If you had bought $1000 of Nike back in 2015 and sold at the peak in 2021 you would have had roughly $3673.

If you invested $1000 in Apple stock in 2015, you would have $8,233 now.

If you invested $1000 in Amazon stock in 2015, you would have $12,000 now.

If you invested $1000 in Tesla stock in 2015, you would have $27,692 now.

If you invested $1000 in Nvidia in 2015, you would have $347,916 now.

JPMorgan must face Wells Fargo lawsuit over troubled $481 million real estate loan | Reuters https://www.reuters.com/legal/government/jpmorgan-must-face-wells-fargo-lawsuit-over-troubled-481-million-real-estate-2026-03-30/

Finance and Global Sourcing got hit.

SB didn't get what he deserved, quite the opposite.

He has a golden parachute, which only pays out reliably IF/WHEN the company isn't in CH 7 or 11. Parachutes get trimmed down, and sometimes eliminated entirely in bankruptcy.

They didn't throw him out a window, they put him in a life raft. He'll get paid out, and after that, look for CH11. IF anyone here read up on his nonsense agreement and knows what the payout timeline is, please chime in. That is a good indicator of when they might be filing.

Nuveen Plans £175m Staff Retention Pot for Schroders Employees

https://citywire.com/new-model-adviser/news/nuveen-commits-to-keeping-cazenove-and-plans-175m-staff-retention-pot/a2485807

Any ideas as to why a company would choose to loose four days worth of interest on money paid for wages four days early? I don’t see any sort of holiday either here nor in Buenos Aires… selling? Shutting down?

ORCL is under $140, might get below $130 next week.
MAG 7 is flat at best.
10yr Bond is approaching 4.5%, screaming rates are way way too low.
Good for cash, bad for credit debt.
Crude is now over $110.

Not good at all !!!

Is it possible? When do you think it will happen?

DOW is recovering. FISERV is not. Glad I’m out of my position (both the job and the stock).

260 euros to 175 new target. That is a huge reduction!!!! Why?

https://finance.yahoo.com/markets/stocks/articles/jpmorgan-cuts-sap-neutral-cloud-085540218.html

Lots of freed up $$$ to teach Citi how to restructure and fire people.

Any word on the next date for JE’s?

anyone knows

Thoughts on the wealth solutions restructure?

Who keeps/holds Fiserv stock?

Public service announcement - if you were laid off in 2025, you should still receive the company 401k match. It was contributed to accounts on March 13, 2026. Check your 401k accounts to confirm. Also, if you were contributing to the Citi company stock fund through the 401k, you should still be able to vote for shareholder resolutions related to the annual stockholder meeting held during the 2nd quarter, so keep an eye out for that proxy communication.

Curious to here if anyone knows what percentage of actual roles will be replaced with AI here at T. Everyone knows swe positions will be consolidated but what about other roles . Anyone have any stories of it haopening

Hey anyone who retired last year and eligible for 2025 bonus...did you get paid today and if yes, was it mailed or direct deposit?

with the 15th being a holiday will they sell on 3/16 or 3/13

Hearing to 15 bucks a share

I have a concern regarding the tentative agreement in the Northeast.
I realize we paid a heavy price in 1989 and, as a result of that sacrifice, were able to keep essentially cost-free medical benefits for the next two-and-a-half decades.
However, uncertain economic times in 2016 resulted in us, fairly or not, shouldering more of the burden, not only the men and women that had 20, 25, 30, 35... years on the job under their belt already, but also the retirees now had to unexpectedly pony up and adjust to this new and unexpected financial burden on a fixed income based on earlier reasonable expectations and assumptions, if I understand correctly.
I am now hearing murmurings about about retiree healthcare skyrocketing, from, say, $60 a month to 10X that amount, $600 a month, for example. I hope these rumors are wrong and that I am needlessly worrying about something that will never come to be.
Are there any guarantees built into this new tentative agreement that shield both our current retirees, as well as those that will eventually be joining their ranks, from the future uncertainty of exorbitant increases that will make affordability a larger hurdle, if not an impossibility, for the elderly who served their union and their company well?