SET Training - Banking and Fintech

Prosecutors have started to cross examine Sam Bankman-Fried on the witness stand. Rachel Humphreys and Caitlin Ostroff explore the competing narratives being painted by the government and the defense. Listen HERE .

How "passive income" money-making scams seem to have taken over the world, and the economic implications of such scams.

With the jury in attendance, Sam Bankman-Fried took the stand to testify in his defense. Rachel Humphreys and Caitlin Ostroff break down where his story of the FTX collapse has differed from the testimony of his former colleagues Caroline Ellison and Nishad Singh. Listen HERE .

After a short break, court is back in session as Sam Bankman-Fried takes the stand to testify in his defense. Rachel Humphreys and Caitlin Ostroff were inside the courtroom to hear some of Bankman-Fried’s side of the story and how the prosecution worked to pick it apart. Get the full story HERE .

You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those pre-entered tip screens. The vast majority of people are still tipping servers or wait staff at sit-down restaurants but tipping much less frequently when picking up takeout or grabbing coffee.

In recent times, there has been a growing significance attached to Environmental, Social, and Governance (ESG) endeavors for businesses.  ESG has emerged as a crucial aspect for companies to uphold their societal acceptance, and in certain regions, the disclosure of ESG components is either obligatory or actively being considered. Companies that excel in ESG performance benefit from five key advantages: reduced risk, lower capital costs, decreased regulatory interference, increased growth potential, and the ability to attract and retain top talent. Prominent corporations in the Fortune 500 are leveraging ESG initiatives as a competitive edge to distinguish themselves from their rivals. For instance, Patagonia has long been renowned for its unwavering dedication to ethical business practices and sustainability, which has enabled the brand to cultivate a devoted customer base and created formidable barriers for competitors attempting to emulate its achievements. Read the full article...

"After several weeks of powerful testimonies for the prosecution in the FTX trial in New York, you might have thought the strongest ones had come and gone. Not so: this week Nishad Singh, the former head of engineering at the now-collapsed exchange, took the stand and delivered more blows to Bankman-Fried.   Like many senior FTX people, he had connections to SBF that go back long before they became famous, then infamous. He was the best friend of Bankman-Fried’s younger brother at high school and shared SBF’s interest in effective altruism. And in common with Gary Wang and Caroline Ellison, also part of Bankman-Fried’s inner circle, Singh said he committed financial crimes and did so in concert with Bankman-Fried.    But Singh’s testimony also stands apart from that which came before him by offering a window into the emotional toll this alleged fraud had on Bankman-Fried’s associates." Read the full story HERE .