Felipe Sinisterra and Dave Wang, founders of Wall Street Prompt, charge Wall Street banks about US$25,000 for AI training sessions, with a two-month backlog, according to the article. They teach use of Alphabet’s Gemini and tools like ChatGPT and Claude to analyze earnings calls and pitch materials. Banks including Citigroup and Bank of America have cut jobs despite strong earnings, while Standard Chartered plans further reductions; the demand reflects a skills gap in deploying AI.
Standard Chartered named Simon Wilson, formerly UBS and Credit Suisse market risk leader, as global head of automated risk, overseeing investment banking market intelligence and AI, and digitising FX and rates trading platforms in London. Citi hired James Carolan for global FX structuring and solutions, plus rates and inflation hires. Other moves include QVR winding down after a fund fell nearly 30% in early 2026.
This article compares two prominent financial sector ETFs, Vanguard's VFH and State Street's XLF, highlighting their different strategies for investor exposure to the American financial system. While XLF focuses on a concentrated portfolio of large-cap S&P 500 financials with 76 holdings, VFH offers broader diversification with 404 holdings, including smaller-cap companies. The choice between them depends on an investor's preference for either concentrated large-cap exposure with potentially lower volatility (XLF) or broader market exposure with higher risk (VFH).
