U.S. Regulators Highlight Artificial Intelligence as a Potential Risk to Financial Systems
Rapid adoption of artificial intelligence (AI) could create new risks for the…
Banking
China's Central Bank Expands Liquidity Support through Policy Loans, Leaves Rates Unchanged
China’s central bank ramped up liquidity injection but kept the interest…
Citi Announces Plans to Separate Mexico Retail Bank from Corporate, Investment Unit by Late 2024
Citigroup (C.N) will split its Mexico retail unit, known as Banamex,…
Credit Suisse's Downfall Unfolds Amidst Plans for Nationalization Through a $57.6 Billion Injection
About six months before Credit Suisse was sold to rival UBS in…
Deutsche Bank Provides Insights on Nio's Recent $2.2 Billion Investment Agreement
Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE:NIO) Monday,…
Goldman Sachs Encounters Challenges as it Unwinds Partnership with Apple on Credit Card Venture
Goldman Sachs (GS) is facing a challenging exit from its four-year-old credit…
Asian Development Bank Commits $100 Billion Investment for Maximum Climate Impact
Setting the scene for a low-carbon and climate-resilient Asia and the Pacific,…
Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases
Bank of Canada Governor Tiff Macklem recently suggested that the measures taken…
Argentina's Milei Firm on Non-Negotiable Closure of Central Bank
Argentina’s President-elect Javier Milei said on Friday that the closure of…
Bank of Estonia Warns: Loan Repayment May Become Slightly More Challenging
While the share of bad loans remains very low in Estonia, a…
China Initiates Investigations into Troubled Shadow Banking Giant Zhongzhi
Chinese authorities said they recently opened criminal investigations into the money management…
Riksbank's Thedeen Views 50-50 Probability for Another Rate Hike
Sweden’s Riksbank is as likely to raise its benchmark rate as…