Tag: banks
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U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says
The U.S. raised market access issues for Mastercard and Citigroup in China during bilateral meetings in Bangkok this week, a U.S. Treasury official says.
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Banking tax raid fears hit London lenders’ shares ahead of crucial budget
Shares in some U.K. banks fell Friday after reports that the government is considering a higher surcharge on bank profits in the Oct. 28 Budget.
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World Bank’s Banga sets goal of quintupling critical minerals financing in five years
BANGKOK, Oct 16 : World Bank President Ajay Banga on Friday said the development lender has set a goal of quintupling its critical minerals business in five years, and has identified 20 countries that it can partner with on critical minerals development projects.Banga revealed the new goal in prepared remarks
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BoE warns banks to prepare for AI-enabled cyber breaches
BANGKOK/LONDON, Oct 15 : The Bank of England is working with banks on deep cyber-recovery options, its deputy governor Sarah Breeden said on Thursday, arguing they can no longer assume their defences are impenetrable in the face of AI-enabled cyberattacks.Breeden said the BoE is also surveying banks on their
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India’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada’s Fairfax
The Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening fiscal pressures.
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Jim Cramer explains why even strong bank earnings couldn’t save their stocks
All six banks fell following their earnings reports, even as some delivered strong results, reflecting concerns about interest rates and the economic outlook.
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Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.
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As Wall Street banks finance and adopt AI, risks mount on both fronts
Oct 14 : Wall Street’s biggest banks want to ride the AI wave without getting caught in its undertow, as the promise of a lucrative infrastructure boom collides with questions over returns and new security threats. Executives at the largest US banks this week discussed the risks of AI agents acting on custom
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Morgan Stanley tops estimates as equities trading revenue exceeds expectations by $909 million
Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue.
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Bank of America is set to report third-quarter earnings – here’s what the Street expects
The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.
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