Big banks’ record Wall Street profits are increasingly tied to AI
Wall Street’s biggest banks just posted a record first half, turbocharged by stock trading, dealmaking, and financing tied…
EU’s big 6 pitch a rival to Wall Street – POLITICO
Back-to-back crises have limited the power of the public purse, so policymakers are hoping professional financiers and savers…
BlackRock’s Fink warns AI boom could widen wealth divide without broader participation
By Manya Saini March 23 (Reuters) – Asset management giant BlackRock’s CEO Larry Fink warned on Monday the…
EU’s 6 biggest economies back single finance watchdog – POLITICO
Among the most contentious initiatives is introducing EU supervision of “the most systemic, relevant, cross-border financial market infrastructures”…
EU doesn’t need all 27 to move forward on reforms – POLITICO
In Wall Street Journal interview, ECB chief backs smaller country groupings to push capital markets reform and other…
All the economic wins Keir Starmer wants to bag in China – POLITICO
For now, then, the aim is to secure progress in areas that are seen as less sensitive. Starmer’s…
EU market reforms won’t bring back growth
Almost all of Europe’s problems are long-term and intractable. This is also the case when it comes to…
Japan’s $132 Billion Borrowing Binge Reshapes Global Credit
The end of an era of essentially free money in Japan, a flurry of dealmaking and the AI…
Sea CEO Li Sees Path to $1 Trillion Market Cap With Help of AI
Sea Ltd. founder Forrest Li told employees a trillion dollar market capitalization — an increase of about 10…
Saudi Arabia’s $320 Billion Pension Fund Names Ex-Banker as CEO
Saudi Arabia’s $320 billion pension fund manager has hired the former head of local investment bank Riyad Capital…
BCE to Save $1.1 Billion, Expand Internet Service Westward
BCE Inc. plans to save C$1.5 billion ($1.1 billion) in costs and expand home internet services in western…
Stocks Show Little Geopolitical Worry After $16 Trillion Rally
It’s long been a somewhat unseemly fact about financial markets: They, and the humans who make them whir,…