Biden says it stays to be seen whether or not AI is harmful
WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday mentioned it stays to be seen whether or not synthetic intelligence…
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Banks too reluctant to faucet money buffers in a disaster, Financial institution of England says
LONDON, April 3 (Reuters) – Banks are overly reluctant to faucet their money buffers in unstable markets, fearing hostile response…
Swiss sight deposits fall, suggesting Credit score Suisse, UBS took much less emergency assist
ZURICH, April 3 (Reuters) – Sight deposits held by the Swiss Nationwide Financial institution declined final week, knowledge confirmed on…
UPDATE 1-Axis Financial institution CEO flags dangers of slowing financial progress
(Provides CEO feedback from report, particulars and background) BENGALURU, April 4 (Reuters) – Axis Financial institution Ltd Chief Govt Officer…
Britain’s banks urge Financial institution of England to maintain small firm capital rule
LONDON, April 3 (Reuters) – Forcing banks to put aside extra capital in case loans to small and medium-sized corporations…
Evaluation-Grievances mount in Europe with future wealth unsure
By Mark John (Reuters) – In separate speeches final 12 months, the leaders of France and Germany warned their residents…
StanChart completes deliberate redemption of $1 bln shock-absorbing bond
LONDON, April 3 (Reuters) – Customary Chartered (STAN.L) has redeemed a $1 billion so-called further tier one (AT1) bond in…
EY fined, banned from some audits in Germany over Wirecard scandal
BERLIN, April 3 (Reuters) – Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named within the firm’s…
Goodyear wins reversal of $64 mln loss in tire trade-secret case
By Blake Brittain (Reuters) – Goodyear Tire & Rubber Co satisfied an Ohio federal decide on Friday to throw out…
UBS and Credit score Suisse shares drop as Swiss prosecutor investigates takeover
LONDON, April 3 (Reuters) – Credit score Suisse (CSGN.S) and UBS (UBSG.S) shares fell on Monday after Switzerland’s federal prosecutor…