Global financial regulators have laid out plans for closer monitoring of AI risks as banks and other parts of the financial industry ramp up its use.
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Tag: banks
US watchdog issues final rule to supervise Big Tech payments, digital wallets
Silicon Valley tech giants who process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision.
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Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
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Israel Targets Hezbollah Banks
with Dani Naveh
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S&P 500, Dow rise on boost from big bank earnings
The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.
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Exclusive: Fed may tweak rule that could save biggest US banks billions
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
Read More Exclusive: Fed may tweak rule that could save biggest US banks billions