European Banks Brace for AI-Driven Job Cuts and Merger Wave
European bank stocks rally as AI job cuts and merger wave promise higher profitability and sector consolidation.
European bank stocks rally as AI job cuts and merger wave promise higher profitability and sector consolidation.
RBC Capital's Derek Neldner pushes back on AI replacing junior bankers, signaling limited near-term cost cuts and steady demand for human talent…
Stand With Crypto UK's campaign against bank transfer bans highlights growing friction between traditional finance and crypto adoption, as 280,000 holders demand…
Japan's SBI Shinsei Bank introduces crypto voucher rewards on yen deposits, allowing customers to earn Bitcoin, Ether, or XRP through partner exchange…
Intesa Sanpaolo's CEO suggests Monte Paschi could act as a catalyst for European banking M&A, boosting sentiment in Italian and European financial…
Citigroup appoints Mehta to lead portfolio management in its Treasury, bolstering its balance sheet strategy and risk management capabilities.
AI exposes a four-year-old flaw in Zcash, prompting warnings from security experts that comparable vulnerabilities could threaten other cryptocurrencies and traditional banking…
China permits some banks to pay higher interest on dollar deposits, signaling efforts to manage capital flows and support the onshore dollar…
Senator Cynthia Lummis spearheads a Republican effort to clarify how banks must account for digital assets on their balance sheets, aiming to…
Goldman Sachs CEO David Solomon discusses AI's role in enhancing bank operations, driving cost savings and new revenue streams.
Goldman Sachs Japan chief pins growth on new leadership appointments, targeting corporate dealmaking and trading expansion.
Anthropic, the AI startup, picks Morgan Stanley and Goldman Sachs to lead its IPO, signaling strong demand for AI listings and potential…