Will the recent banking chaos lead to an economic crash? – The Economist
How quickly things change. A few weeks ago analysts were convinced the global economy was powering ahead. Now they worry about a deep recession caused...
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Banks face a tough choice over crypto – The Financial Times
When First Citizens Bank agreed over the weekend to buy most of what is left of Silicon Valley Bank, there was one thing it absolutely...
Do Instagram and TikTok mean banks are less safe? – BBC News
In the original Mary Poppins film, the nine year old Michael Banks accidentally starts a bank run by demanding back his tuppence coin. The dynamics...
Eurozone Banks Cut Lending Even Before Latest Financial Turmoil – WSJ
European banks cut lending to businesses last month even before the demise of Silicon Valley Bank and Credit Suisse shook global financial markets. Fears about...
Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan – WSJ
Mickey Mouse has left the metaverse. Walt Disney Co. DIS -0.84%decrease; red down pointing triangle has eliminated its next-generation storytelling and consumer-experiences unit, the small...
Inflation in UK Shops Hits Record High With More Pain Ahead – Bloomberg
Prices in UK stores have soared to another record high in a sign that the cost-of-living crisis is far from over. The inflationary crunch has...
Generative AI set to affect 300mn jobs across major economies – The Financial Times
The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to...
Europe’s banks are still at risk, regulator warns – CNN
Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Valley Bank in the...
Where Financial Risk Lies, in 12 Charts – WSJ
The sudden collapse of Silicon Valley Bank was driven in part by assets that lost value when interest rates rose from near zero. Higher rates...
Microsoft Threatens Data Restrictions In Rival AI Search – Bloomberg
Microsoft Corp. has threatened to cut off access to its internet-search data, which it licenses to rival search engines, if they don’t stop using it...