UK axes cap on bankers’ bonuses – The Financial Times
The UK has said it will scrap a cap on bankers’ bonuses that was inherited from the EU as part of its post-Brexit push to
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PODCAST: Why the AI Gold Rush Is Causing College Students to Drop Out
Students are leaving college early to launch their own AI startups. WSJ reporter Lindsay Ellis joins host J.R. Whalen to discuss why they feel now
Cracking the correspondent banking code
According to a 2018 Financial Stability Board report, the number of correspondent accounts declined by 15.5% from 2011 to 2017, which is of growing concern
UK unemployment rises to 4.2%, according to official data – The Guardian
Unemployment is up in the UK, according to new “experimental” official data that showed a 0.2% rise in the three months to the end of
The Economy Was Supposed to Slow by Now. Instead It’s Revving Up – WSJ
Earlier this year, economists and Federal Reserve officials predicted that the U.S. economy would be sputtering by now as higher interest rates cut into spending
ESG investing is dying on Wall Street. Here’s why – CNN
The market for environmental, social and corporate governance, or ESG, investing is fundamentally broken. The numbers speak for themselves. The cumulative flow of investments into
AI firms must be held responsible for harm they cause, ‘godfathers’ of technology say – The Guardian
Powerful artificial intelligence systems threaten social stability and AI companies must be made liable for harms caused by their products, a group of senior experts
Building trust in a digital world – Independent
Trust takes years to build, seconds to break and forever to repair – but digital businesses can work to build and maintain the trust of
New Look at Global Banks Highlights Risks From Higher-for-Longer Interest Rates
Central banks could keep interest rates higher for longer as they fight to curb inflation that remains stubbornly high in many countries—and slow their economies
European banks to reveal profit boost from higher rates – The Financial Times
European banks will reveal a boost to profits from higher interest rates when they report results this week, but face pressure to find new engines