In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
Category: Banking and Financial Institutions
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Banks Warned About Anthropic’s New, Powerful A.I. Technology
The New York Times – Business: -
Bessent and Powell’s A.I. Anxiety
The New York Times – Business:The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The New York Times – Business:The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
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I.M.F. Says Iran War Will Drag Global Growth Lower
The New York Times – Business:Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The New York Times – Business:The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children
The New York Times – Business:The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
The New York Times – Business:In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok
The New York Times – Business:Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.
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Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles
The New York Times – Business:Investors in the struggling Wall Street lender put in record requests to get their money back.
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Private-Credit Wobbles Could Prove Perilous for Trump
The New York Times – Business:The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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Bank of America Pays $72.5 Million to Settle Lawsuit by Epstein Victims
The New York Times – Business:The suit claimed the bank had overlooked signs that Mr. Epstein’s accounts were being used to further his abuse of young women.