Artificial intelligence risks amplifying financial stability risks and undermining trust in banks, a Bank of England analysis concluded as global leaders and businesses prepare for a crucial summit on containing the technology.
Stock futures trimmed gains after hotter-than-estimated inflation data bolstered speculation the Federal Reserve will keep interest rates higher for longer.
Metro Bank Holdings Plc said it has secured sufficient consent from its bondholders to extend its senior debt and restructure its junior notes as part of a rescue deal agreed over the weekend.
DeepMind Technologies Ltd., the artificial intelligence research company owned by Alphabet Inc., said it slashed expenses related to its staff by 39% last year as its parent company grappled with a sinking share price.
Nearly three out of four organizations said return-to-office policies could prompt boardroom battles, according to a new survey of US workplace leaders, showing how senior management doesn’t always see eye to eye on the issue.
NATO Secretary General Jens Stoltenberg cautioned that any deliberate damage to the alliance’s critical infrastructure would warrant a response after an undersea gas pipeline was ruptured in a suspected act of sabotage in Finland.
Jurors in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange.
Israeli jets struck Hezbollah targets in Lebanon after the militia launched guided missiles at an Israeli army post in spreading violence.
South African private equity firm Harith General Partners agreed to buy a 46% stake in larger rival Mergence Investment Managers.
Moelis & Co. co-founder and former chief operating officer Elizabeth Crain is leaving the firm at the end of the first quarter of 2024, Ken Moelis said in a memo to employees on Wednesday.
