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Microsofts Latest AI Race
Microsoft is moving swiftly to consolidate its position in the AI race.
Author: Mark Townsend
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Switzerland’s National Bank Faces Historic Loss
The Swiss National Bankprojects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.
Capital Raising & Corporate Finance
Microsoft Seals LSE Cloud Deal
Microsoft’s investment in LSEG comes at a time when big tech names like Google, Amazon and IBM are increasingly engaged in an arms race to deepen relationships with financial firms.
Economics, Policy & Regulation
The UKs Second Big Bang
Britain repeals post-2008 banking reforms, including the cap on bonuses for bankers.
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Ripple Labs Push Into Africa
Ripple Labs hopes to facilitate real-time crypto-enabled payments in 35 African countries.
News
Federal Reserve Participates In Digital-Dollar Pilot
Citi, HSBC, Mastercard and Wells Fargo are among financial companies collaborating with the New York Fed’s Innovation Center in a proof-of-concept pilot using digital dollar tokens.
News
BNY Mellon’s Digital Custody Push
Analysts say the move by America’s oldest bank is further acknowledgment of the role of cryptocurrencies in global financial markets.
News
Iraq: New President And Prime Minster Appointed
The appointments may bring the political instability and violent clashes that erupted after the 2021 elections to an end.
News
France To Appoint Envoy For Sovereign Funds
Although the precise remit has not been defined, the envoy will focus on the major funds in the Persian Gulf.
News
Suez Canal Imposes Transit Fee Increase
From January 1, 2023, tolls will increase by 15% for vessels including oil tankers, and 10% for dry bulk and cruise ships.
News
ADB: China Can Probably Stand On Its Own
In a sign of China's risingstrength, theAsian Development Bank announced it may stop lending to the world's second largest economy.
Capital Raising & Corporate Finance
Open Banking: Security Issues Remain Despite Growth
The growth of open banking continues to be limited by banks' aversion to risk and security concerns.