FINANCE & BANKING

Anthropic's S-1 outlines AI infrastructure commitments through 2045, while outside estimates and power needs raise financing questions for investors.

Anthropic's IPO filing shows $80.7B in first-half 2026 net losses against $16.3B in revenue, with accounting adjustments, computing costs and infrastructure commitments posing significant risks.

Barclays plans to eliminate around 5,000 jobs worldwide by the end of 2026, with most cuts affecting support functions as the bank expands technology investment and seeks efficiency savings.

US banks are restricting AI agents from customer accounts amid concerns about unauthorised transactions, security risks and payment liability

Mark Zuckerberg considered leaving California over a proposed $11 billion wealth tax, despite earning a $1 annual salary from Meta.

US banks are blocking third-party AI agents from customer accounts, including tools given login details by users, while exploring controlled access.

The financing will support Solcoa One, the company's first commercial rare earth metallization plant, as founding team member Laurynas Veckys works across the commercial and operational decisions needed to turn planned capacity into qualified U.S. supply.

Visa and Mastercard propose a $167.5 million ATM-fee settlement for eligible US cardholders. Claims must be filed by 10 February 2027.

JPMorgan CEO Jamie Dimon warns AI agents could mishandle bank payments and says the bank is blocking unauthorised external agents from customer accounts.

Skydance shares fell as warrants began trading separately, while weaker bonds and debt forecasts put the $110 billion (£82.5 billion) acquisition's savings targets in focus.

ING will stop accepting new applications for Savings Maximiser on 1 December 2026, although existing customers can keep their accounts and continue earning interest under current conditions.

OCC report finds nine major US banks had policies that may have restricted services based on political or religious views and lawful business activities.

When comparing personal loans, borrowers should assess the effective interest rate, fees, repayment term and total amount repayable rather than relying on the advertised rate alone.

Bank of America admitted to wilfully breaking US anti-money laundering law as the Treasury hit it with a $1.2 billion penalty over suspicious transactions tied to foreign laundering networks.

Bank of America faces over $1.21 billion in US penalties after regulators found anti-money laundering failures and delayed reporting of suspicious activity.

US and European regulators are intensifying scrutiny of banks' AI use, focusing on autonomous systems, cyber recovery, third-party providers and threats to financial stability.

Geoff Ogunlesi married Jennifer Meyer in Hawaii. Discover his music management career, artist credits and family background, including billionaire father Adebayo Ogunlesi