FINANCE & BANKING

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

Goldman Sachs upgrades Palantir to 'Buy', citing rising demand for sovereign and customised AI, but questions remain over the stock's lofty valuation and rivals.

Elon Musk has suggested SpaceX could eventually be worth orders of magnitude more than the global economy, but provided no valuation, timetable or evidence to support the prediction.

The OCC fined American Express $350 million after finding AML failures left $13 billion in suspected activity inadequately identified and reported.

London remains just behind New York in the latest Global Financial Centres Index, but sharp gains by Gulf hubs highlight growing competition and the need for long-term strategic planning.