FINANCE & BANKING

SEC fines Merrill Lynch $7.5M after a risk-score threshold kept potentially suspicious activity from reaching human investigators for review.

AI voice cloning and a fake WhatsApp identity reportedly helped trigger $108M in transfers from Fideuram, leaving about €36M unrecovered.

Anthropic plans $518B in AI infrastructure commitments as it heads toward a potential $2T IPO after a $42B 2025 net loss.

Siddharth Jawahar, sentenced to 11 years for a $35 million Ponzi scheme involving Travis Kelce among its investors, sought to marry while in custody, prompting immigration concerns from prosecutors

Truist CEO Mike Lyons buys $1M in shares after the bank agrees to sell its near-prime auto-loan unit to Apollo for $5.5B.

AI agents could automate rate shopping and move household cash between accounts, challenging the low-cost deposits banks rely on to fund loans

Barclaycard blamed human error after a Manchester reader received another customer's emails and overdue payment notices for 13 months. It offered £200.

Looking for top prop firms with transparent rules in the UK? Check our top 5 list. We compared and ranked these firms based on certain metrics.

Roberto Masud discusses building Masud International Limited as an integrated advisory platform for complex cross-border transactions involving finance, law, regulation, capital and execution.

Howard Buffett becomes Berkshire Hathaway chairman after Warren Buffett steps down, taking responsibility for protecting the $1.1T company's culture.

Paramount is reportedly considering asking Elon Musk to join the investor group funding its proposed £83bn Warner Bros. Discovery takeover, following Larry Ellison's backing of X's acquisition.

US mortgage rates hit 7.12% as ARM applications climb, offering lower initial payments but exposing borrowers to future rate resets

Elon Musk joked about Berkshire Hathaway's Coca-Cola investment after its 400 million shares generated roughly £526 million in 2022, with annual dividend income projected to rise further.

Sir Evelyn de Rothschild led N M Rothschild through privatisation, international expansion and the City's Big Bang, preserving the family bank's independence until its 2003 merger.

The US House backs legislation to end penny production, round cash totals to five cents, and keep existing one-cent coins as legal tender.

OpenAI's ChatGPT for Financial Services automates research, modeling, and pitchbooks, helping cut down the 100-hour workweek and boost productivity with AI-driven financial analysis.

Tatsiana Masiuk, with extensive experience in international finance, served as a jury member for the Eurasian Entrepreneurship Award, assessing entries on financial logic, scalability, and regulatory resilience.