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The interventionist approach of the US government in forcing Anthropic to pull cutting edge model should worry Europeans
I thought the grass would be greener in fintech land, but it’s patchy and dreary
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The Federal Housing Finance Agency (FHFA) has delayed the implementation date of the adverse market refinance fee to December 1, following a wave of criticism from mortgage market participants. With more time to prepare before implementation, sources say the fee is a logical move on the part of the agencies to allow all players in the market to benefit from low mortgage rates, as well as shore up capital to cover losses stemming from the pandemic.
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Richard Gould is leaving CLSA, the international platform of China's Citic Securities, after spending less than 18 months as its chief executive.
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In this round-up, China’s official Purchasing Managers’ Index (PMI) for August misses expectations by a small margin, BlackRock becomes the first global asset manager to enter the mutual fund industry onshore, and the sale of TikTok’s US operations faces new challenges as Beijing tightens technology export controls.
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Two of the biggest sustainable finance organisations, the PRI representing investors and WBCSD for companies, are putting their heads together to try to solve two of the thorniest issues impeding progress in the field.
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This week in Keeping Tabs: the prospect of financial repression in the UK, an easier passage for emerging market central banks, and Alphabet partnering up with Swiss Re.
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The European Central Bank has requested that Banca Monte dei Paschi di Siena raise at least €250m of tier two capital before the end of this year, as part of the conditions of its sale of non-performing loans to Amco. Analysts say the bank might have to pay as much as a 9% coupon on the bond.
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