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The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary leverage ratio” that determines the amount of capital banks must hold against relatively low-risk assets.
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The Fed board voted 5-2 to advance the proposal, Reuters reported Wednesday.
The board’s vote means that the proposal will now be open for...
Apple is reportedly set to propose making it easier for third-party developers to send customers outside of its App Store to make software purchases in order to avoid additional penalties being imposed by European Union regulators.
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The company’s proposal is due Thursday (June 26), Bloomberg reported Wednesday (June 25).
EU regulators ruled in April that Apple violated...
It’s easy to assume that every corporate problem has an AI-first solution just waiting in the wings.
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But as geopolitical unrest, tariff turbulence and continued volatility disrupt global logistics, many CFOs are finding that their biggest supply chain breakthroughs don’t come from artificial intelligence (AI). They come from a renewed focus on financial fundamentals....
Investment group Norrsken VC has pledged $348 million to AI startups focused on climate change.
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The venture capital firm, started by Klarna co-founder Niklas Adalberth, plans to invest in artificial intelligence (AI) companies alongside its early-stage funds Norrsken Accelerator and Norrsken Launcher, Bloomberg News reported Wednesday (June 25).
“We would love to see AI...
SoFi says it has added “crypto-powered capabilities” to its digital financial services.
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The company announced the new addition to its services Wednesday (June 25), saying it would be the first of many new cryptocurrency and blockchain-related offerings.
“More people are turning to crypto than ever before to pay, invest, and transfer money faster, safer, and for a...
The effects of the Sarbanes-Oxley Act (SOX) are being discussed Wednesday (June 25) in a hearing held by the House Financial Services Committee’s Capital Markets Subcommittee.
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The hearing is focused on how some provisions of SOX affect public companies and capital markets, the Committee said in a Wednesday press release.
Subcommittee Chair Ann Wagner, R-Mo., who is...
Finite opportunities in private credit are creating public, high-yield debt opportunities, J.P. Morgan Asset Management CEO George Gatch said, according to a Wednesday (June 25) Bloomberg report.
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Gatch made the comment as J.P. Morgan unveiled its J.P. Morgan Active High Yield ETF in a Wednesday press release. The fund will devote at least 80% of its portfolio to junk-...
French supermarket giant Carrefour is accelerating its digital transformation by creating the next generation of connected stores, with artificial intelligence (AI) embedded in its omnichannel retail strategy.
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“AI technology is at the core of the strategy,” said Emmanuel Grenier, group eCommerce, data and digital transformation director at Carrefour, during a...
Visa and GiveCard partnered to help nonprofits and government agencies implement digital disbursement programs.
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The collaboration will bring together Visa’s prepaid debit cards and GiveCard’s disbursement technology, creating a turnkey solution for state and local governments, school districts and nonprofits, the companies said in a Wednesday (June 25) press release....
Google has introduced an artificial intelligence (AI) assistant designed to help developers.
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Gemini CLI (command line interface), announced Wednesday (June 25), is an open-source AI agent that offers “lightweight” access to the company’s Gemini model. Despite its name, however, Google says the tool is designed for coding as well as tasks like content generation, deep...