Fincen’s Andrea Gacki will join Citi as global head of sanctions, BBVA promoted Gonzalo Rodríguez to chief financial officer, HDFC Bank penalized three senior officials for their role in a controversial deposit arrangement, and more in this week’s banking news roundup.
The era of “tokenmaxxing,” pushing employees toward the biggest artificial intelligence (AI) models and the heaviest usage as if consumption itself were a sign of progress, is ending after two years of unchecked growth. That approach worked while AI spending was small enough to absorb without much scrutiny. It no longer is. Enterprise software once ran […]
Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. The article Two Ways to Invest in Anthropic Pre-IPO originally appeared on NerdWallet.
Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building will be reimagined as a residential community, with completion targeted for late 2027. Originally […]
After five years of stagnant dealmaking, the silver mining sector underwent an aggressive US$14.3 billion consolidation wave since 2024. Data compiled by Metals Focus shows that announced transaction values surged from a negligible US$244 million over the preceding five-year window to US$14.3 billion across 2024 and 2025. Market activity was heavily concentrated, with the largest […]
Key insight: The proposal would raise the credit limit imposed on insiders for the first time since 1979 and would establish an indexing system to ensure the threshold keeps pace with broader economic growth. Expert quote: “Community banks often face challenges recruiting experienced business leaders to serve as members of bank boards and as bank […]
A new report finds global fintech revenues topped $504 billion as sector growth outpaced traditional finance. This article appears in the July/August issue of Global Finance Magazine. A shift in sentiment is underway in the global fintech sector. Two years ago, the industry was still recovering from the post-pandemic fintech reset, which brought capital shortages, plunging […]
Freddie Mac’s retained portfolio inched back up but came nowhere close to catching up with Fannie Mae’s, bearing out a 2026 trend that stands in contrast to last year’s. Processing Content Freddie’s retained portfolio was $139 billion at the end of June, up from $137 billion the previous month and $97 billion year earlier. Fannie’s […]
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The Bank of England has maintained interest rates at 3.75% for the fifth consecutive meeting, as policymakers warned that inflation could rise again later this year due to ongoing geopolitical tensions. Governor Andrew Bailey acknowledged that inflation has fallen faster than anticipated but cautioned that the conflict in the Middle East continues to drive high […]