The rapid expansion of private credit established the asset class as an alternative for portfolio diversification. However, its lack of public transaction data has historically posed valuation challenges. According to a report by the Investment Company Institute (ICI), this landscape is changing rapidly as market infrastructure matures, standardized secondary trading develops, and advanced artificial intelligence…
Bank of America has added new generative artificial intelligence capabilities to EricaAssist, an AI agent that works alongside the bank’s customer service representatives during calls. The new AI capabilities enable EricaAssist to deliver relevant insights in under three seconds, without interrupting the flow of the conversation, and help customer service representatives provide clients with more personalized…
Top 20 firm CliftonLarsonAllen announced it is working with AI-focused accounting platform Digits to develop and train its own proprietary AI model, which will be deployed across the firm, starting with its client accounting and advisory services practice. Digits will be an option within the firm’s CAAS service platforms for its clients. Processing Content “This…
Zhongji Innolight targets $7bn in Hong Kong share sale
Young adults are re-sparking interest in a throwback technology.
Russell Vought, acting director of the Consumer Financial Protection Bureau and director of the Office of Management and Budget.Bloomberg News Processing Content Key insight: GOP lawmakers said temporary executive changes are insufficient, and permanent changes to the Dodd-Frank Act are needed to rein in a future Democratic administration. What’s at stake: Acting CFPB Director Russell…
A Park Slope townhouse with a private driveway and a two-car garage topped Brooklyn’s luxury market last week. The home was one of 18 — nine condos, one co-op and eight single-family homes — asking at least $2 million to find a buyer, according to Compass’ weekly contracts report from July 13 to July 19….
(RTTNews) – Indian shares are seen opening on a cautious note on Wednesday as investors weigh geopolitical and trade tensions against positive global cues. Pharma stocks could be in focus after U.S. President Donald Trump announced a phased tariff plan on imported generic medicines. Under the proposal, generic drugs imported into the U.S. will continue…
Ex-NFL player Feely projected to win Arizona’s first district U.S. House primary
Angela Rayner has been appointed as Housing Secretary in Andy Burnham’s new cabinet. For Rayner it is a return to a role she held before resigning last year over a tax matter related to a property transaction. As Housing Secretary, Rayner played a key role in implementing the Renters’ Rights Act. Her appointment follows Steve…