Fraudsters used artificial intelligence to clone a lawyer’s voice and convinced Fideuram’s then-chairman Paolo Molesini to transfer €95 million abroad.…
Read More
ECB launches Pontes, settling tokenized securities with central bank money
The European Central Bank launched Pontes on Sept. 21, a settlement rail allowing qualified institutions to finalize tokenized securities transactions…
Read More
$15.1 Billion in Mergers Drives Regional Bank Takeover Hunt
Regional bank mergers hit $15.1 billion in the first half of 2026, the strongest six-month stretch in seven years. PNC…
Read More
ECB Predicts AI Bubble Burst Could Hit European Households Exposed to $480 Billion
European households face significant financial risk from a potential AI stock bubble burst, with roughly €440 billion invested in US…
Read More
ECB Warns €440bn European Savings Face US Tech Stock Meltdown
A likely correction in America’s overheated tech market could ripple far beyond Wall Street, and policymakers may lack the tools…
Read More
J.P. Morgan Strategist Picks AI Winners Over European Stocks While Spotting the Two Sectors Poised to Defy the Trend
Nataliia Lipikhina, Head of EMEA Equity Strategy at J.P. Morgan Private Bank, told CNBC's Ritika Gupta that she favors U.S.…
Read More
Abay Bank Joins Ethiopia’s Young Stock Exchange With $108 Million Market Debut as ESX Eyes 12 More Listings
Abay Bank S.C. listed on the Ethiopian Securities Exchange (ESX) Main Board on June 25, debuting at ETB 1,800 ($11.16)…
Read More
Laurentian Bank Bets on Canada’s Middle Class to Claw Back From $117.5 Million Loss
Laurentian Bank of Canada unveiled a new strategic plan on May 31, 2024, aimed at making the Montreal-based institution "stronger,…
Read More
Italy’s Banking Giant Intesa Sanpaolo Makes Surprise $35 Billion Move to Swallow Monte dei Paschi and Reshape Europe’s Financial Power
Italy's largest banking group, Intesa Sanpaolo, launched an unsolicited €30.6 billion ($35 billion) cash-and-share bid on Monday, June 8, to…
Read More
