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FDIC board postpones votes on rival proposals that have alarmed the fund management industry
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...Demand for Microsoft’s AI services boosted sales by 7 percentage points during the quarter, up from 6 in the previous quarter and 3 in the one before that....
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...Moreover, such institutions often accompany lending with advisory services to clients to build their capacity. Such factors may explain the lower defaults and superior recovery rates....
Proposals would demand asset managers show they are not seeking to control lenders in which they have large stakes
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US activist’s interest comes as London-listed SMIT has fallen out of favour
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...Its own generative AI-supported services will benefit from improvements that come from the public....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...A year ago, an expected economic downturn in the US hung over the sector, which was already grappling with a post-pandemic slip in demand for digital services....
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Trends in geopolitics force faster responses from legal teams
Takeover set to unite two of the US’s largest credit card companies and reshape industry
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