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...It uses 25,000 graphics processing units to power its research, underscoring the importance of processing power for running its algorithms....
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...Theodora Hadjimichael, chief executive of Responsible Finance, welcomed the pledge and called on other mainstream lenders to follow suit....
...(ICBC), as well as Allied Irish Banks and Dutch lender ING, according to people familiar with the matter....
...That tumult played into the hands of nonbank lenders such as Atlas SP, enabling it to make loans that banks would not....
...BoE regulator Rebecca Jackson said on Tuesday that lenders should routinely stress test their exposure, but “hardly any banks do it well”....
...The announcement follows a commitment from Amazon’s cloud service, Amazon Web Services, to invest $11bn in a data centre campus in northern Indiana on Thursday....
...The T+1 shift is not just something for the “processing people” to fix....
...However, Amex is the only other of these that is both a lender as well as network....
...Speaking at the lender’s annual general meeting in Basel on Wednesday, Kelleher argued that holding additional capital would put Swiss banks at a disadvantage to US and Asian competitors....
...In 2017, Kotak Mahindra launched its digital banking service called 881, which now accounts for about 95 per cent of its personal loans by volume....
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...Negotiations between highly indebted IT services company Atos and its lenders are hanging in the balance after one of its biggest creditors, Crédit Agricole, signalled it wanted to walk away....
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
...However, the lender’s private and corporate banks both suffered falling revenues....
...Corporate results: French company TotalEnergies, London-based lender NatWest, UK education services company Pearson and British-American consultancy Aon will release first-quarter results....
...Chang’s and business technology provider Computer Services Inc....
...Citigroup reported better than expected quarterly profits as the bank said it was on track to shed 7,000 jobs this year, a sign that the revamp of the US’s fourth-largest lender may be starting to pay off...
...A small German mortgage lender has become one of Europe’s most bet-against stocks as it battles a surge in souring loans tied to US commercial property....
...Citigroup analyst Andrew Coombs said the lender had delivered “a solid set of results, which should be well received”....
...About 70 per cent of groups surveyed told the umbrella body for the voluntary sector in England they were considering no longer delivering public services....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...The world’s largest commodity traders are investing heavily in data processing and analysis in a race to develop a technological edge over rivals....
...PNC, the Pittsburgh-based regional lender, reported that lending dropped by $4bn or 1 per cent....
Proposals would demand asset managers show they are not seeking to control lenders in which they have large stakes
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