1+ hour, 32+ min ago   (638+ words) Professions and human ingenuity naturally evolve over time. Over the past 100 years, banking has transformed from an endeavour for the few mostly shaped by personal judgment, to a data-fuelled, tech-supported, heavily regulated activity tightly bound up with economies, communities and…...

6+ hour, 22+ min ago   (1767+ words) For most of human history, money could be touched, and trade was a face-to-face activity. Trust was personal and banking was physical, with money moving only as fast as people or ships could carry it. From around 3000BC in Mesopotamia, accounts,…...

1+ day, 1+ hour ago   (78+ words) The Financial Conduct Authority has launched a wide-ranging review into the effect of advanced artificial intelligence on banks" business models and their risk management. The Mills Review, led by FCA executive director Sheldon Mills, is seeking views on how AI…...

2+ day, 55+ min ago   (99+ words) The controversy over credit rating agencies" alleged bias against African corporates and sovereigns took a new turn last week, with Afreximbank"s decision to sever ties with Fitch Ratings. Yet attempts to rectify matters via the launch of a new…...

2+ day, 1+ hour ago   (159+ words) Lenders face a choice: keep funds on balance sheet or embrace open networks Banks are standing at a digital crossroads. As customer demand for faster, programmable money grows, lenders are questioning how to explore digital assets and whether to embrace…...

2+ day, 8+ hour ago   (87+ words) Banks must overhaul decades-old technology on which their traders rely or risk falling behind faster-moving rivals, the CEO of communications technology provider Symphony has warned. Ben Chrnelich told the Following the Rules podcast that, amid a wider push to modernise…...

3+ day, 14+ hour ago   (1057+ words) An article from The Banker archives, republished to celebrate our 100th anniversary Silvia Pavoni assesses the consequences of the Covid-19 pandemic on global economies, and how governments and populations will likely respond once the coronavirus eventually recedes When her architectural studio…...

1+ week, 1+ hour ago   (129+ words) US President Donald Trump has dropped his threat to impose tariffs on European countries that opposed his plans to gain control of Greenland and said he would not use force to seize the territory. In a social media post on…...

1+ week, 1+ day ago   (126+ words) The second reading of the UK's Cyber Security and Resilience Bill in Parliament on January 6 sparked immediate debate both among politicians and those in the banking sector. MPs clamoured for the upcoming legislation to be widened to encompass more organisations…...

1+ week, 2+ day ago   (120+ words) An abrupt crash in AI stocks could spill over and damage global household wealth, the IMF has warned, despite the global economy being "remarkably resilient" in the face of geopolitical tensions and tariff shocks. A combination of the geographic concentration…...