Tag: Banking

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Commerzbank sees strong 2022

Commerzbank swung to better than expected fourth-quarter. And that is despite a major haul over their annual net profit. Profit this year will exceed 1...

Commerzbank shares fall after finance minister says govt to shed stake in future

Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade. This is after Germany’s Finance Minister said that the government would not keep its stake...

ECB tells banks to step up defences against hacks

The European Central Bank is telling euro zone banks zone to step up their defences against cyber-attacks. The ECB’s supervisor stated that this is also in...

ECB’s Kazaks says July rate hike is unlikely

The European Central Bank could end its stimulus programme earlier than planned. ECB policymaker Martins Kazaks told that it is unlikely to raise its main interest...

Big Credit Suisse investor hopeful for bank’s turnaround

One of the largest shareholders of Credit Suisse hopes the bank‘s new chairman, Axel Lehmann, can steer the embattled lender through a turnaround. This is...

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China’s AI Stock Boom Collapses as $480 Billion in Market Value Is Wiped Out

China’s artificial intelligence and semiconductor stocks have suffered a...

Trump Says US Crackdown Has Prevented Billions in Losses From Overseas Scams

US President Donald Trump said his administration has made...

Palantir Assures Europe NATO’s Military AI System Cannot Be Switched Off Amid US Technology Concerns

US software company Palantir Technologies has sought to ease...

Anthropic Reports $80.7 Billion First-Half Loss as AI Infrastructure Costs and IPO Scrutiny Intensify

Anthropic, the San Francisco-based artificial intelligence company behind the...

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