Stefan Pildes was charged in April 2026, in New York, with wire fraud for allegedly taking money destined for charities. AP Photo/Larry NeumeisterNonprofit fraud is in the news a lot these days.
Popularity of UK and European funds that use derivatives contracts to generate income soars in two years
The European Commission released on Thursday its latest spring forecasts, projecting that Greece’s economic growth will slow gradually over the next three years as higher energy prices weigh on household incomes and consumer spending.
Revenue and profits fall at UK neobank as it looks to accelerate global expansion
It may seem petty, but bankers are obsessed with who gets IPO top billing
Group’s move set to intensify competition among lenders and fintechs chasing rich customers
Investment site says proposed rules could deter first-time investors
Three separate interventions - Kyriakos Mitsotakis’s extensive interview on the Financial Times’ Rachman Review podcast, Defence Minister Nikos Dendias’s remarks at a discussion in Athens organised by the Kyklos think-tank on Wednesday, and former foreign minister Dora Bakoyannis’s warning about Turkey’s emerging “Blue Homeland” legislation - delivered a cohesive message to Europe, reflecting Greece’s belief that that the EU needs to step up on strategic and defensive matters.
Artificial intelligence (AI) is rapidly transforming financial decision-making. To explore the implications for financial stability we ran simulation-based experiments on two different AI architectures. We found that Q-learning algorithms, a form of reinforcement learning, achieved a high degree of coordination, but were prone to bank run-like dynamics. In contrast, large language models , which rely on contextual reasoning, were less prone to such runs but generated heterogeneous and unpredictable behaviour.
JPMorgan chief says US is ‘still a safe haven’ even though it ‘surprised people recently’
