Silicon Valley takes stock of the AI bubble
Plus, Karel Komárek, the man bringing the fight to US gambling giants
UK
Swiss court ruling has left a big unknown over Credit Suisse saga
Decision on wipeout of $17bn of AT1 bonds raises questions over impact on UBS
Crispin Odey polls former staff to canvass support ahead of libel case
Several recipients said they were left uncomfortable by email soliciting their backing in fighting sexual misconduct allegations
Investors warn on leveraged loan risks after First Brands collapse
Rapid growth of $2tn market has led to hastily done deals and hurried due diligence, say fund managers
Banks failing to curb rise in romance fraud, says UK watchdog
FCA identifies ‘multiple instances’ where banks and payments companies missed suspicious transactions
Josh Wander, who tried to buy Everton, charged with fraud
Head of Miami-based investment firm 777 Partners alleged to have ‘defrauded lenders and investors out of nearly $500mn’
US regional bank shares sink on credit worries after fraud disclosures
Western Alliance and Zions Bank disclose exposure to alleged fraud
Debt slicing and dicing may make the financial system sturdier
The First Brands and Tricolor bankruptcies are best understood as a window into the modern credit value chain
German Chancellor Merz calls for single European stock exchange
Endorsement comes after Berlin signals readiness to allow more centralised markets supervision
The real reason abolishing stamp duty won’t help first-time buyers
sirtravelalot/ShutterstockScrapping stamp duty may sound like a quick fix to Britain’s housing crisis, but there’s reason to believe it would barely move the needle on affordability – while costing the Treasury billions.
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