Josh Martin and Julian Reynolds How much have higher import prices increased consumer prices in the UK and euro area? This post explores this question using a framework grounded in some fundamental economic and national accounting concepts. Starting with the...
Ally Financial and Brex rolled out AI-driven virtual assistants this week. Ally debuted a customer representative assistant to help service team members aid clients more efficiently while Brex’s virtual assistant aims to help employees of commercial clients file and manage...
TORONTO — Eighty percent of queries across Citigroup’s 96-country network — which includes more than 200 million clients — are payment status queries. Pre-validation capabilities could bring that number down for banks, Debopama Sen, co-head of global payments and receivables...
Receive free Lex updatesWe’ll send you a myFT Daily Digest email rounding up the latest Lex news every morning.UK bank shares are putting in a depressing performance this year. Profits have climbed and share prices have outrun the broader market....
NatWest is deepening its ties with Amazon Web Services to leverage the IT solutions provider’s generative AI capabilities. By the end of 2027, the $886 billion bank aims to use AWS’ generative AI to help nearly 10 million people manage...
TORONTO — Forty-three percent of the audience identified cybersecurity as the No. 1 risk management concern, according to a poll taken Monday during a risk-management session at the Sibos 2023 event this week. “Our ability to succeed in payments over...
Receive free Goldman Sachs Group updatesWe’ll send you a myFT Daily Digest email rounding up the latest Goldman Sachs Group news every morning.Goldman Sachs has entered into exclusive talks with a consortium of investment firms to sell its GreenSky business...
Deutsche Bank is struggling with the fallout from the most ambitious and fraught IT integration in its history, including customers being locked out of their accounts. The bank said in July that the migration of 12mn Postbank clients and 50bn...
For an indication of how India has become a new hunting ground for international investment banks, look no further than Jefferies.The US financial group previously had a minor presence in the world’s most populous country and was better known for...
Silicon Valley Bank’s integration with First Citizens Bank is going “better than expected.” Acquiring Silicon Valley Bank (SVB) in March was an opportunity for First Citizens Bank (FCB) to go beyond traditional banking, Christopher Hollins, head of solution sales...
