Top banking watchdogs issue stark warning over AI-driven cyber attacks
IT weaknesses could be exploited by frontier models in a ‘matter of minutes or hours’, say ECB and ESRB
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China gives its investors more access to bonds in Hong Kong
Authorities raise quota for offshore ‘connect’ scheme in bid to boost international use of renminbi
UAE’s Adnoc strikes $1bn deal for Shell’s South African fuels business
Acquistion of 580 service stations and other assets marks latest overseas expansion by Adnoc subsidiary
Growing UK pension surpluses fuel debate over what to do with excess funds
Corporate defined benefit schemes have seen an improvement in funding levels since 2019 thanks to rising gilt yields
HSBC pulls back from riskier private credit lending
Europe’s biggest bank told some clients in recent weeks that it would not renew facilities