Bessent to propose major overhaul of regulatory body created from financial crisis
In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council.
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Private capital-backed Mollie buys GoCardless for €1.5bn
Dutch payments group aims to create new European fintech
Bulgarian PM Rosen Zhelyazkov resigns weeks ahead of entry to euro
Move follows widespread public protests against the parties backing his fragile pro-European government coalition
ECB considers ditching AT1s to ‘increase quality’ of banks’ capital
Europe’s top banking watchdog says current regulation is too cumbersome and risks backfiring
Oracle shares slide on $15bn increase in data centre spending
Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet
US stock futures slide after Oracle results disappoint
US database company’s earnings published on Wednesday fell short of forecasts amid concerns over AI boom