Finance-specific LLMs promise workflow automation
The generative AI boom may be in its infancy, but financial institutions are already looking into how they can implement ...
Tag: Bloomberg
PayPal’s 80% stock plunge hasn’t soured Wall Street
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down. ...
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, ...
Fintech Brex’s revenue surges after regional bank turmoil
Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The ...
Venture firm QED raises $925M for fintech investing
QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for ...
PacWest says in talks with potential partners after share plunge
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to ...
The Fed raises US rates by a quarter point, signaling possible pause
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in ...
First Republic plunges on expectation of seizure by FDIC
First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be ...
Deutsche Bank renews effort to shrink Russian IT operations
Deutsche Bank AG is reviving a push to cut reliance on its IT center in Russia as it seeks to ...
Europe tech startups doubled debt financing in fundraising shift
European technology startups nearly doubled the amount of debt they took on last year, leaving them increasingly dependent on financing ...
