Technology

Silicon Valley Bank and Fed Supervisors: What's Known so Far

A team of 20 bank examiners at the San Francisco Federal Reserve took over day-to-day supervision of Silicon Valley Bank in the second half of 2021, after the bank’s growth pushed its assets above the $100 billion mark that triggers more intense oversight. Soon after, supervisors began calling out problems at the bank, but only […]

U.S. Prosecutors Move to Drop Libor Case Against ex-SocGen Bankers

U.S. criminal charges should be dropped against two former Societe Generale SA bankers for allegedly trying to rig the London interbank offered rate, prosecutors told a New York court on Wednesday. Muriel Bescond, a former head of Societe Generale SA’s Treasury desk in Paris, and her boss Danielle Sindzingre, who was SocGen’s global head of […]

Quantum Computing in Banking: Is any of It a Good Idea?

As we speak, our traditional trust-based banking system is crumbling down like a house of cards. Most experts hope that blockchain-based finance, or in other words, no-trust finance, will salvage the economy. Now, more than ever before, people are careful where they invest their money. But with the threat of malicious quantum computing use cases, […]

Yuan vs. Dollar: The Battle for Global Supremacy

As the world’s two largest economies, the United States (US) and China have been engaged in a game of economic tug-of-war for decades. But for all that, recent developments suggest that the struggle for global supremacy between these superpowers may be taking on a more political dimension.   With China extending its political reach toward countries […]

Eleven EU Countries Push to Keep Nuclear Out of Renewable Energy Goals

Energy ministers from eleven European Union countries, led by Austria, on Tuesday formed an alliance to push back attempts by France and others to count nuclear energy towards the bloc’s renewable energy goals. Calling themselves the ‘Friends of Renewable Energy’, the governments aim to fend off attempts by a rival alliance – led by France, […]

Crown Resorts Says Ransomware Group Claims Accessing Some of Its Files

Crown Resorts said on Monday a ransomware group had contacted the company, claiming that they had gained access to some files related to Australia’s biggest casino operator following a data breach at a file transfer service GoAnywhere. “We were recently contacted by a ransomware group who claimed they have illegally obtained a limited number of […]

SVB Deal Helps to Steady Banks Amid Credit Crunch Concerns

A buyer for Silicon Valley Bank’s deposits and loans helped shares in European lenders mount a partial recovery on Monday, after the sector was hammered last week by worries of systemic bank stress and a credit crunch. There are also hopes for extra support for bank funding, after Bloomberg News reported U.S. authorities were in […]

Predictive Agriculture Is Planting the Seeds for Sustainability

Predictive agriculture is the future of farming, utilizing advanced technologies to streamline crop management and increase yields. By harnessing the power of data analytics, machine learning, and other cutting-edge tools, farmers can now make informed decisions about everything from planting to harvest. They can better understand weather patterns, soil conditions, and plant health indicators with […]