McKinsey Warns Banks Risk $170B Profit Decline From AI - TechRepublic

AI is a double-edged sword: it offers banks the potential to cut operating costs, yet could also disrupt traditional profit pools as customers use AI tools.

TechRepublic

💷 Need financial advice or support in Market Drayton? From local building society to Post Office, the town has everything to help you manage your money wisely — including a new Banking Hub!

👉 https://zurl.co/bid7R
#MakeItMarketDrayton #Finance #MoneyMatters #Banks

Auch Noahkai #Banks wird verwarnt. 🟨

28' | 0:3 | #FCARBL

No major banks have yet committed to stop funding new oil, gas and coal, research finds

‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSE

The Guardian
Big-name banks slammed for supporting oil and gas expansion in Amazon rainforest

Big-name banks have been accused of providing $2bn of direct financing for oil and gas extraction projects within the Amazon rainforest since January 2024, with JP Morgan Chase, Bank of America and Citi named as the worst offenders.

edie
EU ‘not ready’ to raid Russian assets for Ukraine loan, Belgian commissioner says

Hadja Lahbib defends Prime Minister Bart De Wever’s blockade of a disputed plan to help Kyiv fight Vladimir Putin.

POLITICO
Russia’s central bank tries to prop up ailing economy with rate cut

The move comes after U.S. sanctions on Rosneft and Lukoil — oil and gas account for around a fifth of Russia’s GDP.

POLITICO
12:14am Beggin For Thread by BANKS from Goddess
#KJAC #TheColoradoSound #BANKS
No major banks have yet committed to stop funding new oil, gas and coal, research finds

‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSE

The Guardian
Bloomberg: The #WallStreet #bonus pool is expected to break records this year if current trends continue, as big #banks reap #profits from soaring #stocks and a return to more dealmaking after a long drought.