Search results for banks
Finance
Mirae Asset Securities secures 4,751 billion won worth of SpaceX IPO allocation
Mirae Asset Securities secured about 4,751 billion won worth of shares in SpaceX\'s initial public offering, after joining the underwriting syndicate. SpaceX filings show the firm was allocated 2,314,815 of the 555,555,555 Class A common shares being sold. With an offer price of $135 per share, the allocation amounts to about $312.5 million. SpaceX plans to raise $75 billion in the IPO.
Finance
BoA CEO says accuracy tops cost in finance AI
Bank of America CEO Brian Moynihan said accuracy is the top priority for artificial intelligence strategies in banking, rather than efficiency or cost cutting. He said mistakes in customer-facing answers can directly affect trust, leaving little room for error and requiring extensive system building and validation. The bank has invested about $250 million in new AI deployments this year and runs AI assistant Erica, used by millions of customers and employees.
Crypto
U.S. crypto Clarity Act clash pits Ripple CEO against JPMorgan\'s business model
Ripple CEO Brad Garlinghouse rebutted JPMorgan CEO Jamie Dimon over the U.S. Clarity Act, saying Dimon is distorting the bill and should be clearer about why he wants to keep the current system. The dispute focuses on a provision allowing platforms such as Coinbase to offer rewards to users who deposit stablecoins. Garlinghouse said JPMorgan opposes the bill to protect its existing business model. The bill has cleared a Senate committee vote but still needs final Senate approval.
-
Crypto
XRP, once criticised as \'finance coin\', sees institution-focused strategy reappraised
-
Crypto
U.S. community banks launch campaign against Clarity bill over stablecoin rewards
-
Crypto
U.S. banks call for stablecoin rules to cover secondary market trading
-
Finance
Supply chain reshuffle, tech rivalry deepen; call grows for more precise financial policy
-
World News
Five largest IPOs revisited as SpaceX plans listing
-
Finance
Household loans jump 9.3 trillion won in a month as regulators trigger emergency management
-
Finance
Dcamp to share five startup cases linking financial services on June 24
-
Industry
Taiwan considers sweeping controls on AI chip exports to China
-
Crypto
U.S. CLARITY bill keeps clashing over crypto ethics, momentum cools rapidly
-
Finance
KakaoBank supplies 1.2 trillion won in mid to low credit loans using non-financial data
-
AI & Enterprise
AI infrastructure financialisation gains momentum as major investment banks take interest
-
Crypto
Banks move as stablecoins grow in battle to defend digital dollars
-
Finance
Financial sector overhauls security and consumer protection for AX era
-
Crypto
Billionaire Tim Draper says quantum computers more of a threat to banks than bitcoin
-
Finance
Overdue debt collection practices to change after tax breaks on written-off loans