Forget the British general election. The poll that financial markets will be watching most closely in the coming days is the second round of parliamentary elections in France this Sunday. The French poll is unpredictable, to say the least. The first round of voting The prospect of a stalemate in parliament was already raised last … Read more
Forget the British general election. The poll that financial markets will be watching most closely in the coming days is the second round of parliamentary elections in France this Sunday. The French poll is unpredictable, to say the least. The first round of voting The prospect of a stalemate in parliament was already raised last … Read more
New research shows that almost half of people fail a financial literacy test that asks three key questions about interest rates, inflation and risk. A survey of 3,000 adults, weighted to be representative of the country, found that 20 percent got no answers right and another 24 percent got only one answer correct. According to … Read more
Rising sovereign debt could disrupt global financial markets, the head of the body that advises central banks said on Sunday ahead of France’s high-stakes parliamentary elections. Agustín Carstens, chief executive of the Bank for International Settlements (BIS), said the global economy was heading for a “soft landing” after the inflation crisis, but he warned that … Read more
Financial services are failing to successfully implement artificial intelligence, European fintech executives claim, even as evidence mounts that the hyped technology will increase productivity and reduce costs. Fear of job losses, regulatory concerns and institutional inertia are some of the factors preventing bankers from fully embracing the systems underlying products like ChatGPT. “The big banks … Read more
The uncertainty caused by a global election wave starting in France this weekend threatens to destabilize the British financial system, the Bank of England has warned. Officials are concerned about the kind of policies newly elected governments can enforce in major economies, including the US, where Donald Trump is vying for another term as president … Read more
Companies in areas such as financial services and insurance live and die by their data – and specifically how well they can use it to understand what people and businesses will do next, a process increasingly dominated by AI. Now a startup called Finbourne, founded out of the financial center of London, has built a … Read more
Stay informed with free updates Simply log in to the Business courses myFT Digest – delivered straight to your inbox. Salaries for graduates of leading master’s in finance programs have grown much faster for those working in financial services compared to other sectors, which is a sign of the industry’s strength. The latest Financial Times … Read more