Top banking watchdogs issue stark warning over AI-driven cyber attacks
IT weaknesses could be exploited by frontier models in a ‘matter of minutes’, say ECB and ESRB
Bank of England plans to ease capital rule for UK lenders
Officials say move intended to boost lending and support financial markets in a crisis
A summer discount on family days out sounds good, but it won’t fix UK tourism
Tony Dunn/ShutterstockThe long summer holidays can be an expensive time for families. The cost of day trips to theme parks or zoos or soft play centres quickly adds up.
Discounts sound like a good idea. So this summer, the UK government has slashed the VAT rate from 20% to 5% on admission to a wide range of family activities.
Terry Smith accuses Unilever of misleading him over $66bn food deal
Veteran fund manager says management told him before the spin-off there would not be any more major asset sales
U.S. Trade Deficit Widens in May on Record Goods Imports
Imports of foreign goods, including pharmaceuticals and equipment for data centers, hit a record high, pushing the monthly trade deficit to its highest level in over a year.
Trump Promised a Foreign Investment Boom. It’s Getting Harder to Deliver.
The threat of tariffs may have helped push more capital into the United States, but other factors are pushing it away.
FEDS Paper: Capturing Heterogeneity: Machine Learning Approaches to Implied Volatility Forecasting
Hyung Joo Kim and Dong Hwan OhDespite documented heterogeneity in volatility dynamics across the option surface, standard implied volatility forecasting models apply homogeneous parameters throughout. We introduce a machine-learning framework that uses regression trees to partition the surface along both moneyness and maturity dimensions, identifying data-driven regions where distinct forecasting models perform best.
When shareholder activists attack a company, its rivals may feel the heat too and change their ways
Sometimes corporations yield when facing pressure from their shareholders – even when it's indirect. alexsl/iStock via Getty Images PlusShareholder activists are investors who leverage their ownership in a company to push for change.
When managing your money, take a chatbot’s ‘confidence’ with a grain of salt
One out of every five Americans say they lost more than $100 by following financial advice from an AI chatbot, a 2025 survey found. Ant Rozetsky on UnsplashConsider the following scenario.
London IPO candidate CFC hires ex-Direct Line chief as new boss
Private equity-backed business is exploring strategic options including a potential listing on the LSE
Pages
