JPMorgan, BofA and Wells sued over alleged payment fraud
US regulator CFPB accuses big banks of failing to protect customers using Zelle
UK
Swiss lawmakers criticise ‘years of mismanagement’ at Credit Suisse
Landmark parliamentary report also takes aim at financial watchdog
AI won’t take your job – but that doesn’t mean you should ignore it
Stock-Asso/ShutterstockTwo influential tech CEOs have sparked a debate about AI’s effect on jobs. Klarna CEO Sebastian Siemiatkowski announced the buy-now, pay-later firm stopped hiring a year ago, claiming that AI can do most of the jobs that humans do.
UK’s elite Marines undergo financial literacy training
The FT’s Financial Literacy and Inclusion Campaign launches adult education programme for the military
Central banking’s Song of Fire and Flood
Why central banks are right to care about the green stuff
Europe must decide on the banking union
Commerzbank and Banco BPM are test cases that ask if we, as a bloc, are serious about greater integration
Brevan Howard and Galaxy Digital cash in on crypto boom
Crypto strategies made more than 30 per cent in November following Donald Trump’s election victory
A lack of childcare keeps the gender pay gap wider than it should be
Anton Vierietin/ShutterstockAlthough the gender pay gap is not as big as it used to be, women still earn less than men. In the UK, it currently stands at 7% for full-time workers.
Billionaires bankroll US politics, but voters could demand a fairer system
Billionaires played an unprecedented role in the 2024 US elections, with 150 of the world’s wealthiest families contributing nearly US$2 billion (£1.57 billion) trying to influence the outcome. This included donations from the likes of Elon Musk (US$133 million for the Republicans) and Michael Bloomberg (US$45 million for the Democrats).
Sweden is a nearly cashless society – here’s how it affects people who are left out
fizkes/ShutterstockAround the world, cards and apps are the default way to pay – but nowhere is the transition away from cash more obvious than in Sweden.
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