Memo: JPMorgan's asset management unit cuts ties with proxy advisory firms to use its AI-powered Proxy IQ platform to assist on US votes, an industry first
Bank's asset and wealth-management unit will use in-house, AI-powered platform to cast shareholder votes
HSBC signs a Mistral deal to access Mistral's AI models and co-develop models for tasks like financial analysis, translation, onboarding clients, and AML checks
Bank will use technology for tasks, including translation and document analysis — HSBC has signed a deal …
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries
'The Silicon Valley Bank (SVB), a leading lender to startups and venture capitalists … Bloomberg : Khosla Ventures Tells Some Startups Firm Will Cover Payroll South China Morning Post : China joint ve...
US bank Silvergate, which caters to crypto, reports liquidating debt to cover $8.1B withdrawals as FTX collapsed and laying off 40% of its staff; SI falls 40%+
Bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto
South Korean financial super app Toss raised a $405M Series G at a 9.1T won valuation, or ~$7B, after an 8.5T won valuation in June 2021; Toss Bank has 5M users
South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June '21; Toss Bank has 5M users
Kate Park / TechCrunch :
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins
which is now collapsing Rani Molla / Vox : Is this another tech bubble bursting? Brady Dale / Axios : Terra briefly halts blockchain amid stablecoin uproar Something Interesting : Autopsy and aftermat...
KakaoBank, South Korea's first internet-only lender, goes public, rising over 70% in its trading debut in Seoul, giving it a market value of ~$28B
- Bank's $2.2 billion IPO is Korea's second-largest this year — Company becomes Korea's biggest lender by market cap
London's mayor says the Underground will have mobile coverage by the end of 2024 across the entire network, with some popular stations by the end of 2022
Popular stations like Oxford Circus, Euston, and Bank will connected by end of 2022 — By the end of 2024, passengers …