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Deutsche Bank CEO Says No Panic Over Anthropic's Mythos AI Model
Deutsche Bank CEO Christian Sewing told Bloomberg that German banks do not see Anthropic's Mythos model as an existential threat, though they are factoring it into daily risk management.
Pakistan's Central Bank Lifts 8-Year Crypto Ban, Allows Banks to Serve Virtual Asset Providers
The State Bank of Pakistan has reversed its eight-year prohibition on crypto-related banking, permitting financial institutions to open accounts for licensed VASPs and their customers while maintaining strict limits on direct crypto involvement.
JPMorgan CEO Jamie Dimon Predicts AI Will Transform Every Aspect of Banking as OpenAI Proposes Superintelligence Policy
JPMorgan Chase CEO Jamie Dimon declared that AI will permeate every aspect of the bank's operations, while OpenAI published a policy framework for the coming age of superintelligence.
Crypto Dispute Splits Swiss Banking Dynasty Syz
Marc Syz left the family-owned Syz Group after clashing with his father over integrating a crypto treasury firm. He now plans to build Europe's largest Bitcoin platform.
Jefferies Warns Stablecoins Could Drain Up to 5% of Bank Deposits by 2030
Jefferies analysts project stablecoin market cap could reach $1.15 trillion within five years, gradually eroding traditional bank deposits and squeezing margins.
Stablecoin Inflows Surge 414.5% as Retail Investors Fuel Growth Amid US Regulatory Battle
Net weekly stablecoin inflows jumped to $1.7 billion, with total market capitalization reaching $293.7 billion. Meanwhile, US banking lobbyists clash with crypto advocates over yield payments in a heated Senate debate.
Emirates NBD Exploring Bitcoin Allocation for Its $272B Portfolio
Middle Eastern banking giant Emirates NBD, managing approximately $272 billion in assets, is evaluating the possibility of adding Bitcoin to its investment portfolio with a maximum allocation of 0.5%.
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