Meg Short

2 weeks ago | bloomberg.com | Meg Short |Joe Mayes

Nikhil Rathi, chief executive officer of the Financial Conduct Authority, listens to speeches after delivering his speech at the City Week conference at the Guildhall in London, U.K., on Tuesday, April 26, 2022. Rathi told the conference that Facebook owner Meta Platforms Inc. has promised to only allow registered firms to advertise financial promotions on its sites, and called on Twitter Inc. to clarify its own position. Photographer: Chris J.

2 weeks ago | bloomberg.com | Meg Short |Philip Aldrick

AI branding. (Bloomberg) -- The Bank of England plans to closely monitor the use of artificial intelligence by banks and hedge funds over concerns that the technology could trigger a market crash or manipulation without humans even knowing about it. The central bank’s Financial Policy Committee warned that the technology could destabilize markets or act in other adverse ways in a new report on AI published Wednesday.

2 weeks ago | news.bloomberglaw.com | Meg Short |Philip Aldrick

The plans to closely monitor the use of artificial intelligence by banks and hedge funds over concerns that the technology could trigger a market crash or manipulation without humans even knowing about it. The central bank’s Financial Policy Committee warned that the technology could destabilize markets or act in other adverse ways in a new report on AI published Wednesday.

2 weeks ago | bloomberg.com | Jennifer Surane |Meg Short

Financial services are excluded from Donald Trump ’s trade war for now. Banks are still feeling the pain. HSBC Holdings Plc’s market value has dropped by almost $30 billion on fears that its Asia-focused operations will bear the brunt of the conflict.

Nov 20, 2024 | bloomberg.com | Kit Rees |Meg Short

Prudential Plc shares have fallen so far this year amid worries over the insurer’s China exposure that they now offer the most implied upside of any stock in the FTSE 100 index, based on average analyst price targets. The London-listed company, which gets the bulk of its business from Asia, has lost 30% of its value in 2024 in its worst yearly performance since the Global Financial Crisis of 2008.