Apollo’s chief economist warns AI agents could trigger a bank run on US deposits
Apollo Global Management's chief economist, Torsten Slok, warns that AI assistants could trigger an "agentic bank run" by automatically sweeping…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
California regulators shut down Nano Banc in sixth US bank failure of 2026
Regulators shut down Nano Banc of Irvine, California, on Friday, the sixth US bank failure of 2026. Sunwest Bank of…
Foreign banks signal merger interest in UBS after tougher Swiss capital rules
At least eight foreign banks have signalled interest in a merger or combination with UBS, a Swiss newspaper reports. The…
Global Money Supply Hits Record $103.66 Trillion in August
Global money supply has climbed to an all-time high of $103.66 trillion, after the world's four largest central banks added…
Iran’s Foreign Minister Says Tehran Is Ready for ‘Doomsday’ War With the U.S., but Keeps Diplomacy Open
Iran's foreign minister Abbas Araghchi says Tehran is ready for a "doomsday" war with the United States but is keeping…
