Marzio Bassanin argues the Basel III output floor tilts lending toward corporate loans and riskier mortgages while reducing safe mortgages.
Mutual funds holding 20.3% of assets in U.S. firms with Chinese customers saw a 22-basis-point monthly return decline after export controls.
Wall Street alarms that Argentina's economy hit its worst monthly performance since April 2020 with a 2.9% decline under President Javier Milei.
New England governors, including Massachusetts Governor Maura Healey, are forming an alliance with Big Tech to revive nuclear power for AI data centers.
Shinhan Bank reported that personal information for approximately 25,000 customers was leaked via AI agent-assisted hacking.
Shinhan Bank confirmed a data breach affecting approximately 25,000 customers, where unauthorized individuals accessed loan collector services via the 'M Shinhan' mobile homepage without completing standard identity verification. The bank stated attackers exploited a communication structure code to randomly input values and extract customer names, phone numbers, social security numbers (66 cases), and linked information (97 cases). Shinhan Bank President Sung Chang-hyuk acknowledged the leak on October 1. Financial regulators convened an emergency meeting to investigate the cause, with findings expected in months. Experts, including Kim Hwan-guk from Korea National University, argue that current security systems lag behind AI-driven attack technologies, necessitating a qualitative shift in defense paradigms. This incident marks the second major customer data leak among major banks this year, following a July incident at Woori Bank involving 17,551 records.
The Trump 2.0 regime claims to have cracked the Hormuz Strait after Iranian claims of hitting almost two dozen ships went quiet.
Matthew Schwartz, Isaiah Andrews, and Jesse M. Shapiro found an LLM workflow flagged 3,460 discrepancies across 4,452 economics packages.
