GM boosts profit outlook, cites ’resilient’ consumer demand

AI’s carbon footprint is even worse than it seems. It’s not just that new data centers are leading to new fossil-fueled power plants—like an Amazon-backed gas plant in Texas that could be the largest single source of CO2 pollution in the U.S. AI also is making the fossil fuel industry more productive, and a new…

The operating assumption in card issuing is that better technology should produce better economics. Card issuers have largely won the technology-access battle. Instant issuance, mobile wallet provisioning, real-time fraud controls and personalized offers are no longer reserved for the largest banks. However, broader access has not produced better economics. “A Practical Guide to Growing Customer…

The PI license will strengthen Ant International’s local and cross-border payment capabilities in Brazil and expand the company’s ability to support local partners, according to the release. The license builds on the services Ant International already offers in Brazil through its merchant payment and digitalization platform Antom, which enables merchants to accept Pix, credit cards and a…

There comes a point in every young professional’s life when you realize: Hey. I work hard and earn good money. I can afford a nice car, right? So you crunch some numbers and realize: Holy moly! I can afford a nice car! But then you remember that the monthly payment is just the beginning. There’s also insurance,…

Few banks formally evaluate GenAI human-in-the-loop controls – Risk.net Skip to main content End of drawer navigation content Risk Benchmarking: G-Sibs and challengers use tools to test controls efficacy; others rely on judgement This piece is part of a series benchmarking bank model risk management practices. Sign up for Risk Benchmarking emails here. Only one…

Citi strengthened its position as one of the world’s leading Islamic finance institutions in 2025, combining scale, product expertise and international distribution capabilities to maintain its role at the centre of the global sukuk market. Building on more than four decades of experience in Islamic finance, the bank continued to invest in its franchise while…