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US banks projected smaller loan losses than the Federal Reserve in the 2026 Dodd-Frank Act stress tests (DFAST), Risk Quantum analysis shows. All 20 banks that publicly disclosed their internal stress-test results estimated lower losses than the central bank under the severely adverse scenario. JP Morgan recorded the largest divergence. The bank projected $70.2 billion…
IBM shares tumbled Tuesday as CEO Arvind Krishna acknowledged in an unusual letter to investors that the company had failed to adapt quickly enough, a blunt admission that followed a surprise earnings miss and sent the stock toward its worst drop in decades. Fortune talked to several analysts about the resulting 25% stock crash, the…
News release UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and seek industry views on the future of UK wholesale markets. Tokenisation is the process of creating a digital representation of a…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them. Today, InvoiceCloud’s CFO, Chris Sands, shares his morning routine. Be sure…
Citrin Cooperman today acquired LGA, a Boston-area accounting and business advisory firm. Processing Content LGA services mid-market businesses, entrepreneurs and families. The deal expands the Top 25 Firm’s New England footprint and adds roughly 150 professionals to the team. Citrin acquired “substantially all the assets” of LGA. As is common for firms operating in alternative…
AerCap to order 15 Boeing 787, sources say