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OpenAI confidentially filed IPO papers with the SEC yesterday, setting the stage for yet another massive tech company float later in the year. You can read OpenAI’s statement here. It’s very short. Here is the entire thing, verbatim: “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We…
Form 4 Colony Bankcorp Inc For: 6 July
For very high net worth (VHNW) individuals, what “premium” means is changing. Partly, that’s down to technology opening up new possibilities. But it’s also about who this audience is becoming. By 2040, Millennials and Gen Z will make up 35% of the VHNW population, bringing different expectations about how financial services should work. Across other…
Link for teaser title: https://www.wisebread.com/is-the-new-bofa-rewards-program-worth-joining The new BofA Rewards loyalty program is more than worth it. There is no enrollment fee and you’re basically getting rewards for free. Here’s how each tier stacks up by required balance, benefits, and value.
ITFC has signed a $3.3 billion financing deal with Bangladesh for FY2026-27 to support fuel and fertiliser imports. The funding comes as disruption in the Strait of Hormuz threatens Bangladesh’s energy and food security. The deal extends ITFC’s long-standing financing partnership with Bangladesh. The International Islamic Trade Finance Corporation (ITFC) – a faction of the…
Hello, friends. Just a quick note to let you all know that my life, at last, seems to be settling. A full two months after the death of my mother, the fog has lifted and I find that I’m motivated to pursue productive pursuits once more. I spent much of the past several weeks doing…
Wealth growth ran strongest in Europe, the Middle East and Africa at 17.5 percent, helped by a weaker dollar, CTV News reported, followed by the Americas at 8.5 percent and Asia-Pacific at 5.9 percent. North America led all regions at roughly US$660,000 per adult, BNN Bloomberg reported, ahead of Australia and New Zealand at US$590,000 and Western…
Key insights: Klarna has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank. What’s at stake: The buy now/pay later lender and aspiring neobank joins Affirm, PayPal and dozens of other fintechs that hope to become a bank. Forward look: If approved, Gary Harding, former…
Baltimore-based Constellation Energy, a $90 billion company, generates electricity on a vast scale. And AI’s voracious appetite means that electricity is now becoming a very valuable commodity, and the companies that can generate it reliably, cleanly and at scale will see a lot more attention than they’re currently getting. Investors have re-priced entire industries, assuming…
Cohabiting couples who are not married or in a civil partnership are set to receive new rights to finances under new rules proposed by the government. The proposals could see unmarried partners allowed a portion of the proceeds from a house sale, a percentage of a pension, automatic inheritance rights, and more when a relationship…