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UK’s FCA partners with Nvidia to help financial firms experiment using AI
The initiative seeks to boost “innovation” and support government efforts to enhance UK economic growth. Credit: Alan Mazzocco/Shutterstock. The UK’s Financial Conduct Authority (FCA) has entered an alliance with Nvidia to enable financial services firms to experiment with the US chipmaker’s AI products. The initiative aims to accelerate “innovation” and support government directives to…
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Caddington Limited Announces Strategic Portfolio Adjustments Amid Resilient Financial Markets and Rate Uncertainty
Caddington Caddington Limited LONDON, June 10, 2025 (GLOBE NEWSWIRE) — Caddington Limited today announced a series of strategic portfolio adjustments aimed at positioning the firm for emerging opportunities in global markets, following a resilient second quarter in equity markets despite ongoing uncertainty around central bank interest rate policy. “As financial markets continue to defy…
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FCA Outlines Next Steps on Potential Motor Finance Redress Scheme
On 5 June 2025, the United Kingdom’s Financial Conduct Authority (“FCA“) has published a statement (“Statement“) setting out its current thinking on the possible implementation of a redress scheme for motor finance customers who may have been affected by discretionary commission arrangements (“Redress Scheme”).This follows the FCA’s earlier decision to pause complaint handling in light of…
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FCA Outlines Next Steps on Potential Motor Finance Redress Scheme
On 5 June 2025, the United Kingdom’s Financial Conduct Authority (“FCA“) has published a statement (“Statement“) setting out its current thinking on the possible implementation of a redress scheme for motor finance customers who may have been affected by discretionary commission arrangements (“Redress Scheme”).This follows the FCA’s earlier decision to pause complaint handling in light of…
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Morgan Stanley, American Funds Earn Top Rankings From Financial Advisors
They do give a darn about their good reputations. Vanguard, Goldman Sachs, Morgan Stanley and more, are among the asset managers held in the highest esteem by advisors, according to a recent survey from Fuse Research, and they have strong incentives to maintain that status. Reputation is a critical differentiator for asset managers, particularly in a…
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IBM just took a ‘significant’ step toward useful quantum computing
IBM (IBM) on Tuesday said it is building the world’s first large-scale quantum computer capable of operating without errors. The computer, called Starling, is set to launch by 2029. The quantum computer will reside in IBM’s new quantum data center in upstate New York and is expected to perform 20,000 more operations than today’s…
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The US labor market is creating new jobs, but maybe not yours
Your own job is a binary event — you either have one or you don’t. Labor market data so closely tracked by investors offers a different story about US employment, one told in the aggregate. And reconciling the two right now has made discussion about the overall state of the US job market particularly…
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FMS to take first step in finding a new finance director
Meeting is today at 6pm at the courthouse JACKSBORO, TN (WLAF)- The Financial Management System meets this evening at six at the Campbell County Courthouse. There will be a review and approval of renovations of a bathroom, the kitchen and storage areas bid for Emergency Medical Services at Station 1. The FMS committee will discuss…
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Crisis-hit Somerset Council fails to find new finance boss
A local authority which declared a “financial emergency” and said it risks going effectively bankrupt, has failed to find a new finance director.Somerset Council has now appointed an interim chief finance officer, the third in a year, at a cost of £7,000 a week.The role includes a statutory position, called a Section 151 Officer, which…
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David Bolton of Global Home Financing Highlights the Importance of Recertification Financing for Aging Buildings in HelloNation Magazine
MIAMI, June 10, 2025 (GLOBE NEWSWIRE) — How can property owners manage the high costs of keeping aging buildings compliant with evolving safety standards? David Bolton of Global Home Financing in Miami, Florida, addresses this critical issue in HelloNation Magazine, where he outlines how recertification financing helps residential and commercial property owners meet structural…