Finextra: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
Finextra: HSBC pledges to retain branch numbers
HSBC has pledged not to close any more branches until at least 2026 amid political and regulatory pressure to maintain access to cash on UK high streets.
Finextra: ClearBank secures Dutch banking license
ClearBank has continued their successful growth by securing their Dutch banking license.
NewScientist: Existing quantum devices could be used to disrupt the stock market
Quantum technology could shake up the stock market.
Finextra: JP Morgan preps more biometric payment pilots
J.P. Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.
Finextra: CIBC to hire 200 data and AI specialists
Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 months.
CSO Online: Hottest selling product on the darknet: Hacked gen AI accounts
Hottest selling product on the darknet: Hacked gen AI accounts
CIO Dive: Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark.
ITPro: £1.3 billion in funding for AI and tech projects scrapped by government
The UK government has scrapped £1.3 billion in funding aimed at supporting technology and AI-related projects across the country.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.