YouTube/IBM IBM is unleashing Watson, the tech company’s artificial intelligence platform, on financial regulations.  On Wednesday, the New York-based technology firm, rolled out a suit of software solutions that will help financial institutions manage their regulatory responsibilities. “Essentially, we’re embedding our deep regulatory experience into Watson so that a broader group of professionals can benefit from […]

Thomson Reuters A hedge fund that told investors it couldn’t lose money is under SEC investigation, according to a Bloomberg News report. Statim Holdings, a small Atlanta-based hedge fund firm, had previously been investigated by Georgia regulators starting in 2015. Last summer, Bloomberg reported that Statim’s investors weren’t sure how the firm made its money […]

Reuters French Finance Minister Michel Sapin attends a news conference with his Portuguese counterpart Mario Centeno (not pictured) in Lisbon, Portugal March 7, 2017. London will lose the business of euro clearing — a €930 billion (£792 billion, $ 995 billion) daily business — after Brexit, says France’s finance minister Michel Sapin. Sapin said in […]

[unable to retrieve full-text content] Royal Mint The new British pound coin. LONDON — Brits could lose up to £1.1 billion in loose change when the new pound coin is introduced in March, according to research from payment firm Mastercard. The current £1 coin will be replaced in April for the first time in thirty […]

Getty LONDON — Britain stands to lose out on 215,000 workers in the house building and infrastructure industries if it pushes for tight immigration controls over European Union citizens in Brexit negotiations. That’s according to consultancy firm Arcadis who sent a report to Business Insider detailing analysis on how it forecasts Brexit hurting the country’s infrastructure […]

REUTERS/Brian Snyder Jens Weidmann, president of the German Bundesbank and a member of the European Central Bank (ECB) Governing Council. The European Union won’t cut a special deal with the City of London if the UK leaves the European single market, Germany’s top central banker warned. Jens Weidmann, president of the Bundesbank, told the Guardian […]