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Bank of England said to be reviewing Barclays’ handling of private credit loans
Source: The Guardian
Original reporting
The Guardian: read the full reportRelated stories
CNBC
French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall
"It looks like either the bond markets riot, or the people riot, or both," one analyst told CNBC.
CNBC
Boomers are buying into the promise of monthly income from options ETFs, but there's a tax catch
Covered call ETFs have been widely adopted by baby boomers to meet monthly income needs, but unlike most ETFs, the tax implications can be significant.
BBC Business
Home sellers cut asking prices on 3,000 properties a day
More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.
The Guardian2 outlets
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline. Continue reading...
CNBC
Robot factories and hypersonic missiles: JPMorgan Chase's first $5 billion of defense investments
With $5 billion already deployed off its balance sheet, JPMorgan Chase is racing ahead on direct investments in defense tech, hardware and supply chains.
CNBC
Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption
The Claude maker said that establishing the fund as an LLC will provide greater flexibility in how the money is used.