Christine Lagarde Warns of AI-Induced Inequality Threat in Europe

Christine Lagarde Warns of AI-Induced Inequality Threat in Europe
3 days ago

In a recent address, Christine Lagarde, the President of the European Central Bank, articulated her concerns regarding the potential implications of artificial intelligence (AI) on income disparity in Europe. Speaking at a financial forum in Brussels, Lagarde emphasized that while AI offers immense opportunities for economic advancement, it concurrently poses significant risks, particularly in exacerbating existing inequalities.

Continue reading
Revolut's European Subsidiary Confronts Heightened Capital Demands from ECB

Revolut's European Subsidiary Confronts Heightened Capital Demands from ECB
4 months ago

Revolut, the fintech giant known for its innovative banking solutions, is experiencing a significant challenge as its European division now faces the highest capital requirements set by the European Central Bank (ECB). This development underscores the increasing scrutiny from regulatory bodies in Europe concerning the financial stability and consumer protection measures implemented by digital banks.

Continue reading