The future of climate action requires capital. Xiye Bastida is making sure youth-led organizations get it.Read more: https://t.co/RJv1J24JAv #ForbesUnder30 (Photo: Sebastian Nevols for Forbes) https://t.co/heq56YN1qH ...

The future of climate action requires capital. Xiye Bastida is making sure youth-led organizations get it.Read more: https://t.co/RJv1J24JAv #ForbesUnder30 (Photo: Sebastian Nevols for Forbes) https://t.co/cHl5dYljVT ...

The future of climate action requires capital. Xiye Bastida is making sure youth-led organizations get it.Read more: https://t.co/RJv1J24JAv #ForbesUnder30 (Photo: Sebastian Nevols for Forbes) https://t.co/PTPeQHhDp9 ...

Summary of Nordea Bank's Q3 2025 Pre-Close Call Company Overview - **Company**: Nordea Bank - **Event**: Q3 2025 Pre-Close Call - **Date of Report Release**: October 16, 2025 - **Silent Period Start**: October 7, 2025 Key Points Macro Environment - **Interest Rates**: Norway and Sweden cut policy rates by 25 basis points in September, leading to a quarter-on-quarter decrease of approximately 25 basis points in average Nordic policy rates for Q3, similar to Q2's decrease of around 30 basis points [3][5] - **Interbank Rates**: Average quarter-to-date decreases were 30 basis points for Norway, 17 basis points for Sweden, and 10 basis points for Denmark and Finland [3] - **Equity Markets**: The U.S. dollar-denominated MSCI World Index increased by 11% quarter-on-quarter, while the OMX 40 Nordic Index decreased by 1% [3] - **Fixed Income**: The U.S. dollar-denominated Bloomberg Global Aggregate Bond Index rose by 2% [3] Financial Performance - **Net Interest Income (NII)**: Reported NII for Q2 was €1,798 million, with expectations of lower NII in Q3 due to pressure on lending margins and a negative impact from deposit rates bottoming out [4][5] - **FX Impact**: The average FX presented a headwind for euro-denominated income in Q3, with SEK down 1.5% and NOK down 1% quarter-on-quarter [4] - **Net Fee and Commission Income**: Q2 reported €792 million, with Q3 expected to be impacted by seasonality and market quietness, particularly in brokerage and advisory services [9][10] - **Net Insurance Result**: Q2 net insurance result was €58 million, up from €54 million in Q1 [10] Cost Management - **Cost Growth**: Year-on-year cost growth is expected to slow significantly, with full-year costs projected to grow by no more than 2% to 2.5%, excluding FX effects [12] - **Credit Losses**: Normalized loan loss level is 10 basis points, with a management judgment buffer of €341 million [12] Capital and Dividends - **CET1 Ratio**: CET1 requirements stood at 13.7% at the end of Q2, with a CET1 ratio of 15.6% [13] - **Dividend Policy**: The company aims to pay out 60% to 70% of annual profits in dividends, with discussions around interim dividends being hypothetical at this stage [17][18] Other Notable Points - **AT1 Issuances**: Recent AT1 issuances in USD, SEK, and NOK are expected to create a headwind of approximately €20 million, offsetting some positive effects [6][21] - **Market Activity**: M&A activity is down by 40% and ECM by 50% quarter-on-quarter, indicating a continued slow market environment [10][35] - **Capital Markets Day**: Scheduled for November 5, 2025, with potential updates on financial targets expected [30][31] Conclusion - The call highlighted the challenges faced by Nordea Bank in a mixed macroeconomic environment, with interest rate cuts impacting NII and market activity remaining subdued. The focus on cost management and maintaining a stable dividend policy reflects the bank's strategy to navigate these challenges while preparing for future growth opportunities.

Our respective agencies must harmonize product and venue definitions; streamline reporting and data standards; align cross-border, capital, and margin frameworks; and stand up a joint innovation exemption using each agency’s exemptive authority. ...

Customer Service & AI Application - Sierra is experiencing unprecedented customer interest, revenue growth, and customer momentum in the AI-driven customer service space [2] - Sierra is a leader in applying AI to customer service, serving traditional companies like ADT Home Security and Direct TV, as well as fast-growing Silicon Valley companies like Ramp [3] - Sierra's AI agents are solving problems autonomously, with Ramp's agent resolving 90% of customer cases without human intervention [10] - Sierra is conducting hundreds of millions of phone calls and digital chats on its platform annually [13] - Sierra went live with an international retailer in 15 markets in six weeks, automatically solving 85% of their customer service cases [21] Business Model & Pricing - Sierra employs an outcome-based pricing model, charging customers only when it autonomously solves their problems [6] - The outcome-based pricing model aligns Sierra's interests with its customers, as they only pay when Sierra saves them money and solves customer problems [7] Customer Base & Market Position - Over 20% of Sierra's customers have over $10 billion in revenue, and over half have over $1 billion in revenue [9] - Sierra serves a wide range of industries, including health insurance and banking [8] Expansion & Growth - Sierra has opened offices in New York, Atlanta, and London, with plans to expand into Asia [12] - Sierra raised $175 million last year led by Greenhouse Capital [17] - Sierra is open to raising more capital to facilitate faster growth and serve multinational corporations in Europe and Asia [17] Technology & Talent - Sierra focuses on applying existing AI models to solve problems, rather than building frontier models [19] - Sierra is not directly competing for the researchers building foundation models, but acknowledges a competitive market for talent in the AI application space [22][23]

The obvious impact of the Trump crypto 401(k) Executive Order is the "infinite twap" of capital into crypto assets ongoing and forever nowBut a key piece I missed, and shoutout to @KookCapitalLLC on this oneThere will be an upfront re-balancingOnce these are approved, there will be a large cohort of people who immediately sell SPX to go 1-2% BTC, or 5%, or 10%+That's not 1-2%+ of their weekly paychecks, that's 1-2%+ of their entire 401ksThis is the type of capital tsunami that could push us to $180k+ BTC in ...

RT Bitcoin Archive (@BTC_Archive)MICHEAL SAYLOR:“The more capital I raise, the more capital I can raise. That breaks every textbook at Harvard and Stanford."https://t.co/4vT4YYyjbI ...

I mean speaking of rates, you've been for last year or so at least higher for longer camp and Fed for the better part of the year has been on hold. So that's been right. What do you think happens next. Well, you know, the trajectory here, you know, you're asking what happens next.You're talking about in 2025. You think we'll get a few cuts. I I think there's I think there's a reasonable chance we get a cut or two.Um but not certain. And you know I think the market is absorbing the trade policy but on the ca ...