By Marcela Ayres (Reuters) -Brazil's central bank is preparing to advance tighter ​regulation of the financial system to curb a ‌rise in cyberattacks, the bank's supervision director, Ailton Aquino,‌ said on Wednesday. This year, 68 incidents have been reported through October, including 37 cases of fraud, he said at a press conference in Sao ⁠Paulo. That represents the highest ‌number since the central bank began tracking such data in 2018 and is already ‍above the 59 cases recorded in all of last year ...

Core Insights - Veteran investor Howard Marks warns of investor complacency and carelessness in the credit market, highlighting recent bankruptcies but refraining from labeling the situation as a systemic issue [1][2]. Group 1: Market Conditions - The recent bankruptcies of First Brands and Tricolor indicate potential issues within the credit market, but Marks does not see these as signs of a broader systemic problem [2]. - Marks emphasizes that defaults are a normal occurrence, suggesting that a few dozen defaults in a year should not be surprising [3]. Group 2: Investor Behavior - Rising markets often lead to increased risk tolerance and carelessness among investors, creating an environment conducive to potential wrongdoing [4]. - During market upswings, negative factors are often overlooked, while downturns tend to exaggerate negatives and downplay positives [5]. - Marks notes that good times foster complacency and aggressive bidding for assets, which can lead to failures in a challenging environment [6].

Nov 12, 2025 10:00 AM Eastern Standard Time Helix Partners with Bangor Savings Bank to Expand its Banking as a Service Capabilities Share New strategic partnership enables Bangor Savings Bank to expand its BaaS capabilities, advance operational efficiencies, and broaden access to innovative fintech collaborations Helix's cloud-native core helps financial institutions deliver strong BaaS and embedded finance programs and build digital brands. To learn more about Helix, please visit this link. To learn more a ...

Core Insights - Sallie Mae has announced a multi-year strategic partnership with KKR to enhance its private student lending capabilities and generate fee income [1][3] - KKR plans to purchase an initial seed portfolio of private education loans and commit to a minimum of $2 billion in newly originated loans annually for an initial three-year term [2][4] - The partnership aims to improve Sallie Mae's loan origination capacity and provide ongoing servicing fees for managing the loans sold to KKR [3][4] Company Overview - Sallie Mae is a leader in private student lending, focusing on providing financing and resources to support access to college [7] - KKR is a global investment firm that specializes in alternative asset management and aims to generate attractive investment returns through disciplined investment strategies [6] Financial Implications - The partnership is expected to create a more resilient and capital-light earnings profile for Sallie Mae, allowing it to serve more students and families [4] - KKR's investment will come from its managed credit funds and accounts, indicating a strategic move to deploy long-term, flexible capital in high-quality financial institutions [4][6]

NEW YORK, NY / ACCESS Newswire / November 12, 2025 / Fast Finance Pay Corp. (OTCID:FFPP) is pleased to announce that its German subsidiary, OK.de Services GmbH, operator of the OK.secure platform, has entered into an agreement for the OK.secure app to provide banking and debit card processing services for end-users with International Bank Account Numbers (IBANs) in the European Union and the United Kingdom through its brand OK.pay. OK.pay is an innovative solution for modern banking and crypto asset managem ...

Core Insights - Franklin Templeton's Benji Technology Platform is now operational on the Canton Network, enhancing its presence in regulated digital markets and providing institutional investors with broader access to tokenized investment products [1][2]. Group 1: Franklin Templeton's Strategy - The integration of Franklin Templeton's blockchain infrastructure with Canton's Global Collateral Network offers market makers and institutions a new source of liquidity and collateral while ensuring compliance and privacy [2][5]. - The Benji platform supports Franklin Templeton's tokenization strategy, having powered the first U.S.-registered mutual fund to utilize blockchain for transactions and recordkeeping since 2021 [4][6]. - Franklin Templeton aims to meet institutional clients' needs by providing interoperability and privacy without sacrificing transparency or security through this partnership [5]. Group 2: Market Context and Predictions - Tokenization refers to the conversion of real-world assets into blockchain-based tokens, with Standard Chartered predicting that tokenized real-world assets will reach $2 trillion by 2028 [3]. - The Canton Network, developed by Digital Asset and supported by major firms like Goldman Sachs and BNP Paribas, seeks to create a permissioned blockchain infrastructure that connects traditional and digital markets [6].

What's driving these gains. >> Well, there's a little bit of micro and a little bit of macro at the risk of sounding like a song. I mean, the macro is some of it's global and I do think the fact that actually we are nearing a resolution for the US shutdown has had a positive impact on markets across the globe.Plus, you've had things like the resolution on kind of Swiss tariffs this week, you know, in the last week, which has also added some tailwinds to the European markets. You've also got expectation of l ...

Economic Resilience and Investment Outlook - Italy's industrial production increased by 2.8% month-over-month in September, surpassing the estimated 1.5% and rebounding from a revised decline of 2.7% in the previous month [3] - Year-over-year, industrial production rose by 1.5% on a working day adjusted basis, defying expectations of a 0.5% contraction, while unadjusted year-over-year data showed a robust increase of 4.6% compared to a prior decrease of 5.7% [3] Equities Market Outlook - UBS has reaffirmed its "overweight" position on Chinese stocks for the upcoming year, indicating continued confidence in the market despite recent volatility and global economic pressures [4] Geopolitical Standoffs - Diplomatic dialogue between the UK and Russia has stalled, with the Kremlin stating that the UK showed no willingness to engage with Russia's position [5] - Russia has expressed readiness to resume talks with Ukraine, indicating that the "ball is in the Ukrainian court" for negotiations [6] - Ukraine has suspended its Justice Minister over a graft probe in the energy sector, highlighting ongoing anti-corruption efforts [7] Energy Market Shifts - The International Energy Agency (IEA) has revised its long-term outlook, projecting that global oil consumption could grow until 2050, with demand potentially reaching 113 million barrels per day, a 13% increase from 2024 consumption [8] Corporate Earnings Watch - Alibaba Group Holding Limited (BABA) is set to announce its unaudited financial results for the quarter ended September 30, 2025, on November 25, 2025, with investors keenly awaiting insights into the company's growth and the broader Chinese tech sector [10]

Core Insights - The Web Summit has evolved from a small startup event in 2015 to a major global technology conference, highlighting the rapid changes in the tech landscape over the past decade [2] - The event attracted 70,000 attendees from 75 countries, including government representatives, entrepreneurs, and tech investors, marking a significant increase in participation [2] - The founder of Web Summit emphasized the rise of Chinese AI models and Brazil's PIX payment system as key examples of global shifts in technology and finance, challenging the dominance of Western tech companies [3][4] Technology and Innovation - The emergence of advanced humanoid robots and leading AI models from China was showcased, indicating a shift in technological leadership [3] - The PIX payment system from Brazil is described as revolutionary and free, posing a challenge to existing Western payment systems [4] - The decline of German startups at the Web Summit contrasts with the rise of Polish startups, indicating a shift in the entrepreneurial landscape within Europe [4][5] Economic and Cultural Shifts - Lisbon is positioning itself as a hub for innovation and culture, with significant growth in tech companies and job creation [7][8] - The city has seen the establishment of 16 unicorns and 82 tech companies, contributing to over 16,000 jobs [8] - The mayor of Lisbon highlighted the importance of social justice and cultural integration in fostering innovation [9][10] Future Outlook - Portugal aims to become a global innovation hub, leveraging technology to enhance governance and create opportunities [11][12] - The government is investing in digital infrastructure and skills training to prepare citizens for a tech-driven future [12][13] - The establishment of an AI super factory in Portugal is seen as a response to the dominance of Silicon Valley, aiming to enhance Europe's digital sovereignty [13]

Core Viewpoint - The Federal Reserve Governor Michael Barr highlighted the transformative potential of artificial intelligence (AI) on the economy, presenting two primary scenarios: one where generative AI enhances existing tasks and roles, and another where it fundamentally alters work and leisure, reshaping business models and improving efficiency [1][1][1] Group 1: AI Impact on Employment - AI has led employers to reduce hiring plans, which may be slowing down job creation [1] - There is uncertainty regarding which scenario of AI evolution will materialize, complicating predictions about its impact on employment [1] Group 2: Monetary Policy and Economic Transformation - Following a significant slowdown in summer hiring, the Federal Reserve has lowered the benchmark interest rate in recent policy meetings [1] - There is a divergence among Fed officials regarding the necessity of a third rate cut in December, although futures markets indicate investor expectations for a rate decrease [1] - Barr noted that trillions of dollars in planned capital investment in data centers could drive significant economic changes, including productivity improvements [1] Group 3: Capital Investment and Productivity - Capital investment typically enhances labor productivity and creates conditions for higher output growth in the long term while mitigating inflationary pressures [1] - Significant changes driven by AI and capital investment may also influence the implementation of monetary policy [1]