A decline in credit scores can worsen the borrower’s financial position, making default a self-fulfilling prophecy. We estimate the causal effect of credit scores on default using a rule that counts multiple inquiries within 14 days as one, moving scores without changing credit reports. Regression discontinuity estimates around the 14-day cut-off show that an additional…
Reddit (NYSE: RDDT) may be the most intriguing AI stock on the market. Unlike semiconductors, software companies, or hyperscalers, Reddit derives its value in AI from its “corpus,” or the body of content on its site, which may be the most valuable source material for generative AI training and inference. The vast majority of Reddit’s…
Lecture by Piero Cipollone, Member of the Executive Board of the ECB, at the Annual Meeting of the Federation of Italian Cooperative Credit Banks (Federcasse) Rome, 17 July 2026 Long ago, Aristotle himself noted[1] how money played an essential role in society as an instrument that made it possible to establish a relationship between all…
Home Awards Award Winners Best Treasury and Cash Management Banks 2026 | Middle East Cloud-native platforms, AI-driven automation, and robust cross-border payment ecosystems are among the innovations transforming the region. As financial architectures across the Middle East evolve, leading institutions are transforming transaction banking through digital innovation. By integrating AI-driven automation, strong cross-border payment ecosystems,…
The market’s negative reaction to Alibaba’s announcement of a major share issue illustrates a broader skepticism among global investors about the eventual payback on present AI spending
Today’s global imbalances, starting with China’s massive trade surplus, are not simply the result of poor macroeconomic coordination. Rather, they reflect long-term strategic thinking and a departure from the bias toward openness on which the postwar trade order was built. PARIS—Global imbalances are moving back to the top of the policy agenda, reflecting angst about…