Last week, 25 of the largest banks in the United States recorded a $90 billion outflow of deposits after initially seeing an increase in deposits following the collapse of Silicon Valley Bank (SVB).
Italy has banned OpenAI's ChatGPT chatbot due to privacy concerns and lack of age verification, marking the first instance of a Western country blocking the chatbot, while experts call for a moratorium on advanced AI systems development.
A Chinese bank provided Republican Senator Ron Johnson with Biden family bank records while US banks refused, revealing potential conflicts of interest and allegations of corruption.
Pharmaceutical companies are paying TikTok influencers to market prescription drugs to young people, according to a recent study by researchers from the University of Colorado and the University of North Carolina, Chapel Hill, which calls for increased transparency and regulation in the use of patient influencers for pharmaceutical marketing, particularly when it comes to targeting young people.
Federal regulators will testify before the House Financial Services Committee on March 29 about the Silicon Valley Bank (SVB) and Signature Bank collapses, according to a press release.
Russia's banking system is largely shielded from the negative effects of the U.S. crisis due to the country's limited connections with the international financial system, says Russian press secretary.
