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Financial services

Hong Kong finance sector on pace in AI deployment, with data availability, security and skills gap among concerns: survey

by Anas Siddiqui
Hong Kong finance sector on pace in AI deployment, with data availability, security and skills gap among concerns: survey

Data availability and cybersecurity represent major challenges to the use of artificial intelligence (AI) in financial services, according to more than 60 per cent of Hong Kong financial professionals in …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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You Can Invest in Under 10 Minutes with Robinhood

by Maya Ortiz
You Can Invest in Under 10 Minutes with Robinhood

Robinhood When it comes to the stock market and general investments, a return is not always a done deal. However, as of the end of November 2023, the S&P 500 …

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Ohtani can opt out of Dodgers deal if execs Walter, Friedman lose roles with team: reports

by Virginia Chavez
Ohtani can opt out of Dodgers deal if execs Walter, Friedman lose roles with team: reports

Shohei Ohtani can opt out of his $700 million US, 10-year contract with the Los Angeles Dodgers if either of two key executives is no longer in place, a person …

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Apple, Goldman Sachs card partnership to end, report claims

by Maya Ortiz
Apple, Goldman Sachs card partnership to end, report claims

Apple is set to finish its credit card partnership with Goldman Sachs, according to a Wall Street Journal report published on Tuesday. People claiming to have knowledge of the matter …

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TD Bank’s very bad year in the Maritime seafood business

by Anas Siddiqui
TD Bank’s very bad year in the Maritime seafood business

A bankruptcy and insolvency court in Halifax granted Chester Basin Seafoods more time to restructure late last week in order to save its business exporting silver hake, a relative of cod. The order approved a loan …

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Man alleged to be behind high-interest mortgage scam living large on social media

by Anas Siddiqui
Man alleged to be behind high-interest mortgage scam living large on social media

In his social media videos, Anas Ayyoub has painted a rags-to-riches story in which he says he went from having to “scavenge” for money to provide food for his family …

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WeWork has failed. Like a lot of other tech startups, it left damage in its wake

by Anas Siddiqui
WeWork has failed. Like a lot of other tech startups, it left damage in its wake

The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North America, but filed for …

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Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

by Walter Watson
Cyprus lit up with flurry of oligarch transactions after Russia invaded Ukraine, leaked files show

With Russian tanks and troops descending on Ukraine in early 2022, Cyprus became a hotbed of financial activity. The island country has long been known as an offshore transit point …

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Industrial and Commercial Bank of China’s trades with U.S. Treasury disrupted by hackers

by Walter Watson
Industrial and Commercial Bank of China’s trades with U.S. Treasury disrupted by hackers

The Industrial and Commercial Bank of China’s (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on Thursday, the latest in a …

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