The Trump administration has summoned America's most powerful bank chiefs to an urgent closed-door meeting over an AI model its makers warn could bring down a blue-chip company or breach national ...

The secretary told Sen. Mark Warner that the executive order “strikes a very good balance between innovation and safety,” and ...

Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for new Fed Chair Kevin Warsh to take over. Bessent said he thinks ...

Treasury Secretary Scott Bessent refused to say Wednesday whether President Donald Trump and his family would still get ...

A meeting last week between state insurance commissioners and Treasury Secretary Scott Bessent focused on how to "make sure (commissioners) have the right regulatory tools to assess risk given this ...

BoE Governor Andrew Bailey requested Anthropic's briefing to FSB, FT reports Cyber experts warn Mythos could enable sophisticated attacks, raising risks for banks using legacy tech May 18 (Reuters) - ...

US banking regulators are pausing some cyber examinations of the largest banks to give them time to address vulnerabilities exposed by Anthropic’s Mythos AI model. The Fed and OCC are letting ...

U.S. Treasury Secretary Scott Bessent indicated that Sen. John Fetterman, D-Pa., prioritized the nation over partisanship on Wednesday by joining with Senate Republicans in voting to confirm President ...

Congresswoman Maxine Waters has asked CEOs of leading financial institutions for an immediate briefing about how they are ...

Treasury Secretary Scott Bessent was the latest host of the White House press briefing, where on Thursday he took aim at reporting from The Washington Post about a planned commemorative $250 bill with ...

Wall Street leaders’ rhetoric about the impact of artificial intelligence on their firms has taken a dystopian turn. At Standard Chartered Plc, Chief Executive Officer Bill Winters said Tuesday he’s ...