Chinese Mainland Banks Secure 520B Yuan for Growth Boost
Four major banks on the Chinese mainland plan to raise 520B yuan to bolster core capital and support long-term economic growth.
Banks
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Banks Warn of New Risks as AI Boom Increases Dependence on Big Tech
Banks warn that the AI boom is increasing their dependence on Big Tech, introducing new risks to the financial industry. Massive computing power needs are tying banks closer to tech giants.