Italy’s banking sector is primed for a transformation, with analysts predicting a wave of mergers and acquisitions in the near future. Following the sovereign debt crisis and the government’s intervention to rescue Banca Monte dei Paschi (BMPS), there is renewed interest in the sector. Antonio Reale, co-head of European banks at Bank of America, believes
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The Indian economy is facing a significant slowdown in growth, with economists predicting that the GDP growth rate in the January-March quarter of 2022 will be the slowest in a year. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in the previous quarter, thanks to a sharp drop in subsidies. However, most economists
In a bold move towards technological advancement, Swedish financial technology company Klarna has reported that a significant majority of its workforce is now utilizing generative artificial intelligence tools as part of their daily tasks. With over 87% of its employees engaging with AI tools such as OpenAI’s ChatGPT and the company’s own internal AI assistant,
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