Ruben McCarthy

Sub Editor | #DisruptionBanking

[Ruben McCarthy @rubenmccarth]

@kjoules HSBC is accelerating its AI strategy as CEO Georges Elhedery urges staff to adapt. With potential job cuts on the horizon this reflects the wider shift happening across banking: https://t.co/wrhPasZbfL

[Ruben McCarthy @rubenmccarth]

HSBC CEO Georges Elhedery urges staff to embrace AI amid plans for up to 20,000 job cuts.
https://t.co/wrhPasZbfL

[CoinDesk @CoinDesk]

INSIGHT: @IOHK_Charles on removing Section 604 from the CLARITY Act: "You develop open source software, give it to the world, someone does something with it without your consent, and you're forever liable. It's a dystopian nightmare."

[Reuters Business @ReutersBiz]

Local government pension schemes managing assets totaling some $541 billion are among Britain's biggest investors in non-bank ‘shadow lending’ funds, a sector the Bank of England recently flagged concerns over. More here: https://t.co/jAR9ThsXG7

[Ruben McCarthy @rubenmccarth]

US inflation matters for British investors as stronger-than-expected price data can delay Fed rate cuts, lift the dollar and push up global yields, rippling through UK equities, bonds and sterling.

[Bloomberg @business]

Kevin Warsh, the man set to be confirmed as the new head of the US central bank, might want to reduce interest rates, but inflation is not co-operating. Here’s why that matters for British investors as much as it does the US. https://t.co/4ddYb992nR

[#DisruptionBanking @DisruptionBank]

IMF signals Dutch growth slowing to 1% on energy shocks from Middle East conflict. Coalition reforms key to easing bottlenecks and driving innovation led resilience.
#Netherlands #IMF #Investment
https://t.co/90PQLZ4gxT

[Ruben McCarthy @rubenmccarth]

Anthropic warns that unauthorised share transfers on platforms like Hiive and Forge Global are void and have no legal value without board approval, amid secondary trading implying valuations near $1 trillion.
https://t.co/Bgat6BC31j
#Anthropic #AI

[Ruben McCarthy @rubenmccarth]

Great conversation with Tom Lazenga, President of @WaypointTS. In this interview, he explains how their unified platform is reshaping trading infrastructure. https://t.co/fWcEr6SEhR #FinancialMarkets #MarketData #Trading

[Ruben McCarthy @rubenmccarth]

The US Senate Banking Committee will hold a vote on May 14 on the CLARITY Act, a bill that could reshape oversight of digital assets including Bitcoin, Ethereum and XRP.
https://t.co/dyxq9yLZQ6
#CLARITYAct #ETH #XRP #Bitcoin

[Ruben McCarthy @rubenmccarth]

SanDisk (SNDK) has gained strongly from the AI boom. Investors are now weighing whether the stock remains a buy or if the market has moved too far ahead.
https://t.co/8L6rkQl5Ax
#SanDisk #SNDK #AIStocks #Investing

[Bloomberg @business]

Citigroup is aiming to boost its prime brokerage balances to more than $700 billion by 2028 — more than triple the amount it had in 2022 — as the bank seeks to deepen its ties with hedge fund clients https://t.co/MDawFAJBK0

[Bloomberg @business]

AI isn’t ready to replace your fund manager — and the public experiments testing it are showing why. https://t.co/71gYBGxKRM

[Ruben McCarthy @rubenmccarth]

Anthropic’s latest AI push signals deepening ambition to embed itself in institutional finance.
https://t.co/LRrgcewRTH
#Anthropic #ClaudeAI #AI #WallStreet

[Bloomberg @business]

The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall from higher prices and others including the UAE seeing a drop in petrodollar income. https://t.co/YaHuCftEXO

[Bloomberg @business]

Caterpillar’s biggest Wall Street bear has thrown in the towel after watching the stock more than double on the back of surging demand for the company’s power generation equipment. https://t.co/sPCzBzzgP5

[Ruben McCarthy @rubenmccarth]

Anthropic’s Mythos triggers Euro-area crisis talks. Finance ministers and banking supervisors meet Monday over fears the advanced AI could exploit legacy bank systems.
https://t.co/kpxhm0CIn6 #Mythos #Anthropic #Cybersecurity #Banking

[Ruben McCarthy @rubenmccarth]

Chevron reports lower Q1 earnings but beats Wall Street expectations.
https://t.co/WaVOXn2xVK #Chevron #EnergySector #Oil #Q1Earnings

[#DisruptionBanking @DisruptionBank]

Europe’s largest crypto adoption study is out
Ari10’s report (100k+ responses) finds 31% of Europeans actively investing in digital assets, with Poland at 47.1%
Over 60% view them as relatively safe; regulation remains the main barrier
#Crypto #Adoption
https://t.co/6YRXlfNLNw

[Bloomberg @business]

The yellow metal’s share of reserves is returning to pre-1990s levels. https://t.co/hNa5bdn3tY

[Ruben McCarthy @rubenmccarth]

Polymarket is adding new detection tools after heavy backlash over insider bets. This move signals a bigger shift in prediction markets under growing scrutiny.
#Polymarket #PredictionMarkets

[Bloomberg @business]

Polymarket is partnering with blockchain analytics firm Chainalysis to help police its platform as prediction markets grapple with increased scrutiny over insider trading. https://t.co/GzPjKJSYbO