March 18, 2024/US SEC The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI). The firms agreed to settle the SEC’s charges and pay $400,000 in […]
More News
More Work is Needed to Make Big Banks Resolvable
(Credit: Seibertfilm/iStock by Getty Images) March 18, 2024/IMFBlog By Tobias Adrian and Marc Dobler Almost a year ago, Credit Suisse, a globally systemic bank with $540 billion in assets and the second-largest Swiss lender, founded in 1856, failed and was sold to UBS. In the United States, Silicon Valley Bank, Signature […]
Nestle Nigeria Plc 2023FY: A Challenging Year but Positive Medium-Term Outlook
March 18, 2024/Cordros Report In this report, we update our views on NESTLE following the release of its 2023FY results. NESTLE’s strong operating profit showcased its ability to navigate the pressured consumer market characterised by rising costs, naira devaluation and weak disposable income. However, FX losses due to naira devaluation offset […]
