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Senators Vance and Bessent questioned major tech companies regarding AI security concerns, specifically before the release of Anthropic's Mythos. Separately, Bessent and Fed Chair Jerome Powell also met with heads of top U.S. banks to discuss potential cyber threats posed by the AI.
A recent analysis examines the stress in the private credit market, questioning whether it signals a crisis or growing pains, and suggests that major U.S. banks offer a safer investment alternative.
Discussions were held with major U.S. banks regarding Anthropic's new Mythos AI model, which was rolled out to a select group of companies due to concerns that hackers could exploit its capabilities.
The dollar is caught in a struggle over stablecoin regulation, with US banks and China vying for influence as a bill to regulate digital assets faces delays.
New regulations under the Basel plan are set to impose stricter mortgage capital requirements on U.S. banks, potentially impacting lending practices.