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Tag Archives: wells fargo

Japanese Financial Giant Mizuho to Let 45000 Employees Test Out OpenAI

Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology. On Tuesday, June 27, Japan’s third-largest banking institution Mizuho declared that it will allow all of its 45,000 employees in Japan to use Microsoft’s Azure OpenAI from this week. This will make the Mizuho Group the first financial company in Japan to use generative AI. Niu Dujungang,...

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PacWest Leads Crash in Banking Stock Falling 28% as Others Follow Suit

PacWest and Western Alliance banks recorded heavy losses on Tuesday as the market is still reeling from problems caused by recent collapses. Shares of bank holding company PacWest (NASDAQ: PACW) led a heavy crash in bank stocks on Tuesday. The stock tumbled nearly 28% as the general banking clime continues to sour following bank failures plaguing the sector. PacWest stock closed at $6.55 after falling 27.78% on the day. In addition to PacWest, Arizona-based Western Alliance Bancorp...

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Stock Futures Advance Ahead of Big Week for Bank, Corporate Earnings

Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the Nasdaq 100 futures increasing by 0.06%. In addition, futures tied to the Dow Jones Industrial Average (DJIA) also advanced 0.13% or 43 points. The banking sector got off to...

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