China's financial institutions adopt cautious stance on AI amid U.S. discussions on emerging technologies
As concerns over developing artificial intelligence technologies rise, particularly regarding Anthropic's new AI model, Mythos, China's financial institutions are reportedly taking a measured approach. This comes as U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened with leading U.S. banks to address cybersecurity threats linked to AI. The discussions highlighted the urgent need for enhanced cybersecurity assessments to mitigate potential economic disruptions that could reach into the hundreds of billions of dollars. In a recent report by Bloomberg, sources indicated that Bessent and Powell held an emergency meeting with major banking heads to discuss the implications of... [Continue Reading]
360LiveNews | 10 Apr 2026 16:37 LONDON
US Treasury Launches Cybersecurity Info Sharing Initiative for Digital Asset Firms
Department of the Treasury's Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) has launched a new initiative focused on strengthening cybersecurity within the digital asset industry. This program will provide eligible U.S.-based digital asset firms and industry organizations with timely, actionable cybersecurity information at no cost. The initiative is designed to help these firms identify, prevent, and respond more effectively to cyber threats, reflecting recommendations from the President's Working Group on Digital Asset Markets report. Treasury officials emphasized the growing importance of digital asset firms within the financial sector, highlighting the critical need for increased resilience to safeguard the broader... [Continue Reading]
Breaking-360LiveNews | 09 Apr 2026 16:00 LONDON
BNY Mellon Chosen to Manage New Trump Accounts Program for Families
The U.S. Treasury Department designated The Bank of New York Mellon (BNY) as its financial agent to implement the Trump Accounts program, a new initiative aimed at helping families open financial accounts for children. BNY will manage the initial accounts and is tasked with developing a user-friendly app for easy access and management of these accounts. In partnership with Robinhood, which will act as the brokerage and initial trustee, BNY’s role will help expedite account setup and management, ensuring that every eligible child can participate quickly and securely. The Trump Accounts app is designed as a custom product to meet... [Continue Reading]
Breaking-360LiveNews | 06 Apr 2026 16:18 LONDON
Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]
360LiveNews-Opinion | 19 Feb 2026 08:49 LONDON
