• Truist Financial stock is currently trading steady as investors analyze the combined impact of rising US interest rates and loan growth dynamics.
• Market participants are weighing the positive effects of increased corporate loan demand against potential revenue declines in wholesale banking caused by lower capital markets activity.
• This stability reflects a broader trend of investors reassessing the valuations of regional banks amidst shifting economic conditions.
• U.S. businesses are increasingly shifting from American AI models to Chinese open-weight alternatives due to rising token costs and financial pressures.
• This trend is evidenced by the rapid adoption of Z.ai’s GLM 5.2, which became the fastest-adopted model on its platform in 2026.
• Within its first full week of launch, GLM 5.2 saw a 27-fold increase in daily token volume and an 80% growth in its customer base.
FCA clashes with consumer group pushing for bigger compensation, alleging lack of transparency and conflict of interest The City regulator is trying to get the only consumer group arguing for higher motor finance scandal payouts thrown out of court, alleging that its co-founders have not been transparent about their funding and potential conflicts of interest.The accusations, laid out in legal filings on Wednesday, are the latest controversy in the long-running saga surrounding mis-sold car loans, with fears of large payouts having resulted in heavy lobbying by banks and a controversial intervention by the chancellor, Rachel Reeves. Continue reading...
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freezeSlideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027. Continue reading...
The Trump administration is requiring borrowers to choose new repayment options after the Biden-era plan was ruled unconstitutionalMore than 7 million Americans will be forced to change their student loan repayment plan beginning on Wednesday, as the Save plan officially ends. The termination of the Biden-era initiative, which was launched in 2023, coincides with a larger overhaul of the US student loan repayment system.The seismic changes to the student debt landscape are the results of the Trump administration’s One Big Beautiful Bill Act passed in 2025 and a March 2026 federal court ruling that the Save plan, an income-driven repayment program created with the goal of cutting undergraduate loans in half, was unconstitutional. Continue reading...
Advocates condemn change that caps loans at $20,500 per year – less than half median annual cost of PA programStrict new caps on federal student loans are causing would-be physician assistants to reconsider training, groups representing physician assistants said.An overhaul of the federal student loan system scheduled to go into effect 1 July strictly caps the annual amount of federal loans physician assistants can borrow to $20,500 per year – less than half the median annual cost of a PA program. Continue reading...
Exclusive: Ministers consider national threshold in England that could in effect bar thousands from studyingUniversity students would face minimum grade requirements to qualify for student loans in England under proposals that could in effect bar thousands of young people from higher education.Under one proposal being discussed by ministers, a pass in GCSE English would become the national threshold for students to access government-backed tuition and maintenance loans through the Student Loans Company. Continue reading...
Institutions could lose out on at least £200m a year if 30,000 or so potential students without even one GCSE are excluded each yearIf universities thought a Labour government would quickly revive their financial stability, those days are over. The vibes may have improved but little else has, with rising costs remorselessly squeezing their budgets and universities having to cut or close departments.Prestigious universities such as Nottingham were hit after tougher visa restrictions skewered their strategy of relying on overseas students paying higher tuition fees. Continue reading...
National Audit Office says agency proposes closing operations in 11 countries as part of turnaround planThe British Council faces cutting its workforce further and closing operations in 11 countries as it struggles to repay a crippling £197m Covid-era government loan that threatens its survival, the public spending watchdog has said.The UK’s soft-power agency remains loss-making six years on from the pandemic and is not expected to make a profit until 2029-30, a report from the National Audit Office says. Continue reading...
• Organizations shifted their focus in Q1 2026 from simply pursuing AI scale to prioritizing AI execution and operational readiness.
• The primary challenge has evolved into whether companies possess the specific tools and skills required to scale AI technologies successfully.
• This shift matters because leaders are now concerned with maintaining agility, security, and operational independence over the next five to ten years.
Treasury minister Lucy Rigby says the government has the right to alter terms of existing agreementsMinisters have rejected accusations that recent changes to student loans were unfair, arguing they are so heavily subsidised that the government has the right to alter their terms.Pressure has been intensifying on the UK government to reform the student loans system but the chief secretary to the Treasury, Lucy Rigby, told MPs on Wednesday that less than half of young people go to university, and the government had to bear in mind “fairness to taxpayers as a whole”. Continue reading...
White House says caps will lower tuition costs, but critics say they will exacerbate the country’s nursing shortageSign up for the Breaking News US newsletter emailWhile the Trump administration has argued that new restrictions on the size of federal student loans will lower tuition costs, public health officials and Democrats say the measures will exacerbate the country’s serious nursing shortage.As such, a group of 24 Democratic-led states and the District of Columbia recently sued the federal government seeking to block the new rule, which is set to take effect on 1 July. Continue reading...
Treasury select committee hears that interest rate and repayment terms are ‘extortionate’ and ‘not reasonable’Thousands of graduates have told an official inquiry their horror stories and bad experiences relating to student loans, underlining what the chair of an MPs’ committee called massive levels of “frustration and upset”.Amid an ongoing row over the ballooning cost of degree course debts, more than 52,000 people responded to a call for evidence by the Commons Treasury select committee as part of its inquiry into student loans and the taxation of graduates. Continue reading...
Anil Kochhar hopes textile graduates of North Carolina State can leave with ‘greater freedom to pursue goals’Anil Kochhar, a North Carolina State University donor, gave graduates of the school’s Wilson College of Textiles a lot more than just words of wisdom when he delivered their keynote commencement address recently.The Indian American entrepreneur also announced that he would pay off any student loans taken out by the college’s graduating pupils during their senior year. Continue reading...
Job ready graduates program will also leave almost two-thirds of humanities and creative arts students with debts exceeding $50,000Get our breaking news email, free app or daily news podcastOne in four humanities students will take more than 25 years to fully repay their student loans because of Morrison government changes to university fees, newly public Treasury modelling reveals.The job ready graduates program, introduced in 2021 under the former prime minister Scott Morrison, will also leave almost two-thirds of humanities and creative arts students saddled with debts exceeding $50,000. Continue reading...
The prime minister is backing the deal as it would allow British firms to access the contracts funded by the loanGood morning. In the UK many MPs will be spending the bank holiday campaigning for the elections on Thursday, but Keir Starmer is in Armenia, where he has announced that he wants the UK to join the EU’s €90bn (£78bn) loan for Ukraine.Starmer is attending a European Political Community summit in Yerevan. The EPC is the group set up four years ago comprising all the EU countries, plus almost all the other European countries that are not EU members. Mark Carney, the Canadian PM, is also attending (on the grounds, presumably, that in the light of the geopolitical upheavel caused by Donald Trump, the Canadians now count as honorary Europeans.)In relation to the EU loan that we are discussing participating in, that is very good for Ukraine, because it will give Ukraine capability that is desperately needs in year five of this conflict.It’s very good for the UK, because of the capability that leads to jobs in the United Kingdom.The extra funding to Ukraine could unlock opportunity for British businesses to fill urgent capability needs for Ukraine as part of the initiative and give British defence industry access to major contracts.The move is a significant step towards a new ambitious relationship between the UK and EU – building on the prime minister’s calls at the Munich Security Conference in February to deepen defence and security cooperation to match the rapidly evolving threats faced by both sides. It also comes ahead of the UK – EU summit, expected to be held this summer, where both sides will discuss further economic and security cooperation. Continue reading...
Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’Business live – latest updatesThe UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal.The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading...
MPs call for investigation into Essar Energy, owner of Stanlow refinery, which shifted loans from ‘Putin’s piggy bank’ VTB to MauritiusDays after the first wave of Russian tanks surged over the border into Ukraine in March 2022, dockers at a port in northern England took a stand.Appalled by Vladimir Putin’s brutality, workers at Ellesmere Port in Cheshire vowed never to unload any Russian oil destined for the nearby Stanlow refinery, a major hub for UK fuel supplies. Continue reading...
Leaders will discuss how to respond to surging energy prices amid the war in the Middle EastEurope live – latest updatesEU leaders have welcomed the end of diplomatic deadlock over a long-awaited €90bn (£78bn) loan for Ukraine, after the bloc finalised the agreement along with a 20th package of sanctions against Russia.After weeks of delay, the EU signed off on the loan on Thursday, in time for summit talks in Cyprus that are scheduled to begin in the evening and will include talks over a dinner with the Ukrainian leader, Volodymyr Zelenskyy. Continue reading...
Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipelineEU leaders are set to meet in Cyprus this evening to discuss the latest on the Middle East and the next EU budget, starting in 2028.But it looks like they will have a bit of a detour – and a reason to celebrate, too – as the long-awaited €90bn loan for Ukraine and the 20th package of sanctions against Russia are on course to be unblocked after four months of delays caused by Hungary’s Viktor Orbán. Continue reading...
Agreement for urgently needed loan reached after Ukraine resumed pumping Russian oil to Hungary and SlovakiaEurope live – latest updatesEU member states have reached agreement on unblocking an urgently needed €90bn (£78bn) loan for Kyiv and a new package of sanctions against Moscow after Ukraine resumed pumping Russian oil to Hungary and Slovakia, prompting Budapest to lift its veto.Cyprus, which holds the bloc’s rotating presidency, said member states’ ambassadors had agreed to launch “written procedures” for the final approval of the loan and the sanctions package, with formal sign-off on both due by Thursday afternoon. Continue reading...
Member states meet this morning to discuss loan after longstanding disagreement between Kyiv and outgoing Hungarian PM Viktor OrbánAfter four months of very public disagreements between Ukraine and Hungary, today could be the day when the EU finally signs off (for the second time) on the critical €90bn loan for Kyiv.Ukraine’s president Volodymyr Zelenskyy confirmed yesterday that the Druzhba pipeline, carrying Russian oil imports to Hungary and Slovakia, has been repaired and is ready to be used again. EU’s top diplomat, Kaja Kallas, said yesterday she expected “a positive decision” within the next 24 hours. Continue reading...
Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator’s £9.1bn redress scheme. Continue reading...
EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,513The EU expects to start releasing a new €90bn loan to Ukraine in the second quarter, the bloc’s economy chief told AFP on Thursday. The EU’s economy commissioner, Valdis Dombrovskis, was speaking on the sidelines of the International Monetary Fund and World Bank’s spring meetings, which brought finance ministers, central bankers and other leaders to Washington. “Our support for Ukraine, also continued pressure and sanctions against aggressor Russia was very much part of the agenda,” Dombrovskis said. He warned that Moscow was “emerging as a winner from this war in Iran, because it provides windfall profits to feed Russia’s war machine”.Russia hammered civilian areas across Ukraine with drones and missiles on Thursday, killing at least 17 people and wounding more than 100 others in the worst aerial attack in weeks, Ukrainian authorities said. Nearly 700 drones and dozens of ballistic and cruise missiles were used, as Ukrainian officials said vital stocks of advanced interceptors were running low.Donald Trump on Thursday condemned a massive Russian drone and missile attack across Ukraine that ripped through apartment buildings in the capital, Kyiv. Asked by reporters at the White House for his reaction to the barrage, Trump said: “I think it’s terrible.”It is not in the interest of the US that Russia is the winner of the Iran war, the German vice chancellor, Lars Klingbeil, said on Thursday in Washington. “It’s not in our interest and it cannot be in the interest of the United States,” he said in a joint statement with the finance ministers of Ukraine and Norway on the sidelines of the IMF spring meetings. Klingbeil said the Russian economy was growing thanks to the Middle East conflict and the country was profitting from the energy situation. As the conflict in the Middle East dominated the gathering of finance officials at the IMF in Washington, the ministers of Norway, Germany and Ukraine spoke about not forgetting to support Ukraine in its defence against Russia. “All the meetings here are about the question of what’s happening with the war in Iran, and I think it’s really important we show solidarity with our friends in Ukraine,” Klingbeil said.The heads of the EU and Nato on Thursday discussed efforts to bolster Europe’s arms production, as Donald Trump threw doubt on Washington’s commitment to the transatlantic alliance. “We need to invest more, to produce more and to do both faster,” the European Commission’s president, Ursula von der Leyen, posted online after meeting Nato’s chief, Mark Rutte. European nations are scrambling to bolster their militaries in the face of Russia’s war on Ukraine and pressure from Trump. Continue reading...
Luther Davis, a national champion with the Crimson Tide, is said to have worn wigs and make-up to secure fraudulent loansA former University of Alabama football star plans to plead guilty later this month to orchestrating an alleged scheme in which he impersonated NFL players and defrauded lenders out of nearly $20m. The alleged scam is described in detail by the US attorney for the northern district of Georgia, including depictions of the former defensive lineman donning disguises during loan closings.Luther Davis, a member of the Alabama team that won the 2010 national championship game, along with a partner, CJ Evins, “obtained at least thirteen fraudulent loans totaling more than $19,845,000”, the criminal information filing alleges. A criminal information (CI) document is filed by a US attorney when a defendant agrees to waive the constitutional right to indictment by a grand jury and instead proceed by typically entering a guilty plea; both Davis and Evins are doing so according to the court docket.Aliya Sports and Sure Sports did not reply to a request for comment for this article. Continue reading...
Student Finance England tells about 22,000 students their universities wrongly told them they were eligibleMore than 20,000 university students in England who received government maintenance loans and grants worth thousands of pounds have been told they will have to pay them back because their universities wrongly told them they were eligible for the money.About 22,000 students studying for weekend courses at 15 universities and colleges have received letters from Student Finance England, part of the government-owned Student Loans Company, telling them they must hand back the money because their university “made an error when providing your course details to us. Unfortunately, they didn’t tell us you only attended on [sic] the weekend.” Continue reading...
Minister says change for plan 2 and 3 loans in England and Wales will ‘protect borrowers’ from impact of global conflictUK politics live – latest updatesThe interest rate on plan 2 and plan 3 student loans will be capped at 6%, the Department for Education has announced.Graduates with plan 2 loans currently pay interest rates based on the retail price index (RPI) measure of inflation, plus up to 3% based on their earnings. Current students on plan 2 and plan 3 loans attract an interest rate of RPI +3% while they are studying. Continue reading...
• The U.S. Energy Department announced plans Wednesday to loan an additional 10 million barrels of crude from the Strategic Petroleum Reserve as part of a 172 million-barrel drawdown.
• West Texas Intermediate crude prices exceeded $112 per barrel due to ongoing Iran conflict disruptions, prompting the reserve release to curb domestic fuel costs.
• Critics warn the extensive SPR drawdown heightens U.S. energy vulnerabilities during prolonged geopolitical tensions and supply chain risks through key chokepoints.
• CoreWeave, Inc. (CRWV) shares jumped 12% after securing an $8.5 billion loan to scale its AI infrastructure.
• The financing strengthens investor confidence in CoreWeave's expansion plans amid booming demand for AI computing power.
• This deal highlights growing capital inflows into AI-focused firms, potentially accelerating sector growth in 2026.
Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange themLloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders.The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set up by Lloyds’ motor finance arm, Blackhorse. Continue reading...
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