A lot of financial firms are still running on old, outdated systems. The Financial Conduct Authority (FCA) said in a recent report that 92% of U.K. firms are using legacy technology and that 78% are ...

"The modern financial system is broken, it's slow, it's expensive," Eric Trump told CNBC in the UAE. The executive vice president of the Trump Organization has made frequent visits to the desert ...

Eric Trump, the executive vice president of the Trump Organization, delivered a fiery indictment of the global financial system during a panel at the Token2049 conference in Dubai, calling it "broken, ...

Pope Francis and the Vatican issued a criticism of many aspects of the modern financial system in a new document published Thursday, raising specific concerns about trading practices, offshore tax ...

2025 has been a tumultuous year for financial crime prevention. The modern financial system continues to face unprecedented new and emerging threats from a myriad of directions, as criminal deploy ...

We are approaching a moment where financial systems behave less like human-run institutions and more like intelligent, ...

Fractional reserve banking is a cornerstone of modern financial systems, significantly shaping banking practices globally. The concept refers to the practice whereby banks hold only a fraction of ...

Byline: Kaitlyn Gomez  As businesses try out decentralized systems for better reporting and oversight, the effect of blockchain on corporate finance is speeding up. The rise in interest in business ...

LONDON (Reuters) - The recent financial market turmoil, sparked by losses related to U.S. subprime mortgage securities, has imposed the first major stress test on the modern financial market system, ...