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Threat of AI share crash puts world financial stability at risk, says IMF

High valuations and debt put sector in danger, while fund also warns on government borrowing and cyber-attacks

The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned.

In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”.

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© Photograph: Aly Song/Reuters

© Photograph: Aly Song/Reuters

© Photograph: Aly Song/Reuters

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Top bosses at Goldman Sachs to share bonus pot worth up to $500m

Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s history

Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history.

The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock.

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© Photograph: Aaron Schwartz/Reuters

© Photograph: Aaron Schwartz/Reuters

© Photograph: Aaron Schwartz/Reuters

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UK regulator FCA to investigate how it handled Epstein whistleblower who took his own life

British banker Simon Andriesz helped to expose alleged ties between late sex offender Jeffrey Epstein and US commerce secretary Howard Lutnick

A top UK regulator has launched an investigation into how it handled a whistleblower – who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick – after he took his own life.

The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend.

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© Photograph: Rob Byrne/BBC

© Photograph: Rob Byrne/BBC

© Photograph: Rob Byrne/BBC

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