BANKING
Commercial Banks Stocking Up On Treasuries
US commercial banks are stocking up on Treasuries at levels not seen since the pandemic.
AI
Intuit Bets Big on AI
Known for its accounting software, Intuit, is betting big on AI. CEO, Sasan Goodarzi, says Intuit’s strategy is to become an AI-driven expert platform.
FRAUD
SBF Sentenced
Sam Bankman-Fried has been sentenced to 25 years in jail for committing fraud. Not what prosecutors were expecting (they pleaded for double the amount of time).
In announcing SBF’s sentencing, the judge also stated he did not find SBF had shown any remorse for stealing so much money from clients.
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