United Statesfin

Bank of England Governor Andrew Bailey says that British banks are still locked out of using Anthropic PBC's powerful new AI tool. Speaking with Bloomberg's Stephanie Flanders at a central banking conference in Iceland, Bailey adds that banks are using other models to test their cyberdefenses.

Max Kettner, chief multi-asset strategist at HSBC, says the strength of tech earnings "made us care a little less about higher yields." He speaks on "Bloomberg Surveillance."

The Bank of Nova Scotia (Scotiabank) (NYSE:BNS) has signed a definitive agreement to acquire Maple Financial Holdings, the parent company of MapleMark Bank, a U.S. commercial bank based in Dallas, Texas. Financial terms of the transaction were not immediately disclosed.

The former Chair of Société Générale, Lorenzo Bini Smaghi, has stepped down after more than a decade at the helm. Bini Smaghi says he leaves the lender with 'best in class' governance and a share price 60% higher than when he joined. But he added that the restructuring is not fully over and there are big deals to come. Bini Smaghi joined Lizzy Burden on 'The Pulse'.

Apollo and Blackstone are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic build out its AI infrastructure. The debt will be used to purchase Google's custom chips known as tensor processing units, or TPUs, which Anthropic will then lease, according to people with knowledge of the matter. Bloomberg's Neil Campling reports.

Miriam Wheeler, Goldman Sachs global head of leverage finance, says investors are focused on hard assets associated with the infrastructure buildout of artificial intelligence and this is a "generational opportunity." Wheeler says power demand for data centers will double over the next few years. She speaks to Dani Burger on Bloomberg Open Interest.

Bob Doll, CIO at Crossmark Global Investments, says his firm is trying to be "more reactionary than usual" in the current market environment and is looking to buy stocks with "okay fundamentals."

Royal Bank of Canada (NYSE:RY) delivered a powerful second-quarter performance, reporting a 25% surge in net income as growth accelerated across all primary business divisions.

The Bank of N.T. Butterfield & Son (NYSE:NTB) entered into a definitive agreement to acquire a controlling 91.7% stake in CIBC Caribbean Bank from Canadian Imperial Bank of Commerce.

Strategists at Goldman Sachs increased their year-end target for the US benchmark to 8,000 points, ditching a previous forecast of 7,600. They see earnings growth powered by the AI boom driving further gains in stocks. Michael Msika reports on Bloomberg Television.