Bank of America and AI, exchanges feud with researchers, a potential EU tax on US tech, and more

The Waters Cooler: Broadridge settles repos in real time, Market Structure Partners strikes back at European exchanges, and a scandal unfolds in Boston in this week’s news roundup.

Credit: Joel Filipe

US tariff announcements shook global markets as social media imagined a world of $3,500 iPhones. Much remains uncertain, including whether, come December, Norad will have the AI-leveraged data to predict whether sleigh-loads of manufactured toys departing the North Pole will reach children by December 25th.

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Announced this week

Morgan Stanley agented BSL deals now live on Versana’s data platform

Versana, a syndicated loan and private credit data and tech company, added Morgan Stanley

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Cloud infrastructure’s role in agentic AI

The financial services industry’s AI-driven future will require even greater reliance on cloud. A well-architected framework is key, write IBM’s Gautam Kumar and Raja Basu.

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