_{FINANCIAL NEWS}

​UK Study Finds AI-Generated Content Increases Risk of Bank Runs

A UK study warns that AI-generated fake news on social media increases the risk of bank runs. Disinformation—like false claims about unsafe deposits—can spread rapidly, prompting panic withdrawals, as seen with Silicon Valley Bank in 2023.

The report found:

• 33% of people were extremely likely to move their money after seeing AI-generated fake content.

• Just £10 in social media ads could trigger £1 million in withdrawals.

Researchers urge banks to monitor social media and integrate it with withdrawal tracking. While some banks like Revolut are taking action, others stayed silent. Regulators remain concerned, even as industry optimism about AI grows. Could this happen in the US? Read More.

_{ECONOMIC NEWS}

Economists Say the U.S. Dollar’s Decline as the World’s Dominant Currency Is Inevitable

Economists at a recent Milken Institute conference said the global economy is steadily shifting toward a multicurrency system, driven by China's push to internationalize the yuan and advancements in financial technology. Yuan invoicing has risen from 0% to 30% of China’s trade in the past decade, and non-traditional reserve currencies have grown from 2% to 11%.

Alternative payment systems like CIPS and mBridge are challenging the dominance of SWIFT, which experts called a “technological relic.” China’s issuance of offshore yuan bonds now surpasses Japan’s samurai bonds, and it has signed currency swap deals with over 40 central banks.

While the U.S. dollar still dominates, economists agree that de-dollarization is underway, with financial decentralization expected in the long term. China could also play a role in addressing the global shortage of safe investment assets. Read More.