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62-year-old Indian-American man to be denaturalized for $2.5 million fraud, false information

TIMESOFINDIA.COM / May 09, 2026, 01:48 (IST)

US stock markets today (May 5, 2026): S&P 500 nears record high; oil cool-off, strong earnings lift sentiment

TIMESOFINDIA.COM / May 05, 2026, 20:25 (IST)

What global banks said about Anthropic's new Mythos model that the company ‘refused’ to release publicly

TIMESOFINDIA.COM / Apr 27, 2026, 16:35 (IST)

Anthropic's powerful AI model, Claude Mythos, capable of finding software vulnerabilities, has prompted a global financial sector scramble. Banks, regulators, and central bankers are urgently assessing risks and accelerating cybersecurity investments. Project Glasswing offers controlled access for defensive security work, highlighting the evolving threat landscape.

Fears of Anthropic’s new AI model Mythos reach Canada, get executives of Canada's biggest banks and regulators in a huddle

TIMESOFINDIA.COM / Apr 12, 2026, 15:05 (IST)

Canadian financial leaders and regulators convened to address cybersecurity risks posed by Anthropic's new AI model, Mythos. The dual-use technology, capable of both detecting and exploiting software vulnerabilities, has raised concerns about its potential weaponization by malicious actors. This follows a similar discussion among U.S. financial authorities.

US markets today (April 14, 2026): Dow, S&P 500, Nasdaq rise on Middle East de-escalation hopes; earnings in focus

TIMESOFINDIA.COM / Apr 14, 2026, 20:42 (IST)

How ‘fears’ about Anthropic's AI model Mythos made CEOs of Google, OpenAI, Microsoft, CrowdStrike and others do a concall with the US government

TIMESOFINDIA.COM / Apr 11, 2026, 16:40 (IST)

US officials, including VP Vance and Treasury Secretary Bessent, held a private call with tech giants like Google, Microsoft, and OpenAI to discuss security concerns surrounding Anthropic's powerful new AI model, Mythos. The model's potential to expose cybersecurity vulnerabilities and shift the attack-defense balance prompted this urgent discussion, following a significant market sell-off attributed to AI's disruptive capabilities.

From a $2 trillion IT stocks wipeout to an emergency DC meeting: How Anthropic’s AI is becoming Wall Street’s biggest headache

TIMESOFINDIA.COM / Apr 10, 2026, 12:30 (IST)

US Treasury Secretary and Federal Reserve Chair urgently met with top bank CEOs to discuss Anthropic's new AI model, Claude Mythos Preview. This powerful AI can find software vulnerabilities, raising cybersecurity concerns for the financial system. Anthropic launched Project Glasswing to proactively fix flaws before attackers exploit them.

Tennessee woman who spent months in jail after police used AI facial recognition to link her to crimes in Dakota, says she has never been to the State

TIMESOFINDIA.COM / Mar 30, 2026, 14:05 (IST)

A Tennessee woman spent months in jail after an AI facial recognition tool incorrectly identified her as a suspect in bank fraud cases in North Dakota. Fargo police admitted errors in their reliance on a partner agency's AI system, which has since been prohibited. The incident highlights concerns about the technology's use in investigations.

Rupee at 100? Currency may slide further versus US dollar as crude oil prices rise, Middle East conflict persists

TIMESOFINDIA.COM / Apr 01, 2026, 10:33 (IST)

Even prior to the conflict, the rupee was facing downward pressure due to widening external imbalances and persistent capital outflows. The surge in oil prices has intensified these challenges for the world’s third-largest crude importer.

Four people freed from ongoing Minnesota bank robbery standoff

AP / May 07, 2021, 08:16 (IST)

A standoff between Minnesota police and an alleged hostage-taker continued into the evening Thursday despite the release of four bank employees.

Yes Bank gets another $150 mn from OPIC to fund SME lending

PTI / Jul 13, 2017, 22:22 (IST)

New Delhi, July 13 () Private sector Yes Bank has received another round of USD 150 million funding from US government and Wells Fargo to fund SME lending.

IndusInd Bank secures $225 mn loan from OPIC to fund MSME

PTI / Jun 09, 2017, 14:09 (IST)

New Delhi, Jun 9 () Private sector player IndusInd Bank has raised USD 225 million (about Rs 1,445 crore) from a US government funding agency for lending to small and medium enterprises.

NRI businessman imprisoned for visa fraud in US

PTI / Apr 01, 2011, 10:06 (IST)

An Indian businessman has been sentenced to prison in California on charges he fraudulently tried to get H-1B work visas for workers from India to fill non-existent jobs in the US.

Wells Fargo layoffs: US banking firm CEO says AI rollout next year; 'We'll likely have...'

TIMESOFINDIA.COM / Dec 09, 2025, 23:53 (IST)

Wells Fargo CEO Charlie Scharf announced plans for workforce reductions next year, anticipating higher severance costs this quarter. He highlighted that even without AI, employee numbers are expected to decrease. The bank will gradually implement AI, which is projected to boost efficiency and lead to some job cuts, a move Scharf termed a 'positive reality'.

wells fargo banks on Bangalore to derisk its India operations

TNN / Jul 08, 2011, 06:03 (IST)

Wells Fargo, the fourth-largest bank in the US by assets, is banking on its recently opened Bangalore captive centre to de-risk its India operations. The company, at present, is heavily dependent on its Hyderabad centre.

US banks fined $549 million for hiding messages in iMessage, WhatsApp

TIMESOFINDIA.COM / Aug 09, 2023, 17:22 (IST)

Several US financial firms have been fined for being unable to produce records of conversations about company business conducted among employees. Regulators said the firms' employees used messaging apps like iMessage, WhatsApp, and Signal to discuss company business, erasing the conversations afterwards. The firms include Wells Fargo, which paid a combined $549m in fines, the most significant portion of which were for the bank's firms.

Wells Fargo India opens its second facility in Hyderabad

TNN / Jan 23, 2014, 21:32 (IST)

Wells Fargo India Solutions, an indirect subsidiary of the diversified financial services company Wells Fargo & Company, on Thursday said it had inaugurated its second facility in Hyderabad.