Anthropic this week unveiled Claude Mythos, an AI model capable of autonomously attacking critical software infrastructure – including the systems global banking runs on. It is powerful enough that the company chose not to release it publicly. The reason our banking system is so vulnerable was already sketched by an economist
After Credit Suisse: One Bank to Rule Them All In March 2023, Credit Suisse – one of the world’s most established banks – teetered on the edge of collapse. Within a frantic weekend, Swiss regulators brokered an emergency takeover by rival UBS, propped up with over 200 billion francs in state
Inside the Panic That Reshaped Finance Picture this: it’s 2008, and the financial world is collapsing. Lehman Brothers has just filed for bankruptcy, stock markets are in freefall, and governments are scrambling to save the banking system from implosion. Overnight, billions of taxpayer dollars are poured into bailouts. For
The 2008 financial crisis happened because clean numbers told banks they were safe while the leverage underneath built toward catastrophe. The same pattern is forming now in law firms, hospitals, and consultancies. The metric is no longer risk. It is productivity. And what erodes beneath the rising numbers is human
Anthropic this week unveiled Claude Mythos, an AI model capable of autonomously attacking critical software infrastructure – including the systems global banking runs on. It is powerful enough that the company chose not to release it publicly. The reason our banking system is so vulnerable was already sketched by an economist
The Crisis Wasn't Missed. It Was Made Missable. On a grey Wednesday in early November 2008, Queen Elizabeth II walked into the London School of Economics to open a new building and asked a question that sounded almost childlike in its simplicity: Why did nobody see it coming?
After Credit Suisse: One Bank to Rule Them All In March 2023, Credit Suisse – one of the world’s most established banks – teetered on the edge of collapse. Within a frantic weekend, Swiss regulators brokered an emergency takeover by rival UBS, propped up with over 200 billion francs in state
September 2008: When Risk Became Global On Monday morning, September 15, 2008, the world watched Lehman Brothers collapse. It wasn’t proof that the biggest institutions could fail safely. It was the opposite: a live demonstration of what happens when a major, tightly connected bank goes down without a clear
Inside the Panic That Reshaped Finance Picture this: it’s 2008, and the financial world is collapsing. Lehman Brothers has just filed for bankruptcy, stock markets are in freefall, and governments are scrambling to save the banking system from implosion. Overnight, billions of taxpayer dollars are poured into bailouts. For