And crypto regulation
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders
Plus, updates on ether ETFs and Coinbase
Asset manager says US regulators could enforce ownership caps, raising costs for index-tracking funds
Penalty shows how chief executive Jane Fraser is struggling to resolve chronic issues plaguing the bank
Bipartisan realignment of antitrust stance shakes up corporate expectations of Republicans and Democrats
Recent US Supreme Court decisions curtail federal agencies’ power
Appeals court ruling that found financial regulator had exceeded its authority will stand
Banking returns were superior at the time of its IPO 25 years ago
Bank appeals against regulator’s conclusion that it would lose more than $40bn in worst-case scenarios
Letter says deal warrants ‘special scrutiny’ on any ties between AI group and China
Recent Supreme Court decisions have hamstrung regulators but they will also make things much more complex
Penalty stemmed from bank’s inability to correct problems that it had already been cited for in 2020
Implosion in 2021 sent shockwaves through US equity markets and cost Wall Street banks billions of dollars
Elizabeth McCaul says rapid growth of lightly regulated lenders could translate into ‘systemic’ threat
Closing arguments cap eight-week trial in which lawyers for former trader say government failed to prove its case
Involvement by Interactive Brokers and Susquehanna boosts finance-related event contracts
California-based bank had grown as it drew in crypto customers but later failed after billions were withdrawn
Decision in case involving securities regulator is latest to take aim at power of federal agencies
This year’s assessments involved a theoretical scenario of 10% unemployment during a severe recession
Top securities regulator says he is determined to keep advancing agency’s rulemaking despite pushback
Regulators say they found ‘shortcomings’ in how the lenders would handle their own failures
FDIC concludes hypothetical strategy in event of bank’s failure is deficient on data controls
It’s bankers versus regulators in a battle over Basel III Endgame.
Mairead McGuinness says one-year deferral of market risk rules will preserve “level playing field”
