Tag: Banking and credit regulation
Senate OKs tough former regulator as market watchdog chief
WASHINGTON — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on...
Powell defends Fed’s consideration of climate change risks
WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday defended the Fed's increasing scrutiny of the threat that climate change could pose to the...
Genworth pulls plug on its acquisition by China Oceanwide
RICHMOND, Va. — Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company.
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Cyprus kicks off new registry declaring true company owners
NICOSIA, Cyprus — A new digital registry obliging Cyprus-based companies to declare their true owners puts the east Mediterranean island nation in line with...
Budget writers derail plan seen as bailout for Hoeven’s bank
BISMARCK, N.D. — Budget writers in the Republican-controlled North Dakota House want to derail legislation to save a troubled shipping facility, after criticism that...
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
Congressional Democrats push $50B bill for nonprofits
Congressional Democrats are pushing a federal bill that would give nonprofits $50 billion to help them retain employees, hire newly unemployed workers and expand...
Critics say rail facility bailout would help Hoeven’s bank
BISMARCK, N.D. — North Dakota’s Republican-led Legislature is considering giving $10 million to an intermodal rail facility, a move backers say will reduce shipping...
NatWest unit faces criminal charge in money laundering case
LONDON — National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 million) deposited into a...
Battling bigness: Congress eyes action against monopolies
WASHINGTON — The battle against bigness is building. Whether it’s beer, banks or book publishing, lawmakers are targeting major industries they say have become...