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Pete Schroeder
A special police member monitors a protest, while inside the Consumer Financial Protection Bureau (CFPB) building, a day after members of the Department of Government Efficiency (DOGE) led by billionaire entrepreneur Elon Musk moved into the CFPB, in Washington last Saturday.
BUSINESS / Markets
Feb 14, 2025
Rapid unraveling of U.S. consumer watchdog leaves financial firms in limbo
The Consumer Financial Protection Bureau may be reviled by the industry, but its abrupt undoing is causing upheaval among those it regulates.
U.S. Treasury Secretary Scott Bessent (left) speaks during an executive order signing ceremony with U.S. President Donald Trump and Howard Lutnick, chief executive officer of Cantor Fitzgerald and U.S. commerce secretary nominee, in the Oval Office of the White House in Washington on Monday.
BUSINESS
Feb 4, 2025
Trump orders creation of U.S. sovereign wealth fund and says it could buy TikTok
The text of the executive order was sparse on details, and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days.
A trader shows off a shirt featuring U.S. President-elect Donald Trump on the floor of the New York Stock Exchange in New York City on Wednesday.
BUSINESS / Markets
Nov 9, 2024
Wall Street drafts Trump wish lists over bank capital and SEC regulation
Numerous financial trade groups are working on detailed lists to hand to Trump's transition team, according to four industry sources.
ICBC Financial Services said in a statement a ransomware attack resulted in disruption to certain systems and it was conducting an investigation and "progressing its recovery efforts."
BUSINESS
Nov 10, 2023
China's biggest lender ICBC hit by ransomware attack
The lender said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.
Japan Times
BUSINESS
Mar 30, 2023
U.S. bank supervision needs more speed and transparency in wake of SVB debacle, critics say
The Fed’s vice chair claims that supervisors repeatedly identified risks to the failed bank, leading to accusations by lawmakers that the problems had not been escalated fast enough.
Japan Times
BUSINESS
Mar 13, 2023
After Silicon Valley Bank failure, U.S. acts to shore up confidence in banking system
The move will not lead to losses by American taxpayers and all depositors, including those whose funds exceed the maximum government-insured level, will be made whole.
Japan Times
WORLD
Jul 7, 2022
How Republican-led states are targeting Wall Street with 'anti-woke' laws
The growing restrictions show how America's culture wars are creating new risks for U.S. companies, forcing them to balance pressure from workers and investors.
Japan Times
BUSINESS
Mar 16, 2022
With Sarah Raskin out, Biden may pick a moderate for Fed regulatory job
Raskin's decision to withdraw her nomination came a day after centrist Democratic Sen. Joe Manchin said he would not support her for the powerful role of overseeing Wall Street banks.

Longform

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