Biden Labor Regulator Rolls Out Final Rule Requiring Employers To Give Time Off For Abortions
The Equal Employment Opportunity Commission (EEOC) issued its final rule on Monday to enforce the Pregnant Workers Fairness Act (PWFA), giving new protections for women seeking abortions. The EEOC rule dictates that…
China to boost credit support to consumer sector – regulator
BEIJING (Reuters) – China will guide banks to boost credit in the consumer service industry, its financial regulator said on Thursday, as authorities seek to boost a flagging post-pandemic economic recovery. “Residents’…
Aussie competition regulator delays decision on ANZ’s $3.3 billion Suncorp Bank buy
(Reuters) -Australia’s competition regulator on Monday said it has delayed its decision on ANZ Group Holdings’ proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank by a week to August 4, and…
China FX regulator says will use policy measures to stabilise yuan expectations
BEIJING (Reuters) – China’s foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure. China’s…
Biden Regulator Poised To Shove Left-Wing Priorities Into The Workplace
Biden Regulator Poised To Shove Left-Wing Priorities Into The Workplace Will Kessler on July 20, 2023 The Equal Employment Opportunity Commission (EEOC) recently confirmed Kalpana Kotagal, a left-wing lawyer who will give…
Biden Regulator Launches Investigation Into Deadly Crash Involving Model Produced By Musk’s Tesla
Biden Regulator Launches Investigation Into Deadly Crash Involving Model Produced By Musk’s Tesla Jason Cohen on July 18, 2023 The National Highway Traffic Safety Administration (NHTSA) announced Tuesday that it is opening…
Canada regulator proposes banks hold more capital to tackle mortgage risks
(Reuters) -Canada’s banking regulator on Tuesday proposed changes to capital adequacy guidelines that would require lenders and mortgage insurers to hold more funds to better manage risks from a sharp rise in…
Collapsed Bank’s Former Owner Sues Federal Regulator For $2 Billion After Massive Bailout
Collapsed Bank’s Former Owner Sues Federal Regulator For $2 Billion After Massive Bailout Jason Cohen on July 10, 2023 California tech lender Silicon Valley Bank’s (SVB) parent company sued the Federal Deposit…
China mutual funds cut fees as regulator targets $3.7 trillion sector
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on Monday as regulators started reforming fee practices in the $3.7 trillion industry…
UK regulator orders investment funds to manage liquidity better
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability and investors’ ability to withdraw money, Britain’s Financial Conduct Authority…
UK’s Hunt backs regulator to ensure banks pass on better rates to savers
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest rates must…
Coinbase, facing SEC lawsuit, says regulator lacks police power over crypto
By Jonathan Stempel NEW YORK (Reuters) – Coinbase, the largest U.S. cryptocurrency platform, said it will ask a judge to dismiss the U.S. Securities and Exchange Commission lawsuit claiming it broke the…
Canada financial regulator lifts stability buffer for big six banks
By Nivedita Balu and David Ljunggren TORONTO (Reuters) -Canada’s financial regulator on Tuesday said it was raising the amount of capital the country’s biggest lenders must hold as a stability buffer by…
US banks have strengthened liquidity after spring turmoil but must remain vigilant -regulator
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for…
Swiss regulator welcomes UBS’s strategic focus
ZURICH (Reuters) – Swiss financial regulator FINMA has specified the central elements of its regulatory requirements for the merged UBS and Credit Suisse, it said on Monday. The regulator also said it…
Canadian regulator pushes for more competitive cannabis industry
(Reuters) – Canada’s Competition Bureau on Friday made several recommendations for a more competitive legal cannabis industry in the country and to safeguard it from illicit market activity. The recommendations include review…
Colombia regulator suspends trading in shares of Grupo SURA, Grupo Argos and Grupo Nutresa
BOGOTA (Reuters) – Colombia’s financial regulator on Thursday suspended trading in shares of Grupo SURA, Grupo Argos and Grupo Nutresa, after top shareholders in the companies announced negotiations to make changes to…
US securities regulator shuts down ‘sham’ marijuana offering
By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it obtained an order to shut down an alleged Ponzi-like scheme run by two individuals…
Citizens Bank to pay $9 million penalty over credit card practices -US regulator
By Jonathan Stempel (Reuters) -Citizens Bank, one of the largest U.S. regional banks, will pay a $9 million civil penalty to resolve charges it mismanaged customers’ credit card disputes and fraud claims,…
India regulator proposes curbs on derivative-linked share moves
MUMBAI (Reuters) – India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. The Securities and…
State Regulator Blames Biden’s ‘Green New Deal’ For Massive Hike To Energy Bills
State Regulator Blames Biden’s ‘Green New Deal’ For Massive Hike To Energy Bills Jason Cohen on May 16, 2023 Electric utility company Georgia Power customers’ electric bills will substantially increase beginning in…
China’s securities regulator, central bank cut staff pay budgets
SHANGHAI (Reuters) – China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The…
George Soros Among Liberal Billionaires Bankrolling Groups Tied To Top Biden Regulator
George Soros Among Liberal Billionaires Bankrolling Groups Tied To Top Biden Regulator Katelynn Richardson on May 10, 2023 George Soros and other liberal billionaires have given millions to antitrust groups whose alumni…
California banking regulator says SVB oversight inadequate
(Reuters) – California’s financial regulator failed to press leadership at Silicon Valley Bank to address known problems quickly enough before the lender imploded in March, according to a report released Monday in…
Chinese property brokers need to reduce fees, regulator says
BEIJING (Reuters) – Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy development of the sector, the housing regulator said…
Canada’s regulator seeks information on RBC’s $13.5 billion takeover of HSBC unit
(Reuters) – Canada’s Competition Bureau on Monday sought information about Royal Bank of Canada’s $13.5 billion takeover of HSBC’s Canada business. The deal is the biggest acquisition for RBC. The last time…
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