Analysis-Google, Apple breakups on the agenda as global regulators target tech
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged…
ICBC to pay $32.4 million to US regulators over AML lapses, supervisory information disclosure
WASHINGTON (Reuters) – The Industrial and Commercial Bank of China Ltd and its New York branch will pay $32.4 million in penalties for the unauthorized use and disclosure of confidential supervisory information,…
US regulators add artificial intelligence to potential financial system risks
By Pete Schroeder WASHINGTON (Reuters) -Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned…
Exclusive-EU regulators likely to clear Novozymes, Chr. Hansen deal, sources say
BRUSSELS (Reuters) – EU antitrust regulators are likely to clear the tie-up of Danish food ingredients and enzymes makers Novozymes and Chr. Hansen based on remedies offered to address competition concerns, two…
Canadian regulators approve preliminary interim tolls on expanded Trans Mountain pipeline
By Nia Williams (Reuters) – The Canada Energy Regulator (CER) on Thursday approved preliminary interim tolls for the expanded Trans Mountain pipeline system, allowing the project to begin charging for shipping services…
EU regulators to challenge banks on loan provisioning
By Huw Jones LONDON (Reuters) – EU regulators will challenge banks over their failure to properly apply an accounting rule aimed at making sure their provisioning for souring loans is timely and…
US regulators push Wells Fargo to improve financial crime monitoring – WSJ
(Reuters) – U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with knowledge of…
EU antitrust regulators see no issues with Vodafone Hutchison mobile tie-up
BRUSSELS (Reuters) – Vodafone and CK Hutchison’s $19 billion mobile merger in Britain does not pose any competition concerns to EU antitrust regulators, according to a European Commission filing. The companies sought…
China regulators probe liquidity stress that sent rates to record 50% – sources
SHANGHAI (Reuters) -China’s financial regulators are investigating a month-end liquidity crunch that saw short-term money rates surge to as much as 50%, asking some institutions to explain why they borrowed at extremely…
Senators ask US regulators to address airline frequent flyer programs
WASHINGTON (Reuters) – Two U.S. senators on Monday asked the Transportation Department and Consumer Financial Protection Bureau about “troubling reports” of unfair and deceptive practices in airlines’ frequent flyer and loyalty programs.…
US banking regulators extend feedback window for contentious capital proposal
By Pete Schroeder WASHINGTON (Reuters) – A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad proposal to…
US regulators settle with bankrupt crypto company Voyager, file against ex-CEO
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said it reached a settlement with bankrupt crypto company Voyager that will permanently ban it from handling consumers’ assets. The agency also said it…
No formal investigation into AI chips, EU antitrust regulators say
BRUSSELS (Reuters) – EU antitrust regulators have not opened a formal investigation into chips used for artificial intelligence, the European Commission said on Monday, days after the French competition authority raided Nvidia…
Zoom talks with regulators on Microsoft competition concerns – Bloomberg News
(Reuters) – Zoom Video Communications has met with regulators from the United States, European Union and other jurisdictions to outline concerns about Microsoft’s alleged anti-competitive behavior, Bloomberg News reported on Thursday. The…
‘No, Thank You’: Red State Regulators Reject Green Pipeline Opposed By Many Rural Landowners
‘No, Thank You’: Red State Regulators Reject Green Pipeline Opposed By Many Rural Landowners Nick Pope on September 6, 2023 South Dakota regulators voted unanimously Wednesday against granting a permit to a…
Chinese Regulators Unveil Measures To Try And Save Crumbling Stock Market
Chinese Regulators Unveil Measures To Try And Save Crumbling Stock Market Will Kessler on August 18, 2023 China’s securities regulator announced Friday measures to stop the decline of the Chinese stock market…
‘Biden Is Not Running This Government’: Steve Forbes Says ‘Regulators,’ ‘Far-Left’ Have Taken Over
‘Biden Is Not Running This Government’: Steve Forbes Says ‘Regulators,’ ‘Far-Left’ Have Taken Over Harold Hutchison on August 16, 2023 Former Republican presidential candidate Steve Forbes said “regulators,” not President Joe Biden,…
Midwest Landowners Notch Big Win After Regulators Deny Permit For Green Pipeline Project
Midwest Landowners Notch Big Win After Regulators Deny Permit For Green Pipeline Project Nick Pope on August 4, 2023 North Dakota state regulators denied a permit for the route of a carbon…
Massachusetts regulators launch probe into AI in securities industry
By Nate Raymond and Chris Prentice BOSTON (Reuters) -Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns…
U.S. bank regulators unveil proposal to hike bank capital
WASHINGTON (Reuters) – U.S. bank regulators released a proposal Thursday that would direct the nation’s largest banks to raise their capital, arguing a larger cushion is needed to ensure stability. The proposal,…
Elizabeth Warren Urges Biden Regulators To Investigate Elon Musk’s Tesla Over Twitter Takeover
Elizabeth Warren Urges Biden Regulators To Investigate Elon Musk’s Tesla Over Twitter Takeover Jason Cohen on July 17, 2023 Democratic Massachusetts Sen. Elizabeth Warren sent a letter Monday pressing the Securities and…
US regulators ask lenders to work with stressed commercial real estate firms
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good…
Shanghai regulators summon Starbucks, Shake Shack citing excessive personal data collection
BEIJING (Reuters) – Chinese regulators in financial hub Shanghai summoned three firms including Starbucks and Shake Shack earlier this week for collecting excessive personal information, the city’s cyberspace regulator said on Wednesday.…
‘Completely Unresponsive’: US Regulators Open Probe Into EVs That Suddenly Lose Acceleration
‘Completely Unresponsive’: US Regulators Open Probe Into EVs That Suddenly Lose Acceleration Nick Pope on June 20, 2023 U.S. auto regulators have opened a preliminary safety investigation into a Hyundai electric vehicle…
Activision intervenes in Microsoft challenge to UK regulator’s block
LONDON (Reuters) – “Call of Duty” maker Activision Blizzard has been given permission to intervene in Microsoft’s legal battle with Britain’s anti-trust regulator over its decision to block the $69 billion takeover.…
EU pushes forward with post-Brexit forum for EU, UK financial regulators
By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum of understanding (MoU) to allow financial regulators from Britain and the bloc…
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