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…
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely…
U.S. regulators grant approvals for TIAA’s bank deal with buyout firms
By Pete Schroeder and David French (Reuters) -Two U.S. regulators have approved the sale of a majority stake in TIAA’s banking arm to a consortium of private equity firms, a TIAA spokesperson…
EU antitrust regulators extend decision on Broadcom, VMware deal to June 26
BRUSSELS (Reuters) – EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing firm VMware by three days to June…
Australia, NZ privacy regulators launch joint probe into Latitude Group
SYDNEY (Reuters) -The privacy regulators for Australia and New Zealand said on Wednesday they had begun a joint investigation into the personal information handling practices at consumer finance firm Latitude Group, which…
Japan Economy Minister Goto urges US banks, regulators to tackle liquidity risks
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Banking sector problems in the United States and Europe were caused by liquidity and interest rates risks, but won’t impact on Japan’s economy and…
Federal Regulators Seize And Sell Major Bank To JPMorgan Chase
Federal Regulators Seize And Sell Major Bank To JPMorgan Chase Jason Cohen on May 1, 2023 Federal regulators took ownership of the First Republic Bank and sold it to JPMorgan Chase on…
IMF lauds ‘quick and orderly resolution’ of First Republic by US regulators
WASHINGTON (Reuters) – The International Monetary Fund (IMF) appreciates quick action by U.S. regulators to seize First Republic Bank and find a private buyer, an IMF spokesperson said on Monday. It said…
Factbox: Highlights from US regulators’ reviews of SVB, Signature failures
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and where their supervisors came up short in the run-up to the two…
EU to speed up how regulators tackle failing banks – EU documents
By Huw Jones LONDON (Reuters) – European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed…
EU regulators clear Google’s maths app deal
BRUSSELS (Reuters) – EU antitrust regulators gave unconditional approval for Alphabet unit Google’s acquisition of Croatian maths app Photomath, the European Commission said in a statement on Tuesday. The EU Commission said…
World’s Largest Crypto Exchange Sued By US Regulators
World’s Largest Crypto Exchange Sued By US Regulators Jason Cohen on March 27, 2023 The Commodity Futures Trading Commission (CFTC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao…
UBS, regulators race to seal Credit Suisse deal as soon as Saturday – FT
(Reuters) – The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only way to prevent a collapse in confidence…
US regulators say deposits into First Republic Bank show system’s resilience
WASHINGTON (Reuters) – Federal regulators and the Treasury Department on Thursday welcomed a decision by 11 larger banks to deposit $30 billion into regional bank First Republic Bank and said it showed…
US regulators to visit Hong Kong for fresh round of audit inspections – sources
By Xie Yu and Selena Li HONG KONG (Reuters) – Officials from the U.S. audit watchdog will start a new round of inspections in Hong Kong on Chinese companies’ auditors as soon…
Didi to expand services in China after regulators end probe
By Josh Ye HONG KONG (Reuters) – Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up…
U.S. Republicans seek answers from regulators over SVB’s collapse – Thune
(Reuters) – Most Republican members want answers from regulators as to why they were “asleep at the switch” over the collapse of Silicon Valley Bank and it is premature to discuss legislative…
US Senators Menendez, Warren urge regulators to support new gun sale code
By Ross Kerber (Reuters) – U.S. Senators Bob Menendez and Elizabeth Warren on Wednesday called on federal regulators to issue guidance to speed the adoption of a new merchant category code (MCC)…
White House says regulators have the tools needed for banking disruptions
ABOARD AIR FORCE ONE (Reuters) – U.S. financial regulators have the tools they need to deal with disruptions and supervise banks, and President Joe Biden is confident in the steps he has…
White House: have faith in regulators when asked about SVB Financial
WASHINGTON (Reuters) – The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB Financial Group, the largest bank failure since…
Casino, Intermarche win fight against EU antitrust regulators
By Foo Yun Chee BRUSSELS (Reuters) – Casino and Intermarche on Thursday won the backing of Europe’s top court in their fight against EU antitrust regulators and their attempt to investigate the…
Aerospace engine makers work with European regulators after delays in U.S. rules
By Allison Lampert (Reuters) – Aerospace companies are pushing U.S. regulators to simplify domestic rulemaking, after delays led the country’s aircraft engine makers to a European agency to meet a global emissions…
Explainer-What is ‘staking,’ the cryptocurrency practice in regulators’ crosshairs?
By Hannah Lang and Elizabeth Howcroft (Reuters) – Crypto companies offering their customers eye-popping yields through so-called “staking” products are earning the ire of the U.S. securities regulator who says such services…
EU gas price cap risks curbing market liquidity, regulators warn
By Kate Abnett BRUSSELS/AMSTERDAM (Reuters) -The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and…
Davos 2023: UBS head says regulators’ ‘eyes off the ball’ on non-banks
LONDON (Reuters) – UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the…
EU regulators to rule on Viasat’s Inmarsat takeover by Feb. 13
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 13 whether to clear U.S. company Viasat’s $7.3 billion takeover of satellite rival Inmarsat, a European Commission filing…
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