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…
Exclusive: Phillips 66 made renewable fuels without proper permits – regulators
By Laura Sanicola (Reuters) – California regulators allege that U.S. refiner Phillips 66 improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips…
Federal regulators deepen probe into Trump’s social media deal
(Reuters) – Special purpose acquisition company Digital World Acquisition Corp disclosed on Monday financial regulators probing its deal with former U.S. President Donald Trump’s social media firm have sought more information, while…
Global regulators push ahead with crypto bank capital rules
By Huw Jones LONDON – Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books. Last June…
Column-Crypto regulators may see 10% household exposure as high watermark :Mike Dolan
By Mike Dolan LONDON – Whatever the broader financial or economic stability risks of volatile crypto tokens, government watchdogs may reasonably balk at 10% household exposure to loosely-regulated speculative punts that double…
China’s Didi awaits completion of regulator’s review to return to normal
BEIJING(Reuters) – Chinese ride-hailing giant Didi Global will only be able to resume normal operations after authorities complete a cybersecurity review of the company, it said in a filing on Thursday. The…
Explainer-Why Archegos Capital was in U.S. regulators’ blind spot
By Michelle Price (Reuters) – U.S. authorities on Wednesday charged Archegos Capital Management owner Bill Hwang with racketeering, fraud and market manipulation over the meltdown of his New York family office which…
Chinese regulators urge more prudent IPO pricing after market debut flops
SHANGHAI – Chinese regulators have urged underwriters to price initial public offerings more reasonably after a third of more than 100 new listings so far this year fell on their trading debut.…
Microsoft’s cloud business targeted by EU antitrust regulators
By Paresh Dave BRUSSELS – EU antitrust regulators are quizzing Microsoft’s rivals and customers about its cloud business and licensing deals, a questionnaire seen by Reuters showed, in a move that could…
Britain’s finance ministry flags reforms, defends regulators
By Huw Jones and Carolyn Cohn LONDON – Britain’s finance ministry flagged several reforms on Thursday and defended regulators from criticism they are too slow to license firms, saying flawed applicants must…
EU regulators look to streamline antitrust rules
By Foo Yun Chee BRUSSELS – Regulators are looking to update rules, which target companies abusing their market power and those setting up illegal cartels, to make them more efficient, EU antitrust…
U.S. regulators see deal with Beijing on audits as ‘premature,’ will continue to engage
By Katanga Johnson WASHINGTON – The U.S. public company accounting regulator said on Thursday that it continued to engage with Chinese regulators about getting access to their auditors’ records, but it remained unclear if the Chinese…
Crypto offshoot DeFi throws up new risks for investors, global regulators say
By Tom Wilson LONDON – Decentralised finance – or DeFi – is throwing up new risks for investors as it evolves to mirror traditional markets, a global body for securities regulators said…
U.S. antitrust regulators seek more data from Activision, Microsoft on planned deal
– The U.S. Federal Trade Commission has sought additional data from Activision Blizzard Inc and Microsoft Corp related to the antitrust review of their deal, the games developer said in a regulatory…
Be ready to lose all your money in crypto, EU regulators warn
LONDON – Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday.…
Texas regulators seek punishment for pro-Trump lawyer Sidney Powell
By Jan Wolfe WASHINGTON – Texas legal regulators have asked a judge to discipline attorney Sidney Powell for filing lawsuits they say were frivolous in support of former President Donald Trump’s false…
UK calls in finance heads and regulators to talk sanctions – BBC editor
LONDON – British Prime Minister Boris Johnson’s office and the Treasury have called in finance bosses and regulators to discuss how to ensure recently-announced sanctions on Russia are effective, the BBC’s political…
U.S. banks urge regulators to be flexible on climate-risk rules
By Michelle Price WASHINGTON – U.S. banks this week welcomed a regulatory proposal to incorporate climate change risks into their daily operations, yet said they opposed prescriptive risk management and lending criteria,…
Regulators probe block trading at Wall Street banks, hedge funds- WSJ
– Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, the Wall Street Journal reported, citing people…
Self-driving car companies zoom ahead, leaving U.S. regulators behind
By David Shepardson, Hyunjoo Jin and Joseph White WASHINGTON/SAN FRANCISCO – Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their technology, outrunning…
Analysis-Robinhood shares stumble as trading frenzy wanes, regulators circle
By Hannah Lang – Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other…
Fed Governor Thinks Regulators Need To Tell Banks How To Deal With Climate Change
Federal Reserve Governor Lael Brainard believes financial regulators should tell banks how to tackle climate change as a way to monitor threats to the overall financial system, The Wall Street Journal reported.…
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