Jonathan Mackernan News
14.08 / 14:43
COST
UPS
Gap
UBS
SVB
Big Banks Are Supposed to Fail Without Causing Panics. Is That Even Possible?
Global regulators spent more than a decade trying to ensure that a large bank could fail without any government support. Despite this year’s bank failures, they are still working on it. Global regulators are reviewing the March failures, including Credit Suisse’s collapse and Swiss officials’ decision to push UBSto acquire its rival in a deal with billions of public money, people familiar with the probe said.
27.02 / 22:05
UPS
Citizens
Career
Action
Remark
wellness
President
Senators grill Trump’s CFPB director pick: You are 'on the Titanic, good luck’
President Donald Trump's pick to lead the Consumer Financial Protection Bureau on Thursday withstood grilling from Democrat senators who repeatedly asked him to confirm that he would uphold his legal obligations to run the agency.
20.09 / 15:55
markets
UPS
FIVE
Analysis
Trade
International
Fed’s relaxed bank-capital plan faces bipartisan FDIC pushback
bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp. At least three of five FDIC directors oppose the latest overhaul previewed by the Federal Reserve last week, according to people familiar with their thinking. Democrat Rohit Chopra has joined the two Republican board members, including Vice Chairman Travis Hill, against the changes, the people said.
21.03 / 18:21
01.12 / 01:09
Law
regulation
Senate
Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.
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