In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained in “pretty good” shape.
Category: Regulation and Deregulation of Industry
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F.T.C. Orders Gene-Sequencing Company Illumina to Divest Acquisition
The New York Times – Business:The move by the commission is seen as a test of regulators’ efforts to prevent big companies from buying small innovators.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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Norfolk Southern’s Push for Profits Compromised Safety, Workers Say
The New York Times – Business:Federal officials are investigating the railroad’s safety practices and culture after the derailment in East Palestine, Ohio, and worker deaths.
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How a Trump-Era Rollback Mattered for Silicon Valley Bank’s Demise
The New York Times – Business:An under-the-radar change to the way regional banks are supervised may have helped the bank’s rapidly growing risks to go unresolved.
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Trump’s Indictment and What’s Next
The New York Times – Business:The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
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Biden Calls for Regulators to Increase Oversight of Certain Banks
The New York Times – Business:The proposals, which would not require congressional approval, are a response to Silicon Valley Bank’s failure earlier this month, which sent shocks through the financial system.
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Lobbyists Begin Chipping Away at Biden’s $80 Billion IRS Overhaul
The New York Times – Business:The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.
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Rift Between Gaming Giants Shows Toll of China’s Economic Crackdown
The New York Times – Business:Activision Blizzard and NetEase could not agree on a new deal to distribute video games in China, cutting millions of players from the games in January.
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SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
The New York Times – Business:Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.