Category: Regulation and Deregulation of Industry

Trump’s Indictment and What’s Next

The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
Biden Calls for Regulators to Increase Oversight of Certain Banks

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.
Lobbyists Begin Chipping Away at Biden’s $80 Billion IRS Overhaul

The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.
Rift Between Gaming Giants Shows Toll of China’s Economic Crackdown

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.
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

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.
How Far Can Regulators Go to Protect Uninsured Deposits?

Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.

Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.
Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’

The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says

The C.F.T.C. wants to permanently ban the cryptocurrency exchange and its founder from commodities markets.
Markets Climb as Silicon Valley Bank Finally Finds a Buyer

First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution

Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
The Week in Business: TikTok in the Hot Seat

The Fed raised interest rates, even as some banks continued to find themselves on shaky ground. The A.I. race is on. And a new inflation reading is coming.