The Labor Department’s latest push for a new fiduciary rule would protect investors’ retirement savings and require financial services providers to change.
Category: Regulation and Deregulation of Industry
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Bird Flu Spreads to Dairy Cows
U.S. regulators confirmed that sick cattle in Texas, Kansas and possibly in New Mexico contracted avian influenza. They stressed that the nation’s milk supply is safe, saying pasteurization kills viruses.
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E.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations
The inquiries signal the bloc’s intention to tightly enforce sweeping new competition rules that took effect this month.
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National Plan to Look Into Homeowners Insurers Hits a Hurdle
Roughly two weeks after state regulators said they were collecting details on insurers’ homeowners businesses, key states may opt out, undermining the effort.
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New Rules Will Still Push Carmakers to Sell More Electric Cars
New Biden administration auto rules are less forceful than an earlier proposal but will still add to market pressure for cheaper electric vehicles.
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China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
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James D. Robinson III, Former Chief of American Express, Dies at 88
He led the company from 1977 to 1993 and helped transform Wall Street into a more competitive financial marketplace.
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JPMorgan Fined $348 Million for Lapses in Trade Monitoring
Regulators, which rely on the bank for information that helps prevent insider trading and market manipulation, said customer data from around 30 platforms was missing.
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FAA Audit of Boeing’s 737 Max Production Found Dozens of Issues
The company failed 33 of 89 audits during an examination conducted by the Federal Aviation Administration after a panel blew off an Alaska Airlines jet in January.
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U.S. Judge Blocks Rule Extending Reach of Labor Law to Franchisers
The ruling upends the National Labor Relations Board’s move to broaden the standard for determining when a company is liable for labor law violations.
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Debate Over Bank Industry Rules One Year After SVB Collapse
Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their regulators.