He led the company from 1977 to 1993 and helped transform Wall Street into a more competitive financial marketplace.
Category: Regulation and Deregulation of Industry
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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.
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States Dig Into Homeowners Insurance and Why It’s Hard to Buy
State regulators asked more than 400 companies for data on their homeowners insurance businesses. The inquiry comes at a moment when severe weather is increasing risk.
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Trade Groups Sue to Block Credit Card Late Fee Limit
Banking groups and Texas business associations asked a federal court to abolish a new federal rule that would cap most late fees at $8.
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Top US Senators Urge Stores to Stop Sellng Illicit Vapes
Lawmakers want shopkeepers to remove e-cigarettes that were not authorized by the F.D.A. Retailers say it is not that simple.
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Fed Chair Powell Signals a Retreat on Banking Rules
The Fed chair said regulators could scale back or rework a sweeping capital-requirements proposal that Wall Street has been fighting for months.
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New York Community Bank Raises $1 Billion in Emergency Cash
Investors include Steven Mnuchin, who joined the board of the struggling midsize lender.
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Bank Runs Spooked Regulators. Now a Clampdown Is Coming.
Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.