Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
Posted inBanking and Financial Institutions Becker, Gregory W Brainard, Lael Federal Reserve Bank of San Francisco Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Quarles, Randal K Regulation and Deregulation of Industry Sanders, Bernard Silicon Valley Bank United States Politics and Government Warren, Elizabeth

Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems

The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists
Posted inBeijing Bytedance Technology Co Ltd Committee on Foreign Investment in the United States (CFIUS) Computers and the Internet Federal Bureau of Investigation Justice Department News and News Media Regulation and Deregulation of Industry Social Media Surveillance of Citizens by Government TikTok (ByteDance) United States Politics and Government

Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists

The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
Banned From Russian Airspace, U.S. Airlines Look to Restrict Competitors
Posted inEmbargoes and Sanctions Federal Aviation Administration Lobbying and Lobbyists Russian Invasion of Ukraine (2022) Transportation Department (US) United States International Relations United States Politics and Government

Banned From Russian Airspace, U.S. Airlines Look to Restrict Competitors

Because of the war in Ukraine, U.S. carriers have to take the long way on flights to and from Asia, giving an advantage to foreign rivals flying the same routes.
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Posted inBanking and Financial Institutions Federal Reserve System Powell, Jerome H Quarles, Randal K Regulation and Deregulation of Industry Shutdowns (Institutional) Signature Bank Silicon Valley Bank United States Politics and Government

Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue

Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.