Bank of America CEO Says Higher Capital Ratios Would Hurt Lending Capacity
BofA CEO Brian Moynihan said on Wednesday that an increase in capital ratios for banks will lead to lower lending capacity for lenders.
Recent
Supreme Court Rulings Make White-Collar Fraud Charges in the US Harder
Recent decisions on bid-rigging and college admissions scandals could be a precedent in cases of alleged financial crime.
Elizabeth Warren, Democrat Senators Bemoan Elon Musk's 'Personal Wealth' in Raising Twitter Privacy Concerns
Sens. Elizabeth Warren, Edward Markey, Ron Wyden and Mazie Hirono demand Twitter answer their FTC compliance questions.
Treasury Secretary Janet Yellen ‘Very Supportive’ of SEC Using Enforcement Power Against Binance and Coinbase
Treasury Secretary Janet Yellen said she’s “very supportive” of the agency using its enforcement powers.
Complying with the New SEC Marketing Rule: Seven Months in and Still Adapting
On November 4, 2022, compliance with amended Rule 206(4)-1 (the “Marketing Rule”) became mandatory for all investment advisers registered with SEC.
Dimon Told House Dems to Get Rid of the Debt Ceiling
CEO Jamie Dimon told group of center-left House Democrats he believes debt ceiling should be abolished, while praising the bill that was just signed.
U.S. Lawmakers Urge IRS, Treasury To Hurry Crypto Tax Rules
IRS official Julie Foerster said, during CoinDesk’s Consensus event, she could not say when agency planned to update and clarify the guidance.
