Democratic Energy Regulator Resigns at White House’s Urging
Willie Phillips, a Democrat serving on the Federal Energy Regulation Commission (FERC), has stepped down at the request of the White House. Phillips told Politico that the Trump administration requested his resignation. “I received communication from the White House indicating they wanted me to move on,” he stated to the news source. “I wasn’t surprised. […]
Key regulator approves merger of Capital One and Discover, paving the way for a new biggest credit card company – CNN
new york CNN – There could soon be a new biggest credit card company in the US. Capital One (COF) has been approved by the duties of the Federal Reserve and the Secretary of Money, and has received loans to merge with Discover Financial Services (DFS), the agency announced Friday. To obtain full approval, the […]
Royal Mail to cut deliveries under regulator proposals; Shell hikes investor payouts – business live | Business
Important events Display only key events Turn on javascript and use this feature German Dachs The stock market index is also the best party for new records, Abex, Spain The benchmark has been the best since 2008 before the euro crisis gained the economy for 10 years. The Spanish stock market has risen strongly in […]
Hopes for regulator in the balance as Lords tie up Football Governance Bill | Soccer
TDespite Premier League matches taking place in the middle of this week, English football's biggest names will still be keeping an eye on the House of Lords on Wednesday. The debate over an independent gaming regulator is heating up again after appearing to be over. What once had bipartisan support is starting to look like […]
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports – Yahoo Finance
(Reuters) – The Federal Deposit Insurance Corporation has given BlackRock a new deadline of Feb. 10 to resolve issues related to its oversight of asset managers' investments in FDIC-regulated banking organizations, Bloomberg News said. reported on Sunday, citing three people familiar with the incident. Case. If sufficient progress is not made toward resolving the issue, […]
City regulator vows to ease ‘burden’ on UK banks amid government pressure | Prudential Regulation Authority (PRA)
The Bank of England will reduce the 'reporting burden' on UK banks and allow insurers to make risky investments without initial approval, following government pressure to ease regulations introduced after the financial crisis. It's a plan. Sam Woods, deputy governor of the Prudential Regulation Authority (PRA), said the central bank had withdrawn rules it believed […]
USAA bank issued cease-and-desist order by national regulator – KSAT San Antonio
san antonio – U.S. Office of the Comptroller of the Currency takes a hit. USAA The National Banking Regulatory Authority issued a cease-and-desist order on Dec. 18 regarding what it described as “new or continuing violations” by USAA Federal Savings Bank. The bank is part of USAA, a San Antonio-based insurance and financial services company. […]
UK regulator says Apple, Google blocking innovation in mobile browsers
Britain's top antitrust regulator said Friday that an independent investigation has preliminary found that Apple and Google's mobile browser policies are hindering innovation. The report recommended that the Competition and Markets Authority (CMA) launch an investigation into the two tech giants under the UK's Digital Regulations, which begin next year. “The independent research group appointed […]
Reeves tells City regulator to encourage more risk-taking in financial sector | Financial sector
Financial regulators have been ordered to encourage more risk-taking across the City, raising concerns that a Labor government is at risk of watering down regulations meant to avoid a repeat of the financial crisis. officially 'Remittance' letter to the Financial Conduct Authority (FCA) President Nikhil Rati and Prime Minister Rachel Reeves say regulations aimed at […]
City regulator warns banks over denying sex workers business accounts | Financial Conduct Authority
The City regulator has issued a warning to British banks that refuse to open accounts to sex workers after hearing that restricting access to business banking services could cause “significant harm” to individuals. The Financial Conduct Authority (FCA) said that while banks could in theory offer accounts to the adult entertainment industry, in practice they […]