NYC can’t open any more charter schools, regulator complains
Gov. Kathy Hokul and the state Legislature will come under pressure next year to lift New York City’s charter school caps after New York state education officials on Wednesday allocated the last of 14 “zombie” slots that lawmakers reluctantly approved last year. The SUNY Charter Commission voted to allow the high-performing charter school networks of […]
Deutsche Bank criticized by German regulator for financial reporting error – CNBC
Deutsche Bank General Meeting Arne Dedert | Picture Alliance | Getty Images Deutsche Bank misdisclosed deferred tax assets in its 2019 financial statements and failed to meet international accounting standards, Germany’s financial supervisory authority (BaFin) said on Tuesday. “The declaration of deferred tax assets in the consolidated financial statements was incomplete,” the regulator, known as […]
SCOTUS strips SEC’s use of in-house judges in major blow to Wall Street regulator
The Supreme Court on Thursday stripped the Securities and Exchange Commission of a key tool in fighting securities fraud, in a decision that could have far-reaching implications for other regulators. The judges handed down their ruling In a 6-3 vote, the court ruled that people accused of fraud by the Securities and Exchange Commission, which […]
Boeing production cap extended as regulator steps up safety checks | Boeing
Boeing continues to face limits on the number of planes it can make and tougher safety inspections after U.S. aviation regulators called on it to overhaul its safety culture. The Federal Aviation Administration (FAA) held a three-hour meeting with Boeing’s senior executives on Thursday to outline the company’s plans to resolve safety and quality control […]
US regulator opens Waymo investigation
Waymo, the self-driving car division of Google’s parent company Alphabet, is under investigation by federal regulators over reports of nearly two dozen incidents involving Waymo cars using its self-driving system, the government announced Tuesday. . The National Highway Traffic Safety Administration (NHTSA)’s Office of Deficiency Investigation has identified 22 crashes in which Waymo vehicles equipped […]
FDIC chair faces calls to resign after sexual harassment reports at regulator
Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in the wake of a scathing 234-page report released Tuesday that reveals widespread sexual harassment and other misconduct plaguing federal banking regulators. Calls for his resignation are pouring in. The damning report, released in November by the law firm Cleary Gottlieb Steen & Hamilton and inspired by […]
Tesla Autopilot feature was involved in 13 fatal crashes, US regulator says | Tesla
U.S. auto safety regulators said Friday that an investigation into Tesla’s Autopilot identified at least 13 fatal crashes involving the feature. The investigation also found that the claims made by electric car manufacturers did not match reality. The National Highway Traffic Safety Administration (NHTSA) on Friday found at least 13 Tesla crashes in which at […]
Hong Kong regulator fast-tracks Bitcoin spot ETF approvals – Cointelegraph
The Hong Kong Securities Commission (SFC) has reportedly expedited the approval process for four Spot Bitcoin (BTC) exchange-traded funds (ETFs). according to The first batch of Spot Bitcoin ETFs is expected to be approved in the region by April 15, according to local news outlet Tencent News. The report cited sources close to the Hong […]
English football regulator close as government confirms ‘historic’ bill | Football politics
The launch of an independent regulator for English football is on the horizon after the government confirmed it plans to table legislation in Parliament that could see clubs fined up to 10% of their revenue if they breach the terms of the agreement. ing. The long-awaited Football Governance Bill is expected to be announced on […]
Apple reinstates Epic Games’ app store account in Europe after regulator scrutiny
Apple on Friday reinstated permission for Fortnite maker Epic Games to offer its app store to iPhone customers in Europe. It comes a day after European Union regulators suggested the company’s brazen move to block Epic may violate new sweeping antitrust laws. Apple faces intense scrutiny under the European Union’s Digital Markets Act. The law […]