Why regulators’ confidential bank ratings should not be public information
failure Three multi-billion dollar local banks This situation in the first half of 2023 has understandably caused great concern and debate in Congress and the public. These failures are due to banks' management and directors engaging in unsafe and unsound banking practices. State and federal banking regulators, while having all necessary tools at their disposal, […]
EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report
The European Union's competition watchdog plans to block Amazon's $1.7 billion deal with robot vacuum cleaner maker iRobot. The Wall Street Journal reported This was disclosed on Thursday, citing a person familiar with the matter. Shares of vacuum cleaner maker Roomba plunged 40% to $14 after the bell. European Commission officials met with Amazon representatives […]
Regulators Approve New Bitcoin ETFs in Watershed Moment for Crypto
The Securities and Exchange Commission on Wednesday reluctantly approved an exchange-traded fund (ETF) that directly holds Bitcoin, a move that digital currency fans have been waiting for and a move that has drawn a lot of attention from financial watchdogs skeptical of the crypto industry. It has been criticized. The commission approved 10 exchange-traded funds […]
Cruise offers $75,000 to end California regulator’s probe after self-driving taxi dragged pedestrian
General Motors' Cruise Company on Friday offered $75,000 to settle a California regulator's investigation into an accident in which a pedestrian was dragged by one of the company's self-driving cars. according to fox businessGM's self-driving taxi service division has proposed a settlement to resolve an investigation into allegations by the California Public Utilities Commission that […]