Topline A federal criminal investigation into former President Donald Trump’s media company Trump Media has expanded to include potential money laundering violations linked to an $8 million loan with ...
Tag: Federal
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders – Bitcoin News
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hidi...
Federal Reserve To Pause Interest Rate Hikes This Month, Forecasts Banking Giant Goldman Sachs: Report
US financial titan Goldman Sachs reportedly believes that the Federal Reserve will not raise interest rates this month following the high-profile collapses in the banking sector. Goldman Sachs’ chief ...
Federal Reserve will re-examine its own oversight of Silicon Valley Bank
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice ...
Circle Reassures Customers Riding on Promises from Federal Regulators
According to Circle, the bulk of its reserve for the USDC stablecoin is domiciled in US Treasury Bills. Crypto startup Circle, the issuer of the USD Coin (USDC) stablecoin has announced that the USDC ...
Messari’s Ryan Selkis: “Crypto Won’t Die Under Federal Pressure”
Ryan Selkis recently highlighted the crackdown on crypto by federal agencies in the U.S. Selkis believes that the crypto industry will not succumb under Federal pressure. The four big banks in the U.S...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout – Bitcoin News
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the...
State regulator takes control of Signature Bank, federal regulators guarantee deposits
Policy • March 12, 2023, 7:29PM EDT The New York Department of Financial Services seized crypto-friendly Signature Bank in order “to protect depositors,” the state banking regulator said i...
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
“After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution...
Yellen says no federal bailout for Silicon Valley Bank
WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their ...
Federal Trade Commission Aims To Bring Down The Hammer On Those Outsized Unfounded Claims About Generative AI ChatGPT And Other AI, Warns AI Ethics And AI Law
FTC (Federal Trade Commission) renews its vow to go after purveyors of AI that are making false or … [+] misleading claims. getty Bring down the hammer. That’s what the Federal Trade Commission ...
US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins
The US Federal Reserve is taking steps to address the fast-evolving cryptocurrency industry. The central bank has announced that it is creating a specialized team of experts to monitor developments in...
U.S. Federal Reserve Creating ‘Specialized Team of Experts’ on Crypto, According to Vice Chair
The top regulatory official of the Federal Reserve says that while crypto assets can potentially transform the financial system, the technology still requires appropriate guardrails. In his speech at ...
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
As a result of the decision taken by United States District Judge Jacqueline Scott Corley to refuse the motion to consolidate the cases, FTX and its defendants will have the right to react to the accu...
Federal Reserve Setting Up New Squad of Crypto Specialists
“While crypto assets are hyped as decentralized, there has been an emergence of new, quite centralized intermediaries that are either not subject to or not compliant with appropriate regulation and su...
Federal Reserve Takes Bold Move to Protect Banks from Crypto with Enhanced Guidance and Supervision
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, parti...
US President Joe Biden Wants to Increase Federal Pay by 5.7%
United States President Joe Biden is reportedly on track to propose a 5.7% increase to the salaries of Federal Government workers in the country. According to a report from the Washington Post, citing...
BlackRock Says Federal Reserve May Continue Hiking Rates
The next Federal Reserve meeting slated to take place between March 21-22. The world’s largest asset manager, BlackRock, has weighed in on the subject of interest rate hikes by the US federal reserve....
Federal Judge Gives Voyager Digital Approval to Conclude Billion-Dollar Deal with Binance.US
The regulatory body raised concerns that there is no proof that the transaction complies with US Securities law. A federal bankruptcy judge in the US, Michael Wiles, has given Voyager Digital the go-...
Louisville Police Have Pattern Of Excessive Force And Discriminatory Stops, Federal Probe Finds
Topline The Louisville Metro Police Department has violated the U.S. Constitution and federal law through a pattern of excessive force, invalid warrants and discriminatory stops, according to a Depart...
Grayscale stock soared nearly 9% amid federal hearing
Grayscale Bitcoin Trust (GBTC) is making waves in the market as its share price surged by almost 9% on March 7. The reason behind this could be a reversal of the SEC’s longstanding opposition to a bit...
Bitcoin Slips to 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%
If that’s not enough, the market now sees a 70% probability of the Fed raising rates by 50 basis points later this month, a reacceleration of tightening after a brief step down 25 bps in Februar...
BlackRock says the Federal Reserve could hike interest rates to a peak of 6%
Rick Rieder, managing director and chief investment officer of fundamental fixed income for BlackRock Inc., speaks during the Institute of International Finance Annual Membership Meeting in Washington...
Federal Housing Programs For The Elderly And Disabled
The review continues with programs for the elderly and disabled. getty Next, in our look at federal housing programs reviewed in former Congressman Paul Ryan’s critique of the War On Poverty, we’ll co...
You Can’t Trust Crypto Firms Until They Get Federal Oversight
“We won’t be able to know which players are trustworthy and which aren’t until a credible third party, like a consolidated home country supervisor, can meaningfully oversee them,” Hsu said...
Buttigieg’s Use Of Federal Jets Under Review By Transportation Department Watchdog
Topline The Department of Transportation’s inspector general is launching an audit into Transportation Secretary Pete Buttigieg’s use of federal jets for official trips, as Buttigieg comes under fire ...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor di...
HBO Max Accuses Paramount Of ‘Stealing’ ‘South Park’ Episodes In Federal Lawsuit — Here’s What To Know
Topline HBO’s parent company Warner Bros. Discovery filed a federal lawsuit Friday accusing Paramount of “stealing” its content and breaking the terms of a half-billion dollar licensing agreement, all...
The Federal Reserve System against crypto
The US Federal Reserve System recently issued a warning to banks to be vigilant about the liquidity risk of crypto assets. In recent years, the rise of cryptocurrencies has brought about a significant...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...