US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules May 9, 2024 By Pete Schroeder A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at...
FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny March 21, 2024 By Douglas Gillison Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S....
Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers March 6, 2024 Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment...
Despite Deepfake and Bias Risks, AI Is Still Useful in Finance, Firms Told February 15, 2024 By Sana Pashankar A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising...
SEC Hits More Wall Street Firms With $81M in Fines Over Record-Keeping February 12, 2024 By Chris Prentice A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle...
Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion August 9, 2023 By Austin Weinstein Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in...
Finance Firms’ Return-to-Office Crackdown Could Backfire: Deloitte August 9, 2023 By Lananh Nguyen Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting...
Bank of England Launches First Sector-Wide Liquidity ‘Stress Test’ June 20, 2023 By Huw Jones The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses...
SEC to Weigh New Artificial-Intelligence Rules for Brokerages June 15, 2023 By Lydia Beyoud Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The...
Coinbase Suit May Finally Send Crypto Debate to Supreme Court June 9, 2023 By Martina Barash and Chris Dolmetsch The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court...