Latest Financial industry regulation News

Trump social media firm subpoened by feds, stock regulators

Jul. 01, 2022 20:12 PM EDT

NEW YORK (AP) — Donald Trump's social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter. ...

Man convicted of possessing gun that injured juvenile

Jun. 29, 2022 15:43 PM EDT

PROVIDENCE, R.I. (AP) — A Rhode Island resident previously convicted of bank robbery pleaded guilty Wednesday to being in possession of a gun that a juvenile used to accidentally shoot himself in the knee, federal prosecutors said. Branden Eddie Smith, 37, was prohibited by law...

Editorial Roundup: Ohio

Jun. 27, 2022 07:14 AM EDT

Cleveland Plain Dealer. June 24, 2022. Editorial: Jon Husted should resign his seat on a private bank’s board of directors It is hard to understand how Ohio Lt. Gov. Jon Husted does not see a problem with serving as a paid board member for a private Ohio bank that...

Democrats vow to help women who must travel for abortions

Jun. 24, 2022 18:59 PM EDT

PORTLAND, Ore. (AP) — Democratic leaders across the nation vowed Friday to help women who travel to seek abortions and to shield patients and medical professionals from being pursued by authorities in states where the procedure becomes outlawed after the U.S. Supreme Court overturned Roe v. Wade....

EU leaders endorse Croatia's switch to euro currency

Jun. 24, 2022 09:14 AM EDT

BRUSSELS (AP) — European Union leaders agreed Friday that Croatia will join the group of countries using the euro, bringing the number of nations sharing the currency to 20 starting in January. “The euro is the monetary expression of our shared destiny and has been part of our...

All big US banks pass Fed's annual 'stress tests'

Jun. 23, 2022 17:15 PM EDT

NEW YORK (AP) — The nation’s 33 biggest banks have enough capital to withstand a severe economic contraction, the Federal Reserve said Thursday. In its latest annual “stress tests” of the U.S. financial system, the Fed built a scenario under which the nation’s unemployment...

Editorial Roundup: Pennsylvania

Jun. 23, 2022 02:34 AM EDT

Lancaster Online/LNP. June 15, 2022. Editorial: As cost of farmland soars, next generation of farmers finding ways to get a foothold Farmland in Lancaster County is valuable — increasingly valuable — in more ways than one. It’s essential to the...

Report: Puerto Rico Senate made 'extravagant' purchases

Jun. 22, 2022 18:07 PM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Comptroller Office released a report Wednesday saying the island’s Senate made nearly $30,000 worth of “extravagant, excessive and unnecessary” purchases from 2013 to 2020. The report comes as the U.S. territory tries to emerge...

Gov. Baker signs bill ensuring mail-in ballots, early voting

Jun. 22, 2022 17:22 PM EDT

BOSTON (AP) — A voting rights bill designed to ensure that mail-in ballots and early voting become permanent fixtures in future Massachusetts elections was signed into law Wednesday by Republican Gov. Charlie Baker. The new law, which had passed the Democrat-controlled...

South Korea hits dozens with travel bans amid crypto probe

Jun. 22, 2022 04:05 AM EDT

SEOUL, South Korea (AP) — South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world. The Seoul...