Tag Archives: Banking and Financial Institutions

The New York Times 10:24 pm on March 2, 2021
Tags: Banking and Financial Institutions, , , , , , , , ,   

Biden’s Picks for Financial Regulator Jobs Emphasize Transparency and Fairness

Nominees to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau faced questions about the limits of their power but said they wouldn’t shy from flexing it.

#banking-and-financial-institutions, #chopra-rohit, #consumer-financial-protection-bureau, #consumer-protection, #gensler-gary-s, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #senate-committee-on-banking, #stocks-and-bonds, #united-states-politics-and-government

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The New York Times 10:00 am on March 1, 2021
Tags: , Banking and Financial Institutions, , , , , , , , , , ,   

China Charges Ahead With a National Digital Currency

The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.

#alipay, #banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #currency, #innovation, #mobile-applications, #mobile-commerce-and-payments, #peoples-bank-of-china, #politics-and-government, #renminbi-currency, #virtual-currency, #wechat-mobile-app

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The New York Times 10:00 am on March 1, 2021
Tags: Banking and Financial Institutions, , ,   

What Should You Do With Your Savings?

If you’ve been fortunate enough to put away some cash, here are a few ideas on what to do with it.

#banking-and-financial-institutions, #content-type-service, #personal-finances, #quarantine-life-and-culture

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The New York Times 4:28 am on February 26, 2021
Tags: AFLAC Inc, Banking and Financial Institutions, , , ,   

Landlords Eager for Covid-Era Revamps Are Finding Hungry Investors

The growing attraction of short-term real estate loans during the pandemic is making it easier to borrow to refurbish properties.

#aflac-inc, #banking-and-financial-institutions, #coronavirus-2019-ncov, #landlords, #new-haven-conn, #shopping-centers-and-malls

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The New York Times 8:55 pm on February 23, 2021
Tags: Banking and Financial Institutions, , , ,   

The GameStop Craze Was Mostly Just Crazy

The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.

#banking-and-financial-institutions, #computer-and-video-games, #gamestop-corporation, #short-selling, #united-states-politics-and-government

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The New York Times 11:25 am on February 23, 2021
Tags: Banking and Financial Institutions, , , , , ,   

Janet Yellen on Jobs, Debt, Taxes, Climate and Cryptocurrency

The Treasury Secretary dropped hints about her priorities — if you know how to interpret them.

#banking-and-financial-institutions, #national-debt-us, #treasury-department, #unemployment, #united-states-economy, #virtual-currency, #yellen-janet-l

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The New York Times 1:49 pm on February 19, 2021
Tags: Banking and Financial Institutions, , , , , ,   

Private Equity Firms Are Piling On Debt to Pay Dividends

Dividend recaps, a kind of borrowing long condemned for loading up companies with debt for the benefit of their private equity owners, has surged.

#banking-and-financial-institutions, #blackstone-group-the, #credit-and-debt, #dividends-finance, #private-equity, #tpg-capital, #warren-elizabeth

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The New York Times 11:45 pm on February 18, 2021
Tags: Banking and Financial Institutions, , , , , , , , , , , Waters, Maxine   

In GameStop Saga, Robinhood Is Cast as the Villain

Lawmakers at a congressional hearing kept coming back to the chief of the stock-trading app with pointed questions and a key argument: “Something very wrong happened here.”

#banking-and-financial-institutions, #citadel-investment-group, #computer-and-video-games, #gamestop-corporation, #house-financial-services-committee, #house-of-representatives, #melvin-capital-management-lp, #robinhood-financial-llc, #stocks-and-bonds, #tenev-vladimir, #united-states-politics-and-government, #waters-maxine

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The New York Times 12:33 pm on February 17, 2021
Tags: Banking and Financial Institutions, , , , , ,   

Citigroup’s $900 Million Defeat

Citi committed “one of the biggest blunders in banking history,” a federal judge says.

#banking-and-financial-institutions, #carlyle-group-lp, #citadel-investment-group, #citigroup-inc, #corporate-social-responsibility, #greenhouse-gas-emissions, #robinhood-financial-llc

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The New York Times 9:38 pm on February 10, 2021
Tags: , Banking and Financial Institutions, , , ,   

Incoming Citigroup C.E.O. Jane Fraser Faces Major Turnaround Job

The incoming C.E.O. of Citi wants to take a more global approach to issues and expand banking services for poor Americans even as the bank faces pressure to get itself in shape.

#appointments-and-executive-changes, #banking-and-financial-institutions, #citigroup-inc, #corbat-michael-l, #fraser-jane-1967, #women-and-girls

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The New York Times 11:21 am on February 10, 2021
Tags: , Banking and Financial Institutions, , , SPAC (special purpose acquisition company), ,   

Why SPACs Could Leave Investors in the Cold

Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?

#ackman-william-a, #banking-and-financial-institutions, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #spac-special-purpose-acquisition-company, #stocks-and-bonds, #venture-capital

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The New York Times 10:00 am on February 10, 2021
Tags: Banking and Financial Institutions, , , , ,   

The New Deal’s Capitalist Lessons for Joe Biden

The most effective part of F.D.R.’s program wasn’t its direct spending. It was his use of U.S. financial might to reignite business.

#banking-and-financial-institutions, #biden-joseph-r-jr, #keynes-john-maynard, #new-deal-1930s, #treasury-department, #united-states-politics-and-government

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The New York Times 10:33 pm on February 9, 2021
Tags: Banking and Financial Institutions, , , , , , , ,   

Do Fed Policies Fuel Bubbles? Some See GameStop as a Red Flag

Analysts warn that low-interest rates are promoting speculative bubbles. The Fed itself has downplayed the possibility that it’s behind asset prices.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #federal-reserve-system, #gamestop-corporation, #interest-rates, #powell-jerome-h, #reddit-inc, #stocks-and-bonds, #united-states-economy

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The New York Times 5:10 pm on February 4, 2021
Tags: Bank of Italy, Banking and Financial Institutions, , , , , , , , , , , ,   

Mario Draghi Saved the Euro. Can He Now Save Italy?

Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.

#bank-of-italy, #banking-and-financial-institutions, #conte-giuseppe, #credit-and-debt, #draghi-mario, #economic-conditions-and-trends, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #european-union, #eurozone, #italy, #legislatures-and-parliaments, #politics-and-government

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The New York Times 10:00 am on February 4, 2021
Tags: Banking and Financial Institutions, , , , ,   

Are GameStop’s ‘Degenerates’ Just Getting Started?

They may have lost their bet. But they haven’t lost their political power.

#banking-and-financial-institutions, #gamestop-corporation, #gill-keith-1986, #hedge-funds, #reddit-inc, #stocks-and-bonds

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The New York Times 8:06 pm on February 2, 2021
Tags: Banking and Financial Institutions, , , , , , , , , , , , ,   

Robinhood’s C.E.O., Vlad Tenev, Is in the Hot Seat

Vlad Tenev has incited the fury of the trading app’s fans amid a stock market frenzy. His lack of preparedness on nuts-and-bolts issues was part of a pattern, former employees and analysts said.

#banking-and-financial-institutions, #bhatt-baiju, #computer-and-video-games, #computers-and-the-internet, #customer-relations, #financial-brokers, #gamestop-corporation, #millennial-generation, #mobile-applications, #robinhood-financial-llc, #social-media, #start-ups, #stocks-and-bonds, #tenev-vladimir

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The New York Times 6:00 pm on February 2, 2021
Tags: , Banking and Financial Institutions, , , , , ,   

Biden’s Plan to Uncouple the Democrats From Corporations

Uncoupling his party from big business is a daunting task.

#appointments-and-executive-changes, #banking-and-financial-institutions, #biden-joseph-r-jr, #chopra-rohit, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #gensler-gary-s, #regulation-and-deregulation-of-industry, #united-states-politics-and-government

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The New York Times 10:00 am on February 2, 2021
Tags: Banking and Financial Institutions, , , , Federal Reserve Bank of Chicago, , , , , , , ,   

Why Are There So Few Black Economists at the Fed?

Monroe Gamble became the San Francisco Fed’s first Black research assistant in 2018. His path shows why fixing a striking diversity shortfall will take commitment.

#banking-and-financial-institutions, #black-people, #colleges-and-universities, #daly-mary-c, #federal-reserve-bank-of-chicago, #federal-reserve-bank-of-san-francisco, #federal-reserve-system, #hiring-and-promotion, #labor-and-jobs, #minorities, #race-and-ethnicity, #united-states-economy, #united-states-politics-and-government

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The New York Times 11:51 pm on February 1, 2021
Tags: Banking and Financial Institutions, , , , , , , ,   

Robinhood, Under the Gun, Raises $2.4 Billion

The high volume of trading by its customers, many of them egged on by social media, has put a strain on the company’s balance sheet.

#banking-and-financial-institutions, #depository-trust-and-clearing-corporation, #fidelity-investments, #gamestop-corporation, #hedge-funds, #sequoia-capital, #stocks-and-bonds, #tenev-vladimir, #venture-capital

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The New York Times 10:33 pm on February 1, 2021
Tags: Banking and Financial Institutions, , , , ,   

Biden’s Covid Relief Plan Could Help End the GameStop Frenzy

We can’t beat Wall Street at its own zero-sum game. But we can change the rules.

#banking-and-financial-institutions, #biden-joseph-r-jr, #citadel-investment-group, #financial-brokers, #gamestop-corporation, #united-states-economy

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The New York Times 1:42 pm on February 1, 2021
Tags: Banking and Financial Institutions, , , , , , , , ,   

Why Tackling Gamestop’s Wild Stock Rise Will be a Challenge for Gensler

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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The New York Times 8:00 am on February 1, 2021
Tags: Banking and Financial Institutions, , , , , , , , , ,   

PPP Aid to Small Businesses: How Much Did $500 Billion Help?

Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #law-and-legislation, #layoffs-and-job-reductions, #recession-and-depression, #shutdowns-institutional, #small-business, #stimulus-economic, #united-states-economy

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The New York Times 8:00 am on February 1, 2021
Tags: Banking and Financial Institutions, , , , , , , , , ,   

Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #content-type-service, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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The New York Times 8:00 am on February 1, 2021
Tags: , Banking and Financial Institutions, , , , Denny's Inc, , ,   

How the Stock Market’s Relentless Rise Saved Companies

When the pandemic hit, banks cut credit to businesses that suddenly looked risky. Investors happily stepped in, buying their stocks and bonds.

#amc-entertainment-holding-inc, #banking-and-financial-institutions, #carnival-corporation, #coronavirus-2019-ncov, #credit-and-debt, #dennys-inc, #royal-caribbean-cruises-ltd, #stocks-and-bonds, #united-airlines

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The New York Times 10:00 am on January 31, 2021
Tags: Banking and Financial Institutions, , , Fortenberry, Jeffrey L (1960- ), , , , , , , , , , ,   

Lawmakers Look at GameStop Furor and See a Populist Issue to Seize

Ted Cruz. Alexandria Ocasio-Cortez. The rush by both parties to side with young traders disrupting the markets reflects the broad recognition of the impulses driving American politics.

#banking-and-financial-institutions, #cruz-ted, #democratic-party, #fortenberry-jeffrey-l-1960, #gamestop-corporation, #gingrich-newt, #khanna-ro, #ocasio-cortez-alexandria, #politics-and-government, #reddit-inc, #regulation-and-deregulation-of-industry, #republican-party, #robinhood-financial-llc, #united-states-economy, #united-states-politics-and-government

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The New York Times 4:38 pm on January 30, 2021
Tags: Banking and Financial Institutions, , , , , , , , , , , , , , TD Ameritrade Holding Corp.,   

The Silicon Valley Start-Up That Caused Wall Street Chaos

Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.

#banking-and-financial-institutions, #charles-schwab-corporation, #e-trade-financial-corporation, #fidelity-investments, #financial-brokers, #futures-and-options-trading, #gamestop-corporation, #jpmorgan-chasecompany, #mobile-applications, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #silicon-valley-calif, #stocks-and-bonds, #td-ameritrade-holding-corp, #venture-capital

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The New York Times 3:22 pm on January 29, 2021
Tags: Banking and Financial Institutions, Blockbuster Inc, , , , , , Long Term Capital Management LP,   

GameStop and Investing for the Long Run

Signs of irrational exuberance abound. Stay sober and invest for the long run, our columnist says.

#banking-and-financial-institutions, #blockbuster-inc, #charles-schwab-corporation, #facebook-inc, #financial-brokers, #gamestop-corporation, #hedge-funds, #long-term-capital-management-lp, #stocks-and-bonds

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The New York Times 3:13 pm on January 29, 2021
Tags: Banking and Financial Institutions, , , , , , , , , , , ,   

Join Us in Miami! Love, Masters of the Universe

Silicon Valley techies and Wall Street titans have bought homes and moved businesses there in the pandemic, coaxed by an eager mayor.

#banking-and-financial-institutions, #blackstone-group-the, #computers-and-the-internet, #coronavirus-2019-ncov, #elliott-management-corp, #entrepreneurship, #miami-fla, #private-equity, #real-estate-and-housing-residential, #relocation-of-business, #start-ups, #suarez-francis-x-1977, #venture-capital

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The New York Times 12:47 am on January 29, 2021
Tags: Banking and Financial Institutions, , , , , ,   

GameStop Rally Stalls as Robinhood and Others Set Limits

Small investors accused one trading platform of being “dishonest” and “pandering to the elite” as new restrictions on some stock trades spurred a calmer day in the markets.

#banking-and-financial-institutions, #computers-and-the-internet, #financial-brokers, #gamestop-corporation, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #stocks-and-bonds

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The New York Times 6:59 pm on January 28, 2021
Tags: Banking and Financial Institutions, , , , , , ,   

The GameStop Reckoning Was a Long Time Coming

This week, gleeful online hordes turned the stock market upside down. This shouldn’t come as a surprise.

#banking-and-financial-institutions, #computers-and-the-internet, #demonstrations-protests-and-riots, #financial-brokers, #gamestop-corporation, #reddit-inc, #robinhood-financial-llc, #stocks-and-bonds

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The New York Times 8:13 pm on January 27, 2021
Tags: Banking and Financial Institutions, , , , , ,   

Fed Leaves Interest Rates Near-Zero as Economic Recovery Slows

Fed Chair Jerome H. Powell said the economic outlook remains “highly uncertain” and will depend on the path of the virus.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #income-inequality, #interest-rates, #quantitative-easing, #stimulus-economic, #united-states-economy

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The New York Times 4:25 pm on January 25, 2021
Tags: Banking and Financial Institutions, , , ,   

For Sale: Souvenirs of Capitalism’s Failures

A bustling market for souvenirs of Lehman Brothers, Enron, and other casualties of the system.

#banking-and-financial-institutions, #capitalism-theory-and-philosophy, #collectors-and-collections, #memorabilia-and-souvenirs, #stocks-and-bonds

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The New York Times 5:33 pm on January 23, 2021
Tags: Banking and Financial Institutions, Baradaran, Mehrsa (1978- ), Barr, Michael S, , ,   

Progressives Are Seething Over Biden’s Likely Pick for Banking Regulator

A former Obama administration official is the front-runner to be comptroller of the currency. The prospect has angered groups hoping for more dramatic reform.

#banking-and-financial-institutions, #baradaran-mehrsa-1978, #barr-michael-s, #office-of-the-comptroller-of-the-currency, #presidential-transition-us, #regulation-and-deregulation-of-industry

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The New York Times 8:56 am on January 22, 2021
Tags: , , Banking and Financial Institutions, , , , , , , , , ,   

Big Banks’ Earnings Reflect the U.S. Economy Joe Biden Is Inheriting

Big banks are sending mixed signals.

#amazon-com-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coronavirus-2019-ncov, #executive-orders-and-memorandums, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #morgan-stanley, #stimulus-economic, #united-states-economy, #vaccination-and-immunization, #wells-fargocompany

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The New York Times 5:46 pm on January 18, 2021
Tags: , , Banking and Financial Institutions, , , , , , , , , , , ,   

Janet Yellen Readies Big Changes for Treasury

From financial regulation to minority lending, Biden’s pick is poised to change course sharply from the policies of Secretary Steven Mnuchin.

#adeyemo-adewale, #appointments-and-executive-changes, #banking-and-financial-institutions, #bernanke-ben-s, #biden-joseph-r-jr, #brookings-institution, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #mnuchin-steven-t, #presidential-transition-us, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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The New York Times 3:58 pm on January 17, 2021
Tags: Banking and Financial Institutions, , , ,   

With Vaccines and Stimulus on the Way, Banks Brighten Their Outlook

The biggest banks in the United States have begun to pare back the enormous reserves they had socked away in case of an economic disaster.

#banking-and-financial-institutions, #citigroup-inc, #credit-and-debt, #jpmorgan-chasecompany, #united-states-economy

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The New York Times 6:28 pm on January 15, 2021
Tags: Banking and Financial Institutions, , , Edelman, Richard Winston, Lesser, Richard, Robbins, Charles H,   

‘We Need to Stabilize’: Big Business Breaks With Republicans

Low taxes and light regulation made the party popular with corporate America for decades. President Trump and his supporters have frayed those bonds.

#banking-and-financial-institutions, #bastian-edward-h, #corporate-social-responsibility, #edelman-richard-winston, #lesser-richard, #robbins-charles-h, #storming-of-the-us-capitol-jan-2021

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The New York Times 11:21 pm on January 14, 2021
Tags: Banking and Financial Institutions, , ,   

Sherrod Brown: Progressives Will Be ‘Pretty Happy’ With Biden

In an interview, the incoming Senate Banking Committee Chairman opened up about bypassing bipartisanship if necessary, the looming housing crisis and more.

#banking-and-financial-institutions, #regulation-and-deregulation-of-industry, #stimulus-economic, #united-states-politics-and-government

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The New York Times 10:00 am on January 12, 2021
Tags: Banking and Financial Institutions, , , , , , , Wallet Recovery Services   

As Bitcoin Prices Swing, Millionaires Lose Sleep Over Lost Keys

Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can’t access that wealth because you forgot the password to your digital wallet?

#banking-and-financial-institutions, #bitcoin-currency, #computer-security, #computers-and-the-internet, #currency, #lost-and-found-property, #virtual-currency, #wallet-recovery-services

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The New York Times 1:21 am on January 12, 2021
Tags: , Banking and Financial Institutions, , , , , , , , , , , , , , , , , , , , ,   

The Business Rules the Trump Administration Is Racing to Finish

From tariffs and trade to the status of Uber drivers, regulators are trying to install new rules or reduce regulations before President-elect Joe Biden takes over.

#antitrust-laws-and-competition-issues, #banking-and-financial-institutions, #biden-joseph-r-jr, #community-reinvestment-act, #computers-and-the-internet, #electric-light-bulbs, #energy-department, #energy-efficiency, #executive-orders-and-memorandums, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #law-and-legislation, #office-of-the-comptroller-of-the-currency, #presidential-transition-us, #regulation-and-deregulation-of-industry, #social-media, #transportation-department-us, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #virtual-currency

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The New York Times 9:46 pm on January 8, 2021
Tags: Banking and Financial Institutions, , , , , ,   

When Can I Apply for a P.P.P. Loan?

A small group of lenders that focus on underserved borrowers will get priority when the Paycheck Protection Program resumes.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #minorities, #small-business, #small-business-administration, #stimulus-economic

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The New York Times 8:00 am on January 3, 2021
Tags: Banking and Financial Institutions, CME Group Inc, , ,   

Wall Street Eyes Billions in the Colorado’s Water

Investor interest in the river could redefine century-old rules for who controls one of the most valuable economic resources in the United States.

#banking-and-financial-institutions, #cme-group-inc, #colorado-river, #politics-and-government, #water

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The New York Times 7:57 pm on January 1, 2021
Tags: , , , Banking and Financial Institutions, , , , , National Defense Authorization Act, , , ,   

Congress Poised to Apply Banking Regulations to Antiquities Market

Regulators have long worried that the secrecy of the antiquities trade, where buyers and sellers are seldom identified, made it an easy way to launder money.

#art, #arts-and-antiquities-looting, #auctions, #banking-and-financial-institutions, #christies, #financial-crimes-enforcement-network-treasury-department, #law-and-legislation, #money-laundering, #national-defense-authorization-act, #regulation-and-deregulation-of-industry, #senate, #united-states-politics-and-government, #vetoes-us

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The New York Times 4:46 pm on December 31, 2020
Tags: Banking and Financial Institutions, , , ,   

Will an Overdraft Negative Bank Balance Impact Your Stimulus Check?

Banks have the power to decide whether to let overdrawn customers gain access to the stimulus money being deposited into their accounts, but they have taken different approaches.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #personal-finances, #prices-fares-fees-and-rates, #stimulus-economic

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The New York Times 11:11 am on December 27, 2020
Tags: , , , Banking and Financial Institutions, , , ,   

China Orders Ant Group to Revamp Its Business

The country’s central bank made clear its displeasure with the financial technology company, adding to the growing scrutiny of Chinese internet giants.

#alibaba-group-holding-ltd, #alipay, #ant-financial-services-group, #banking-and-financial-institutions, #china, #e-commerce, #ma-jack, #regulation-and-deregulation-of-industry

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The New York Times 9:45 pm on December 25, 2020
Tags: , Banking and Financial Institutions, , , , , ,   

Brexit Deal Done, Britain Now Scrambles to See if It Can Work

Britain is finally departing from the European Union, but its formal exit is only the beginning of a high-stakes experiment to unstitch commercial relations across an integrated continent.

#accounting-and-accountants, #banking-and-financial-institutions, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #johnson-boris, #regulation-and-deregulation-of-industry

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The New York Times 8:57 pm on December 23, 2020
Tags: Banking and Financial Institutions, , , , , , , , , , , ,   

The Year the Fed Changed Forever

Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.

#banking-and-financial-institutions, #content-type-personal-profile, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mnuchin-steven-t, #powell-jerome-h, #treasury-department, #united-states-economy, #united-states-politics-and-government

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The New York Times 12:49 am on December 19, 2020
Tags: Banking and Financial Institutions, , , , , , , , , , , ,   

What Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus Talks

The Fed’s emergency lending authorities are a key part of its job. Republicans want to curb them. Democrats are pushing back.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #stimulus-economic, #stocks-and-bonds, #toomey-patrick-j, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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The New York Times 10:03 pm on December 18, 2020
Tags: Banking and Financial Institutions, , ,   

Banks Can Resume Buybacks and Pay Dividends if They’re Profitable, Fed Says

Earlier this year, the regulator froze buybacks and put a lid on banks’ dividend payouts. Now it is slightly loosening those restrictions.

#banking-and-financial-institutions, #dividends-finance, #federal-reserve-system, #regulation-and-deregulation-of-industry

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The New York Times 11:48 pm on December 17, 2020
Tags: , Banking and Financial Institutions, , , , ,   

The W.T.O. Is Having a Midlife Crisis

Fixing the global trading system means first coming to grips with why it is broken.

#appointments-and-executive-changes, #banking-and-financial-institutions, #economic-conditions-and-trends, #international-trade-and-world-market, #okonjo-iweala-ngozi, #united-states-economy, #world-trade-organization

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