Showing 145 to 156 of 181 results
FDIC Sues 17 Former Silicon Valley Bank Executives for Negligence
The FDIC sued 17 former Silicon Valley Bank executives for negligence and fiduciary breaches, seeking billions in recovery for the bank's March 2023 collapse that involved ignoring prudent banking standards and paying a large dividend shortly before failure.
FDIC Sues 17 Former Silicon Valley Bank Executives for Negligence
The FDIC sued 17 former Silicon Valley Bank executives for negligence and fiduciary breaches, seeking billions in recovery for the bank's March 2023 collapse that involved ignoring prudent banking standards and paying a large dividend shortly before failure.
Progress
48% Bias Score
CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates
The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.
CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates
The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.
Progress
56% Bias Score
Spain's Bank Tax: A โฌ1.695 Billion Band-Aid on Systemic Issues
Spain's temporary bank tax, intended to address excessive profits, raised โฌ1.695 billion in 2024, but critics argue it's an ineffective solution to systemic issues, highlighting the inadequacy of the Deposit Guarantee Fund and proposing alternative solutions like eliminating fractional reserve banki...
Spain's Bank Tax: A โฌ1.695 Billion Band-Aid on Systemic Issues
Spain's temporary bank tax, intended to address excessive profits, raised โฌ1.695 billion in 2024, but critics argue it's an ineffective solution to systemic issues, highlighting the inadequacy of the Deposit Guarantee Fund and proposing alternative solutions like eliminating fractional reserve banki...
Progress
68% Bias Score
ยฃ28 Billion Motor Finance Mis-selling Compensation Bill Looms
The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders ยฃ28 billion in compensation, impacting firms like Lloyds Banking Group (ยฃ4.2 billion) and Close Brothers Group (ยฃ460 million), with a December 4th deadline for final responses to complaints.
ยฃ28 Billion Motor Finance Mis-selling Compensation Bill Looms
The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders ยฃ28 billion in compensation, impacting firms like Lloyds Banking Group (ยฃ4.2 billion) and Close Brothers Group (ยฃ460 million), with a December 4th deadline for final responses to complaints.
Progress
36% Bias Score
EU Weighs Deregulation Amid US Pressure
The EU is considering easing financial regulations to boost competitiveness, driven by Donald Trump's potential deregulation in the U.S. and reports advocating for a shakeup in how Europe's financial markets operate, creating a dilemma between competitiveness and financial stability.
EU Weighs Deregulation Amid US Pressure
The EU is considering easing financial regulations to boost competitiveness, driven by Donald Trump's potential deregulation in the U.S. and reports advocating for a shakeup in how Europe's financial markets operate, creating a dilemma between competitiveness and financial stability.
Progress
60% Bias Score
US Credit Card Defaults Soar to 14-Year High
US credit card loan defaults soared to \$46 billion in the first nine months of 2024, a 50% increase from 2023 and the highest level since 2010, disproportionately affecting lower-income households with zero savings rates, according to a Financial Times report citing BankRegData.
US Credit Card Defaults Soar to 14-Year High
US credit card loan defaults soared to \$46 billion in the first nine months of 2024, a 50% increase from 2023 and the highest level since 2010, disproportionately affecting lower-income households with zero savings rates, according to a Financial Times report citing BankRegData.
Progress
28% Bias Score
SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases
The SEC is suing Elon Musk for failing to disclose his acquisition of over 5% of Twitter's shares before his \$44 billion purchase in October 2022, costing taxpayers at least \$150 million, according to the SEC. This is one of several lawsuits related to Musk's controversial Twitter acquisition.
SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases
The SEC is suing Elon Musk for failing to disclose his acquisition of over 5% of Twitter's shares before his \$44 billion purchase in October 2022, costing taxpayers at least \$150 million, according to the SEC. This is one of several lawsuits related to Musk's controversial Twitter acquisition.
Progress
40% Bias Score
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Progress
48% Bias Score
UK Regulator Bans Wahed Invest Ads Depicting Burning Banknotes
Six Wahed Invest advertisements featuring burning US dollar and euro banknotes were banned by the Advertising Standards Authority (ASA) in November 2023 after 75 complaints that they were likely to cause serious offence to viewers in the US and Europe.
UK Regulator Bans Wahed Invest Ads Depicting Burning Banknotes
Six Wahed Invest advertisements featuring burning US dollar and euro banknotes were banned by the Advertising Standards Authority (ASA) in November 2023 after 75 complaints that they were likely to cause serious offence to viewers in the US and Europe.
Progress
44% Bias Score
Barr Resigns as Fed's Top Bank Regulator
Federal Reserve Governor Michael Barr announced his resignation as vice chair for supervision on February 28th, 2024, to preempt potential conflicts with the incoming Trump administration and Senate Republicans who opposed his stricter banking regulations; Barr will remain a Fed governor.
Barr Resigns as Fed's Top Bank Regulator
Federal Reserve Governor Michael Barr announced his resignation as vice chair for supervision on February 28th, 2024, to preempt potential conflicts with the incoming Trump administration and Senate Republicans who opposed his stricter banking regulations; Barr will remain a Fed governor.
Progress
60% Bias Score
BDDK Proposes 10-Year Term Limits for Turkish Bank CEOs
The Turkish Banking Regulation and Supervision Agency (BDDK) proposed a draft limiting the tenure of bank CEOs to 10 years and other executives to varying limits, following a major fraud case involving a former Denizbank branch manager; banks must comply by June 30, 2025.
BDDK Proposes 10-Year Term Limits for Turkish Bank CEOs
The Turkish Banking Regulation and Supervision Agency (BDDK) proposed a draft limiting the tenure of bank CEOs to 10 years and other executives to varying limits, following a major fraud case involving a former Denizbank branch manager; banks must comply by June 30, 2025.
Progress
36% Bias Score
Vanguard Agrees to FDIC Oversight of Bank Investments
Vanguard, managing nearly $9 trillion, reached a deal with the FDIC on December 27, 2024, to increase transparency and accountability regarding its passive investments in US banks exceeding 10 percent, addressing concerns about potential conflicts of interest and undue influence.
Vanguard Agrees to FDIC Oversight of Bank Investments
Vanguard, managing nearly $9 trillion, reached a deal with the FDIC on December 27, 2024, to increase transparency and accountability regarding its passive investments in US banks exceeding 10 percent, addressing concerns about potential conflicts of interest and undue influence.
Progress
28% Bias Score
Showing 145 to 156 of 181 results