Senate Committee on Banking, Housing, and Urban Affairs will meet in to conduct a hearing entitled, “National Security Challenges: Outpacing China in Emerging Technology.” The witnesses will be: Ms. Emily Kilcrease, Senior Fellow and Director of the Energy, Economics, and Security Program, Center for a New American Security; Mr. Jamil N. Jaffer, Founder & Executive […]
The Senate Banking, Housing and Urban Affairs Subcommittee conducts a hearing on “Annual Oversight of Wall Street Firms” at 9:30 a.m. ET on Dec. 6. Witnesses: Mr. Charles W. Scharf, CEO and president of Wells Fargo & Company; Mr. Brian Thomas Moynihan, chairman and CEO of Bank of America; Mr. Jamie Dimon, chairman and CEO […]
What are the consequences of Tucker Carlson’s departure from Fox News, and for who? And what impact might it have on the 2024 election? We hear from retired Vanderbilt professor Carol Swain. Does the FBI have documents that support allegations of prior criminal misconduct by President Joe Biden? Two top Republicans say they do and are […]
The Manhattan grand jury investigating former President Donald Trump is reportedly back at work. Meanwhile, new national polls show Trump enjoying strong leads for his 2024 bid. President Joe Biden is renewing calls for gun control after a school shooting in Nashville left six people dead. Lawmakers on Capitol Hill are shining a spotlight on […]
In another delay in New York’s probe into former President Donald Trump, the grand jury is on standby for a possible decision Thursday, with a clear divide in reactions between Republicans in the House and Senate. Legacy PAC founder Jared Craig joins us to assess the latest developments in the unprecedented case, and what this […]
Congress will hold its first bipartisan hearing with top federal financial regulators into the failure of Silicon Valley Bank (SVB) and Signature Bank at the end of the month, the House Financial Services Committee announced Friday. Martin Gruenberg, chairman of banking regulator the Federal Deposit Insurance Corporation (FDIC), and Michael Barr, vice chair for supervision […]
Nationwide teacher strikes are on hold as the government announces intensive talks with education unions. We’ll be hearing from a school chaplain who lost his job after defending the right to question LGBT policies. A week of banking turbulence ends with a whimper as an early recovery in European stock markets runs out of steam.
President Joe Biden said the U.S. banking system is safe in a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden […]
A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023. ShareAction—an investment group whose website states that its “vision is a world where the financial system serves […]
The government sets out sweeping reforms to the financial sector to replace EU regulation and cut red tape. The World Cup quarter-finals kick off, as England prepares to meet France on Saturday evening. We speak to stroke survivors who are on a pathway to recovery, through song and dance.
In recent days, some one hundred people took to the streets to protest in China’s Henan province. They gathered in front of the province’s Bureau of Banking and Insurance Regulatory Commission—despite soaring temperates of 104 degrees. The problem? Banks in the area aren’t allowing customers to withdraw their own money. Now—the demonstrators are demanding their […]
SAN FRANCISCO—Alphabet Inc’s Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app, initially in partnership with Citigroup Inc and a small credit union at Stanford University.
SYDNEY—Commonwealth Bank of Australia’s chairwoman on Nov. 21 defended her testimony to a financial sector inquiry that she had raised governance concerns with senior management, even though lawyers said there were no records of her doing so. Catherine Livingstone was also grilled over why the head of the scandal-hit retail division was later appointed CEO, […]
SYDNEY—Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at the firm. The exits follow disclosures at a judicial inquiry into the country’s financial sector that AMP misled […]
SYDNEY—A government-backed inquiry into Australia’s finance sector will demand to see confidential settlements brokered by banks, pension funds and insurance providers if they shed light on wrong-doing, the head of the inquiry said as it began on Monday. Any attempt by an institution to prevent information being made public, including dispute settlements with customers, would […]
WASHINGTON (AP) — House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of President Barack Obama’s landmark banking law. A House panel on Thursday approved Republican-written legislation that would gut much of the Dodd-Frank law […]
