In a lawsuit filed Thursday, the FDIC sought billions of dollars from 17 former Silicon Valley Bank executives and directors for alleged gross negligence and
Category: US
Trump 2.0: Tech billionaires clash with hardliners over foreign workers in tech in an online debate.
An online spat between Donald Trump’s supporters on immigration and the IT sector has exposed internal political divisions within his movement, giving a sneak peek
The U.S. government approves a $6.6 billion loan to EV maker Rivian to complete the stalled Georgia factory.
The U.S. Department of Energy will lend $6.6 billion to Rivian Automotive to construct a Georgia factory that had stalled as the fledgling electric vehicle
Elon Musk X’s bankers are looking forward to offloading $13b debt with his political rise in Trump 2.0
Some Wall Street banks are hopeful that they will soon be able to sell the $13 billion in debt that supported the billionaire’s acquisition of
US banks to win big from looser capital, higher lending and mergers under Trump.
With former President Donald Trump returning to the White House and bringing with him Republican regulators who are anticipated to relax capital requirements and merger
The World on edge as Trump regains the U.S. presidency.
The election of Donald Trump as the 47th president of the United States on Wednesday marked an incredible return for a former president who, four
U.S. watchdog unveils “open banking” rules to spur competition, control of data by consumers.
On Tuesday, the leading U.S. consumer financial protection watchdog agency released long-awaited regulations that will encourage competition and push open banking by giving customers the
U.S. budget deficit hits $1.8tr, with interest on federal debt over $1tr.
The Treasury Department announced Friday that the U.S. budget deficit increased to $1.833 trillion for fiscal 2024, the largest since the COVID era, as interest
Federal Reserve signals victory over inflation with a large half-point rate cut.
On Wednesday, the Federal Reserve slashed its benchmark interest rate by an exceptionally significant half-point. This was a drastic departure from the more than two
The U.S. government will raise $250b from the proposed minimum tax rule on large corporations.
The biggest American corporations would have to pay taxes equal to at least 15% of their income under a new regulation that the Biden administration
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