While it fights the regulation in court, the U.S. Securities and Exchange Commission is delaying the implementation of its new climate disclosure rule. The final
Category: US
Trump Towers may be up for grabs on Monday to offset the $457m owed to New York in a civil fraud lawsuit.
On Monday, former president Donald Trump, who is now appealing the ruling that resulted in the enormous debt, will learn how New York State is
US regulators align with big lenders on a major reduction in the Basel capital requirement.
Eight business leaders who regularly interact with regulatory officials and the agencies anticipate that U.S. regulators will drastically slash the excess capital banks are required
SEC adopts historic regulation requiring businesses to report emissions and climate concerns.
The historic regulation mandating businesses to disclose information on their greenhouse gas emissions and climate risks is scheduled for a vote by the U.S. Securities
Capital One will acquire Discover for $35b, in a deal that will upset the US payments industry.
In a deal that would combine two of the country’s credit card businesses and perhaps upend the payments sector, which is primarily controlled by Visa
The COVID-era employee retention tax credit program was 95% fraud, and Congress is anxious to shut it down.
During a recent private meeting between senators and IRS Commissioner Danny Werfel, the chairman of the Senate Finance Committee requested his opinion on an astonishing
U.S. unveils new regulations to save bank consumers $3.5b yearly on overdraft fees.
On Wednesday, the Biden administration released new draft regulations that, according to officials, could reduce the fees big banks charge on overdrawn deposit accounts, potentially
BlackRock takes over infrastructure fund manager GIP in a $12 billion cash and stock deal.
In a deal worth more than $12 billion, BlackRock is purchasing Global Infrastructure Partners, an independent infrastructure fund manager, in exchange for stock. About 12
U.S. bankruptcies rose by 18% in 2023 and may worsen in 2024, triggering recession fears.
Data released on Wednesday indicated that, even though the number of bankruptcy cases filed in the United States increased by 18% in 2023 due to
The US national debt reaches a record of $34 trillion, giving $100,000 per American citizen.
At more than $34 trillion, the federal government’s gross national debt has reached a record high that portends political and economic obstacles to improving America’s
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