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Nov 1 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank (FRCB.PK), raising the prospect of stiff penalties for the failed bank’s former bosses. “We can confirm a D&O probe into First Republic is taking place,” a spokesperson told Reuters on Wednesday, referring … Read more
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[1/3]U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Sept 19 (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed … Read more
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The U.S. Supreme Court building is seen on the day that Justices Clarence Thomas and Samuel Alito released their delayed financial disclosure reports and the reports were made public in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights WASHINGTON, Sept 12 (Reuters) – The U.S. Consumer Financial Protection Bureau is currently pursuing … Read more
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The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Aug 7 (Reuters) – Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. PayPal’s announcement, which lifted … Read more
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July 31 (Reuters) – A Texas judge on Monday ruled that many lenders need not comply with a Consumer Financial Protection Bureau (CFPB) mandate to gather demographic data on small business borrowers while the U.S. Supreme Court weighs the agency’s funding. The Texas Bankers Association (TBA), American Bankers Association (ABA) and a small Texas bank … Read more