Revolut CEO Blames Banking Troubles for UK License Delay
The CEO of Revolut said that the recent turmoil in the banking industry caused the suspension of the banking license of this company in the UK.
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TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
British Banks Warn of Big Increase in Online Scams
British banks report that at the end of last year, there was a significant increase in fraud, most of which is observed in the online space.
Asia Investors Sue Switzerland Over Bank Collapse
Asian investors have joined international lawsuits against the Swiss government in connection with its actions to take over Credit Suisse bank.
Meta Vows to Fight as FTC Proposes New Privacy-Related Restrictions
The Federal Trade Commission (FTC) has proposed several restrictive measures against Meta.
OpenAI Reopens ChatGPT to Italian Users
OpenAI has announced that the chatbot ChatGPT has become available to Italian users again.
JPMorgan to Take Over First Republic Bank
JPMorgan will take over the management of the American First Republic Bank, which found itself in a crisis situation.
EU Parliament Approves Transfer of Funds Crypto Regulation
The Transfer of Funds regulation presupposes applying the same tracing requirements to crypto asset transfers as EU regulators demand from traditional money transfer providers The EU Parliament has voted to approve a new set of rules that allows the tracing of crypto-asset transfers, including bitcoin and electronic money tokens. The Transfer of Funds Regulation (TFR) means that […]
The Role of Abraham Lincoln in Establishing the National Banking System
President Abraham is The Great Emancipator for his part in black emancipation. But little is known of his exploits as a major proponent of the federal monetary structure. Andrew Jackson vetoed the “Bank Bill” to the Senate in 1832. Later on, Jackson tagged it as the greatest achievement of his life. The bill killed the […]
Silicon Valley Bank Employees to Get Back Some Money
Media reports that Silicon Valley Bank employees are returning some of the money after a period of uncertainty.
FTC Returns $1.1 Million to Consumers After Free Trial Settlement
The US Federal Trade Commission (FTC) is returning $1.1 million to consumers who were misled by deceptive offers of the so-called free trial of products.
US Regulators Say AI-Powered Decisions Must Follow Law
In the United States, four federal agencies in a joint statement, which was published on Tuesday, April 25, confirmed their commitment to the idea that all decisions made for companies by artificial intelligence should not contradict the norms of current legislation to one degree or another.
French Regulator Offers Crypto Companies Fast Track to MiCA
As European countries are searching for the best ways to transit to a new EU crypto regime called MiCA, French Financial Markets Authority offers a fast-track registration for the incumbents
UK Wants New Regulator to Tackle Big Tech
In the UK, a new regulator will appear in the foreseeable future, whose activity will be to supervise technology giants, including Amazon and Google.
Google Asks Court to Dismiss Multiple Claims in Epic Games Antitrust Trial
Google is looking for ways to quickly resolve antitrust litigation with the manufacturer of Fortnite Epic Games, Match Group, and the Attorney General of California.
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