House Republicans are set to take a closer look at FinTechs and digital assets. Rep. Patrick McHenry, the new chair of the House Financial Services Committee, has created a new subcommittee devoted to digital assets, financial technology and inclusion, according to an announcement on the...
The day after being appointed as the U.K.’s new Chancellor of the Exchequer (the minister responsible for economic and financial matters), Kwasi Kwarteng met with a small delegation of senior bankers that included the European chief executives of Goldman Sachs, J.P. Morgan and BlackRock. At...
For believers in pathetic fallacy, the thunderclouds hanging over London today are an ominous sign for Liz Truss, who has officially been handed the reins of government by the outgoing Prime Minister Boris Johnson. In his final speech outside 10 Downing Street on Tuesday (Sept....
Citing concerns about the spread of misinformation in their country’s upcoming election, Brazilian prosecutors are asking messaging platform WhatsApp to hold off on the debut of a new feature called “Communities.” Communities will allow users to expand their messaging circles, reaching 2,560 people at once,...
This August, conservative party members will receive their ballots and will have until Sept. 5 to cast their vote, just in time for the new Conservative party leader to be sworn in as the next U.K. Prime Minister when parliament returns from its summer recess....
The Biden administration has scored a win for its financial regulatory team, as Michael Barr was finally confirmed as the vice chair for supervision of the Federal Reserve Wednesday (July 13) by the Senate. Barr’s confirmation will give the central bank a full seven-member board...
Beset by scandals and following critical electoral defeats last month, Boris Johnson announced last week that he would be stepping down as prime minister of the United Kingdom, triggering a leadership race among the Tory party. Read more: UK’s Boris Johnson Resignation May Delay Crypto,...
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). The master account gives Colorado-based Reserve Trust access to the Fed’s payments services, which...
President Joe Biden’s nominee for Federal Reserve vice chair of banking supervision, Michael Barr, has moved closer to winning the nomination after a lengthy process, The Wall Street Journal (WSJ) wrote Wednesday (June 8). The Senate Banking Committee on Wednesday has voted to support Barr...
