Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 16 results for "US regulators"

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
The Federal Trade Commission (FTC) is investigating OpenAI, the artificial intelligence research firm that owns ChatGBT, to evaluate possible negligence and consumer harm. In a 20-page document sent to the Microsoft-backed AI firm, regulators demanded ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another bank collapse after it released disastrous Q1 results showing significant ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... away from the London Interbank Offered Rate (LIBOR). Some USD LIBORs will continue until mid-2023, but even in the US regulators have stated that firms should cease entering into new contracts using USD LIBOR as a reference rate as soon as practicable ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... $3.9 billion by Malaysian regulators over the 1MDB scandal. Goldman was hit with a further $2 billion fine from US regulators for its role in underwriting 1MDB bonds. The second largest US fine was $3 billion, handed to Wells Fargo after it was revealed ...

Market volatility ideal for fundamental investors: Expert

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
... selling" around investment factors such as momentum and volatility. Adding to this was Wells Fargo being penalised by US regulators and the US stock markets subsequently fed on the announcement. Finally, exchange-traded fund (ETF) trading volumes had ...

SEC bestow first whistleblowers awards

ALEX DUNNIN  |  THURSDAY, 4 SEP 2014
While Australian financial regulators wrestle with how to treat whistleblowers, in the US regulators actually have a formal executive office dedicated to supporting them and even bestow awards on whistleblowers. The US Securities Exchange Commission ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
... $US9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports. US regulators and BNP Paribas executives are trying to hash out a settlement following charges the bank breached US sanctions against Iran ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
... Kong-listed shares fell for a second day following huge losses in London on Tuesday, after the bank was accused by US regulators of hiding sanction-busting multi-billion-dollar trades with Iran. Tokyo closed up 0.88 per cent, or 77.85 points, at 8,881.16 ...

Fears Volcker Rule will hit sovereign bond trading

ALEX DUNNIN  |  THURSDAY, 9 FEB 2012
... likelihood of future bail outs by government. It was passed into law in 2010 after being co-sponsored by several US regulators including the US Department of Treasury's Office of the Comptroller of the Currency, the Federal Reserve Board and the Securities ...
PAGE:
1
PREVIOUS
NEXT