United States
Companies
Boeing’s chief executive pointed to “serious performance lapses” (subscription) for Boeing’s continuing troubles as the company continues to hemorrhage funds.
FinCen fined Lake Elsinore Casino $900,000 for AML failures, its first action against a casino in six years.
Investment firms dump stocks to maintain compliance with tax rules requiring diversified portfolios.
Cybersecurity
UnitedHealth has confirmed that at least 100 million people were affected by its data breach in February.
The Consumer Finance Protection Board (CFPB) warned of legal risks involved in surveilling employees with unchecked AI.
FINRA highlighted industry risks associated with “the metaverse” in a report.
ESG
Carbon removal industries call on US government for increased regulation.
Canada
In continuing fallout from its eyewatering fine TD ratings were downgraded by Moody’s with the rating agency citing severe weakness in the bank’s corporate governance and risk management.
EU
Intel has won a significant legal battle to quash a huge competition fine for alleged anticompetitive behavior in the chip market levied by the European Commission.
The Irish Data Protection Commission has fined LinkedIn a hefty €310m for GDPR infringements connected to the processing of personal data.
Switzerland
UBS CEO Sergio Ermotti echoed other global banking executives in highlighting (subscription) diverging and “often-burdensome” regulations as a potential threat to global capital flows and a brake on growth and innovation.
United Kingdom
Under fire from the government the UK’s Competition and Markets Authority has launched a study into the “critical drivers and blockers of growth” of the UK economy, including factors affecting its ability to compete effectively on the international stage.
A new Data Use and Access Bill is intended to cut down on bureaucracy including making patient data more easily transferable across the NHS.
