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Europe wrapped itself in a web of new rules. Can it reverse course?
With Donald Trump promising more deregulation in the US and businesses upset about red tape, the EU is now searching for balance.
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SEC adopts amendments to broker-dealer Customer Protection Rule
Certain broker-dealers must now compute customer and reserve deposit requirements, making required deposits into reserve accounts on a daily rather than weekly basis.
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USAA dinged for failing to fix AML, IT, third-party oversight shortcomings
According to the OCC, this order includes parts of prior orders issued in 2019 and 2022 with which USAA was not yet in compliance.
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The relentless advance of American asset managers in Europe
Powerful US groups are shaking up the market and forcing their transatlantic rivals to partner and scale up — or exit the sector.
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CFTC amends investor safeguard rules
Amendments include permitting certain sovereign debt investments and the replacement of LIBOR with SOFR.
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SEC charges Express with failing to disclose $1m in perks to former CEO
The SEC said the company understated the “All Other Compensation” portion of its CEO’s compensation by an average of 94 percent over three fiscal years.
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Musk, Altman and the AI feud worth billions of dollars
Is the Musk-Altman rivalry just about brains and innovation, or does it also revolve around the billions of dollars in investment?
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Microsoft has purchased half a million advanced Nvidia chips as part of AI investment
As the AI race intensifies, Microsoft wants to hold on to its lead over rivals by stockpiling crucial hardware for the technology.