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Michelle Price

U.S. government releases more data on millions of businesses that took pandemic aid

2:55am GMT

WASHINGTON The Trump administration late on Tuesday released the names of more than 10 million businesses and individuals that took pandemic aid, providing more transparency for the programs which officials say have been plagued by fraud and abuse.

Factbox: The top contenders to run Biden's financial agencies

27 Nov 2020

WASHINGTON Democratic U.S. President-elect Joe Biden's team has tapped a mix of progressives and centrist policy experts, including former derivatives market regulator Gary Gensler, to work on a transition plan for financial industry oversight.

Wall Street banks slam lending proposal as 'unworkable' and 'political'

25 Nov 2020

WASHINGTON Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators.

U.S. tech firms can compensate gig-workers with equity under SEC proposal

24 Nov 2020

WASHINGTON The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.

JPMorgan Chase to pay $250 million for failings in asset, wealth business

24 Nov 2020

WASHINGTON JPMorgan Chase & Co has agreed to pay $250 million for risk management and other control failings in its asset and wealth management business, a U.S. regulator said on Tuesday, in the second chunky penalty for the bank in less than two months.

Wall Street banks can't snub certain industry sectors under proposed new rule

20 Nov 2020

WASHINGTON, Nov 20 Wall Street banks would not be allowed to refuse to lend to categories of businesses under a rule proposed on Friday that aims to address concerns that politically controversial sectors, like oil and gas and gun-makers, are being deprived of funding.

U.S. financial groups, wary of crackdown, feel out Biden transition team

20 Nov 2020

WASHINGTON Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid programs, and appointees, according to more than a dozen executives at banks and financial lobby groups.

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