Financial Regulation

Meta Platforms should continue paying a daily fee of nearly $100,000 as it remains in violation of the European General Data Protection Regulation, a Norwegian regulator argued.

Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.

SEC Chair Gary Gensler said Monday that the financial regulator is looking to ensure that the use of AI in financial advising focuses on clients' interests, rather than the model's.

Massachusetts Sen. Elizabeth Warren sent a letter warning Treasury Secretary Janet Yellen and other financial regulators against allowing further bank mergers.

Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday that the central bank is looking to be more agile in regulating banks before and during financial crises.

Officials are seeking documents related to Goldman Sachs' role as both buyer of SVB’s securities portfolio and adviser on the company’s capital raise.

The FDIC's quarterly banking report found that total deposits in U.S. banks declined as uninsured deposits were withdrawn even as insured deposits rose amid the banking crisis.

Regional banks saw their share prices jump Wednesday in the wake of the banking crisis as Western Alliance Bank announced strong growth in its deposit base.

The FDIC announced a proposed special assessment on large banks that would recoup the $15.8 billion pulled from an insurance fund following the failures of Silicon Valley Bank and Signature Bank.

House Republicans are growing tired of SEC Chairman Gary Gensler's antics over internal documents requested by Congress intended to shed light on the agency's goals.

The U.S. government is planning an outbound investment screening mechanism that would potentially review overseas investments in sensitive technologies, including Chinese AI firms.

Federal and state financial regulators are looking into the possibility of market manipulation by short-sellers targeting regional banks, which have experienced significant volatility.

The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.

First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

First Republic Bank released its first-quarter financial results, which revealed a 40% decline in deposits compared to the end of 2022 in the wake of the recent banking crisis.

The Treasury Dept. released its first-ever illicit finance risk assessment of decentralized finance (DeFi) services to cybercriminals and state actors like North Korea.

The Bank of North Dakota's unique position as the only U.S. bank owned and operated by a state has drawn attention as a potential alternative structure amid the recent banking crisis.

Silicon Valley Bank's collapse is prompting scrutiny of the bank's poor risk management and regulators' failure to get the bank to change course before its implosion.

The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.