The trading revenue from U.S. commercial banks and savings associations totaled $11.6 billion in the fourth quarter of 2023, according to the Office of the Comptroller of the Currency (OCC). The O...
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The U.S. Department of the Treasury issued a report this week that probes cybersecurity risks in the financial sector from artificial intelligence (AI). The report, called Managing Artificial Inte...
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On Tuesday, the Securities and Exchange Commission (SEC) announced that it is looking for five candidates to fill appointments to the Investor Advisory Committee. The Committee, which helps to pro...
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U.S. Sen. Mike Rounds (R-SD) is leading a group of eight Senate Republicans who are opposed to a proposal by the Securities and Exchange Commission (SEC) to expand Regulation Systems Compliance and In...
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A new survey from Grant Thornton LLP has found that a majority of professionals in mergers and acquisitions (M&A) are preparing for deal volumes to increase. The survey, which polled 238 M&A profe...
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Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the most recent quarter, according to the Federal Housing Finance Agency’s (FHFA) fourth quarter 2023 Foreclosure Pr...
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U.S. Sen. Sherrod Brown (D-OH) introduced two bills recently that seek to boost the availability of affordable housing. “All over Ohio, I hear from renters and homeowners whose only option is to...
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On Friday, federal officials joined forces to warn senior citizens about possible scams involving precious metals. The Commodity Futures Trading Commission’s (CFTC) Office of Customer Education ...
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U.S. Sen. Ron Wyden (D-OR), chair of the Senate Finance Committee, launched an investigation into the multinational Swiss bank Pictet to determine whether it is abetting ongoing tax evasion by a U.S. ...
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New guidance was issued by the U.S. Treasury Department and Internal Revenue Service (IRS) regarding the bonus tax credits for clean energy projects and facilities located in so-called energy communit...
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