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Republican control of the U.S. House of Representatives will help advance financial services firms' priorities, with a wish list that includes curbing ambitious proposals by a top markets regulator and diminishing the clout of a popular U.S. consumer watchdog.
November 17 -
The companies are improving the way older, "offline by nature" industries like steel and food services handle transactions and financing.
November 17 -
Btech Consortium, a partnership between several small banks, a venture capital firm and an asset manager, will identify emerging technologies that meet their members' near-term needs.
November 17 -
Farmers and the bankers who lend to them are increasingly concerned that rising costs will hasten a recession and hamper credit quality in 2023.
November 16 -
The Kentucky Bankers Association is seeking to halt Attorney General Daniel Cameron's investigation into climate commitments made by six large banks. The suit alleges that the AG overstepped his authority by seeking to compel the banks to turn over certain documents and communications.
November 16 -
Burke & Herbert Financial Services in Alexandria, Virginia, plans to list its shares on the Nasdaq stock market — not to raise funds, but to boost its profile with investors.
November 16 -
The San Francisco bank joined Bank of America, U.S. Bancorp and Huntington Bancshares, which have previously introduced similar products. The Pew Charitable Trusts said the loans are a more affordable option for cash-strapped consumers than payday loans and overdraft fees.
November 16 -
Financial Services Committee Chair Maxine Waters and the panel's top Republican, Rep. Patrick McHenry, pressed bank regulators to support bipartisan stablecoin legislation and other efforts to toughen standards for cryptocurrencies in the aftermath of the FTX collapse.
November 16 -
The cryptocurrency lender BlockFi is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private.
November 16 -
A major hurdle for employees who want to speak out about workplace sexual harassment is poised to be removed — with significant ramifications across Wall Street, which has lagged behind the rest of corporate America in scaling back nondisclosure agreements.
November 16