Financial Industry News
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Biden Taps Veteran Financial Regulators To Lead SEC, CFPB
President-elect Joe Biden will nominate Gary Gensler to lead the Securities and Exchange Commission and Rohit Chopra to head the Consumer Financial Protection Bureau, according to a statement from Biden's transition team Monday morning. The pair's…
Post-COVID-19 Outlook: Systemic risks in financial markets to remain 'moderate'
After an unprecedented year, financial markets will continue to be under pressure, but the risk of a systemic disruption will be moderate, according to a new analysis. “Systemic risks in the financial markets [will] remain moderate over the…
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Terrible financial advice is going viral on TikTok
People are learning all kinds of new things on TikTok: how to do viral dances to popular songs, how to make hot cocoa bombs or paint an accent wall. They are also learning dubious financial information from unverified sources with millions of…
5 Tips to Stay Focused on Your Financial Goals in 2021
If you're like most, you're ready for a new year with fewer challenges to your health and wealth than 2020 presented. While this post won't help you avoid Covid or shed any of that unwanted quarantine weight, it will give you essential tips to…
China Top Financial Watchdog Blasts 'State Monopoly' Accusation
China's top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more with global trade rules. Guo Shuqing, chairman of the China Banking and…
Why We Should Advocate for Decentralized Finance and Its Regulation
Decentralization is the current trend in the global financial market. However, it's far from the only innovation that the industry has seen in recent times. As corporations aim to accelerate their capital raise, such businesses have taken to…
Biden taps Rohit Chopra and Gary Gensler to lead financial regulators
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. The pick comes as Democrats eye…
Here are the top finance stories of the day for January 19
Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: JPMorgan's Jamie Dimon just declared war on fintechs Big players like Bloomberg LP are starting to upend the alt-data landscape Trump is…
French Finance Chief Says Killing Carrefour Bid Is Good Politics
Food security is not negotiable, Le Maire tells RTL radio Le Maire calls for ‘friendly options' in Suez-Veolia battle Photographer: Cyril Marcilhacy/Bloomberg French Finance Minister Bruno Le Maire said that shooting down a foreign takeover…
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Power Corp. unit partners with insurers, financial firms to launch green energy fund
Montreal's Desmarais family and a group of financial institutions have launched a $1-billion investment fund to buy into solar and wind energy projects in the latest show of Canadian financial might for the renewable sector. The sustainable energy…
Politics updates: Biden taps Elizabeth Warren allies, signals tougher financial oversight
We're two days from President-elect Joe Biden's Inauguration Day and here are the updates from Washington: Biden on Monday nominated two former financial regulators from President Barack Obama's administration to lead two agencies, signaling a…
Singapore-based Volopay raises $2.1 million seed round to build a 'financial control center' for businesses
Volopay, a Singapore-based startup building a “financial control center” for businesses, announced today it has raised $2.1 million in seed funding. The round was led by Tinder co-founder Justin Mateen, and included participation from…
Europe's Firms Face $720 Billion Capital Gap to Fund Recovery
The European Union needs to find new ways to recapitalize businesses so that the hole on corporate balance sheets doesn't derail the recovery, according to a financial-industry group. Companies face an equity shortfall of as much as 600 billion…
EU Eyes Dollar's Global Dominance in a Bid to Bolster the Euro
Commission to back plans for more economic, financial autonomy Plans include strengthening international role of the euro Photographer: Geert Vanden Wijngaert/Bloomberg The European Union will unveil its plan on Tuesday to strengthen the…
Biden picks Chopra, Gensler for financial oversight roles
Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau. Published: 9:24 AM EST January 18, 2021 Updated: 9:24 AM EST January 18, 2021 WASHINGTON — President-elect Joe Biden is set to nominate Rohit…
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