Despite reports of Republicans and Democrats naming him as a possible nominee for U.S. Treasury secretary, there’s an “almost nil” chance that JPMorgan Chase CEO Jamie Dimon will leave the bank, a source told Reuters. Dimon, 68, who has led the banking giant for nearly...
Federal Trade Commission (FTC) Chair Lina Khan faced scrutiny from Republicans at a Thursday (July 13) House Judiciary Committee Oversight hearing. Under Khan, the FTC’s budget has ballooned by 30%, with the Biden administration granting an additional $430 million in fiscal year 2023, the New York Post...
In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded loans they received from the $660 billion in aid for small businesses. “I am pleased that we have been able...
Chinese telecom firm Huawei was charged with racketeering and conspiracy to steal trade secrets on Thursday (Feb. 13), along with two of its U.S. subsidiaries, according to The Wall Street Journal. The charges are yet another escalation to the pressure from the Trump administration on...
March 09, 2018
Who fizzled most this week from the news that a trade war looms, courtesy of the Donald Trump administration? There was the continued drain of the Trumpian brain trust. Gary Cohn, economic adviser at large, former Goldman executive and widely liked by Wall Street, is out the door. There was the fizzle of the stock market […]
February 16, 2018
Tempest in a (meal) box? Attention turned to meal kits as the government invoked “Blue Apron” as a model of sorts for a new food stamp initiative. Turns out the...
July 17, 2017
The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and Barclays begins ring-fencing efforts.
November 12, 2024
Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov. 12) hearing that such a move would need to come from a federal court, Bloomberg News reported Tuesday. In past cases, Meta lawyer James Rouhandeh […]
November 06, 2024
Despite reports of Republicans and Democrats naming him as a possible nominee for U.S. Treasury secretary, there’s an “almost nil” chance that JPMorgan Chase CEO Jamie Dimon will leave the...
July 13, 2023
Federal Trade Commission (FTC) Chair Lina Khan faced scrutiny from Republicans at a Thursday (July 13) House Judiciary Committee Oversight hearing. Under Khan, the FTC’s budget has ballooned by 30%, with the...
June 22, 2020
In a 180-degree turn, the Trump administration now says it will release the names of Paycheck Protection Program (PPP) recipients and the amount of taxpayer-funded loans they received from the...
