China rejects currency-manipulation claims as EU talks intensify
October 09, 2026
| Yonnex Li
China's central bank has issued a forceful rejection of claims that it manipulates the yuan exchange rate to gain trade advantages, declaring that market forces play the decisive role in determining the curren... (more story)
Amex Bank fined $350 million by US OCC for BSA, money laundering defects
October 08, 2026
| Neil Roland
The American Express National Bank, one of the US’s largest credit and charge card issuers by transaction volume, was fined $350 million by the US Office of the Comptroller of the Currency for deficiencies in ... (more story)
US GAO to probe impact of CFTC workforce cuts on duties, Warren says
October 08, 2026
| Neil Roland
The nonpartisan US Government Accountability Office has said it will investigate the impact of the Commodity Futures Trading Commission's workforce cuts on the agency's ability to carry out its expanding respo... (more story)
US SEC has 'serious concerns' about ExxonMobil shareholder block voting, report says
October 07, 2026
| Neil Roland
The US Securities and Exchange Commission “has serious concerns” about coordination among BlackRock, State Street and other funds in the attempted ouster of some ExxonMobil directors in 2021, but stopped short... (more story)
US SEC adopts rule allowing quorum of one
October 06, 2026
| Neil Roland
The US Securities and Exchange Commission adopted a new rule that allows a one-member quorum to be present for a vote, revising a 1995 rule that permitted two SEC members to constitute a quorum in certain case... (more story)
US Fed to mull changes to asset-based community bank definition, Bowman says
October 06, 2026
| Neil Roland
The US Federal Reserve this year will consider changes to the asset-based community bank threshold of $10 billion in a move to expand the number of small banks relieved of more stringent supervisory expectatio... (more story)
AI buildout may call for disclosures due to long-term risks, US Fed says
October 05, 2026
| Neil Roland
The AI buildout may entail financial risks related to "significant long-term structural shifts" that go beyond hazards of short-term asset repricing, a US Federal Reserve Bank of Kansas City paper said, noting... (more story)
Virtual-currency reporting rules withdrawn by US FinCEN
October 05, 2026
| Samuel Rubenfeld
The US Treasury Department withdrew two proposed rules on Monday that would have imposed reporting requirements relating to the money laundering risks of convertible virtual currency.