US auction awards failed First Republic Bank to JP Morgan Chase
US regulators have accepted a high bid from JP Morgan Chase for the purchase of failed First Republic Bank
Source: shanghainews.net
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Failed First Republic Bank sold by US to JP Morgan Chase
US regulators have accepted a high bid from JP Morgan Chase for the purchase of failed First Republic Bank
Source: mainemirror.com
First Republic Bank auction underway
US regulators are trying to clinch a sale of First Republic Bank (FRC.N) over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major US bank to fail in two months.
Source: thedailystar.net
US Mulls Ways to Regulate AI Technologies Like ChatGPT
US regulators on Tuesday took a first step towards drawing up new rules on artificial intelligence that could see the White House put the brakes on new technologies such as ChatGPT. The US Department of Commerce put out a call for input from industry actors that would serve to inform the Biden administration in drafting regulation on AI. Biden last week said the jury is still out on whether AI poses a danger to society.
Source: news18.com
Biden urges US regulators to restore tougher rules on midsize banks
While his predecessor Donald Trump eased rules for banks with between $100 billion and $250 billion in assets, Biden urged regulators to instead consider a set of reforms to 'reduce the risk of future banking crisis,' according to a White House fact sheet
Source: firstpost.com