David Smagalla
Bureau Chief, Risk and Compliance Journal at The Wall Street Journal
Bureau chief for WSJ's Risk & Compliance Journal. Purveyor of news of various sorts and the latest odd animal video. Any opinions here are my own.
Articles
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2 days ago |
createsend.com | David Smagalla
Good morning. Crypto is pushing deeper into the banking system. Why? A regulatory crackdown on crypto in the wake of the meltdown of FTX and two crypto-friendly banks prompted some in traditional finance to break up with the industry two years ago. Now President Trump’s pledge to make America a “bitcoin superpower” has set the stage for crypto to become more intertwined with the banking system. Who?
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1 week ago |
createsend.com | David Smagalla
Good morning. Facebook owner Meta Platforms and the Federal Trade Commission squared off Monday in a trial that could shape the future of antitrust enforcement and force the tech giant to break itself up by selling Instagram and WhatsApp.
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1 week ago |
createsend.com | David Smagalla
Good morning. Executives from cryptocurrency exchange Binance met with Treasury Department officials last month and discussed loosening U.S. government oversight on the company, while it was also exploring a business deal with a Trump family crypto venture, according to people familiar with the talks.
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2 weeks ago |
createsend.com | David Smagalla
Good morning. The Justice Department is scaling back prosecutors’ ability to bring criminal charges against cryptocurrency firms, in a move that could disrupt several ongoing cases and investigations. The changes: The department will no longer bring charges against exchanges, dealers, mixing services and wallet providers “for the acts of their end users,” according to a memorandum issued late Monday by Deputy Attorney General Todd Blanche.
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2 weeks ago |
createsend.com | David Smagalla
Good morning. President Trump ordered a new national security review of Nippon Steel’s plan to acquire U.S. Steel, offering a new life for a $14 billion deal that was blocked by former President Joe Biden. The review: The White House on Monday said a fresh look conducted by the Committee on Foreign Investment in the U.S. would help the president determine whether further action would be appropriate.
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In today's Morning Risk Report: The biggest ever sanctions have failed to halt Russia’s war machine, and the U.S. Justice Department hires first chief artificial intelligence officer https://t.co/DxsuasIwlH
My latest: Switzerland’s financial regulator has appointed European Central Bank executive Stefan Walter as its new head https://t.co/8nUszZRapN via @WSJRisk
My latest: Industrial and Commercial Bank of China will pay about $32 million to resolve investigations into alleged compliance problems at the bank’s New York branch https://t.co/9o1g8xgsoJ via @WSJRisk