Articles

  • 1 week ago | news.bloombergtax.com | Lydia Beyoud |Katanga Johnson

    President Donald Trump ousted two Democratic members of the National Credit Union Administration Board, adding to a spate of recent firings as he continues to assert more control over independent agencies. The dismissal of NCUA board members Todd Harper and Tanya Otsuka comes after Trump fired two Democratic commissioners at the Federal Trade Commission in March and a National Labor Relations Board member in January.

  • 1 week ago | bloomberg.com | Lydia Beyoud |Katanga Johnson

    The latest firings will likely add to ongoing court challenges over the president’s authority to remove senior, Senate-confirmed officials from their roles at independent agencies. (Bloomberg) -- President Donald Trump ousted two Democratic members of the National Credit Union Administration Board, adding to a spate of recent firings as he continues to assert more control over independent agencies.

  • 1 week ago | news.bloomberglaw.com | Katanga Johnson

    The Federal Deposit Insurance Corp. is looking for ways to cut staffing by as much as an additional 20% as part of Elon Musk’s DOGE cost-cutting, according to people familiar with the matter. The Department of Government Efficiency has echoed President Donald Trump’s demands that the plan be submitted by Monday to the White House’s Office of Management and Budget, said some of the people, who asked not to be identified discussing nonpublic information.

  • 1 week ago | news.bloombergtax.com | Katanga Johnson

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 1 week ago | news.bloombergtax.com | Katanga Johnson

    The Federal Deposit Insurance Corp. is looking for ways to cut staffing by as much as an additional 20% as part of Elon Musk’s DOGE cost-cutting, according to people familiar with the matter. The Department of Government Efficiency has echoed President Donald Trump’s demands that the plan be submitted by Monday to the White House’s Office of Management and Budget, said some of the people, who asked not to be identified discussing nonpublic information.

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Katanga Johnson
Katanga Johnson @kjspeakstruth
9 Sep 24

SCOOP: The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, which will be unveiled as soon as Sept. 19. My latest @Bloomberg:

Katanga Johnson
Katanga Johnson @kjspeakstruth
7 Sep 24

SCOOP: The Fed and other regulators are poised to unveil a 450-page document of sweeping changes — as soon as Sept. 19 — to a slate of proposed capital rules for banks as they seek to overcome tough resistance from the industry. Top changes include a reduction in the capital

Katanga Johnson
Katanga Johnson @kjspeakstruth
5 Sep 24

RT @robblackwellAB: Both @kjspeakstruth and @vtg2 are trying to get FDIC Chair Gruenberg to make news on Basel III, and despite very good q…