You Searched For "Financial Services Committee" and got 20 results
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2 mins read
Powell rebuts a GOP congressman who suggested the Fed drop its mission to boost employment during recessions
Rep. French Hill of Arkansas proposed the Fed nix its employment target and focus solely on inflati…
Ben Winck
1 min read
Sam Bankman-Fried vows to testify before House Committee on Financial Services over FTX collapse when he's 'finished learning and reviewing what happened'
The FTX cofounder, who is facing investigations in the US and the Bahamas, addressed his statement …
Beatrice Nolan
1 min read
A California democrat's joke during Wednesday's crypto hearing has spurred the creation of 'mongoose coin'
"Will mongoose coin always have a value?" Sherman said at the hearing. "I don't know. I just made i…
Natasha Dailey
2 mins read
A congressman from Texas defended crypto exchanges as the 'Babe Ruth' of financial services and said regulation would undo progress in the industry
Republican Rep. Roger Williams said a heavy-handed approach to the crypto industry could stifle inn…
Natasha Dailey
2 mins read
India’s central bank to establish cloud facility for financial institutions
India’s central bank, the Reserve Bank of India (RBI) is working on a dedicated cloud facility for …
2 mins read
Nifty scales Mount 21,000 as RBI hikes growth forecast
Equity benchmark Nifty50 hit 21,000 just as RBI Governor Shaktikanta Das announced holding on to ra…
2 mins read
Rep. Katie Porter says she relishes committee hearings because it's the only place where 'nobody is trying to control me'
In an interview with Vanity Fair, Porter said members of Congress often have to follow leadership w…
Bryan Metzger
1 min read
Eight key sectors' output soars by 56.1% in April due to low base effect
"This high growth rate in April 2021 is largely due to low Index base in April 2020 consequent t…
PTI
3 mins read
The CEOs of Robinhood, Reddit, Melvin Capital, and Citadel, as well as streamer Roaring Kitty, will testify at a House hearing on GameStop
The CEOs, including Robinhood CEO Vlad Tenev, will testify on GameStop alongside Keith Gill, known …
Grace Dean
1 min read
KV Kamath appointed independent director of Reliance Industries, Jio Financial Services
The Board of Directors also approved the postal ballot notice in this regard. Kamath will c…
2 mins read
The US is recovering faster than expected but economic rebound is far from complete, Fed's Powell says
Industries hit hardest by Covid "remain weak," and the current 6.2% unemployment rate "underestimat…
Ben Winck
2 mins read
US and European crypto regulation efforts accelerate in the wake of market shakeup
Here's a roundup of the outcomes from recent crypto regulatory efforts within the US and Europe.
Jenna McNamee
2 mins read
Fed worries sink stock markets; Nifty below 20,000 mark but midcaps outperform
Indian benchmark indices crashed on Wednesday with both Sensex and Nifty slipping by over 1.1% in t…
2 mins read
Robinhood CEO says customers on the platform have reaped $35 billion in gains
Tenev was challenged by lawmakers, who asked how returns would compare if users had invested their …
Isabelle Lee
2 mins read
Reddit trader Keith Gill told Congress he'd still buy GameStop stock at its current price
Gill noted his position is "based on the fundamentals," and that he mostly didn't expect shares to …
Ben Winck
3 mins read
Reddit and Robinhood are testifying to Congress today about GameStop's unlikely rally. Here's what to expect.
Reddit may side with individual investors, Robinhood will explain why it restricted trading, and Co…
Allana Akhtar
3 mins read
India’s first quarter GDP may surpass RBI MPC projection
The Indian GDP may surpass the latest Reserve Bank of India projections for the first quarter of…
3 mins read
Sen. Ted Cruz is worth at least $2.6 million, according to financial disclosures
Cruz has made significant money since his failed 2016 presidential run, pinning a series of books t…
Brent D. Griffiths
5 mins read
Trump is using the coronavirus as an excuse to go full kleptocrat, and the GOP is going right along with him
Trump has treated the coronavirus response like a family project, and that means we don't know enou…
Linette Lopez
3 mins read
Sen. Tommy Tuberville is worth at least $4.5 million, according to his financial disclosures
After a 36-year college football coaching career including a high-profile stint at Auburn, Sen. Tom…