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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank.

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EU Shakes Up Digital Policy To Get Competitive In Tech

PYMNTS

The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. The proposals coincide with efforts by some EU countries to levy digital taxes on large American technology companies.

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

Facebook and Google could face financial penalties in the millions of dollars if they don’t follow potential legislation introduced into the parliament of Australia that would require Big Tech to pay for news content that they show, The Washington Post reported. Ireland Unveils Supplements to New Proposed Digital Safety Law.

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Tech Cos Making M&A Deals Amid Pandemic

PYMNTS

billion deal for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. This crisis threatens to further entrench the power of Big Tech,” Sandeep Vaheesan, legal director at the Open Markets Institute, a Washington, D.C. Two years ago it was valued at $3.2

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A Brief History Of Libra

PYMNTS

Tomorrow, July 16, Marcus will go to Washington for the first of what will likely be an ongoing series of meetings with global regulators and legislators. Both noted that while the rollout and media coverage has mainly focused on Libra as a “Facebook product,” that is not how they view the opportunity to sign on as a founding member.