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Can Joe Biden escape the fallout from the US banking crisis? | Larry Elliott

TheGuardian

That has been the message from the White House to those who fear the collapse of three US banks in as many months spells serious trouble for the world’s biggest economy. Manufacturing firms are heading to the US to take advantage of the green subsidies contained in Biden’s Inflation Reduction Act. Jobs are still being created.

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Biden corporate tax plan could earn EU and UK billions, study shows

TheGuardian

EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

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FinCEN AML/CTF Priorities Part 7: Fraud and COVID-19

Abrigo

In March of 2020, the US Department of Treasury, the Office of Fiscal Service, and the Internal Revenue Service provided 3 rounds of fast monetary relief in response to the COVID-19 pandemic in the United States through the passing of the Coronavirus Aid, Relief, and Economic Security ( CARES ) Act. The influx of money from the U.S.

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COVID-19 Vaccinations, ‘Smart’ Grocery Carts, Real-Time Disbursements Top This Week’s News

PYMNTS

In this week's news, we saw updates on COVID-19 vaccinations, “smart” grocery carts and safer real-time disbursements. CFPB Changes Expected as Biden Administration Settles In . To say that the pandemic has changed us all is putting it more than a little mildly. The Weekender is here to catch you up.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

Million In MoneyGram Stock OCC’s Brian Brooks: Cryptocurrency Regulation Coming Soon Mastercard's Virtual Mobile Cards, Ghost Kitchens, Geolocation Data Top This Week's News Ripple CEO 'Waiting To See' With Biden Administration Before Leaving US.

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Wall Street bank bosses warn Congress that new rules risk hurting US economy

TheGuardian

Senate banking committee chair argues lobbying fight is ‘why people hate’ Wall Street and Washington Wall Street’s most powerful banking executives warned Congress that new regulations on the industry proposed by the Biden administration risk hurting the US economy.

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Yellen says Silicon Valley Bank won’t receive bailout after collapse

TheGuardian

US treasury secretary says Biden administration is working closely with regulators to help depositors as fears of banking crisis rise The US treasury secretary, Janet Yellen, said on Sunday there will be no bailout for Silicon Valley Bank, which collapsed this week, raising fears of a banking crisis, but also said the Biden administration was working (..)

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