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☆ Trump Legal Team Rejects Calls for Testimony Limits in Defamation Case
▼ + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

A jury last year found in a civil case that Trump had sexually abused Carroll in the 1990s and then defamed her in 2022 by calling her a liar. Multiple courts have sought to require Trump not to stray into diatribes and speechmaking. U.S. District Judge Lewis Kaplan this month ruled that the former president may not tell the jury he did not rape Kaplan. "[I]t would be a manifest injustice to require President Trump to proffer his guilt, under oath, for acts that he maintains did not occur" and which were not proven beyond a reasonable doubt, attorney Alina Habba wrote. Habba also argued that, despite pre-set limits on his testimony, Trump would be free to testify about the context in which he made his remarks about Carroll as evidence showing whether he did so with hatred or ill will.

Persons: Donald Trump, Trump, Jean Carroll, defaming, Carroll, District Judge Lewis Kaplan, Kaplan, Alina Habba, Habba, Douglas Gillison, Mark Porter Organizations: Reuters, Republican, District Locations: New York, speechmaking, U.S

☆ FDIC watchdog planning 'special inquiry' on agency leadership, sexual harassment
▼ + stars: | 2023-11-28 | by ( Douglas Gillison | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

A "new evaluation project" will also review FDIC reform efforts since a 2020 investigation found its handling of sexual harassment complaints was deficient, according to Caitlin Savino, spokesperson for the FDIC Office of Inspector General. Previously, FDIC officials said the agency had satisfied recommendations from that investigation. Gruenberg has expressed personal alarm at the accounts and vowed to address the matter as a top agency priority. Republican lawmakers on the House Financial Services Committee have announced the start of a "rigorous" congressional probe into the matter. Reporting by Douglas Gillison; editing by Franklin Paul, Jonathan Oatis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheila Bair, Jason Reed, Caitlin Savino, Martin Gruenberg, Gruenberg, Douglas Gillison, Franklin Paul, Jonathan Oatis, David Gregorio Our Organizations: Federal Deposit Insurance Corp, REUTERS, Companies United, U.S . Federal Deposit Insurance Corp, Republican, Financial Services, Thomson Locations: Washington, Companies United States, America

☆ Wall St regulator adopts Dodd Frank rule against trader conflicts
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC move is mandated by the Dodd Frank law, aimed at eradicating behavior seen in the 2008 global financial crisis. The rule is among the last to be adopted under 2010's Dodd Frank Wall Street reform legislation and faced a winding road to completion. Parties covered by the rule include underwriters, placement agents and sponsors for asset-backed securities. The SEC says it will require compliance with the rule for asset-backed securities with closing dates falling 18 months after the rule appears in the Federal Register.

Persons: Andrew Kelly, Dodd Frank, Dodd Frank Wall, Gary Gensler, Hester Peirce, Goldman Sachs, Douglas Gillison, David Gregorio, Marguerita Choy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Republican, Senate, Federal Register, Thomson Locations: Washington ,

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

☆ US FDIC launches review of alleged sexual harassment, misconduct
▼ + stars: | 2023-11-21 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

FDIC Chair Martin Gruenberg was also cited in the reports as having earned a reputation for bullying and leniency in cases of misconduct. The special committee will be co-chaired by two FDIC board members, acting Comptroller of the Currency Michael Hsu, a Democrat, and board member Jonathan McKernan, a Republican. Last week, McKernan and FDIC Vice Chair Travis Hill, also a Republican, had demanded that Gruenberg recuse himself from oversight of any review. The board resolution approving the review includes provisions "that restrict the ability of FDIC management and FDIC Board members not on the Special Committee to engage with or influence the review," Hill said, noting that his support of the decision had depended on that condition. In a statement, Sherrod Brown, a Democrat and chair of the Senate Banking Committee who last week called on FDIC inspector general's office to investigate, said the FDIC board had taken "appropriate steps" to ensure its own review would proceed independently.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Michael Hsu, Jonathan McKernan, McKernan, Travis Hill, Hill, Sherrod Brown, Douglas Gillison, Lisa Shumaker, Marguerita Choy, Leslie Adler Organizations: Federal Deposit Insurance Corp, REUTERS, Companies United, U.S . Federal Deposit Insurance Corp, Street Journal, Wall Street, Republican, FDIC, Democrat, recusal, Thomson Locations: Washington, Companies United States, America

This raised doubts over whether SEC rules would survive a court challenge. An SEC spokesperson declined to comment on Scope 3 emissions and when the climate disclosure rules will be finalized. Even some advocates of climate action have expressed concerns about the logistical challenges of accurately calculating Scope 3 emissions. For many businesses, however, Scope 3 emissions represent more than 70% of their carbon footprint, according to consulting firm Deloitte. Some voluntary initiatives such as the International Sustainability Standards Board already specify that it is best practice to disclose Scope 3 emissions.

Persons: Rebecca Cook, Gary Gensler, Joe Biden's, Biden, Gensler, Jarrett Renshaw, Douglas Gillison, Isla Binnie, Chris Prentice, Ross Kerber, Simon Jessop, Michelle Price, Greg Roumeliotis, David Gregorio Our Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Union, Republican, Commission, Democrat, Deloitte, Gensler, Republican SEC, Sustainability, U.S . Chamber, Commerce, Thomson Locations: Detroit , Michigan, U.S, CALIFORNIA, California, Washington, New York, Boston, London

☆ US lawmakers pressure FDIC chief over misconduct allegations
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Friday's announcements suggest lawmakers will continue to pile pressure on Gruenberg over revelations about a key agency in the Biden administration's financial reform agenda. In a letter, Republican members of the House Financial Services Committee on Friday publicly notified Gruenberg of a probe announced earlier this week. An FDIC spokesperson told Reuters the agency would be "fully transparent and cooperative" with the committee's investigation. An FDIC OIG representative told Reuters on Friday the office had received the Senate Democrats' request and was reviewing it. "Chairman Gruenberg, the viability of your leadership is in question," wrote House Financial Services Committee Chair Patrick McHenry and senior members Bill Huizenga and Andy Barr, all Republicans.

Persons: Martin Gruenberg, Yuri Gripas, Gruenberg, Patrick McHenry, Bill Huizenga, Andy Barr, Douglas Gillison, Matthew Lewis Organizations: Federal Deposit Insurance Corporation, REUTERS, Companies U.S . House, U.S . Federal Deposit Insurance Corporation, Biden, Financial, FDIC, Reuters, Democratic, Banking, FDIC's, Democrats, Thomson Locations: Washington

☆ Pressure mounts on FDIC chief amid calls for recusal, congressional probe
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. In a statement, FDIC Vice Chairman Travis Hill and board member Jonathan McKernan said that "at a minimum" Gruenberg and FDIC General Counsel Harrel Pettway should recuse themselves from the internal review of workplace conduct at the agency. "It is clear Mr. Gruenberg never should have been reappointed or confirmed in the first place," McHenry said. McHenry also said Gruenberg had "initially misled" the committee during testimony on Wednesday, at first claiming he had not been the subject of an investigation to his workplace conduct before acknowledging that he had. Reporting by Douglas Gillison; Editing by Chizu Nomiyama and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Travis Hill, Jonathan McKernan, Harrel Pettway, Patrick McHenry, McHenry, Douglas Gillison, Chizu Nomiyama, Nick Zieminski Organizations: Federal Deposit Insurance Corp, REUTERS, Republican, U.S, U.S . Federal Desposit Insurance Corporation, Financial Services, Thomson Locations: Washington, U.S .

☆ US FDIC to consider 'special assessment' for March bank failure losses
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo Acquire Licensing RightsNov 16 (Reuters) - The U.S. Federal Deposit Insurance Corporation on Thursday was due to consider approving the collection of bank fees to recover losses from the failures of Silicon Valley Bank and Signature Bank in March. The FDIC's board of directors had been due to conduct a public meeting to vote on the matter but the agency announced Thursday morning that board members would instead consider the matter in private. The final version may be different. (This story has been corrected throughout to say that the FDIC plans to vote without holding an open meeting)Reporting by Douglas Gillison; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Reed, Douglas Gillison, Chizu Organizations: Federal Deposit Insurance Corp, REUTERS, U.S, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Thomson Locations: Washington

☆ US lawmakers demand FDIC watchdog briefing on workplace culture
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jason Reed/File Photo Acquire Licensing RightsNov 14 (Reuters) - Republican lawmakers on the House Financial Services Committee said Tuesday they were calling for an urgent briefing from a government watchdog to address reported allegations of pervasive sexual harassment at the Federal Deposit Insurance Corporation (FDIC). FDIC Chairman Martin Gruenberg was likely to face questioning on the matter during Congressional hearings with other top banking regulators this week, including a Wednesday appearance before the House Financial Services Committee. Gruenberg on Monday told staff the agency would not tolerate sexual harassment and announced that the agency had hired an outside law firm to review its internal practices. The FDIC Office of Inspector General (OIG) reported in 2020 that the FDIC's efforts to prevent sexual harassment were inadequate. "As is our practice, we will continue to monitor management challenges at the FDIC as they are brought to the attention of the OIG, including matters related to sexual harassment," said FDIC Chief of Staff Jon Lebruto.

Persons: Sheila Bair, Jason Reed, Patrick McHenry of, Martin Gruenberg, Tyler Smith, Jon Lebruto, Douglas Gillison, Anna Driver Organizations: Federal Deposit Insurance Corp, REUTERS, Republican, Financial, Federal Deposit Insurance Corporation, Street Journal, Financial Services Committee, FDIC, Monday, Reuters, Thomson Locations: Washington, Patrick McHenry of North Carolina

REUTERS/Chris Helgren Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Citigroup Inc (C.N) has agreed to pay $25.9 million to settle U.S. Consumer Financial Protection Bureau (CFPB) charges it intentionally discriminated against credit card applicants who the bank identified as Armenian-American based on their last names. The CFPB also said bank employees lied to applicants by giving them fake reasons for denials, and were instructed not to discuss the discrimination in writing or over the phone. According to a consent order, some employees referred to card applicants they suspected were of Armenian descent as "Armenian bad guys" or the "Southern California Armenian Mafia." The payment includes a $24.5 million civil fine and $1.4 million of restitution to card applicants, for violations of the federal Equal Credit Opportunity Act. Citigroup apologized, saying it had been trying to thwart an Armenian fraud ring in California but that a "small number" of employees circumvented its fraud detection protocols.

Persons: Chris Helgren, Rohit Chopra, Chopra, Biden, Jonathan Stempel, Tatiana Bautzer, Douglas Gillison, Chizu Nomiyama, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Consumer Financial Protection Bureau, Citigroup, Southern California Armenian Mafia, Credit, Act, Thomson Locations: Toronto , Ontario, Canada, Glendale , California, Armenia, United States, Southern California, California, York, New York, Washington

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - The top U.S. consumer financial watchdog on Tuesday proposed to regulate tech giants' digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack consumer safeguards. In a statement on Tuesday, Chopra said the tech sector had expanded into financial services traditionally provided by the closely regulated banking sector. "Today's rule would crack down on one avenue for regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight," he said. Representatives of Big Tech companies have previously highlighted their efforts to protect consumer data. The agency said the rule would also foster competition by ensuring that both traditional financial players and the tech sector were equally subject to the same oversight.

Persons: Dado Ruvic, Block's, CashApp, Rohit Chopra, Chopra, CFPB, Lindsey Johnson, Douglas Gillison, Hannah Lang, Chris Prentice, Matthew Lewis, Mark Potter, David Gregorio Our Organizations: PayPal, REUTERS, Rights, Consumer, Apple, Big Tech, Consumer Bankers Association, Electronic Transactions Association, Thomson Locations: Washington, New York

[1/3] The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. FDIC Chairman Martin Gruenberg said in March the agency was also probing possible misconduct related to the collapses of Silicon Valley Bank (SVB) and Signature Bank (SBNY.PK) New York. As with SVB and Signature Bank, the FDIC is probing whether First Republic executives and board members broke rules that require them to act in the bank's best interests. NO ACTIONThe March implosions of SVB and Signature Bank sparked a deposit run at First Republic. FDIC bank failure probes can take years.

Persons: Jason Reed, Martin Gruenberg, SVB, Michael Roffler, James Herbert, Roffler, Michael Krimminger, IndyMac, Michael Perry, Douglas Gillison, Christine Prentice, Michelle Price, Matthew Lewis Organizations: Federal Deposit Insurance Corp, REUTERS, Federal Deposit Insurance Corporation, First Republic Bank, Reuters, FDIC, Valley Bank, Signature Bank, Regulators, First Republic, U.S . Justice Department, Securities, Exchange Commission, SEC, First, Bloomberg, Federal, JPMorgan Chase &, JPMorgan, Reserve, New, Thomson Locations: Washington, Republic, New York, First Republic, Massachusetts, SVB

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 26 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded fund (ETF) - seen as a driver of demand because it would allow investors to obtain direct exposure to the cryptocurrency via an exchange-listed product. To date, the SEC has approved only ETFs tied to bitcoin futures contracts. Anticipation around spot ETFs has been rising after the SEC opted not to appeal a court ruling it had been wrong to reject an application from Grayscale Investments to convert its existing bitcoin trust into a spot bitcoin ETF.

Persons: Dado Ruvic, Gary Gensler, Bitcoin, I'm, Gensler, Jan, Douglas Gillison, Megan Davies, David Holmes Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Thomson Locations: U.S

☆ US SEC proposes banning volume-based trading discounts for stock brokerages
▼ + stars: | 2023-10-18 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. FollowOct 18 (Reuters) - Wall Street's top regulator on Wednesday proposed new regulations it said should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pricing schemes that tend to favor bigger players. At a public meeting in Washington, a divided five-member U.S. Securities and Exchange Commission voted 3-2 to propose banning stock exchanges from offering lower transaction prices and rebates to brokerages with higher trading volumes, something officials said creates unfair competitive advantages for larger firms. The ban on transaction price discounts and rebates would not apply when brokerages trade for themselves, SEC officials said in advance of the meeting. In those cases, stock exchanges will have to disclose pricing tiers and the number of exchange members who qualify to the SEC, which will make this available to the public.

Persons: Jim Bourg, Gary Gensler, Hester Peirce, Ellen Greene, Douglas Gillison, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, AddSekkei Inc, Exchange, Republican, American Securities Association, Securities Industry, Financial Markets Association, Thomson Locations: Washington, brokerages

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The new rules require institutional investors to report their gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle. "Investment advisers will face more risk when selling short, which will harm investors, market participants, and market efficiency," said its CEO Bryan Corbett. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice.

Persons: Jim Bourg, Gary Gensler, Gensler, Stephen Hall, FINRA, Bryan Corbett, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Stephen Hall of Better, Justice Department, Thomson Locations: Washington, U.S

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. The practice has long been divisive, with critics accusing short sellers of trying to hurt companies, and short sellers arguing they help root out fraud and corporate misconduct. Since at least 2021, the Justice Department and the SEC have also been investigating potential manipulation by short sellers and hedge funds around the publication of negative research reports. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice. Specifically, institutional investors will have to report gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle.

Persons: Jim Bourg, Gary Gensler, FINRA, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Justice Department, Thomson Locations: Washington, U.S

The battle against junk fees is part of President Joe Biden's administration's effort to ease strains on voter pocketbooks as an election year approaches. Taking on "junk fees" gives Biden and his allies fodder to show they are helping people tackle costs as many Americans are dissatisfied with his economic stewardship. The administration has previously proposed a rule to require airlines to disclose fees upfront. The agency estimated the fees cost consumers tens of billions of dollars annually on items such as hotel resort fees. "These junk fees function as an invisible tax that quietly inflates prices across the economy," FTC Chair Lina Khan told reporters on a conference call.

Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden's, Lina Khan, Diane Bartz, Jeff Mason, Douglas Gillison, Richard Chang Organizations: U.S, Fire Prevention, Eisenhower, White, REUTERS, Companies United, Democrat, Federal Trade Commission, FTC, Consumer Financial, Thomson Locations: Washington , U.S, Companies United States, America

☆ US SEC shortens deadline to disclose 5% stock ownership to 5 days
▼ + stars: | 2023-10-10 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

[1/2] The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. As adopted, the rule also shortens the disclosure deadline for certain institutional investors to 45 days from the end of the quarter in which their ownership stake surpasses 5%. Previously, the deadline was 45 days from the end of the calendar year. In advance of the announcement, SEC officials told reporters the final rule had been softened in important ways from the original proposal. The SEC announced the new rule changes after they had already been adopted rather than through a public meeting.

Persons: Andrew Kelly, Gary Gensler, Elon Musk, Hester Peirce, Peirce, Douglas Gillison, David Gregorio, Nick Zieminski, Mark Porter Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Republican, Thomson Locations: Washington ,

U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.

Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo

On Sunday, U.S. air carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) suspended direct flights following the FAA's caution advisories. Britain's easyJet (EZJ.L) halted flights to Tel Aviv on Sunday and Monday, and said it would adjust the timings of flights over the next few days. Lufthansa (LHAG.DE) group, also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Portugal's TAP suspended flights up until Monday and offered refunds or rescheduling at no additional cost. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea, cancelled flights between Tel Aviv and Shanghai on Monday.

Persons: Benjamin Netanyahu, Amir Cohen, Finland's, Britain's, Goodbody, Virgin Atlantic, IAG, Ben, Ben Gurion, Douglas Gillison, Sophie Yu, Farah Master, Joyce Lee, Brenda Goh, Tim Hepher, Ilona Wissenbach, Sergio Goncalves, Anna Ringstrom, Sarah Young, Joanna Plucinska, Clarence Fernandez, Bernadette Baum Organizations: Israeli, Ben Gurion International, REUTERS, El Al, Fighters, Tourism, Regulators, Federal Aviation Administration, European Union Aviation Safety Agency, Sunday, United Airlines, Delta Air Lines, American Airlines, Delta, Air, Wizz, Lufthansa, Portugal's TAP, Virgin, East . British Airways, Ryanair, flyDubai, Hainan Airlines, Thomson Locations: Lod, Israel, Tel Aviv, Gaza, Israel's, United States, U.S, New York, Chicago, Washington, DC, Miami, United, Europe, Air France, Hungarian, East, Ben Gurion, China, Hong Kong, South Korea, Shanghai, Beijing, Shenzhen, Lisbon, Stockholm, London

☆ Several airlines suspend Tel Aviv flights until safety conditions improve
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amir Cohen/File Photo Acquire Licensing RightsOct 9 (Reuters) - Several international air carriers have suspended flight services with Tel Aviv in light of the Hamas militant attack on Israel, saying they were waiting for safety conditions to improve before resuming. Britain's easyjet (EZJ.L) said it had halted flights with Tel Aviv on Sunday and Monday, and would adjust the timings of flights in the next few days. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, cancelled flights between Tel Aviv and Shanghai on Monday, citing the security situation in Israel. It said it would continue flights linking Beijing and the southern tech hub of Shenzhen with Tel Aviv while waiving fees for cancellations before Oct. 20. Korean Air (003490.KS) said it cancelled its Monday flight between the port city of Incheon and Tel Aviv and expects future flights to be irregular.

Persons: Benjamin Netanyahu, Amir Cohen, Finland's, United, Britain's, Douglas Gillison, Sophie Yu, Farah Master, Joyce Lee, Brenda Goh, Anna Ringstrom, Stockholm Sarah Young, Andrea Ricci, Clarence Fernandez Organizations: Israeli, Ben Gurion International, REUTERS, Fighters, Sunday, United Airlines, Delta Air Lines, American Airlines, Air, Delta, Hainan Airlines, Cathay, HK, Korean, Thomson Locations: Lod, Israel, Tel Aviv, Gaza, U.S, New York, Chicago, Washington, DC, Miami, United States, China, Shanghai, Beijing, Shenzhen, Hong Kong, KS, Incheon, Stockholm, London

☆ Several airlines suspend Tel Aviv flights until conditions improve
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Amir Cohen/File Photo Acquire Licensing RightsOct 8 (Reuters) - Several international air carriers said on Sunday they had suspended flights serving Tel Aviv in light of the Hamas militant attack on Israel and were waiting for conditions to improve before resuming service. U.S. air carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) said they had suspended direct flights, as did Air France (AIRF.PA). The U.S. air lines normally operate direct service from major U.S. metropolitan areas including New York, Chicago, Washington, DC and Miami. In a statement, United said it had operated two scheduled flights to the United States from Israel late Saturday and early Sunday but that service would remain suspended "until conditions allow them to resume." Delta representatives said they were monitoring the situation to make schedule adjustments as necessary but that flights "have been canceled into this week."

Persons: Benjamin Netanyahu, Amir Cohen, United, Douglas Gillison, Lisa Shumaker, Andrea Ricci Organizations: Israeli, Ben Gurion International, REUTERS, United Airlines, Delta Air Lines, American Airlines, Air, Thomson Locations: Lod, Israel, Tel Aviv, U.S, New York, Chicago, Washington, DC, Miami, United States

☆ US consumer watchdog warns payment systems risk Chinese-style surveillance
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Consumer Financial Protection Bureau FollowOct 6 (Reuters) - The top U.S. agency for consumer financial protection is considering regulatory moves to help protect the public from the kind of excessive surveillance of their financial data enabled by payment structures in China, its director said on Friday. This will involve ordering some large U.S. tech firms to provide information on their use of personal data and private currencies, Rohit Chopra, director of the U.S. Consumer Financial Protection Bureau (CFPB), said in a speech. "It's critically important for American consumers to have stronger protections against excessive surveillance and misuse of our data," Chopra said in a speech at the Brookings Institution in Washington. The Consumer Financial Protection Bureau's "open banking" proposal is expected to give consumers the ability to switch service providers more easily and control how financial tech service providers collect consumer data.

Persons: Andrew Kelly, Rohit Chopra, Chopra, Chopra's, Douglas Gillison, Chizu Nomiyama, Bill Berkrot Organizations: Consumer Financial Protection Bureau, Washington , D.C, REUTERS, Consumer Financial, U.S, U.S . Consumer Financial Protection Bureau, Brookings Institution, Consumer, Thomson Locations: Washington ,, China, Washington

☆ As shutdown looms, companies should go public 'before Friday'-US SEC chief
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. Gensler said the agency would lose more than 90% of its workforce to unpaid furloughs, leaving a "skeletal" staff to perform essential functions. "If a company were deciding to go public or raise offerings, they'd want to go effective before Friday if they're ready to," Gensler said. Gensler also acknowledged that should a major disruption occur on Wall Street, "senior leadership would be there but again we'd be down to a skeletal staff." Major Wall Street indices were down markedly shortly toward 1700 GMT, adding to recent days' losses driven by investor concerns about the path of interest rates, with a possible shutdown also weighing on trading.

Persons: Andrew Kelly, Gary Gensler, Gensler, we'd, Joe Biden, Douglas Gillison, Lance Tupper, Lewis Krauskopf, Paul Simao, David Holmes, Alistair Bell Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Birkenstock, Wednesday, Washington, Democratic, SEC, Republican, Clarios, Thomson Locations: Washington ,, Washington, New York

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