Global financial services firm Cantor Fitzgerald announced it would launch a Bitcoin financing business with $2 billion in initial financing, and will "substantially grow the operation" in $2 billion increments to "support Bitcoin investors' financing needs."
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A broker-dealer settled FINRA charges for failing to charge a "fair" markup in corporate and municipal bond transactions and for failing to have a reasonable supervisory system in place to achieve compliance with fair pricing rules.
FinCEN issued new guidance to clarify the beneficial ownership information that businesses and financial institutions must report under two separate regulatory requirements.
The Federal Reserve, FDIC and OCC requested public comment on "outdated or otherwise unnecessary regulatory requirements on insured depository institutions and their holding companies."
During a US Senate Committee hearing on Banking, Housing, and Urban Affairs, Senator Warren criticized Federal Reserve Chair Jerome Powell for failing to regulate executive compensation among big banks.