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The Federal Reserve's Powell said it was time to "revisit" the issue of debanking, following criticism that the crypto industry was being excluded from banking services. At a Senate Banking Committee hearing on Tuesday, the committee's chairperson, Tim Scott (R-S.C.), asked Powell if he would be willing to work with him to ensure that financial regulations do not "impose unnecessary burdens." Powell...
Of 191 US bankers surveyed by Arizent, publisher of American Banker, 59 per cent said Kamala Harris, the Democratic frontrunner, was the most likely to win the election. Some 41 per cent of bankers polled thought former president Donald Trump would be the winner in November. Despite this, 58% of bankers surveyed believe the Trump administration is better for the industry and individual companies, while 35% believe Harris is better for banks.
On September 14th, the website of the Securities Supervision Commission disclosed that, as an insider of the major asset restructuring of Star Technology, Zhao Yuanjun, an employee of the investment bank at the time of Everbright Securities, bought Star Technology 11.4122 million yuan in advance, but the final loss was 5.3258 million yuan. The Securities Supervision Commission fined Zhao Yuanjun a total of 4.60 million yuan according to law, and took 10-year securities market ban measures.
On July 8, an employee of Woori Bank was arrested and charged for embezzling 18 billion won (about $13 million), which cost about 15 billion won (about $10.84 million) to buy virtual assets. From July last year to May last year, the employee forged loan documents in the names of 17 customers including individuals and enterprises 35 times, applied for false loans, and then transferred the loan amount to the real-world friends account, totaling about 17.77 billion won. Prosecutors confiscated 180 ...
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