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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 145
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Our Housing Crisis Has Its Roots in the Financial Crisis

The New York Times: Banking

Well-meaning regulations and reforms intended to prevent another financial crisis has pushed millions of affordable homes out of the reach of everyday buyers and into the coffers of investors.

IT 133
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Greece, Battered a Decade Ago, Is Booming

The New York Times: Banking

It is one of Europe’s fastest-growing economies, and while investors and tourists are flocking to the country, memories of austerity measures are still fresh for Greeks.

Investors 145
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Wall Street’s Most Hated Regulator Faces a Fundamental Threat

The New York Times: Banking

Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”

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Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

The New York Times: Mergers, Acquisitions and Dive

The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Over the past two decades, several critical financial market regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.

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Tech unicorns UK – complete guide to the billion-dollar club

Growth Business

6 – ZEPZ Value: $5bn Founded: 2010 What do they do? Founder Ismail Ahmed learnt of the importance of remittance when fleeing the civil war in Somalia in the early 90s and founded the start-up in 2010 after being frustrated with the high transaction fees when sending money to East Africa. Think Uber but just for taxi drivers.