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Top News In Finreg Today - Breaking & Trending Today

US lawmakers push the SEC to order audit of Shein IPO over Uyghur forced labor fears

A bipartisan group of two dozen U.S. representatives was calling for the Securities and Exchange Commission to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use forced labor, according to a letter seen by Reuters. ....

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UK govt says country's banking system safe and sound, after First Republic collapse

Britain's finance ministry said on Monday that the country's banking system remained safe, sound and well capitalised, after First Republic Bank became the third major U.S. bank to fail in two months. ....

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US Fed points finger at Trump-era rollback for SVB demise

The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington. ....

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Red flags galore: Fed officials cited SVB 31 times

At the time of Silicon Valley Bank's collapse, the number of outstanding safety and soundness warnings from Federal Reserve bank supervisors had mushroomed to three times the average for a bank its size, according to a report released on Friday. ....

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White House: Monitoring situation at First Republic, could step in if needed

The White House is continuing to monitor the situation at First Republic Bank, which has continued to lose deposits this week, spokesperson Karine Jean-Pierre said on Thursday, vowing that the Biden administration stood ready to take action if needed. ....

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