Outcry over stalemate on Gaetz report; Bernie Sanders’ Senate vote on blocking some arms to Israel fails – as it happened

This live coverage has ended. Read the latest at the links below: House ethics committee deadlocked on releasing Matt Gaetz reportUS Senate rejects Bernie Sanders effort to block sales of tank rounds to IsraelThe Federal Reserve must not remove Wells Fargo’s $1.95tn asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the US central bank on Wednesday, reports Reuters.In a letter to Fed chair, Jerome Powell, and the central bank’s regulatory chief, Michael Barr, Warren said the Fed must reject Wells Fargo reported appeal to have the punishment imposed in 2018 lifted until it “can show that it can properly manage the risks associated with running a large bank”. Continue reading...

Nov 21, 2024 - 10:30
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Outcry over stalemate on Gaetz report; Bernie Sanders’ Senate vote on blocking some arms to Israel fails – as it happened

This live coverage has ended. Read the latest at the links below:

The Federal Reserve must not remove Wells Fargo’s $1.95tn asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the US central bank on Wednesday, reports Reuters.

In a letter to Fed chair, Jerome Powell, and the central bank’s regulatory chief, Michael Barr, Warren said the Fed must reject Wells Fargo reported appeal to have the punishment imposed in 2018 lifted until it “can show that it can properly manage the risks associated with running a large bank”. Continue reading...