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The Latest Breaking News from Aaron Klein

Want to know Trump’s next Treasury Secretary? Don’t look to Jamie Dimon, but to the people who made Trump money

Donald Trump’s former Treasury Secretary was hedge funder Steven Mnuchin, who earned the former president’s trust by helping him raise of $100 million.

Fortune

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

How "too big to fail" banks became a symbol of safety

Not that long ago, these banks were the villains that nearly cratered the economy.

Axios

US government seeks to avoid 'bailout' label amid banking turmoil

New York (AFP) - US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized.

AFP

Silicon Valley Bank collapse concerns founders of color

While Wall Street works to contain the biggest American bank failure since the 2008 financial meltdown, founders of startups who are people of color worry it could become even harder to secure financial support

The Independent UK

FACT FOCUS: Claims link ‘woke’ policies to bank’s demise

Some social media users are honing in on a single culprit that led to the demise of Silicon Valley Bank: its socially aware, or “woke,” agenda

The Independent UK

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Progressives and bankers find common ground in SVB crisis

They both blame Fed regulators.

Axios

Need a new credit card? It can take almost two months to get a replacement

The ongoing chip shortage is causing card manufacturing delays that could last through the end of the year.

WEKU

Can Congress buy in to digital dollar without legislation?

WASHINGTON — The White House’s exploration of a government-backed digital dollar is raising an implicit question that has received little attention: What role does Congress have in the decision?

Tribune News Service

Can Congress buy in to digital dollar without legislation? - Roll Call

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

Roll Call

GOP midterm victory would add pressure on fintech regulators

If Republicans win control of Congress in the November midterms, people who closely follow financial technology expect pressure on regulators to push crypto-friendly rules across the finish line.

Tribune News Service

GOP midterm victory would add pressure on fintech regulators - Roll Call

Regulators may feel congressional pressure to finish some fintech rules after the midterms, but a GOP majority would want a light touch.

Roll Call

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?

WEKU

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Axios

How economic sanctions could change the world

Sanctions leave a lasting mark.

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