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Pete Schroeder
A trader shows off a shirt featuring U.S. President-elect Donald Trump on the floor of the New York Stock Exchange in New York City on Wednesday.
BUSINESS / Markets
Nov 9, 2024
Wall Street drafts Trump wish lists over bank capital and SEC regulation
Numerous financial trade groups are working on detailed lists to hand to Trump's transition team, according to four industry sources.
ICBC Financial Services said in a statement a ransomware attack resulted in disruption to certain systems and it was conducting an investigation and "progressing its recovery efforts."
BUSINESS
Nov 10, 2023
China's biggest lender ICBC hit by ransomware attack
The lender said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.
Japan Times
BUSINESS
Mar 30, 2023
U.S. bank supervision needs more speed and transparency in wake of SVB debacle, critics say
The Fed’s vice chair claims that supervisors repeatedly identified risks to the failed bank, leading to accusations by lawmakers that the problems had not been escalated fast enough.
Japan Times
BUSINESS
Mar 13, 2023
After Silicon Valley Bank failure, U.S. acts to shore up confidence in banking system
The move will not lead to losses by American taxpayers and all depositors, including those whose funds exceed the maximum government-insured level, will be made whole.
Japan Times
WORLD
Jul 7, 2022
How Republican-led states are targeting Wall Street with 'anti-woke' laws
The growing restrictions show how America's culture wars are creating new risks for U.S. companies, forcing them to balance pressure from workers and investors.
Japan Times
BUSINESS
Mar 16, 2022
With Sarah Raskin out, Biden may pick a moderate for Fed regulatory job
Raskin's decision to withdraw her nomination came a day after centrist Democratic Sen. Joe Manchin said he would not support her for the powerful role of overseeing Wall Street banks.

Longform

People in cities across Japan will pop into their local convenience store for any number of products they believe will help them with a night of drinking.
Hangover cures are everywhere in Japan — but do they work?