COMPLIANCE
DOJ & FTC take a tough stance on anticompetitive mergers
As Microsoft’s proposed acquisition of Activision is going back and forth, the Department of Justice (DOJ) and Federal Trade Commission (FTC), is outlining a tougher stance on potential mergers & acquisitions that could be deemed anticompetitive.
PAYMENTS
Federal Reserve launched an upgrade payment system
The Federal Reserve recently launched an upgraded and supposedly faster real-time payment system, named FedNow. The new system is the biggest upgrade to its payment system since 1970…
BANKING
Goldman Sachs Q2 earnings not so “gold”
Goldman Sachs’ Q2 earnings report showed a slowdown in investment banking revenue, specifically 58% decrease year-on-year on overall revenue, including a 20% decrease in investment banking revenue.
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