The Federal Reserve has approved a proposal to allow banks to invest their own capital in venture capital funds. Since 2014, banks have been prohibited from taking stakes in VC funds as part of the Volcker Rule, a federal regulation crafted in the aftermath of the 2008 financial crisis. The policy also limited banks ability to invest in hedge funds and private equity funds. Intended to protect...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
China’s Baidu to Launch ChatGPT-like Service
Amazon Fresh Hikes Grocery Delivery Fees
Shopify CTO Departs Following Layoffs of Technical Leaders
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