Reporter Raquel Camila

Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams, a Trump appointee, resigned Friday amid a   power struggle   with Democratic members of the agency’s board. In a letter to  President Biden  released Friday,  McWilliams announced  she would step down from the FDIC on Feb. 4, less than four years after she was confirmed by the Senate to lead the bank regulator. McWilliams’ unexpected resignation came weeks after Democratic directors on the FDIC board attempted to launch a review of bank merger standards  without her approval . While McWilliams ostensibly controlled the FDIC board, she was the sole Republican countering three Democratic directors: Former FDIC Chairman Martin Gruenberg, Consumer Financial Protection Bureau Director  Rohit Chopra  and Acting Comptroller of the Currency Michael Hsu. Jelena McWilliams In  a op-ed  for the Wall Street Journal, McWilliams denounced the Democratic directors for launching “a ...

The world is witnessing innovation and evolution in the financial sector at a pace never seen before – and it is being driven by fintech. India is one of the leading frontiers. Among all domains, banking and financial services have always been at the cutting edge of adopting technology – even as regulations and risk considerations remain a key factor, the industry has always been at the forefront. In fact, these factors might actually have been critically contributory to ensuring that best in class security protocols come along with technology. This symbiotic relationship has been the harbinger of “ fintech ” – finance touches each of us and all businesses every day and with technology bringing in sophistication and ease, the evolution has been but natural. Sethurathnam Ravi However, this has come with various challenges including, but going beyond, risk and regulatory. Financial awareness along with technological adoption and maturity of users across the spectrum have been major facto...

  ALEJANDRO CELORIO ALCANTARA  was not surprised when the responses finally came in. As a top legal adviser in Mexico’s Ministry of Foreign Affairs, Celorio led a team of lawyers in filing a historic lawsuit in August, accusing some of the United States’ most well-known gun companies of lethal negligence on a mass scale. Seeking  $10 billion in damages  from a decade and a half of shoot outs and killings, the unprecedented litigation aimed to succeed where gun violence victims north of the border are all but guaranteed to fail, asking a Massachusetts federal court to hold 10 U.S.-based companies accountable for their products’ impact abroad. Smith & Wesson Corp. pistols sit on display at the company's booth during the National Rifle Association (NRA) annual meeting of members in Indianapolis Coming back from lunch on November 22, the date of the defendants’ deadline to respond, the Mexican lawyer-diplomat found that the companies had done exactly as he expected, ...