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US banking lobby sues Fed over stress test framework
Announcement comes a day after central bank unveiled proposed changes to annual examinationsFinancial Times - 2h -
Federal Reserve proposes more transparency in bank stress tests, but banks still sue
Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve’s bank stress tests imposed after the 2008 global ...MarketWatch - 2h -
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests, saying the current process falls short.CNBC - 2h -
Cathie Wood’s ETF keeps selling Tesla stock even as she gets more bullish
Cathie Wood’s flagship Ark Innovation ETF continues to sell Tesla shares, but the value of its stake has climbed above $1 billion.MarketWatch - 3h -
FirstFT: Private equity groups unable to sell or list China-based portfolio companies
Also in today’s newsletter, picks for France’s new cabinet, and Russian cargo ship sinks in the Mediterranean SeaFinancial Times - 7h -
Review: A woman's boxing prowess makes her a hard sell in the subtle, complex 'The Fire Inside'
Claressa Shields, whose ring talents led her to Olympic glory, had a hard time connecting with a sponsor, as this sensitive, after-the-glory movie dramatizes.Los Angeles Times - 7h -
Israeli tech CEO who was severely wounded in Gaza sells startup for about $100 million
Less than a year after being wounded in Gaza, Itamar Ben Hemo sold software startup Rivery last week to Pennsylvania-based Boomi.CNBC - 20h -
How Google Maps Makes It Harder for Palestinians to Navigate the West Bank
One user told WIRED that Google Maps directed them to “drive right into a wall that’s been up since 2003.”Wired - 1d -
Chicago man sells "hardest pizza to get" in alley and donates proceeds to charity
Once a month, a pie slinger in Chicago sells pizza out of a truck in an alley. His thin crust pizza is so popular, it usually sells out within minutes — raising plenty of dough for a good cause. ...CBS News - 15h -
Fed says it is weighing changes to bank tests for systemic risk
Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatilityFinancial Times - 19h