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Carlyle agrees to acquire majority stake in IT consultancy Adastra

Global investment firm Carlyle has announced an agreement to acquire a majority stake in Adastra Group SE, a global IT consultancy and services provider specializing in data, cloud, and AI transformations.

Federal bank regulators seek comment on reducing regulatory burden

The federal bank regulatory agencies have announced their fourth notice seeking public input to reduce regulatory burdens.

Treasury Secretary emphasizes need for financial regulatory reform at Federal Reserve conference

Treasury Secretary Scott Bessent addressed the Federal Reserve Capital Conference, emphasizing the need for financial regulatory reform.

Treasury delays implementation of investment adviser anti-money laundering rule

In a move aimed at balancing regulatory costs and benefits, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has announced its plan to delay the implementation of a rule for investment advisers.

Carlyle agrees to sell Calastone to SS&C Technologies

Global investment firm Carlyle has announced an agreement to sell Calastone, a prominent global funds network and technology solutions provider for the wealth and asset management industry, to SS&C Technologies Holdings, Inc. The transaction is...

UC Berkeley remembers Frank E. Baxter's legacy after passing at age 88

Former U.S. Ambassador Frank E. Baxter, a notable UC Berkeley economics graduate, passed away on July 15 at the age of 88.

Treasury Secretary praises GENIUS Act's impact on stablecoin regulation

U.S. Secretary of the Treasury Scott Bessent released a statement after President Trump signed the GENIUS Act into law.

CRISPR research center approved for UC Berkeley's Innovation Zone

UC Berkeley's Innovation Zone is set to expand with the approval of a new laboratory building dedicated to CRISPR gene editing and entrepreneurial startups.

UC Berkeley names Julie A. Lucas as new vice chancellor

Julie A. Lucas has been appointed as the next vice chancellor for University Development and Alumni Relations at the University of California, Berkeley.

Haas School Dean explains organizational culture and its impact on business success

Workplace micro-trends and cultural norms are often dissected by social media influencers.

NCUA Board plans July meeting focusing on AI and liquidity facility

The National Credit Union Administration (NCUA) Board is scheduled to hold a meeting on Thursday, July 24, beginning at 10 a.m. Eastern.

Treasury targets leadership of Venezuelan terrorist group with new sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Hector Rusthenford Guerrero Flores, also known as "Niño Guerrero," along with five other leaders and affiliates of the Tren de Aragua organization.

Treasury reports TIC data showing significant inflows in May 2025

The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for May 2025.

Fifth District economy shows modest growth amid mixed sector performances

The Federal Reserve's recent Beige Book report indicates modest growth in the Fifth District economy.

Global regulators adjust timelines for FRTB implementation

The implementation of the Fundamental Review of the Trading Book (FRTB), part of the Basel III framework, is presenting challenges for financial institutions globally.

EBA introduces reforms for EU banks ahead of Basel III implementation

The European Banking Authority (EBA) has unveiled a series of regulatory updates aimed at refining the Capital Requirements Regulation (CRR) framework for banks within the European Union.

Beige Book reports economic activity remains flat amid sectoral variations

Economic activity has remained mostly flat, according to the latest Beige Book report.

Treasury imposes sanctions on Venezuelan cartel linked to Maduro

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on the Cartel de los Soles, a criminal group based in Venezuela.

Treasury targets network funding North Korean weapons programs through fraudulent IT schemes

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned the Korea Sobaeksu Trading Company and three individuals, Kim Se Un, Jo Kyong Hun, and Myong Chol Min.

Federal bank agencies propose rescinding 2023 Community Reinvestment Act rule

Federal bank regulatory agencies have proposed rescinding the Community Reinvestment Act (CRA) final rule issued in October 2023.