Tory Newmyer
Washington Post
Washington, DC, United States
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Past articles by Tory:
Bank of America to pay $250M in refunds, fines over customer abuses
The nation’s second-largest bank must reimburse consumers $100 million after regulators say it systematically overcharged them and opened accounts without their permission. → Read More
More banks will need to pad financial cushions under Fed proposal
The Fed's top banking regulator, Michael Barr, is preparing to propose tougher capital requirements for big banks, including those the size of SVB. → Read More
Crypto pledged to dethrone Wall Street. It’s getting swallowed instead.
With the crypto sector weathering a steep decline and facing tough new scrutiny from the SEC, some of Wall Street’s heaviest hitters are moving to enfold it. → Read More
Ex-Pfizer worker charged with insider trading on covid pill info
Federal prosecutors allege the former worker used nonpublic data about the Paxlovid trial to turn a quick profit on the company's stock and tipped a friend. → Read More
Fed finds post-crisis, big banks would survive an economic shock
The nation's 23 biggest banks all passed the Federal Reserve's annual stress test of the sector, a vote of confidence in a sector rocked by crisis this spring. → Read More
Senate panel advances bill to seize pay of failed banks’ execs
The Senate Banking Committee approved a bill to empower regulators to seize compensation from executives of failed banks, the first major legislative response to this year’s banking crisis. → Read More
Bill to seize failed bank CEOs’ pay draws bipartisan Senate support
A bipartisan Senate duo is poised to advance legislation allowing federal regulators to seize the pay of top executives at failed banks. → Read More
Bipartisan Senate bill would seize pay of failed banks’ executives
A bipartisan Senate duo want to empower regulators to seize the pay of executives whose banks fail, following Silicon Valley Bank's collapse. → Read More
Despite SEC push, Binance avoids U.S. asset freeze for now
A federal judge told Binance and federal regulators to work out a deal to allow the company to maintain basic operations while defending itself in court. → Read More
Crypto scam aimed at online acquaintances costs victims billions
Despite the fraud’s growth, federal law enforcement and major crypto exchanges appear to be behind in cracking down. → Read More
Sam Bankman-Fried charmed Washington. Then his crypto empire imploded.
He founded a popular crypto exchange, amassing incredible wealth and political clout in just a few years. In one week, everything collapsed. → Read More
Texas regulator probes crypto platform FTX and CEO Sam Bankman-Fried
Texas's financial regulator is investigating crypto exchange FTX and its CEO, Sam Bankman-Fried, for offering investments that potentially violated state law. → Read More
Kim Kardashian agrees to pay $1.26 million to settle charges of allegedly hyping crypto without disclosing pay
The Securities and Exchange Commission is charging the reality star and entrepreneur with allegedly promoting a cryptocurrency on her Instagram account without disclosing how much she was paid to do so, the agency announced. → Read More
Pentagon launches effort to assess crypto’s threat to national security
DARPA, the Pentagon's tech hub, is kicking off a sweeping review of the national security and law enforcement threats posed by the rise of cryptocurrency. → Read More
How state regulators supplanted the feds in policing crypto markets
Joe Borg, the chief financial watchdog in Alabama, was months ahead of the Security and Exchange Commission in moving against troubled cryptocurrency companies. It wasn't the first time. → Read More
Treasury urges federal regulators to get tougher on crypto scams
The Biden administration says the SEC and other regulators should use existing powers to crack down on crypto scams and fraud, as Congress debates rules for the industry. → Read More
SEC roils Coinbase insider-trading case by arguing coins are securities
The ex-employee, his brother and a friend are accused of running a scheme to buy crypto assets before they were listed on the exchange. → Read More
Stablecoins would get federal rules under emerging House deal
The digital tokens, whose value is typically pegged to the dollar, would see their issuers subjected to bank-like regulations under a bipartisan House plan. → Read More
Bill to grant crypto firms access to Federal Reserve alarms experts
A new Senate bill would help crypto firms access the Fed's payment system. But financial experts warn the move could destabilize the banking system. → Read More
Ernst & Young hit with $100 million fine over cheating on ethics tests
Hundreds of auditors at accounting giant Ernst & Young cheated on ethics exams, earning the firm a record-breaking $100 million fine from the SEC. → Read More