On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States…
Facebook’s $5B Fine Blasted by Politicians and Consumer Advocates…
Politicians in both parties, technologists and even a former Facebook executive blasted the Federal Trade Commission on Wednesday for its $5 billion settlement with the social media giant. Critics took aim at the size of the fine, the lack of personal accountability leveled at any Facebook executives, the decision to offer immunity to past privacy […]