Day: October 17, 2024

Recovery of US bank failure fund ahead of schedule, FDIC says

(Reuters) – The U.S. government fund that backstops nearly $10 trillion in insured bank deposits is recovering ahead of schedule from declines and losses in recent years, while the banking system remains largely resilient, U.S. Federal Deposit Insurance Corporation officials said on Thursday. Last year’s spring banking crisis, which involved the second-, third- and fourth-largest […]

Meta’s oversight board seeks public comments on hate speech moderation

By Supantha Mukherjee STOCKHOLM (Reuters) – Facebook owner Meta’s Oversight Board on Thursday invited comments from the public on the posting of immigration-related content that may be harmful to immigrants, and shared two cases that Facebook moderators decided to keep on the platform. The board plans to assess whether Meta’s decision to only protect refugees, […]

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