UBS explores relocating its headquarters to the US, attracted by deregulation efforts and potential mergers, amid stricter Swiss capital requirements. Trump admin officials are in talks.
Treasury Secretary Bessent urges renewed scrutiny of the Federal Reserve's policies and independence amid Trump administration pressure. Fed's role in setting interest rates and its insulation from political influence are questioned.
Trump administration accuses Fed Governor Cook of mortgage fraud before her appointment. Cook sues, alleging pretext for removal to appoint a Trump ally. Treasury defends Trump's right to fire Cook.
Harvard faces potential $500M settlement with the Trump administration over lost federal funding ($2.6B clawed back) due to alleged antisemitism. Negotiations, compliance, and First Amendment rights are key.
Trump administration explores firing Fed Chair Powell over renovation costs. Allegations of extravagance & calls for "regimen change" fuel debate on presidential authority and Fed's independence. Cost overruns at the Fed headquarters are questioned.
