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The Government Accountability Office claimed that big banks do not have enough information oh how U.S. regulators evaluate living wills. They are also scrambling to meet the yearly deadlines for filing a "living will."

The heads of the U.S. agencies that regulate securities and commodities pressed a Senate committee. They are asking the U.S. Congress to boost their budgets as the financial markets and technology continue to grow.

Airbnb Inc. has hired a new General Counsel. This will help respond to the growing legal threats facing the room-rental company as it expands globally.