News

Ethics

AP News | Equities.com |

The Federal Reserve is reviewing the ethics policies that govern the financial holdings and activities of its senior officials in the wake of recent disclosures that two regional Fed presidents engaged in extensive trading last year.

Robert Kaplan, president of the Dallas Federal Reserve Bank, in 2020 traded millions of dollars of stock in companies such as Apple, Amazon, and Google, while Eric Rosengren, president of the Boston Fed, traded in stocks and real estate investment trusts, according to financial disclosure forms.


Reuters | Equities.com |

Google research manager Samy Bengio on Tuesday said he is resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.

Though at least two Google engineers had earlier resigned in protest of the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile yet to depart.