07/05/2019
Allianz SE makes bid for Brazilian Sul América's auto and P&C portfolio
The Brazilian company runs multiple insurance segments such as health and dental, auto, property and casualty, life and personal accident insurance.
Legal, Regulation & Compliance
07/05/2019
South America Eyes Trade Deal With Trump After Scoring EU Pact
Argentina talking with Brazil about U.S. pact, Macri said
07/03/2019
SEC Charges Investment Adviser With Fraud
According to the SEC’s order, from 2014 to early 2016, approximately 40 retail clients of Behn and Fieldstone invested more than $7 million in Aequitas securities, which were the subject of a previous Commission enforcement action.
07/03/2019
New share register requirements! Working towards greater corporate transparency
Once Bill C-97 comes into force, if corporations fail to comply with the investigative bodies’ request, they may be found liable on summary conviction to a fine of up to $5,000.
07/03/2019
Death, disability and divorce – drafting agreements with trusts as parties in light of Han v. Hallberg
The surviving partners notified the estate of their intent to exercise that purchase option.
07/03/2019
Elizabeth Warren Starts Winning Begrudging Respect on Wall Street
Financiers drawn to her intelligence, views on social issues
07/02/2019
Considering Kisor's Deference Decision In The Tax Context
Having restated and expanded upon the limitations to Auer deference, the majority opinion relied on principles of stare decisis to support its determination not to overrule Auer.
07/01/2019
Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550
This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.
07/01/2019
Hedge-Fund Heir Found Guilty of Murdering Father
“But in spite of all his love and generosity, this defendant shot his father at close range in his own apartment in an unconscionable and brutal crime.
07/01/2019
Scotiabank announces sale of Puerto Rico and US Virgin Islands operations
Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.
07/01/2019
Breaking down the SECURE Act
The SECURE Act will allow participants to either keep the annuity or roll it into an IRA or other qualified plan in the event that the annuity option is removed from the plan’s investment lineup.
07/01/2019
State Street to pay $88.8 million to settle SEC charges
As described in the order, State Street's clients agreed to pay the firm back for out-of-pocket custodial expenses that the firm paid on the clients' behalf. Instead of charging clients for the actual amount of the expenses, however, the SEC ord
07/01/2019
US SEC and lawyers seek more time in case against ex-DeVere duo
Request for information submitted to Malta’s attorney general by counsels for the defence
07/01/2019
Supreme Court to decide if DB participants can sue when plan is not underfunded
When the participants questioned the investments involved, U.S. Bank replaced those amounts, causing the plan to be overfunded.
07/01/2019
Chubb Announces New Policy on Coal Underwriting and Investment
"Chubb recognizes the reality of climate change and the substantial impact of human activity on our planet," said Evan G. Greenberg, Chairman and CEO of Chubb.
06/28/2019
Credit Suisse is the sole bank tripped up by Fed stress test as rest get approval to boost payouts
The U.S. division of Zurich-based Credit Suisse has to fix problems the Fed found in its capital planning processes by Oct. 27, according to the Federal Reserve.
06/28/2019
United States: US and French Authorities reach agreement on creditability of French CSG and CRDS taxes
US taxpayers that are subject to CSG and CRDS taxes should discuss this development with their tax advisors.
06/28/2019
Ex-Merrill Lynch FA Suspended Over Alleged Loans from Clients
That complaint has since been settled, but the wirehouse terminated him in July 2017 over allegations that he had “accepted funds from a client without the Firm’s approval,” Finra says.
06/27/2019
Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018
This is an increase of nearly $7.9 billion from the previous year
06/26/2019
US regulators ask Deutsche Bank to clarify its "bad bank" proposal
The overhaul would also include shrinking or shutting equity and rates trading businesses outside of Europe, a source told Reuters.