05/23/2019
JPMorgan shareholders approve bank's executive pay with protest
The votes were taken at the bank’s annual shareholder meeting at its offices in Chicago
Legal, Regulation & Compliance
05/23/2019
Goldman's Longshot Pick to Challenge Brazil's Banks Takes Off
Bank hopes to fuel the startup's expansion in Latin America
05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
05/21/2019
Lawyers Warned Not to Help Break Law in Wake of Tax Scandals
The OECD said the report “shone a spotlight” on lawyers’ role.
05/21/2019
Harvard-Affiliated Hedge Fund to Shut Down
Harvard’s assets in the fund declined by $11.5 million over the course of the fiscal year.
05/20/2019
ISDA consultations on benchmark fallbacks
The first consultation sets out options for adjustments that will apply to the relevant risk-free rates
05/20/2019
US investor urges First Group to split and pull out of 'destructive' UK rail network
In the UK, it runs three UK rail franchises – Great Western Railway, South Western Railway and TransPennine Express – and is bidding for the West Coast Partnership franchise, which is due to be awarded in the summer.
05/20/2019
Intel, Qualcomm, and other US tech firms reportedly cut off critical software to Huawei after Trump's blacklist
The US has heightened concerns in recent months that Huawei technology could pose a security risk and may be used as a backdoor for Chinese government espionage.
05/17/2019
Harvard-Linked Cambridge Square Hedge Fund Set to Shut Down
Cambridge Square lost about 2.5% before fees in its first year of trading in 2017 and was up about 2% last year, the person said.
05/17/2019
Ogier advises on US$350 million biopharmaceutical merger
The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap
05/17/2019
Optimum Financial Group expands its asset management activities in the US
“This expansion presents a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.”
05/16/2019
FINRA: High-Risk B/Ds Had Nine Times More Misconduct Events
Based on back-testing, firms that FINRA has identified through a new rule proposal presented higher risk of future misconduct events.
05/15/2019
US SEC Proposes Amendments to Cross-Border Swaps Rules
Among other things, the proposals provide guidance on when transactions are considered to have been “arranged, negotiated, or executed” by US personnel as a trigger for regulating security-based swaps and market participants.
05/15/2019
US issues anti-money laundering guidance for cryptocurrencies
The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.
05/15/2019
Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic
SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.
05/15/2019
TB Sunridge Advisors Paves Way with Registration Approval to Manage Digital Assets
To be registered, TB Sunridge Advisors had to obtain various regulatory licenses, including filing numerous documents with the state securities board.
05/14/2019
Goldman Sachs applies for Tokyo banking licence
Investment bank to launch global cash management business as part of plan to diversify
05/14/2019
Legal Services Demand Drops in First Quarter of 2019 (1)
Demand was up 2.3 percent last year, and down .3 percent in the first quarter of this year.
05/14/2019
East Capital strikes advisory deal with LatAm firm
Credicorp Capital AM will be fully integrated into East Capital’s investment process
05/13/2019
Final Rules May Help Companies Unintentionally Hit by Global Tax
The 2017 tax law includes a base-erosion provision related to global intangible low-taxed income. Treasury aims to finalize GILTI rules by June.