04/26/2023
The U.K. Deals a Huge Blow to Microsoft’s $69 Billion Activision Bid
The British antitrust watchdog blocked the takeover attempt, in a decision that will be closely watched in Washington and Brussels.
Legal, Regulation & Compliance
04/24/2023
Malta airlifting 180 million peso banknotes to Argentina ahead of election
Malta will be airlifting 180 million banknotes to Argentina in the coming weeks, as the South American country finds itself unable to meet banknote demand ahead of the general election in October
04/24/2023
JPMorgan Seeks TRO Against Advisor Who Fled to Morgan Stanley
In a complaint filed last week, JPMorgan accused the advisor of criticizing its investment offerings and the advisor who replaced him, to induce clients to make the jump to Morgan Stanley.
04/19/2023
American Securities Regulatory Body Charges Bittrex Crypto Exchange
The services of this exchange are available globally via Bittrex Global but in the US this exchange provides services via Bittrex, an independent subsidiary of Bittrex Global.
04/05/2023
SEC charges founder of financial aid startup Frank with defrauding JPMorgan
For its part, JPMorgan claims that it found out about the alleged fraud when it sent out marketing test emails to a list of Frank’s customers provided by the company and more than 70% of them bounced back.
04/03/2023
Sallie Krawcheck: Regulators Moved Quickly to Stem Banking Panic. But Is ‘Our Lehman’ Still Ahead?
The coming weeks and months will tell us more about how far regulatory practices have come since that period.
03/29/2023
Conyers Advises Murano on its Proposed Merger with HSM Acquisition Corp
Under the terms of the proposed merger, which is expected to close in Q3 2023, the shareholders of Murano and HCM will exchange their current shares for shares in a new combined company to be listed on the Nasdaq stock market under a new ticker symbol.
03/29/2023
$4 Trillion in U.S. Wealth Held Offshore: Report
The likelihood of owning such an account increases sharply with income, the researchers found, and the value of those accounts soars at the very top of the income distribution.
03/29/2023
Finra Fines, Suspends Raymond James Broker in Miami over WhatsApp Use
Raymond James Financial is separately one of around half a dozen brokerage firms that have disclosed in recent months that they are responding to SEC inquiries over employees’ texting.
03/24/2023
Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud
The creator of the failed TerraUSD stablecoin was detained as he attempted to board a flight to Dubai, authorities said
03/24/2023
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
The latest developments that emanated from the banks in the U.S. hit us at the most unfavorable moment.
03/23/2023
Are your bank accounts safe? A summary of FDIC insurance coverage
The rules governing coverage amounts vary depending on whether the account is owned by one person, co-owners, through a trust or legal entity, among other factors.
03/23/2023
FDIC delays bid deadline for Silicon Valley Private Bank to Friday
The FDIC, which has held the lender under its receivership since earlier this month, declined to comment.
03/22/2023
Chubb Rule of Law Fund Continues Support for Projects to Advance Racial Justice
$1 million Awarded to Projects Promoting Equity in Policing and Prosecutions
03/21/2023
FDIC extends bidding process for Silicon Valley Bank successor
Bank and non-bank financial firms will be allowed to bid on asset portfolios.
03/21/2023
Why Fed Rate Increases Are Hitting All at Once
Tighter credit and the rising cost of deposits are squeezing banks — and the wider economy.
03/21/2023
Wells Fargo loses bid to shake Mormon Ponzi scheme class action
The order on Saturday involves the 2022 arrests of Jeffrey Judd and lawyer Matthew Beasley who federal investigators say ran a $500 million Ponzi scheme that scammed over 900 victims.
03/17/2023
Panama sees limited risk from US, European bank problems
At the end of last year, Panama's national banking system reported a capital adequacy ratio of 15.34% and liquidity ratio of 57%.
03/17/2023
SVB Financial Group Commences Chapter 11 Proceeding to Preserve Value
Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest
03/17/2023
Ex-Wells Fargo exec who pushed bankers to open fake accounts will plead guilty.
The plea agreement calls for Tolstedt to serve up to 16 months in prison.