12/30/2022
Argentina's central bank to mull rate cuts in early 2023 -source
Argentina's Leliq interest rate currently stands at 75%, up from 38% at the end of 2021.
Legal, Regulation & Compliance
12/30/2022
Brazil central bank to roll over currency swaps expiring in February
The central bank usually seeks to provide currency hedging and maintain liquidity conditions to the market with its rolling policy.
12/29/2022
Linklaters advises DKSH on its acquisition of DNIV Group in Singapore
The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.
12/29/2022
Bank regulatory agendas in 2023 include capital requirements, resolvability
The Federal Reserve's vice chair for supervision, Michael Barr, said in September that he would address capital requirements this fall, but the highly anticipated details are yet to be seen.
12/29/2022
First Sound Bank Announces Termination of BMTX Merger
BMTX recently signed a letter of intent (LOI) with a new sponsor bank and is working towards a transfer of deposits to the new sponsor bank in the first half of 2023.
12/28/2022
New retirement account rules make it easier to tap savings early for emergencies
Hardship distributions from 401(k) plans hit an all-time high in October amid high inflation.
12/28/2022
AMC CEO asks for salary freeze in 2023 as shares slump
Earlier this month, the company said it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split.
12/28/2022
Congress just approved 401(k) and IRA changes that affect workers across generations
The legislation includes dozens of changes to retirement saving, according to the text of the bill, summaries of the provisions, and insight from retirement and financial experts.
12/27/2022
7 enforcement trends and notable cases in 2022
That was the highest figure ever for the SEC, showing a 50% increase from the previous fiscal year.
12/27/2022
The biggest bank M&A deals of 2022
The slump came at a time when U.S. regulators have taken a harder look at consolidation within the industry before approving major acquisitions.
12/23/2022
Former Credit Agricole Trader Alleges Racial Bias at Bank
Jose Ruiz claims he faced ‘overtly racist’ comments at bank
12/23/2022
Danske Bank Pays $2 Billion for Laundering $230 Billion. Barron’s Helped Expose It.
Of that fine, $640 million will go to Denmark’s prosecutor for special economic and international crime, and $1.2 billion to the U.S. Justice Dept.
12/21/2022
BTG Capital Inc. Successfully Closes C$74.2 Million Inaugural Fund
BTG Capital also Announces the Appointment of Five Distinguished Industry Advisory Board Members and Senior Operating Partners
12/20/2022
Blucora Announces Closing of TaxAct Sale
Company Plans to Return $400 - $450 Million of Capital to Shareholders through a $250 Million Modified Dutch Auction Tender Offer and Additional Share Buyback Authorization of up to $200 Million
12/20/2022
Fundsmith Extends Transfer Agent Relationship with SS&C
We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.
12/20/2022
Refinitiv contracts with Clarity AI for SFDR reporting tool
There will be a total of over 20 indicators mapped, including 16 mandatory indicators. Additionally, templated PDF reports will be available and can be accessed to ensure ease of reporting to the regulators.
12/19/2022
Judge Allows Media To Press FTX To Reveal Creditors
FTX’s request was objected by the US Trustee, part of the US Department of Justice, who said that transparency «helps protect against impropriety in bankruptcy cases».
12/15/2022
VI Asset Management appoints Apex Group for private credit fund administration
VIAM is an established asset management group with over US$11 bn of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.
12/14/2022
Danske Bank reaches coordinated resolutions with the US and Danish authorities regarding the Estonia matter
Under the SCU resolution, Danske Bank has agreed to accept a fine and confiscation for violations of the Danish AML Act and the Danish Financial Business Act.
12/13/2022
FinTech & Banking: A Comprehensive Guide to Client Onboarding
Onboarding is an essential aspect of the process of combating money laundering and terrorism funding, and it is a critical component in the implementation of financial security measures.