07/07/2021
Under the AMLA, examiners will be required to evaluate whether financial institutions appropriately incorporate the Priorities into their risk assessments and overall AML/CFT compliance programs.
07/06/2021
The SEC alleges the firm failed to safeguard clients from Hector May, who pleaded guilty to stealing $8 million from clients and was sentenced to 13 years in prison.
07/05/2021
Wall Street bank wants UK staff back at their desks in two weeks – but only if they’ve been jabbed
07/05/2021
The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.
07/01/2021
This Legal Update provides background on the new SEC chairman and the SEC rulemaking process, the SEC’s prior guidance on cybersecurity disclosures
07/01/2021
Jason is a graduate of New York University and Yale Law School.
07/01/2021
The operational, conduct and regulatory risks associated with meeting the challenge are considerable.
07/01/2021
The company relied on algorithms to approve customers for options trading, with only limited oversight by firm principals but "often approved customers to trade options based on inconsistent or illogical information".
07/01/2021
Tokyo-based bank chairman first from Asian lender on board of Bank Policy Institute
06/30/2021
The Swiss investigation aims to clarify whether in relation to this complex of facts any offences could have been committed on Swiss soil.
06/29/2021
Support for making Bitcoin legal tender grows in Latin America
Following the announcement, reactions from businesspeople and politicians across Latin America have been mixed.
06/29/2021
PNC Announces Stress Capital Buffer and Planned Capital Actions
PNC plans to reinstate its share repurchase programs with repurchases of up to $2.9 billion for the four-quarter period beginning in the third quarter of 2021.
06/29/2021
Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results
The Company expects to increase its third quarter 2021 common stock dividend to $0.20 per share
06/29/2021
US judge throws out Facebook anti-trust lawsuits
This resulted in the social networking giant's market value rising above $1tn (£720bn) for the first time ever.
06/29/2021
In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.
06/28/2021
UBS to let two-thirds of staff mix working from home and office permanently
The move by UBS sets a stark contrast between the Swiss lender and many of its US rivals.
06/28/2021
Judges don’t bite on DB defense applying to DC in ERISA cases
If DC sponsors could successfully use this "no harm, no foul" ruling, then they could persuade judges to dismiss complaints, thus reducing the costs of going to trial.
06/25/2021
This tireless work is about helping the most vulnerable among us, a matter of financial integrity but also human integrity.
06/24/2021
Ross Todd from The AM Law Litigation Daily interviews Steve Cirami, VP, Head of Class Actions and Corporate Actions at Broadridge.
06/24/2021
"We were delighted to work alongside the team at Ropes & Gray LLP and we can't wait to see what the combined group does next."