12/22/2020

Wells Fargo set to be freed from AML consent order

Referring to the bank’s regulatory woes, Scharf said earlier this month at an investor conference, “I think it took a while for people to really digest what it all meant for the company, quite frankly.”

12/22/2020

Cayman: a jurisdiction of choice for Canadian HNWIs

The COVID-19 pandemic has also led many to have a fundamental rethink as to how and where they want to live, with a better work/life balance and a healthier lifestyle topping people's list of priorities.

12/21/2020

CDC Recommends Bank Workers Be in Third Phase of Vaccinations

In addition to financial workers, Phase 1c will include persons over 65 and those aged 16 to 64 with high-risk conditions, as well as workers in the transportation, food service, construction, IT and telecommunications, energy, media, legal, safety engine

12/21/2020

US Collateral Account Best Practices

This Legal Update explores potential areas of concern for lenders associated with Collateral Account documentation and follows with considerations for drafting and best practices used to mitigate, and ideally avoid, potential issues associated with Collat

12/21/2020

Federal Reserve Frees Up US Banks After Stress Test Results

On Friday the Fed updated the restrictions for the March quarter saying, “In light of the ongoing economic uncertainty and to preserve the strength of the banking sector, the Board is extending the current restrictions on distributions, with modific