02/08/2021
Bank of America is torn by long-simmering jealousies and divisions among its staff of more than 200,000, many dating back to the shotgun marriage with Merrill Lynch in the 2008 financial crisis.
02/08/2021
Adding fuel to the fire is FATCA, the Foreign Account Tax Compliance Act.
02/05/2021
The company’s units commenced trading on the Nasdaq Capital Market (Nasdaq) under the ticker symbol “ITHXU” on January 28, 2021.
02/05/2021
He had been managing about $143 million for 352 clients when he left the bank.
02/02/2021
AIG will also transfer the handling of such transactions to a New York-based subsidiary, the regulator added.
02/01/2021
Legal, regulatory, and political systems have changed so radically over the last decade that storied jurisdictions are quickly losing their usefulness and relevance.
01/29/2021
U.S. Corruption Levels At Their Worst Since 2012
The CARES Act coronavirus relief package, rolled out in March, disproportionally helped millionaires thanks to a tax loophole.
01/29/2021
The US beneficial ownership law has its weaknesses, but it’s a seismic shift
Due to the limited scope of the Corporate Transparency Act and numerous exceptions in its application, we cannot yet conclude that the US is practicing effective beneficial ownership registration.
01/29/2021
Kennedy Lewis Investment Management Closes Second Opportunistic Credit Fund with $2.1 billion of Commitments
The Firm also partners with high growth companies that are causing disruption, providing structured capital solutions to fit their needs.
01/28/2021
The law specifies that, as of January 1, resident taxpayers who provide digital services are subject to income tax and VAT.
01/28/2021
With flexible technology and extensive connectivity to post-trade applications, the solution will allow firms to leverage the benefits of a central clearing model while freeing up credit lines
01/28/2021
Charles Kenahan, a former Merrill Lynch broker, who was at the center of Merrill Lynch paying out over $66 million in two settlements over client allegations of unauthorized and excessive trading, has been barred by FINRA.
01/27/2021
Throughout 2020, consumers reported average losses of £45,242 when investing with fraudsters imitating genuine investment firms.
01/26/2021
The trades were made between 2010 and 2013 and caused damage estimated to be worth 30 million pesos
01/26/2021
Public pensions, on the other hand, have generally continued to provide a reasonable retirement for their covered workers.
01/25/2021
Small business advocates say the new requirements unfairly target them and create extra costs and legal risks for companies that don’t typically pose a money laundering threat.
01/25/2021
Simply put, Bank of America has more than $176 billion of common equity.
01/22/2021
For some, growth will come within industries, with market leaders strengthening their position as the economy continues to recover.
01/22/2021
President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry.
01/21/2021
The company booked an $82 million employee severance charge in the fourth quarter as part of the action, he said.