05/18/2023
Ex-fund manager lands in jail
Investors were misled about fund’s trading and holdings, U.S. district court judge says
Legal, Regulation & Compliance
05/18/2023
What to buy after the Fed stops hiking rates, according to Bank of America
If this is the case and the Fed does end its rate-hiking campaign, investors may want to consider investing in some small-cap stocks that have done well historically.
05/17/2023
Executives From Failed Banks Face Senate Grilling Over CEO Pay, Bonuses and Risk Management
Executives at Silicon Valley Bank, Signature Bank and First Republic Bank were paid millions of dollars over their tenures up until their banks failed, the bulk of the compensation coming in the form company stock.
05/17/2023
Warren Buffett’s company recommits to Bank of America stock while dumping other banks
Berkshire also picked up nearly 10 million shares of Capital One stock.
05/15/2023
‘The Fed is problem No. 1 in American finance,’ right now, says prominent market pundit
The author of Grant’s Interest Rate Observer says that the suppression of interest rates over the past several years has introduced ‘all manner of distortions in the economy’
05/10/2023
U.S. bank closures show existing regulations need stronger enforcement, says financial expert
“First Republic shared some similar and distinguishing characteristics with the other banks that were closed by regulators recently,”
05/09/2023
Goldman Sachs to pay $215m in discrimination lawsuit settlement - reports
Bias against women
05/08/2023
US banking crisis in a new stage of contagion
In view of the Fed, American banking crisis is over. Yet, US and European banks face the most acute stress since 2008 and 2011, respectively.
05/05/2023
Do activist investors boost shareholder returns?
The results of these campaigns over the years have been mixed.
05/04/2023
Big Hedge Funds Face New 72-Hour Deadline to Report Losses
The new SEC rules significantly increase oversight of the biggest hedge funds and private equity firms.
05/04/2023
TD Bank and First Horizon Mutually Agree to Terminate Merger Agreement
TD Bank Is Unable to Obtain Timetable for Regulatory Approvals for Reasons Unrelated to First Horizon
05/03/2023
US Treasury and Monetary Authority of Singapore Conduct Joint Exercise to Strengthen Cross-Border Cyber Incident Coordination and Crisis Management
This exercise allowed both agencies to test and strengthen existing protocols for information exchange and incident response coordination for cyber incidents involving banks operating in both jurisdictions.
05/02/2023
US regulators admit mistakes were made ahead of regional bank failures
SVB's failure on March 10 after taking on too much interest-rate risk caused shock waves throughout the banking sector
04/28/2023
FSOC Sets the Stage for New Designations by Issuing Two Proposals
The FSOC’s issuance of these two proposals signals a renewed effort by Treasury Secretary Janet Yellen, who chairs the FSOC, to reinvigorate the FSOC’s designation process for nonbank financial companies. Currently, there are no companies subj
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.
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.