11/22/2023
SEC Charges Laidlaw & Co. Reps With Excessive Trading, Violating Reg BI
The SEC also charged the firm with failing to adhere to policies and procedures designed to catch evidence of excessive trading in client accounts.
Legal, Regulation & Compliance
11/21/2023
Blackstone to close multi-strategy fund after assets drop nearly 90%
"This is a small, legacy fund of around $200 million," a Blackstone spokesperson said in an emailed statement.
11/16/2023
Manulife Investment Management to Acquire Multi-Sector Alternative Credit Manager CQS
The transaction is expected to close in early 2024 subject to customary closing conditions and regulatory approvals.
11/16/2023
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
Regulators say the changes in the proposals are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements
11/10/2023
Sources: Focus Financial Firms To Consolidate
Industry sources say Focus Financial Partners' new private equity owner plans to merge the sprawling ecosystem of firms into a small number of its existing entities.
11/09/2023
Citigroup to Pay $25.9 Million for Armenian-American Discrimination
Citi stereotyped Armenians as prone to crime and fraud.
11/06/2023
Consulting firms freeze US starting salaries in bid to shore up profit
McKinsey and BCG among those holding pay at last year’s levels as growth slows
11/03/2023
Withers recognized in Best Law Firms 2024 US rankings nationally in 3 practice areas and metro ranked in 12 practice areas
A Best Law Firms ranking helps successful individuals, businesses, charities and not-for-profit organizations identify law firms that best suit their needs and whose professional excellence, knowledge, and expertise are preeminent.
11/03/2023
Sam Bankman-Fried found guilty on seven counts for multi-billion dollar FTX fraud
The verdict marks nearly one year since FTX filed for bankruptcy.
10/27/2023
Bermuda hosts US insurance regulators
The IAIS is the international standard-setting body responsible for developing and assisting in the supervision of the global insurance sector.
10/26/2023
US regulators issue new climate guidance, despite opposition
The guidance is intended for banks with $100 billion or greater in total assets.
10/24/2023
US Federal Reserve Board slaps $14.5m fine on Metropolitan Commercial Bank
The Board clarifies that the bank has taken steps to “remedy the deficiencies identified” and will be required to enhance its customer identification, customer due diligence and third-party risk assessment programmes.
10/23/2023
Canada, CARICOM launch Strategic Partnership following Summit
CARICOM leaders welcomed Canada’s new support of $64.5 million in new climate financing, and $10 million for resilient agriculture systems.
10/23/2023
International Tax Review recognizes Dentons among world's leading tax practices
The annual World Transfer Pricing directory is a part of the ITR group.
10/20/2023
US Treasury proposes crypto mixer-crackdown to end anonymous transactions
In the last year the US sanctioned crypto mixers Tornado Clash and Blender for allegedly supporting North Korean hacking organisation Lazarus Group.
10/18/2023
Court rules Bolivia must pay Bermuda company
Bolivia is known for rich mineral deposits, including tin, silver, lithium and copper.
10/18/2023
Marstone Announces Partnership With Woodforest National Bank® to Deliver Digital Wealth Management to Its Customers
As a privately held community bank, Woodforest operates its branch network across 17 states
10/16/2023
Taichung Commercial Bank ends US bank deal
The acquisition would have allowed Taichung Bank to boost its visibility in the North American market.
10/16/2023
Citibank analyst dismissed for lying about meals expenses claim under €100 limit
Szabolcs Fekete had blamed ‘very small’ coffees and denied that meals had been eaten with his partner
10/13/2023
Carey Olsen advises Birkenstock on New York Stock Exchange listing
Birkenstock began trading on October 11 2023, under the symbol "BIRK".