12/19/2022
Judge Allows Media To Press FTX To Reveal Creditors
FTX’s request was objected by the US Trustee, part of the US Department of Justice, who said that transparency «helps protect against impropriety in bankruptcy cases».
Legal, Regulation & Compliance
12/15/2022
VI Asset Management appoints Apex Group for private credit fund administration
VIAM is an established asset management group with over US$11 bn of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.
12/14/2022
Danske Bank reaches coordinated resolutions with the US and Danish authorities regarding the Estonia matter
Under the SCU resolution, Danske Bank has agreed to accept a fine and confiscation for violations of the Danish AML Act and the Danish Financial Business Act.
12/13/2022
FinTech & Banking: A Comprehensive Guide to Client Onboarding
Onboarding is an essential aspect of the process of combating money laundering and terrorism funding, and it is a critical component in the implementation of financial security measures.
12/13/2022
Merrill Broker Clears Record of Tech Stock Claim Settled by UBS 20 Years Ago
The arbitrator Tracy L. Allen appeared to sympathize with Schwartz’s account of the events.
12/07/2022
Top-Ranked UBS Broker Clears Record of Unsuitable Trading Claims
In the older of the two claims, the customers had alleged the advisor churned the accounts, and sought unspecified damages.
12/05/2022
Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’
The BMA rejected its application on 30 September.
12/05/2022
Mercer Advisors Buys $5 Billion RIA in Latest Deal
Mercer Advisors ranked among Barron’s Top 100 RIA Firms for 2022.
11/30/2022
Grant Thornton names Digs with Dignity as its new Purple Paladin
Nonprofit provides furnishings to people transitioning from homelessness
11/30/2022
Statement from State Street Corporation on Brown Brothers Harriman Investor Services Acquisition
The Sale and Purchase Agreement does not provide for a contractual penalty by either State Street or BBH in connection with this termination.
11/30/2022
Wells Fargo joins Prime Partner bank program
Program boosts funding for legal aid in Texas
11/29/2022
JPMorgan: Push to Regulate Crypto to Accelerate After FTX’s Collapse
Crypto derivatives trading is likely to shift to regulated venues, and the Chicago Mercantile Exchange is expected to emerge as a winner, the bank said.
11/25/2022
How can UK or US courts protect your business from a ransomware or cyber-attack?
Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.
11/25/2022
Clifford Chance advises Rabobank as major shareholder in Banco Regional on the merger of Sudameris and Banco Regional
The transaction is subject to regulatory approval and other conditions to closing.
11/24/2022
JPMorgan, Deutsche Bank Sued by Epstein Accusers in New York
Class action style lawsuit accuses banks of enabling Epstein
11/23/2022
Goldman Sachs to Pay $4 Million SEC Penalty in ESG Fund Case
Asset management unit didn’t follow policies, procedures: SEC
11/22/2022
European regulator drafts guidelines for ESG fund names
The regulator is particularly focused on whether it makes sense to have quantitative thresholds for the minimum proportion of investments needed to support a fund with ESG or sustainability in its name.
11/18/2022
Chubb Receives Regulatory Approval to Increase its Huatai Stake to 83.2%
The company expects the transaction to close early in the first quarter of 2023 and will provide additional information in the near future.
11/15/2022
Former Morgan Stanley CEO on Swiss banks: Secrecy is 'their nature'
It also promised to reveal any hidden bank accounts.
11/14/2022
Roger Ng Sues Ex-Boss Tim Leissner for Alleged Fraud
The complaint also highlighted the predicament that Ng faced as he was deprived of funds to defend himself in the 1MDB case, which was allegedly stolen by Lessiner to cover his own defense costs in a related case.