09/21/2022
Morgan Stanley Pays $35M SEC Fine Over Data Security
About 15 million clients’ details were compromised over a five-year period starting 2015.
Legal, Regulation & Compliance
09/20/2022
Chambers High Net Worth 2022 Recognizes Morgan Lewis for Private Client Work
The team also advises major universities, secondary schools, and cultural organizations on their planned-giving programs.
09/19/2022
Big US Regional Banks Could Face New Crisis Regulations
Can a financial institution be too small for regulations but also too big to fail? We may be about to find out. American financial authorities are...
09/16/2022
Janus Henderson faces ERISA suit over management of 401(k) plan
They have used the plan to promote Janus Henderson's proprietary investments and earn profits for Janus Henderson
09/16/2022
U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement
U.S. Bank and MUFG continue to plan for required regulatory approvals and closing in the second half of 2022
09/14/2022
JPMorgan, Bank of America cautious on job cuts as Goldman layoffs loom
That stance compares with plans by Goldman Sachs Group, according to a source familiar with the matter, to cut jobs as early as this month after pausing the annual practice for two years during the pandemic.
09/12/2022
Wells Fargo Reaches Agreement with U.S. Department of Labor Related to Legacy 401(k) Plan Matter
The Company strongly disagrees with the DOL’s allegations and believes it followed applicable laws in conducting the transactions.
09/12/2022
Neighborhood National Bank announces Termination of Regulatory Enforcement Action & $4 Million in new capital raised
CEO Scott Andrews commented that he was "extremely proud of the work done by the team at Neighborhood to bring the Bank's BSA/AML program into full compliance.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/02/2022
Wells Fargo Owes $22 Million for Alleged Whistleblower Axing (2)
The fired worker also accused Wells Fargo managers of engaging in “price fixing and interest rate collusion through exclusive dealing
09/01/2022
Maltese advice firm and directors charged over $75m fraud
The company and one of the executives were also named in the Paradise Papers leak
09/01/2022
Senate Committee on Finance Investigation Finds Offshore Account Reporting Loophole
New report finds law designed to crack down on tax evasion is easy to circumvent.
08/31/2022
Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory.
08/31/2022
Chambers Latin America 2023 recognizes A&O partners and practices
The results, which are based on a range of professional qualities, are independently audited by Chambers Latin America.
08/30/2022
Latham Adds Leading Financial Institutions Regulation Partner in New York
Arthur Long brings significant experience advising on complex bank regulatory compliance matters and regulatory aspects of transactions.
08/26/2022
Mexico And Barbados To Explore Other Areas Of Cooperation
Ambassador of Mexico to Barbados, Victor Hugo Morales Meléndez, paid a courtesy call on the Acting Prime Minister at Ilaro Court recently, where the two counterparts held wide-ranging talks on a number of areas.
08/26/2022
Blackstone Single-Family Landlord to Halt Home Purchases in 38 Cities
Home Partners isn’t first large investor to back away from the US housing market, which reached a frenzied state during the first half of the year.
08/26/2022
Block lawsuit over cybersecurity incident is the latest setback for Jack Dorsey
Bock getting sued for failing to live up to its commitment to defend users' privacy is another thing for Jack Dorsey to worry about
08/25/2022
Banco Bradesco S A : A strategic partnership between Bradesco and banco BV to form an independent wealth management - Form 6-K
A strategic partnership between Bradesco and banco BV to form an independent wealth management
08/25/2022
Sculptor Capital co-founder, 4 others sue over CEO/CIO's compensation
This is the latest salvo in an escalating conflict related to Mr. Levin's compensation.