05/27/2020
JPMorgan Asset Management signs with Calastone
Calastone’s solution provides a fully digitalised market ecosystem offering firms greater immediacy, accuracy and certainty of execution through automated workflows.
Legal, Regulation & Compliance
05/27/2020
Scotiabank Takes $168 Million Hit as It Shuts Historic Gold Unit
Bank is in talks to settle with authorities on metals probes
05/27/2020
Legal Operations: Impact Makes The Case For Investment
While it may be counterintuitive to start a law firm legal operations function, or add professionals to an existing legal operations department during a pandemic, the results just may be worth it.
05/27/2020
CI Financial announces strategic investment in Congress Wealth Management of Boston
The agreement represents the further development of a collaborative partnership between CI and Congress.
05/27/2020
Asia Investment in the United States Preparation Brings Opportunities
This is especially true to the extent the initiative would help grow the US business in the US market and, through cooperative efforts with the Asia partner, enable a US company to expand its products and services in Asia markets.
05/25/2020
SEC Halts Advisor's Ponzi Scheme Preying on Seniors
Paul Horton Smith Sr. faces criminal charges for allegedly using new investor funds to pay interest and the return of principal to those same investors.
05/25/2020
Fiduciary duties for corporate management in the time of coronavirus
It is axiomatic that corporate management is entrusted with the significant responsibility of managing a company for its shareholders.
05/25/2020
Central banks are creating ‘fake markets,’ Bank of America strategists say
As of Friday morning, the S&P 500 is up more than 14% and the Dow Jones Industrial Average more than 11% so far this quarter, rebounding from a historic sell-off in March as the coronavirus spread in the U.S. and throughout the rest of the world.
05/24/2020
How ‘Baby Al Capone’ pulled off a $23.8 million crypto heist
Ellis’ bedroom in the $1.3 million home he shared with his family, including his NYU Langone-physician mother, had three computer monitors for playing his favorite games, Counter-Strike and Call of Duty.
05/24/2020
The COVID Crisis Law Firm Layoff Tracker: What’s Your Firm Doing To Survive?
The latest updates on the salary cuts, furloughs, and layoffs that are taking over the legal industry.
05/24/2020
Sales tax legislation – the bane of the art market?
The use of a foreign trade zone for artworks is often unnecessary anyway, because (with some exceptions) U.S. customs duties typically do not apply to artwork.
05/22/2020
CI Financial buys remaining stake in WealthBar
The 25% minority stake purchased by CI had been held by WealthBar executives.
05/22/2020
COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing
With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.
05/22/2020
BNY Mellon Announces Redemption of Floating Rate Senior Bank Notes Due 2021
The Notes have an aggregate principal amount of $1,250,000,000.
05/21/2020
Regions Bank Announces Results of Tender Offer for 2.750% Senior Bank Notes
The Settlement Date for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time is expected to be May 21, 2020. The purchase of the Notes will be funded by cash on hand.
05/21/2020
Proxy adviser urges removal of Lee Raymond from JPMorgan board
Largest US bank under pressure from Glass Lewis to demote 81-year-old former ExxonMobil chief
05/21/2020
Venezuela sues Bank of England to force access to $1bn gold reserves
The request, which was originally made in April, said the central bank was seeking “an order requiring BoE to comply with the proposed instruction”.
05/21/2020
DriveWealth Brings U.S. Stock Investing Capability to India-Based AI Wealth Management Firm
INDmoney Integrates DriveWealth's Technology into SuperMoneyApp
05/20/2020
Mayer Brown wins “Team of the Year: Structured Finance and Securitization”
T&C played a prominent role in this groundbreaking transaction in a challenging regulatory environment by advising CDPQ and Engie in corporate, regulatory, tax, compliance, litigation, real estate, labor and antitrust aspects.
05/20/2020
Tiger Merger Sub Co. Extends Expiration Date to June 2, 2020
The Tender Offers and Consent Solicitations are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated March 10, 2020, relating thereto (the “Offer to Purchase”).