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.
Legal, Regulation & Compliance
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The Settlement Date for Notes validly tendered and not validly withdrawn at or prior to the Expiration Time is expected to be May 21, 2020.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The request, which was originally made in April, said the central bank was seeking “an order requiring BoE to comply with the proposed instruction”.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”).
05/19/2020
FINRA Pledges to Avoid Playing 'Gotcha' with Reg BI Enforcement
Initially, most enforcement actions will pertain to infractions the agency would have pursued under the suitability standards regardless, according to FINRA's head of enforcement.
05/15/2020
Barwick Bank signs for Finastra Fusion Phoenix
This announcement builds on Fusion Phoenix’s strong momentum in the past year, with a number of banks, including Seattle Bank and FNBT, selecting the core.
05/15/2020
Am Law 200 Firm Asks Associates To Make ‘Temporary Financial Sacrifice’
Associates will take a 20 percent cut.
05/13/2020
JPMorgan Chase Drops Out of Bidding for Wealth Manager
This includes $50 million in a Series F round led by IGM Financial in February 2019.
05/13/2020
SEC Obtains Receiver Over Florida Investment Adviser Charged With Fraud
The complaint charges TCA and TCA-GP with violating the antifraud provisions of the federal securities laws, and seeks permanent injunctions, disgorgement of allegedly ill-gotten gains with prejudgment interest, and financial penalties.
05/13/2020
U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case
The Justice Department and SEC have not said publicly why the RBS settlement was deemed ineligible. The SEC declined to comment while the Justice Department did not immediately provide comment