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Legal, Regulation & Compliance

03/29/2023

Conyers Advises Murano on its Proposed Merger with HSM Acquisition Corp

Under the terms of the proposed merger, which is expected to close in Q3 2023, the shareholders of Murano and HCM will exchange their current shares for shares in a new combined company to be listed on the Nasdaq stock market under a new ticker symbol.

03/29/2023

$4 Trillion in U.S. Wealth Held Offshore: Report

The likelihood of owning such an account increases sharply with income, the researchers found, and the value of those accounts soars at the very top of the income distribution.

03/29/2023

Finra Fines, Suspends Raymond James Broker in Miami over WhatsApp Use

Raymond James Financial is separately one of around half a dozen brokerage firms that have disclosed in recent months that they are responding to SEC inquiries over employees’ texting.

03/24/2023

Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud

The creator of the failed TerraUSD stablecoin was detained as he attempted to board a flight to Dubai, authorities said

03/24/2023

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

The latest developments that emanated from the banks in the U.S. hit us at the most unfavorable moment.

03/23/2023

Are your bank accounts safe? A summary of FDIC insurance coverage

The rules governing coverage amounts vary depending on whether the account is owned by one person, co-owners, through a trust or legal entity, among other factors.

03/23/2023

FDIC delays bid deadline for Silicon Valley Private Bank to Friday

The FDIC, which has held the lender under its receivership since earlier this month, declined to comment.

03/22/2023

Chubb Rule of Law Fund Continues Support for Projects to Advance Racial Justice

$1 million Awarded to Projects Promoting Equity in Policing and Prosecutions

03/21/2023

FDIC extends bidding process for Silicon Valley Bank successor

Bank and non-bank financial firms will be allowed to bid on asset portfolios.

03/21/2023

Why Fed Rate Increases Are Hitting All at Once

Tighter credit and the rising cost of deposits are squeezing banks — and the wider economy.

03/21/2023

Wells Fargo loses bid to shake Mormon Ponzi scheme class action

The order on Saturday involves the 2022 arrests of Jeffrey Judd and lawyer Matthew Beasley who federal investigators say ran a $500 million Ponzi scheme that scammed over 900 victims.

03/17/2023

Panama sees limited risk from US, European bank problems

At the end of last year, Panama's national banking system reported a capital adequacy ratio of 15.34% and liquidity ratio of 57%.

03/17/2023

SVB Financial Group Commences Chapter 11 Proceeding to Preserve Value

Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest

03/17/2023

Ex-Wells Fargo exec who pushed bankers to open fake accounts will plead guilty.

The plea agreement calls for Tolstedt to serve up to 16 months in prison.

03/17/2023

Jes Staley set to be deposed in JPMorgan lawsuits over Epstein ties

Ex-banker has been sued by his former employer in an attempt to recoup any damages it might pay in the cases

03/16/2023

Comply Partners with Advyzon to streamline compliance workflow efficiencies for wealth managers

Three strategic integrations with RIA in a Box's MyRIACompliance software creates first-of-its-kind reporting and filing solution

03/14/2023

U.S. Quasi-Sovereign Wealth Fund Known as the Exchange Stabilization Fund to Provide Backstop for Bank Term Funding Program

The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP)

03/14/2023

More financial cracks emerge from rate hikes

U.S. authorities have acted quickly to help prevent wider contagion by protecting depositors from the bank failures.

03/13/2023

Signature Bank is the Next US Bank to Fall After SVB

Signature Bank had 40 branches across the country in New York, California

03/13/2023

After SVB failure, US acts to shore up banking system confidence

Writing by Megan Davies, Alexander Smith, Leslie Adler, Simon Lewis and Vidya Ranganathan; Editing by Deepa Babington, Heather Timmons, Diane Craft, Leslie Adler, Sam Holmes, Elisa Martinuzzi and Catherine Evans

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TIFIN Wins "Wealth Management Innovation Award" in 7th Annual FinTech Breakthrough Awards Program

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