Financial Institution - Investment Banking Today

Growing Clarity: FinCEN Continues to Update Beneficial Ownership Reporting FAQs

JD Supra: Mergers

APRIL 29, 2024

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) released further guidance regarding to Corporate Transparency Act compliance (CTA) by updating and expanding the Beneficial Ownership Information Reporting Frequently Asked Questions regarding the Beneficial Ownership Information (BOI) Reporting Rule (FAQs).

Financial Institution

Financial Institution Government Corporation

Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution

The New York Times: Banking

OCTOBER 20, 2024

Branches of Al-Qard al-Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.

Financial Institution

Financial Institution Banking Bank

Covered Transactions and Considerations in Fund Finance

JD Supra: Mergers

JUNE 18, 2024

Intended to protect the stability of financial institutions by restricting transactions with affiliates, Section 23A and Super 23A can limit the relationship between financial institutions, funds, and investors party to a financing transaction. By: Mayer Brown

Finance

Finance Finance Funds Financial Institution

Investing in or Acquiring a Digital Assets Business? Watch Where You Step – Maximizing Value and Managing Risk in Digital Assets M&A (Part 1)

JD Supra: Mergers

MAY 23, 2024

Global financial institutions and some of the world’s largest institutional investors are among those pursuing acquisitions and equity financings in digital assets businesses. The growing number of opportunities have attracted a diverse group of investors and lenders. By: Mayer Brown

Financial Institution

Financial Institution M&A Business Investment

Second Circuit Adopts "Transfer-by-Transfer" Approach to Bankruptcy Code's Safe Harbor for Securities Contracts Payments

JD Supra: Mergers

FEBRUARY 8, 2024

883 (2018), that a debtor may itself qualify as a "financial institution" covered by the safe harbor by retaining a bank or trust company as an agent to handle payments, By: Jones Day Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,

Securities

Securities Financial Institution Consulting Banking

FinCEN Proposes New Rule Requiring AML Compliance Programs for Investment Advisers

JD Supra: Mergers

FEBRUARY 26, 2024

Treasury’s Financial Crimes Enforcement Network (“FinCEN”), published a proposed rule that would define specified investment advisers as “financial institutions” required to implement anti-money laundering (“AML”) compliance programs. On February 15, the U.S. By: Cadwalader, Wickersham & Taft LLP

Financial Institution

Financial Institution Investment

[Audio] Episode 319 -- Deep Dive into SCG Plastics' $20 Million Settlement with OFAC for Violations of the Iran Sanctions Program

JD Supra: Mergers

MAY 5, 2024

financial institutions to process $291. If you need to find an example of this long reach, look no further than OFAC’s recent settlement with SCG Plastics (“SCG”), in which SCG, a Thailand company, which sells plastic resins, agreed to pay $20 million for violations of the Iran Sanctions Program. From 2017 to 2018, SCG “caused” U.S.

Financial Institution

Crypto Asset Management: Expansion Roadmap for Managers and Investors (Part 1)

JD Supra: Mergers

MAY 23, 2024

Likewise, crypto asset managers may seek to monetize a part of their revenue streams by partnering with established financial institutions or third parties seeking broader product offerings. Investors are increasingly seeking out asset managers that have expertise in crypto assets. By: Mayer Brown

Asset Management

Asset Management Management Investors Financial Institution

Nasdaq to process risk calculations up to 100 times faster through integration of AI

The TRADE

OCTOBER 17, 2024

Users of Calypso include: banks, insurers, and other global financial institutions looking to process front-to-back office treasury workflows, manage risk, and meet regulatory reporting obligations.   Gil Guillaumey, senior vice president and head of capital markets technology at Nasdaq, said: “All financial institutions trading OTC derivatives are (..)

Financial Institution

Financial Institution Insurance Capital Market Trading

Learn Lessons In Public Finance Industry…

H. Friedman Search

OCTOBER 19, 2023

Start Wisely With The Opportunistic Approach If you are at another financial institution and you are getting the vibes that things may not be to your liking, be proactive. Now they become part of a very large pool of newer dismissed bankers looking for their next seat. Start to interview and don’t wait for the hammer to fall.

Finance

Finance Finance Recruitment Financial Institution

Can You Supercharge Your Business Growth? The Roll-Up Strategy REVEALED

How2Exit

NOVEMBER 25, 2024

Financial institutions, through methods like industrial revenue bonds and mezzanine loans, present existing CEOs and potential entrepreneurs with creative funding structures to support roll-ups.

Business

Business Mergers and Acquisitions Finance Finance

How Bangladesh’s Economy Was Siphoned Dry

The New York Times: Banking

DECEMBER 3, 2024

Bangladesh’s currency was battered by what the new head of the central bank says was the looting of the banks under the deposed prime minister.

Banking

Banking Bank Financial Institution Funds

Russia’s Economy Is Slowing, Opening Fissures Over Policy

The New York Times: Banking

DECEMBER 2, 2024

The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.

IT

IT Financial Institution Economics Bank

Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

The New York Times: Banking

NOVEMBER 26, 2024

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.

Financial Market

Financial Market Banking Bank Financial Institution

Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

The New York Times: Banking

DECEMBER 18, 2024

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.

Stock

Stock Investors Financial Institution Government

G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

The New York Times: Banking

OCTOBER 23, 2024

The economic lifeline is expected to be disbursed by the end of the year.

Economics

Economics Financial Institution Government Bank

Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm.

The New York Times: Banking

SEPTEMBER 25, 2024

Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.”

Stock

Stock Financial Institution Corporation Bank

Stocks Rally a Day After Fed’s Big Interest Rate Cut

The New York Times: Banking

SEPTEMBER 19, 2024

The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.

S&P

S&P Stock Investors Financial Institution

America Must Free Itself from the Tyranny of the Penny

The New York Times: Banking

SEPTEMBER 1, 2024

Few things symbolize our national dysfunction as much as this accursed coin, which we mint by the millions because it’s too worthless to spend.

Financial Institution

Financial Institution Bank Banking

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

The New York Times: Banking

AUGUST 27, 2024

Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.

Debt

Debt Financial Institution Government Funds

Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech

The New York Times: Banking

AUGUST 23, 2024

Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.

Financial Institution

Financial Institution Economics Government Bank

Scammers Are Targeting Older Americans and Their Retirement Savings

The New York Times: Banking

JULY 29, 2024

Criminals on the internet are increasingly going after Americans over the age of 60 because they are viewed as having the largest piles of savings.

Financial Institution

Financial Institution Finance Finance Bank

Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

The New York Times: Banking

JULY 9, 2024

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

Accountant

Accountant Banking Bank Financial Institution

Janet Yellen: Use Russia’s Assets to Support Ukraine

The New York Times: Banking

JUNE 12, 2024

treasury secretary explains why America and its allies should unlock the value of Russian capital immobilized at the start of the war to give Ukraine the financing it needs.

Finance

Finance Finance Capital IT

Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

MAY 16, 2024

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds

Funds IT Financial Institution Bank

How 401(k) Drives Inequality

The New York Times: Banking

MAY 8, 2024

How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold.

Financial Institution

Financial Institution Bank Banking

A Strong U.S. Dollar Weighs on the World

The New York Times: Banking

APRIL 29, 2024

Two-thirds of the roughly 150 currencies have weakened against the dollar, whose strength stems from high interest rates because of stubborn inflation.

Financial Institution

Financial Institution Economics Trading Bank

A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up

The New York Times: Banking

APRIL 15, 2024

On a scale not seen in decades, many Americans are stuck in homes they would rather leave.

Financial Institution

Financial Institution Debt Bank Banking

Capital One Said to Be in Talks to Acquire Discover

The New York Times: Banking

FEBRUARY 19, 2024

The proposed deal would combine two of the largest credit card companies in the United States.

Capital

Capital Mergers and Acquisitions Financial Services Financial Institution

Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes

The New York Times: Banking

JANUARY 19, 2024

The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

S&P

S&P Stock Investors IT

Jacob Rothschild, Banker, Financier and Philanthropist Dies at 87

The New York Times: Banking

FEBRUARY 26, 2024

The fourth Baron Rothschild, he left the family banking business to start his own company, becoming a powerful financier, patron of the arts and philanthropist.

Banking

Banking Bank Business Financial Institution

Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

MAY 12, 2024

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt

Debt Business Financial Institution Capital

Why Gen Z College Students Are Seeking Tech and Finance Jobs

The New York Times: Banking

MAY 22, 2024

Many of Harvard’s Generation Z say “sellout” is not an insult.

Finance

Finance Finance Financial Institution Corporation

The Mini Stock Market Crash and Why it Matters

The New York Times: Banking

AUGUST 7, 2024

They require infinite patience, often throw tantrums and are sometimes best ignored.

Stock

Stock IT Financial Institution Bank

How China Censors Critics of the Economy

The New York Times: Banking

JANUARY 30, 2024

As Beijing struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis it deems negative are blocked.

Financial Analysis

Financial Analysis Stock IT Financial Institution

Want to End Poverty? Focus on One Thing.

The New York Times: Banking

SEPTEMBER 22, 2024

Electrifying the world could produce the largest development gains since the 1990s.

Financial Institution

Financial Institution Bank Banking Trading

Why It’s So Hard for China to Fix Its Ailing Economy

The New York Times: Banking

SEPTEMBER 2, 2024

A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.

IT

IT Business Financial Institution Economics

U.S. Leading Soft Landing for Global Economy

The New York Times: Banking

FEBRUARY 2, 2024

Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.

Financial Institution

Financial Institution Economics Funds Bank

Inside Amira Yahyaoui’s Claims about Mos, a Student Aid Start-Up

The New York Times: Banking

MARCH 25, 2024

Amira Yahyaoui, a human rights activist, promoted the success of her student aid start-up, Mos. Some of her statements do not add up, according to internal data and people familiar with the company.

Financial Institution

Financial Institution Capital Bank Banking