SEC Hits More Wall Street Firms With $81M in Fines Over Record-Keeping February 12, 2024 By Chris Prentice A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle...
Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion August 9, 2023 By Austin Weinstein Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in...
Finance Firms’ Return-to-Office Crackdown Could Backfire: Deloitte August 9, 2023 By Lananh Nguyen Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting...
Bank of England Launches First Sector-Wide Liquidity ‘Stress Test’ June 20, 2023 By Huw Jones The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses...
SEC to Weigh New Artificial-Intelligence Rules for Brokerages June 15, 2023 By Lydia Beyoud Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The...
Coinbase Suit May Finally Send Crypto Debate to Supreme Court June 9, 2023 By Martina Barash and Chris Dolmetsch The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action March 14, 2023 By Chad Hemenway Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against...
U.S. Announces it Will Stem SVB Fallout, Customers to Have Deposit Access March 13, 2023 By Andrea Shalal , Sarah N. Lynch and Lananh Nguyen Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the...
A Major Bank Failed. Here’s Why It’s Not 2008 Again March 13, 2023 By Ken Sweet The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced...
Hub Acquires Miniter Group, a Lending Risk Insurance Specialist in Massachusetts September 7, 2022 Global insurance broker HUB International Ltd. has acquired the assets of James L. Miniter Insurance Agency, Inc. Located in Rockland,...