Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
March 17, 2023Widespread usage of the tool will be "an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
March 16, 2023JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.
March 1, 2023Three Chinese companies have launched US IPOs so far this year, following a year-and-a-half stand-off between Chinese and US regulators.
February 16, 2023The SEC has asked firms including Point72 Asset Management and Citadel to search employees' personal devices for evidence of business dealings via unapproved channels.
February 8, 2023Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.
February 7, 2023The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
January 27, 2023Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.
January 26, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.
January 20, 2023