The article reports the liquidation of North American Clearing, a Florida-based clearing firm that offers clearing services and specializes in bonds. The Securities Investor Protection Corporation filed a petition before a federal district court requesting for the liquidation of its assets due to ...
While the Chinese economy returned to a stabilizing trend in April after a stronger-than-expected first quarter, the traction behind its firm steps is somehow different from what it used to be. Belt & Road tourism increasingly popular among tourists A new report on tourism along the route of ...
Corebridge may not have the funds available to pay any such fees and its insurance company subsidiaries may not be able or permitted to pay dividends or make other distributions to Corebridge in an amount sufficient to pay any such fees or at all. Any requirement to pay such fees could ...
25 PEOPLE WHO WILL CHANGE BANKING IN 2025 From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift)....
you may have control over other people’s actions, despite them being registered as a distributor or such”, he explained. However, he added that if finfluencers provide recommendations in videos containing embedded advertisements from mutual funds and brokers, it would be classified as a violation...
and banned countries. Such a fine would be by far the largest that the US has exacted from a foreign financial firm. Authorities are also reportedly considering barring BNP Paribas from clearing dollar trades for a year, starting in 2015. The firm is likely to cut its div...
Since 2007, he has been part of leading global market making firm Virtu Financial, most recently as Senior Advisor to the CEO. He co-founded IDCG, the market’s first OTC interest rate Designated Clearing Organization (DCO), sold in 2012 to the London Clearing House (LCH) and then LSEG....
Gensler's testimony followed an appearance in front of the same panel by Joseph Cassano, the former head of AIG's financial products unit. Cassano said he believed that he could have helped the firm get steep collateral discounts if he hadn't been asked to retire following problems uncovered ...
Our firm has featured in two important international legal publications in the last few days. Mattos Filhoreceived the main award atThe Legal 500 Brazil Awardslast week, being recognized as‘Law Firm of the Year’. The awards are based on an assessment of law firm structure and the importance...
(Yicai Global) June 15 -- The People's Bank of China issued a bank card clearing license to American Express' local joint venture, making the firm the first and only overseas payment institution to secure such a grant in China, the PBOC said in a statement on its website on J...