Banking Law News

Latest Stories

Trump to Address Bitcoin Event in Show of Support for Crypto

Donald Trump will speak at a <-bsp-bb-link state="{"bbHref":"bbg://securities/XBTUSD%20BGN%20Curncy/GP","_id":"00000190-a058-d6e5-adde-bbd969010001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Bitcoin conference this month, according to the event’s organizers, an address that would highlight his growing embrace of the cryptocurrency industry.

By Olga Kharif

Regional Japan Lender Dangles Megabank Pay for Market Hires

<-bsp-bb-link state="{"bbHref":"bbg://securities/8418%20JP%20Equity","_id":"00000190-9ff8-d6e5-adde-bff9448b0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Yamaguchi Financial Group Inc., a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new hires with securities market expertise around the same compensation as staff at the nation’s largest banks.

China Cracks Down on Short Sales, Quants to Boost Stocks

China took some of its most extreme steps yet to restrict short selling and quantitative trading strategies, seeking to support the nation’s sliding stock market as a closely-watched economic policy meeting approaches.

Fed’s Cook Says US Data Are Consistent With a Soft Landing

<-bsp-bb-link state="{"bbHref":"bbg://screens/FED","_id":"00000190-9f56-d6e5-adde-bfd796260000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Reserve Governor <-bsp-person state="{"_id":"00000190-9f56-d6e5-adde-bfd796260001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Lisa Cook said although soft landings in economies after bouts of high inflation are rare, that’s what she is predicting for the US as inflation cools with little damage to the labor market.

Archegos’ Bill Hwang Convicted of Fraud, Market Manipulation

<-bsp-bb-link state="{"bbHref":"bbg://securities/0732002D%20US%20Equity","_id":"00000190-a038-d6e5-adde-bbf95d470000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Archegos Capital Management founder <-bsp-person state="{"_id":"00000190-a038-d6e5-adde-bbf95d470001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse, concluding a two-month trial that captivated Wall Street.

Larry Fink Works to Prepare Next Generation of BlackRock Leaders

BlackRock Inc. Chief Executive Officer Larry Fink said he’s working to prepare the next generation of leaders of the world’s largest money manager and doesn’t intend to stand in their way.

Citi Fined $136 Million for Failing to Fix Regulatory Issues

Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls.

Zelle’s Big Bank Backers Accused of Infringing Security Patents

Bank of America Corp., JPMorgan Chase & Co., and the five other major US banks backing the Zelle person-to-person payments system were accused in a federal lawsuit of integrating patented identity-authentication technology into the app without permission.

Banks Confront Uneven Playing Field After Chevron, Chopra Says

A pair of US Supreme Court decisions easing the path for challenging federal regulations will make it harder for banks and other companies to do business, a top US financial regulator said.