The U.S. Securities and Exchange Commission on Friday proposed drastically raising disclosure requirement thresholds for institutional investors from $100 million to $3.5 billion, in a move the agency said would reduce regulatory burdens for smaller money managers.
Coinbase may become the first-ever cryptocurrency exchange to go public as soon as this year in a move that could make digital currencies more mainstream, Reuters reported Thursday.
Indian lender ICICI Bank shared plans on Wednesday to bolster its financial footing by raising 150 billion rupees ($2 billion), as banks across the country brace for continuing fallout from the coronavirus pandemic.
Online mortgage lender Quicken Loans filed paperwork Tuesday to take itself public under the new name Rocket Companies, a move that reveals the inner workings of the Michigan-based company for the first time since founder Dan Gilbert regained control.
T. Rowe Price said Monday it has received approval from the U.S. Securities and Exchange Commission to launch four active exchange-traded funds, marking the global investment management giant’s first-ever foray into those offerings.
Investment firm Arca has launched an investment fund that will issue shares in the form of Ethereum-based digital securities, becoming the first fund of that type to debut after being registered with the U.S. Securities and Exchange Commission.
A leadership shake-up at Argo Group will see its chief financial officer step down, the Bermuda-based insurer has disclosed, about a month after it agreed to pay the U.S. Securities and Exchange Commission $900,000 to settle allegations that it didn’t report $5.3 million in perks and benefits received by its former chief executive.
Germany’s Commerzbank was hit with a fine of €650,000 (approximately $730,800) by Cyprus’s securities regulator on Friday for alleged violations of the country’s market manipulation laws.
The initial public offering of Lemonade, a fast-growing insurtech backed by SoftBank, was met with a warm reception from investors on Thursday, as shares more than doubled during inaugural trading, according to New York Stock Exchange data.
A federal appeals court issued a ruling on Wednesday that revives a lawsuit against Citigroup over its alleged links to financial fraud undertaken by bankrupt Mexican oil-services company Oceanografía, a company that once provided services to state-owned oil giant Pemex.
Lemonade, a fast-growing insurtech that counts SoftBank as a major investor, increased the target price range of its initial public offering on Wednesday and is now seeking to raise as much as $319 million.
Investment firms Cannae Holdings and Senator Investment Group may call for a special meeting of CoreLogic stockholders to kick-start their attempts to acquire the data analytics company, the pair said in a regulatory filing on Tuesday.
Former Bridgewater Associates co-CEO Eileen Murray will be the new chairwoman of the Financial Industry Regulatory Authority, putting one of the hedge fund industry’s top female executives in charge of a key Wall Street regulator, the group said Tuesday.
Aon said Tuesday that it will rescind its pay cuts of up to 20% for most of its staff that were instituted earlier this year due to the COVID-19 economic downturn and repay employees, and vowed to maintain its previous promise not to conduct layoffs because of the outbreak.
BNP Paribas Securities was sanctioned by the U.S. Securities and Exchange Commission over repeated violations of regulations prohibiting lending of shares to settle sale orders marked as “long,” which the agency alleged was for the benefit of a hedge fund client.
Encrypted messaging startup Telegram will be returning more than $1.2 billion to investors and paying an $18.5 million civil penalty as part of a settlement it reached with the U.S. Securities and Exchange Commission to resolve claims over the unregistered sale of digital tokens, the agency said Friday.
IRB Resseguros Brasil SA has finished multiple investigations that uncovered several irregularities and other issues within the company, including the source behind false media reports that impacted the company’s share price and alleged payouts of invalid bonuses, the reinsurer said Friday.
U.S. financial regulators are easing major restrictions imposed on banks after the 2008 financial crisis, allowing banks to increase investments in venture capital funds and to avoid setting aside cash to backstop derivatives swaps between affiliates of the same company.
Lemonade, a fast-growing insurtech company backed by investment giant SoftBank, said in an amended filing with the U.S. Securities and Exchange Commission on Thursday that it hopes to raise up to $286 million in its upcoming initial public offering.
Private fund advisers may be causing investors to pay more than necessary by failing to inform their clients of relevant information related to fees, expenses and conflicts of interest, the U.S. Securities and Exchange Commission said Tuesday in a notice meant to help private equity and hedge fund managers assess their compliance programs.