Victor Karpiak stepped down as CEO of First Financial in 2013 after years of wrangling with a prominent activist investor.
Month: February 2019
FCA gives finance firms 15-month reprieve in no-deal Brexit
Rules still need approval from the Treasury
FHFA rule requires Fannie and Freddie to align cash flows on MBS
The new regulation, codifying requirements already in practice, is meant to help the mortgage giants prepare for the adoption of a uniform security in June.
FCA criticises fund managers over Mifid II cost disclosures
UK financial regulator finds asset managers do not disclose or are inconsistent on costs and charges
Credit Suisse sued by Mozambique for role in $2bn debt deals
Abu Dhabi naval contractor Privinvest also named
Mozambique sues Credit Suisse over tuna bonds scandal
Southern African nation launches court proceedings against the Swiss bank in London
Software firms MX, Personetics to meld clean data, AI-based analytics
The companies have teamed up on a product to help banks, especially small ones, give customers more accurate insights into their own financial health.
Square’s ILC bid is a regulatory end run
By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.
JPMorgan considering China onshore private bank business
JPMorgan Chase is considering setting up a private bank in China as new regulations give foreign firms a better chance to compete with local players in the world’s second-biggest pool of wealthy people.
Private equity titan David Rubenstein calls for second Brexit vote
PE firm’s co-founder says the ‘first vote was not relatively informed because it wasn’t clear what Brexit would mean’