Justice Department hits investment firm with $250M over violations of pre-merger review laws
The U.S. Justice Department is requiring KKR & Co. to pay a civil penalty of $250 million to resolve allegations that it repeatedly flouted the pre-merger antitrust review process. The complaint alleged that KKR evaded antitrust scrutiny for at least 16 separate transactions by failing to comply with the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). “This historic $250 million civil penalty – more than 20 times any prior HSR penalty obtained by the DOJ – sends a pow...
Read More
Featured
FDIC: Banks see strong earnings growth in Q2
In its latest Quarterly Banking Profile, the Federal Deposit Insurance Corporation (FDIC) reported an increase in banks ...Read More »
Ancora renews push to buy H.B. Fuller adhesives business after rejection
Ancora Holdings Group LLC is renewing its push to acquire H.B. Fuller Co.’s Building Adhesive Solutions (BAS) segment ...Read More »
SEC files fraud charges against two investment bankers
The Securities and Exchange Commission (SEC) filed fraud charges against two former Wall Street investment bankers for a...Read More »
Crypto Council, Blockchain Association file suit against Illinois’ digital assets tax
The Crypto Council for Innovation and the Blockchain Association filed a lawsuit challenging the State of Illinois’s D...Read More »
Senators demand FINRA strengthen standard to prevent brokerage fraud
U.S. Sens. Ron Wyden (D-OR) and Elizabeth Warren (D-MA) called for the Financial Industry Regulatory Authority (FINRA) t...Read More »
Santander Bank closes on acquisition of Webster Bank
Santander US has completed the acquisition of Webster Financial Corporation, the holding company for Webster Bank. Th...Read More »
SEC proposed new rules for crypto assets
The Securities and Exchange Commission SEC) has proposed new rules that would create a clear framework for certain inves...Read More »
Treasury seeking public comments on implementation of GENIUS Act
The U.S. Department of the Treasury is seeking public comment on a proposed rule that outlines the Treasury’s implemen...Read More »
Reps. Bynum, Kim introduce bill to provide credit unions with more investment opportunities
U.S. Reps. Janelle Bynum (D-OR) and Young Kim (R-CA) introduced legislation that seeks to provide federal credit unions ...Read More »
FHFA proposes to amend Suspended Counterparty Program regulation
The U.S. Federal Housing Finance Agency (FHFA) is looking to amend its regulation that governs its Suspended Counterpart...Read More »
