Genesco wins ISS backing as activist proxy fight heads toward shareholder vote
Genesco Inc. has secured the support of a major independent proxy advisory firm as it battles activist investors seeking to reshape the retailer's board ahead of its July 21 annual meeting, escalating a proxy contest centered on corporate governance, board composition, and shareholder returns. On July 7, Nashville-based Genesco announced that Institutional Shareholder Services (ISS) recommended shareholders vote for all nine of the company's director nominees, rejecting efforts by activist in...
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ROAD to Housing act becomes law
The bipartisan, bicameral housing package called the 21st Century ROAD to Housing Act became law over the weekend. Th...Read More »
Sen. Warren raises regulatory concerns about potential large bank acquisitions
U.S. Sen. Elizabeth Warren (D-MA) raised regulatory concerns about Citigroup’s potential acquisition plans. In late...Read More »
Federal Reserve seeks comments on proposal to amend AML programs for banks
The Federal Reserve Board is seeking feedback on a proposal to amend its requirements for banks to maintain anti-money l...Read More »
PNC Bank to add more nearly 100 branches in Florida
PNC Bank is realigning its Florida markets, as it plans to add nearly 100 new branches statewide by 2030. It is part ...Read More »
Ways and Means committee passes bill to allow IRS to use AI to catch fraud
A bill that encourages the Internal Revenue Service (IRS) to use AI tools to detect tax fraud was passed by the House Wa...Read More »
Education Freedom Tax Credits to boost school choice
The new Education Freedom Tax Credit will make taxpayers eligible for a credit up to $1,700 for qualified contributions ...Read More »
Senators examine partnership between private equity firm and Sallie Mae
A group of Senate lawmakers are probing leadership at private equity firm KKR about the company’s recently announced m...Read More »
House passes bill to extend terrorism risk insurance program
The U.S. House of Representatives passed a bipartisan bill that reauthorizes the Terrorism Risk Insurance Program. Th...Read More »
Reps. Fitzpatrick, Goodlander introduce bill to prevent federal officials from stock trading
U.S. Reps. Brian Fitzpatrick (R-PA) and Maggie Goodlander (D-NH) introduced a bipartisan bill that would prohibit senior...Read More »
Bill to provide cannabis businesses with banking services introduced in House
A bill was introduced in Congress last week that seeks to ensure that state-legal cannabis businesses have access to ban...Read More »
