SEC proposes new rule to facilitate capital formation in public, private markets
The Securities and Exchange Commission (SEC) has proposed amendments that seek to facilitate capital formation in the public and private markets. The rule changes would do this by expanding retail investor choice and promoting innovation in regulated fund structures. “Investor demand for private market investment opportunities is growing, and one of my priorities for the Commission is to explore ways to facilitate the ability of individual investors to participate in private markets, whi...
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Vanguard releases report on growing participation in Investor Choice proxy voting program
In a new report, Vanguard examines investor participation and preferences within its Vanguard Investor Choice program, t...Read More »
Ancora raises H.B. Fuller building adhesives unit offer to as much as $1.4B
Cleveland-based Ancora Holdings Group isn’t giving up on its bid to buy H.B. Fuller’s Building Adhesive Solutions (B...Read More »
New survey examines how mortgage industry is deploying AI
A new survey looks at how mortgage lenders and servicers are using artificial intelligence (AI) and how the industry is ...Read More »
California regulators seize Nano Banc and appoint FDIC as receiver
The California Department of Financial Protection and Innovation (DFPI) seized Nano Banc and appointed the Federal Dep...Read More »
H.B. Fuller reports higher earnings as activist investor presses for BAS sale
H.B. Fuller Company posted double-digit earnings growth for its fiscal third quarter, but executives repeatedly declined...Read More »
Financial industry associations offer recommendation to improve FCC’s robocall scorecard
Several financial industry associations expressed their support for the Federal Communications Commission’s (FCC) prop...Read More »
Bank of America to hire 1,000 apprentices, commit $150M to workforce development
Bank of America plans to hire 1,000 additional apprentices over the next two years and commit $150 million over five yea...Read More »
Sen. Britt introduces bill to update asset-based thresholds for banks
U.S. Sen. Katie Britt (R-AL) introduced legislation this week that seeks to update asset-based thresholds in federal ban...Read More »
Chief economists expect global economy to stabilize, but question for how long
While a majority of chief economists expect the global economy to stabilize, there is limited confidence that the stabil...Read More »
Portrait Bank opens as Central Florida’s first new bank in almost 10 years
Portrait Bank, central Florida’s first new bank since 2017, recently opened its doors for business. Based in ...Read More »
