A new report from the Congressional Joint Economic Committee (JEC) examines the growing threat that rising interest rates pose to the nation's fiscal stability. The report, titled “Federal Intere...
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The U.S. Department of the Treasury imposed more than $1.21 billion in penalties against Bank of America for violations of anti-money laundering and sanctions laws. This is the third-largest penalt...
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The Securities and Exchange Commission (SEC) is looking to amend the “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates. The proposed am...
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Activist investor Ancora Holdings Group is pressing British self-storage operator Big Yellow Group (BYG) to consider a sale, saying the company’s shares are deeply undervalued and that a buyer could...
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The Office of the Comptroller of the Currency (OCC) levied a $350 million fine against American Express National Bank for deficiencies in its Bank Secrecy Act (BSA) and anti-money laundering (AML) com...
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The U.S. Department of the Treasury announced that in July, it issued its first civil penalty under the Outbound Investment Security Program (OISP). According to the Treasury Department, it penaliz...
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The U.S. Department of the Treasury and the Bureau of the Fiscal Service have made significant progress in its efforts to prevent fraud and improper payments. In fiscal 2026, Treasury significantly...
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Bank of America is expanding an initiative designed to help small business owners better recognize the growing threats of fraud and cybercrime. Americans filed more than one million internet crime ...
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Cantor Fitzgerald Asset Management (CFAM) has appointed Eric Johnston as its new head of global equities at O’Connor and chief market strategist at Cantor Fitzgerald Asset Management. As head of ...
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Payments provider Fiserv went live with its digital asset platform designed for financial institution clients. The Fiserv Digital Asset Platform helps financial institutions, corporates, marketplac...
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