U.S. Secretary of the Treasury Scott Bessent announced several initiatives that would combat fraud in Minnesota. As part of the White House Task Force to Eliminate Fraud, the Treasury department h...
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Georgia-based Colony Bankcorp, the holding company for Colony Bank, recently announced it has completed its merger with First Reliance Bancshares, the holding company for First Reliance Bank, effectiv...
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The board of the Federal Deposit Insurance Corporation (FDIC) approved a proposal that seeks to rescind the FDIC’s record keeping rule. The record keeping rule, part 370, applies to insured depos...
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In a step toward assisting broker-dealers and market participants on the path to central clearing of U.S. Treasury securities, the Securities and Exchange Commission (SEC) has issued exemptive relief ...
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CooperCompanies has replaced its CEO, appointed a new executive chairman, and outlined additional board changes following a call by activist investor JANA Partners for sweeping action to address the c...
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The Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court for the Northern District of California alleging two foreign-operated, Colorado-incorporated companies orchest...
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U.S. Sens. Elizabeth Warren (D-MA) and John Curtis (R-UT) are seeking information from Kalshi and Polymarket about how they oversee election-related prediction markets. In letters to Kalshi CEO T...
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Bank of America continues to expand its financial center network, opening its first financial centers in Wisconsin in October. The new Bank of America financial centers in Madison and Milwaukee are...
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The Managed Funds Association (MFA) is urging the Commodity Futures Trading Commission (CFTC) to support the responsible development of compute derivatives. MFA officials point out that prices for ...
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American billionaire and activist investor Nelson Peltz’s hedge fund Trian Fund Management L.P. on Wednesday led an offer to buy the Wendy’s Company for roughly $1.4 billion and take the fast food...
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