United States

Capital / Liquidity

HSBC Acquires Silicon Valley Bank’s UK Unit for £1

By Editors | 14/03/2023

HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.

ESG / Sustainability

Fitch Rating Analyses ESG Fund Regulation Globally

By ESG Investor | 13/03/2023

New Fitch report compares fund-level ESG regulatory developments across North America, Europe and Asia.

Capital / Liquidity

Fed to Provide Liquidity Backstop as Two More Banks Close

By Manesh Samtani | 13/03/2023

US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.

Market Infrastructure

CFTC to Develop Stronger Rules to Address Cyber Risk

By Editors | 12/03/2023

The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.

Sanctions

Citi Warns of Potential for Russia to Weaponise Metal Exports

By Mark Johnston | 10/03/2023

Analysts worry that Russia could retaliate to new US tariffs on imports of Russian aluminium by banning nickel and palladium shipments.

Enforcement

OFAC Cracks Down on Entities Helping Iran Evade Sanctions

By Editors | 10/03/2023

The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.

AML / KYC

1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison

By Editors | 10/03/2023

Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.

Crypto / Digital Assets

Crypto Focused Bank Silvergate to Enter Into Liquidation

By Editors | 09/03/2023

Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.

Crypto / Digital Assets

NYAG Files Lawsuit Against Crypto Platform KuCoin

By Editors | 09/03/2023

In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.