The Office of the Comptroller of the Currency (OCC) took a series of enforcement actions against national banks, federal savings associations, and individuals formerly affiliated with OCC-supervised institutions, according to details released by the regulator on Friday.
According to the Safety and Shipping Review released for 2024 by Allianz Commercial, a company under the umbrella of German-based Allianz Group, Losses of large shipping vessels achieved a record low with 26 losses last year. This a drastic improvement from three decades ago, and even shows significant growth within the last decade. This was accomplished in spite of the tumultuous environment the shipping business operates in and the additional challenges it has faced in recent years.
GlobaLink Securities Inc., a broker-dealer based in Pasadena, California, has agreed to pay a $200,000 fine and make restitution of nearly $400,000 to customers to settle charges by the Financial Industry Regulatory Authority (FINRA) related to unfair pricing and best execution practices.
The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has released its Annual Report for 2023, detailing key achievements in implementing its new 5-year strategy aimed at enhancing investor protection and promoting stable financial markets across the European Union.
The Federal Reserve Board and Arkansas state regulators have taken formal enforcement action against Evolve Bancorp, Inc. and its subsidiary Evolve Bank & Trust over deficient risk management and compliance controls related to the bank's fintech partnership business model.
The Australian Prudential Regulation Authority (APRA) has released its finalized prudential practice guide aimed at strengthening operational risk management and business continuity planning for banks, insurers and superannuation trustees.
The Securities and Exchange Commission announced settled charges against hedge funds Anson Funds Management LP and Anson Advisors Inc. for misleading investors about their relationships and arrangements with activist short sellers.