Explainer: What is the US SEC’s in-house court under Supreme Court review?

The U.S. Supreme Court is due to rule in coming days on whether to curtail the Securities and Exchange Commission’s use of in-house judges to adjudicate enforcement actions, with potentially big implications for other agencies. The court last year decided to take up the Biden administration’s appeal of a lower court’s ruling that deemed the SEC’s in-house […]

Staff warned off whistleblower hotlines, says global survey

More than half of whistleblowers have felt pressured not to use internal hotlines to raise red flags at large global businesses and public bodies, a global EY survey showed. The number of organisations without a whistleblowing hotline has halved since a similar survey in 2022, as countries introduce new whistleblower protection laws and regulators order […]

NYCB acquired Signature Bank assets with total fair value of $37.8 billion

New York Community Bancorp (NYCB.N),  said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion. In March 2023, its subsidiary, Flagstar Bank, had assumed substantially all of Signature Bank’s deposits and some of its loan portfolios from the Federal Deposit Insurance Corporation (FDIC). The regional […]