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15 Mar 2023, 6:30 am
  They are the cooks and cleaners, bellhops and janitors, farmhands and bank tellers, who marched, agitated, and died so that we can be here today. [read post]
14 Mar 2023, 5:25 pm
   On Tuesday, March 7, China unveiled details of its 2023 State Council Institutional Reform Plan (Plan) [国务院机构改革方案]. [read post]
14 Mar 2023, 9:39 am by Jochen Vester (UK)
On 14 March 2023, the PRA published Consultation Paper 6/23 ‘The non-performing exposures capital deduction’ (CP6/23). [read post]
14 Mar 2023, 6:24 am by Bright!Tax Writers
Also, in both cases, once the sale is final and the money has arrived, you will likely need to file a Foreign Bank Account Report (FBAR) if the money is deposited in a foreign bank account. [read post]
Key policy priorities include: completing key reforms to strengthen the financial and operational resilience of APRA-regulated entities passing key reforms to strengthen the operational resilience of regulated entities and improving outcomes for superannuation members reviewing core standards, especially relating to the regulation of conglomerate groups Key supervision priorities for 2023 include: heightened supervision on cyber resilience embedding the capital reforms for banks… [read post]
13 Mar 2023, 1:44 pm by Kevin LaCroix
The complaint alleges that during the class period, “(1) the Company failed to disclose to investors the risks presented by impending  rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, it would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates,… [read post]
13 Mar 2023, 10:15 am by Chris Castle
They’re not getting deposits because venture capital is not funding startups like they were two years ago. [read post]
On 13 March 2023, the Bank of England (BoE) published a report on climate-related risks and the regulatory capital frameworks. [read post]
13 Mar 2023, 6:43 am
Had Congress and the Federal Reserve not rolled back the stricter oversight, S.V.B. and Signature would have been subject to stronger liquidity and capital requirements to withstand financial shocks. [read post]
13 Mar 2023, 12:15 am
  According to the DFPI's order, an announcement of a capital raise by the bank triggered a run on the bank: Despite the bank being in sound financial condition prior to March 9, 2023, investors and depositors reacted by initiating withdrawals of $42 billion in deposits from the Bank on March 9, 2023, causing a run on the Bank. [read post]
12 Mar 2023, 2:05 pm by Race to the Bottom
Under the proposed rule, public companies with less than a $250 million market capitalization would be exempt from reporting Scope Three emissions. [read post]
12 Mar 2023, 9:29 am by Tom Smith
This came days after Silvergate Capital announced it is liquidating its bank. [read post]
12 Mar 2023, 9:00 am by Leslie Eastman
One hundred venture capital and investing firms have signed a statement supporting Silicon Valley Bank, and calls for aid to avoid a possible “extinction-level event” for tech companies. [read post]
10 Mar 2023, 12:48 pm by Zamansky LLC
SVB which owns Silicon Valley Bank has raised billions of dollars of capital for technology companies and other private equity firms. [read post]
10 Mar 2023, 10:13 am by Financial Times
Photographer: David Paul Morris/Bloomberg via Getty Images (credit: Bloomberg via Getty Images) Silicon Valley Bank was shuttered by US regulators on Friday after a rush of deposit outflows and a failed effort to raise new capital called into question the future of the tech-focused lender. [read post]
10 Mar 2023, 5:51 am by Kelsey Davenport
The International Atomic Energy Agency (IAEA)’s recent detection of uranium enriched to near weapons-grade levels in Iran should send a strong message to the United States and Europe that it is necessary to ratchet up diplomatic efforts to reduce the risk of a nuclear-armed Iran. [read post]
9 Mar 2023, 8:21 am by Unknown
The website claims that “AGI includes all forms of taxable income, such as wages, interest, dividends and capital gains. [read post]
8 Mar 2023, 4:59 am by Emma Snell
Signup to receive the Early Edition in your inbox here. [read post]