Tag: Financial Services
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OFAC Publishes Key Guidance On Russia-Related Prohibitions Involving New Investment And Accounting, Trust And Corporate Formations, And Management Consulting Services – Corporate and Company Law
In June 2022, the Treasury Department’s Office of Foreign Assets Control (OFAC) published new Frequently Asked Questions (FAQs) regarding the prohibition of new investment and the provision of certain accounting, trust and corporate formations, and management consulting services to any person within the Russian Federation. The new FAQs clarify the scope of prohibited activities and ... -
European Digital Compliance: Key Digital Regulation & Compliance Developments – Contracts and Commercial Law
To help organisations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance developments that have taken place in the second quarter of 2022. This follows on our previous updates on European digital regulation & compliance ... -
The Strengths Of Rights Of First Refusal – Landlord & Tenant – Leases
On March 30, 2022, the New York State Supreme Court, New York County (the “Court”) decided in Times Square JV LLC v. Walber Broadway LLC1 that a ground lease-tenant that is in default under the ground lease for failure to pay the landlord rent does not per se invalidate the tenant’s right of first refusal ... -
Investment bank fees fall by $24bn as deal boom loses steam
Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and rising interest rates have halted a boom that broke records last year. A sharp downturn in equity capital markets activity, as both the surge in special purpose acquisition companies last year tumbled and initial public offerings ... -
‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market and more than half of Americans are living paycheck to paycheck, making them more vulnerable to recession
Hi, MarketWatchers. Don’t miss these top stories. ‘There seems to be little relief in sight’: More than half of Americans are living paycheck to paycheck, making them more vulnerable to recession People living paycheck to paycheck were more likely to have experienced financially distressing events at some point over the last three years. Read More ... -
‘She has a poor work ethic’: I rent out rooms in a single-family home. I charge $1,300 per room, but my sister only pays $800. Should I ask her to pay more?
Dear Quentin, I own a rental property single-family home. I rent the rooms out individually for $1,200 per month plus utilities (about $1,300 all in). I have a very good track record of maintaining full occupancy. One of the tenants is my sister, who has lived in the house for 10 years. Due to our ... -
U.S. investment-grade corporate bond funds and ETFs suffer largest weekly outflows of the year
Investors withdrew billions of dollars out of U.S. investment-grade corporate bonds and related exchange-traded funds over the past week as the Federal Reserve’s aggressive rate hikes plans feed fears of an economic downturn. U.S. high-grade funds and ETFs saw the biggest weekly outflows of $8.9 billion in the week ended on June 22 from a ... -
Citigroup names Alexander Stiris to lead European commercial bank ahead of hiring spree
Citigroup has shifted its top dealmaker in the Nordic region to lead its commercial banking operation in Europe as it embarks on an aggressive expansion that will see 900 bankers added over the next three years globally. Alexander Stiris has been named head of Citi’s commercial banking unit for Europe, the Middle East and Africa, ... -
Five boozy Father’s Day gifts for dads and Sen. Cory Booker still believes this bill could narrow the racial wealth gap, help people buy homes and afford college
Hi, MarketWatchers. Don’t miss these top stories. Sen. Cory Booker still believes this bill could narrow the racial wealth gap, help people buy homes and afford college Baby bonds are ‘a powerful way to deal with the wealth inequalities in our country by also empowering our economy overall,’ Booker tells MarketWatch. Read More IRS unveils ... -
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a two-and-20 fee structure. At least there’s real estate. Home equity is said to be hitting record highs. Then again, taking ...
