Page 17 - Client Alert News Today

Over the past several weeks, the markets have been roiled by banks in financial distress. Some banks have received influxes of capital, while others were taken over by regulators or a...

On March 15, 2023, the Securities and Exchange Commission (“SEC”) issued three releases proposing (i) amendments to Regulation S-P (“Regulation S-P Proposal”)1, (ii) amendments to...

Entering 2023, businesses in the hospitality industry continue to face significant litigation risks arising out of employment-related claims.

A little over a week has passed since the Federal Deposit Insurance Corp. (FDIC) became receiver of Silicon Valley Bank (SVB) and Signature Bank (Signature), and since the issuance of...

In an era of increasing cyberattacks by varying threat actors, the board's oversight of cybersecurity risks remains a key responsibility.

Under the Corporate Transparency Act (the “CTA”) and the related reporting rule (the “Rule”), reporting companies (as discussed below) will be required to file reports containing...

What a week this has been since the closure of Silicon Valley Bank. As noted in our Client Alert of last week, California State regulators shut down Silicon Valley Bank (SVB) on...

On February 15, 2023, the U.S. Securities and Exchange Commission (SEC) released a proposed rule change (the Proposed Rule) redesignating the "custody rule" (i.e., Rule 206(4)-2 of the Investment...

Silicon Valley Bank, Santa Clara, California, was closed on March 10 by the California Department of Financial Protection and Innovation (CDFPI). On March 12, the New York State...

Federal Reserve issued a press release announcing the creation of a new Bank Term Fund Program. FRS established BTFP to make available additional funding to eligible depository institutions to help assure that banks have the ability to meet the needs of all depositors.