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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.