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By Stephanie Forshee | July 26, 2017
Varo Money, a mobile banking startup, announced this week it has applied to become a national bank.
1 minute read
By Janet Levaux, ThinkAdvisor | July 24, 2017
Other bank observers point to the multiple problems exposed by the recent leak of private data of 50,000 clients and advisors.
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By Rose Walker | July 24, 2017
A reorganization of the Anglo-Australian legal giant's U.S. finance practice—a remnant of now-defunct McKee Nelson—will see at least five partners join Chapman and Cutler in New York.
1 minute read
By Janet Levaux, ThinkAdvisor | July 24, 2017
The inadvertent data release includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
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By ALM Staff | July 21, 2017
President Donald Trump is reportedly mulling the scope of his power to pardon everyone around him—and possibly himself—in the Russia investigation that Special Counsel Robert Mueller III leads. (His lawyers said that talk wasn't happening.) All of this means questions remain about pardon power. Here's a snapshot of some of the commentary from around the web.
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By Ian Lopez | July 21, 2017
Some view the regulatory environment around cryptocurrency as burdensome, others nonexistent.
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By C. Ryan Barber | July 21, 2017
Chopping down Washington's "dense thicket of rules, regulations and red tape," as President Donald Trump described it in June, doesn't always come so easily—or quickly. For a number of other regulations, the Trump administration has been playing the delay game.
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By C. Ryan Barber | July 21, 2017
The Trump administration is touting the number of federal regulations that are on the chopping block. Exxon Mobil Corp.'s suing the U.S. Treasury Department over a $2 million fine for violating Russia sanctions. The Federal Trade Commission's looking at Amazon.com's discounting practices. And financial regulators appear to be pulling back on a plan to restrict Wall Street bonuses. This is a weekly roundup from ALM and around the web.
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By Dakin Campbell | July 20, 2017
In a symbol of how much Goldman Sachs Group Inc. has changed from its days as a true partnership, the company disclosed that the combined ownership of its so-called partners has dropped below 5 percent.
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By Roy Strom | July 20, 2017
A pristine start to a Big Law career has been derailed for a former editor-in-chief of Harvard Law School's International Law Review who joined Linklaters in 2015.
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