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Daily Business Review

888 Shares Plunge After CEO Quits Amid Money Laundering Failures

British gambling group 888 Holdings Plc suspended VIP customer accounts after it found that "know your client" best practices for its highest-value gamblers weren't followed.
3 minute read

Daily Business Review

Even on $100K, More Americans Living Paycheck to Paycheck

The numbers likely reflect growing strain on household budgets after the cost of living surged, wages often failed to keep up, and pandemic savings got drawn down.
3 minute read

Corporate Counsel

'The Fish Rots From the Head Backward': Why Fixing Wells Fargo's Culture Is Taking So Long

An internal investigation of the bank's fake-account scandal found that the legal department focused on case-by-case risks and failed to grasp the cultural meltdown. In short, "They simply could not see the forest for the trees," according to a 2018 analysis by Eversheds Sutherland.
7 minute read

The Recorder

Skadden Defends Flagstar Bancorp in Data Breach Suit

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Business Review

Federal Reserve Says It Won't Approve Crypto Firm's Membership

Earlier this month, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a joint warning about the need to stem risks associated with cryptocurrency assets so that they can't affect the broader financial system.
3 minute read

Daily Business Review

Intel Gives One of Its Grimmest Forecasts Ever, Slamming Shares

A post-pandemic downturn for Intel's main business, personal computer chips, has torpedoed efforts to get the company's financial performance back on course.
5 minute read

Daily Business Review

Tech Leads Stock Rebound Amid Fed Downshift Wagers

The Federal Reserve watches long-term views especially closely, as expectations can become self-fulfilling and lead to higher prices.
3 minute read

Daily Business Review

Bed Bath & Beyond Says It Received Default Notice From JPMorgan

Bed Bath & Beyond, the ubiquitous U.S. brand founded in 1971 in Union, New Jersey, was once a staple of going-to-college shopping lists and wedding registries.
4 minute read

New York Law Journal

Ex-Trader Begins Action Alleging Deutsche Bank Aided 'Malicious Prosecution'

The former Deutsche Bank trader, represented by Levine Lee, is seeking $30 million from the financial institution, alleging he was made a scapegoat.
2 minute read

The American Lawyer

Why Financial Regulation Is Big Law's Newest Battleground

Law firms large and small are heavily investing in financial regulation and ex-government lawyers as demand skyrockets at the cross-sector between financial services and tech.
4 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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