February 2024 - cypherpunks - lists.cpunks.org

Two Goldman Sachs partners threaten to quit after committee snub
by Gunnar Larson 23 Feb '24

23 Feb '24

https://nypost.com/2024/02/22/business/two-goldman-sachs-partners-threaten-… Two longtime Goldman Sachs partners have reportedly threatened to quit after they were passed over for a position on a top committee established under CEO David Solomon. Mark Sorrell, who co-heads mergers and acquisitions in the firm’s London office, and Gonzalo Garcia, who co-heads the European investment banking division, have indicated they may resign after they were left off a new committee formed in the global banking and markets unit, according to Financial Times. The two were left off even as co-heads who work alongside both men — Stephan Feldgoise in mergers and acquisitions and Anthony Gutman in European investment banking — were included in the dozen-member committee, FT reported.

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Crypto Co. DGC Blasts NY AG Settlement With Genesis Global
by Gunnar Larson 23 Feb '24

23 Feb '24

Crypto Co. DGC Blasts NY AG Settlement With Genesis Global <https://www.law360.com/fintech/articles/1805402?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely The parent company of Genesis Global Holdco slammed a proposed settlement between the bankrupt lender and the New York attorney general on Wednesday, calling the agreement an attempt to "rig" the Chapter 11 plan confirmation to include larger payouts for certain creditors. 1 document attached | Read full article » <https://www.law360.com/fintech/articles/1805402?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1805402?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Breaking Down The New UK Pension Funding Regs
by Gunnar Larson 23 Feb '24

23 Feb '24

Breaking Down The New UK Pension Funding Regs <https://www.law360.co.uk/financial-services-uk/articles/1804481?nl_pk=a94fc…> Recently published U.K. pension regulations, proposing major changes to funding and investing in defined benefit pension schemes, raise implementation considerations for trustees, including the importance of the employer covenant, say Charles Magoffin and Elizabeth Bullock at Freshfields. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1804481?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1804481?nl_pk=a94fc…>

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Going Broke Is Top Concern For Retirement Clients
by Gunnar Larson 23 Feb '24

23 Feb '24

Going Broke Is Top Concern For Retirement Clients <https://www.law360.co.uk/financial-services-uk/articles/1805499?nl_pk=a94fc…> By Josh White More than 70% of financial advisers report their retirement clients fear they will outlast their money, according to research published Thursday by insurer Aegon UK. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1805499?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1805499?nl_pk=a94fc…>

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Gang Jailed For 'Industrial Scale' Money Laundering Operation
by Gunnar Larson 23 Feb '24

23 Feb '24

They are calling Gunnar 'gangbusters' ---- Gang Jailed For 'Industrial Scale' Money Laundering Operation <https://www.law360.co.uk/financial-services-uk/articles/1805539?nl_pk=a94fc…> By Eddie Beaver Four members of a gang that sent £26 million ($33 million) in dirty money to Dubai by depositing illegal cash at banks have been jailed for a combined 22 years, the U.K.'s tax authority said Thursday. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1805539?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1805539?nl_pk=a94fc…>

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Lloyds Sets Aside £450M For FCA Car Finance Probe
by Gunnar Larson 23 Feb '24

23 Feb '24

FBI, this seems a bit too close to home to Lending Club and another California board of directors. --- Lloyds Sets Aside £450M For FCA Car Finance Probe <https://www.law360.co.uk/financial-services-uk/articles/1805503?nl_pk=a94fc…> By Sam Tabahriti Lloyds Banking Group said Thursday that it has set aside £450 million ($570 million) for potential legal expenses and compensation costs from a Financial Conduct Authority investigation into its past car-financing practices. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1805503?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1805503?nl_pk=a94fc…>

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Transneft Ordered To Halt Bid To Block $14B Conspiracy Claim
by Gunnar Larson 23 Feb '24

23 Feb '24

Transneft Ordered To Halt Bid To Block $14B Conspiracy Claim <https://www.law360.co.uk/financial-services-uk/articles/1805519?nl_pk=a94fc…> By Ronan Barnard The world's largest oil pipeline company has been ordered by a London court to pause its legal action trying to force an imprisoned Russian oligarch to drop his $13.8 billion claim alleging his business empire was unlawfully seized in a sprawling Russian state conspiracy. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1805519?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1805519?nl_pk=a94fc…>

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Full Supreme Court Won't Halt Boy Scouts' Ch. 11 Plan
by Gunnar Larson 23 Feb '24

23 Feb '24

Full Supreme Court Won't Halt Boy Scouts' Ch. 11 Plan <https://www.law360.com/delaware/articles/1805800?nl_pk=8f2e5a76-bb66-462b-a…> By Hilary Russ The full U.S. Supreme Court on Thursday shot down an appeal that had prompted Justice Samuel Alito to briefly halt the Boy Scouts of America's bankruptcy and had thrown its Chapter 11 plan into temporary disarray. Order attached | Read full article » <https://www.law360.com/delaware/articles/1805800?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/1805800?nl_pk=8f2e5a76-bb66-462b-a…>

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I'm Victim Of Morgan Stanley's Abuse, Ex-Frasers CEO Says
by Gunnar Larson 23 Feb '24

23 Feb '24

I'm Victim Of Morgan Stanley's Abuse, Ex-Frasers CEO Says <https://www.law360.co.uk/financial-services-uk/articles/1805560?nl_pk=a94fc…> By William Janes Former Frasers chief executive Mike Ashley told a London court on Thursday that he was "a victim of Morgan Stanley's abuse" as he claims that the bank was motivated by "snobbery" when it hit the retail group with a margin call of almost $1 billion. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1805560?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1805560?nl_pk=a94fc…>

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DOJ Reports $2.7B False Claims Act Haul In 2023
by Gunnar Larson 23 Feb '24

23 Feb '24

DOJ Reports $2.7B False Claims Act Haul In 2023 <https://www.law360.com/compliance/articles/1805838?nl_pk=ab5ce197-c1fb-4d8e…> By Theresa Schliep The U.S. Department of Justice on Thursday released its latest data on recoveries under the False Claims Act, saying there were nearly $2.7 billion in settlements and judgments in the 2023 fiscal year, an increase from the prior year's haul. 1 document attached | Read full article » <https://www.law360.com/compliance/articles/1805838?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1805838?nl_pk=ab5ce197-c1fb-4d8e…>

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