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Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning

PYMNTS

The Shanghai Stock Exchange is delaying Ant Group’s record initial public offering (IPO) following Jack Ma’s meeting with Chinese regulators, according to a Wall Street Journal (WSJ) report on Tuesday (Nov. Ant was founded in 2004 as Alibaba's payments processor. That meeting now disqualifies Ant from listing on Thursday (Nov.

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Ant Group indicated in July that it had begun the procedure for a dual listing in Shanghai on STAR Market and in Hong Kong.

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Kleptocracy & Foreign Public Corruption: New FinCEN Red Flags

Abrigo

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Securities and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts. financial system. In the 1970s, the U.S.

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Robocalls Go Unpunished, Exposing Regulatory Gaps

PYMNTS

The FCC, according to the newspaper story, has since 2004 collected some $121 million in penalties for robocalls and other prohibited telemarketing behaviors. billion the federal agency “secured” via fines and court judgements — or about 8 percent. Not only that, but it doesn’t always take much to soil the credibility of regulators.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Quarterly Financial Markets & Economic Update- October, 2017 I love this time of year. The markets have not given way to anything, with long term bonds still trading in a tight range and short term rates having risen from Fed action. The leaves are changing colors and soon fall will give way to winter. But they won’t stop there.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) trillion in Agency mortgage backed securities. I believe that the stock markets believe that eventually the agenda will be accomplished.