Today, the Justice Department announced the results of its ongoing efforts to combat fraudulent tax-return preparers and promoters of tax-fraud schemes. Taxpayers filed an estimated 142 million individual income tax returns for the 2011 tax year, with nearly 70 million taxpayers using a paid return preparer according to the Internal Revenue Service (IRS) Compliance Data […]
New York, — New York Life Investments announced today that it has completed its acquisition of Dexia Asset Management, a leading international asset manager, with management centers in Brussels, Paris, Luxembourg and its investment boutique, Ausbil, based in Sydney, for EUR 380 million. Dexia Asset Management joins New York Life Investments’ diversified family of investment […]
Bank of America Merrill Lynch, a global leader in payments, last week hosted a series of informational webcasts on key considerations for corporates as they enter the last stages of SEPA implementation. These webcasts are the latest in a series of initiatives – including client-facing sessions, forums and workshops – that the firm has generated […]
MCLEAN, VA- Freddie Mac (OTCQB: FMCC) released today its U.S. Economic and Housing Market Outlook for January showing that four of the key housing indicators are all moving in the right direction, which bodes well for an ongoing recovery. A short preview video, and the complete January 2014 U.S. Economic and Housing Market Outlook are […]
NEW YORK-A consortium of investment banks today announced their support of the Green Bond Principles – Bank of America Merrill Lynch, Citi, CrĂ©dit Agricole Corporate and Investment Bank, JPMorgan Chase, BNP Paribas, Daiwa, Deutsche Bank, Goldman Sachs, HSBC, Mizuho Securities, Morgan Stanley, Rabobank and SEB. These Principles were developed with guidance from issuers, investors and […]
Bank of America Merrill Lynch today announced a social impact partnership with New York State and Social Finance Inc. that resulted in a successful capital raise of $13.5 million to fund a new pay-for-success program. The offering proceeds provided by private and institutional investors will be used to fund a 5 ½-year program focused on […]
MINNEAPOLIS — December 20, 2013 We are continuing the process of reaching out to guests across a number of channels including traditional and social media. Also, we have begun notifying, via email, those guests whose emails we have and who shopped in our U.S. stores with a credit or debit card during the period of […]
Washington, DC — The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) today adopted revisions to its environmental procedures and guidelines governing high-carbon intensity projects, aligning the Bank with President Obama’s goal of reducing carbon pollution, while maintaining the Bank’s focus on continuing to help create and support American export-related […]
Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Volcker Rule”). The final rules prohibit insured depository institutions and companies affiliated with insured depository institutions (“banking entities”) from engaging in short-term proprietary trading of certain securities, derivatives, commodity futures […]
Washington D.C., Oct. 23, 2013 — The Securities and Exchange Commission today voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding. Crowdfunding describes an evolving method of raising capital that has been used outside of the securities arena to raise funds through the Internet for […]