The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.'s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her role in allegedly misleading investors about the success of the Community Bank, Wells Fargo's core business.
OneID, the UK-based digital identity company, has today announced it has teamed up with HR tech and fintech firm, Avvanz, to enable frictionless employee screening and onboarding using identity technology.
Gulf Binance Co., Ltd., (“Gulf Binance”), has been granted digital asset operator licenses by the Thailand Ministry of Finance through the Securities and Exchange Commission (“SEC”) in Thailand. Gulf Binance is a joint venture between Binance and Gulf Innova Co., Ltd. (“Gulf”) following a 2022 agreement between the two organizations to set up a digital asset exchange in Thailand. Having secured these licenses, Gulf Binance will be able to operate as a digital asset exchange and digital asset broker and is set to launch in Thailand in the fourth quarter of 2023.
The European Systemic Risk Board (ESRB) has today published a report outlining the systemic implications of crypto markets and proposing policy options to address the risks stemming from crypto-assets and decentralised finance (DeFi).
Superintendent of Financial Services Adrienne A. Harris announced today that OneMain Financial Group LLC (“OneMain”) will pay a $4.25 million penalty to New York State for violations of DFS's Cybersecurity Regulation (23 NYCRR Part 500).
Swedish credit scoring platform Qred is to become Europe's newest bank, having been granted a full banking licence by the country's financial regulator.
