Financial services
Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of Ocean Village Square, a 60,631-square-foot shopping center in New Smyrna Beach, Florida, for $8.4 million. The center, located at 4154-4198 S. Atlantic Ave., sits on 8.68 acres and features a mix of
Financial services
The Department of Financial Services, Ministry of Finance, convened a two-day workshop to implement the Reservation Policy for public sector banks, insurance companies, and financial institutions. The workshop aimed to improve accessibility of financial services to Divyangjans and enhance the ability of officials to serve the community better. Senior functionaries
Financial services
The Financial Conduct Authority (FCA) has outlined its efforts to use data and technology to combat financial crime and protect consumers in its annual report. Key developments include the suspension, removal, or blocking of over 1,600 websites suspected of promoting unauthorized financial services, as well as the removal of
Financial services
State Department Federal Credit Union (SDFCU) marked its 90th anniversary with a celebration that brought together its members, community leaders, and employees to reflect on its enduring mission. The event featured the grand reopening of the newly renovated Alexandria branch, showcasing SDFCU's continued investment in its members and
Financial services
Nevada's credit unions have achieved a significant legislative victory with the signing of Senate Bill 375 into law by Governor Joe Lombardo. This update to the state's credit union statutes modernizes the regulatory framework, empowering state-chartered credit unions to better serve their members and remain competitive
Financial services
The New York Department of Financial Services (DFS) has taken decisive action against Block, Inc., the parent company of Cash App, for significant failures in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. As a result, Block will pay a $40 million penalty and retain an independent monitor
Financial services
As the global economy recovers from the pandemic, various sectors are emerging as frontrunners, driven by technological advancements, governmental policies, and shifting consumer preferences. Nuvama, a prominent brokerage firm, has identified Tata Consultancy Services (TCS), Hyundai Motor India, Bharat Electronics, and Data Patterns as its top picks across the IT,
Financial services
Fi3 Advisors, a fee-only Registered Investment Advisor (RIA), has announced a strategic partnership with Opto Investments to simplify private markets investing and servicing for high-net-worth families and executives. This partnership will enhance Fi3's private markets program, enabling the firm to centralize performance data for end-client reporting, simplify private
Financial services
Ripple, a US-based digital asset infrastructure provider, has partnered with The Bank of New York Mellon Corp. (NYSE: BK) to custody its Ripple (RL) reserves. The joint effort aims to bridge the gap between traditional finance and the crypto ecosystem, enabling institutional-scale digital asset adoption. Ripple's RL is
Financial services
Pursuing professional designations in the financial industry is a complex and often bewildering process for both advisors and consumers. In an attempt to simplify things, the Ontario government has approved a list of certain designations for professionals to call themselves "financial advisors" or "financial planners." However,
Financial services
The US Securities and Exchange Commission (SEC) has imposed a $160,000 penalty on Eric Cobb, a former South Carolina-based investment adviser representative, for engaging in a long-running fraudulent trade allocation scheme commonly referred to as "cherry-picking." The scheme involved Cobb disproportionately allocating profitable trades to his personal
Financial services
GreenSky Home Improvement Issuer Trust 2025-2 ("GSKY 2025-2") has been assigned preliminary ratings by Kroll Bond Rating Agency, LLC (KBRA) for five classes of notes totaling $681.009 million. The securitization is collateralized by a pool of approximately $750 million consumer loans used for home improvements originated by
