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Results: 1-10 of 67

Lloyds Banking Group agrees to sell investment management unit to Bank of New York Mellon

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • August 12 2009

Lloyds Banking Group plc, which is approximately 43 owned by the U.K. government, today announced that it has completed a strategic review of its asset management businesses, and will sell Insight Investment Management Limited to Bank of New York Mellon Corp. for £235 million, consisting of £200 million in cash and £35 million in stock

U.K. Insurance Industry Working Group publishes report

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • July 28 2009

Yesterday, the U.K.’s Insurance Industry Working Group, which is co-chaired by the Chancellor of the Exchequer Alistair Darling and Aviva's Group Chief Executive Andrew Moss, published its report on the challenges currently facing the insurance industry

Bay Cities Bank assumes all of the deposits of Progress Bank of Florida

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 25 2010

On Friday, the Florida Office of Financial Regulation closed Progress Bank of Florida, headquartered in Tampa, Florida, and appointed the FDIC as receiver

House Financial Services Committee holds hearing on regulatory reform

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 27 2009

Yesterday, the House Financial Services Committee held a hearing entitled "Addressing the Need for Comprehensive Regulatory Reform," to discuss in general terms the administration’s plan for regulatory reform

House Judiciary Committee holds hearing on fraud protection

  • Alston & Bird LLP
  • -
  • USA
  • -
  • April 8 2009

On April 1, the House Judiciary Committee held a hearing entitled "Proposals to Fight Fraud and Protect Taxpayers," to discuss a number of proposed bills intended to protect taxpayers from financial crimes and fraud

European Commission approves UK Homeowners Mortgage Support Scheme

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • April 21 2009

The European Commission has approved under EC Treaty state aid rules the UK Homeowners Mortgage Support Scheme, which will allow households that are unable to meet their monthly mortgage payments to defer the principal and up to 70 of their mortgage interest payments for up to two years

European Commission considers Market Abuse Directive

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • April 21 2009

Earlier this week, the European Commission announced that it was soliciting public comment (termed a "call for evidence") in connection with its review of the Market Abuse Directive

European Commission approves extension of Finnish financial market stabilization program

  • Alston & Bird LLP
  • -
  • European Union, Finland
  • -
  • May 1 2009

The European Commission has approved under EC Treaty state aid rules an amendment to prolong the plan to stabilize the Finnish financial markets by providing guarantees on the debt issued by certain eligible banks

European Commission approves Czech temporary aid plans

  • Alston & Bird LLP
  • -
  • Czech Republic, European Union
  • -
  • May 7 2009

The European Commission has approved, under EC Treaty state aid rules, two Czech plans to provide relief for companies during the current economic crisis

House Subcommittee on International Monetary Policy and Trade holds hearing on implications of the G-20 leaders summit

  • Alston & Bird LLP
  • -
  • Global, USA
  • -
  • May 13 2009

Today, the International Monetary Policy and Trade of the House Financial Services Committee held a hearing entitled "Implications of the G-20 Leaders Summit for Low Income Countries and the Global Economy," to discuss how the decisions made at the G-20 Leaders Summit will be given effect