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Silicon Valley Bank’s Collapse, Acquisition, and Affordable Housing: What’s Next?

Fordham Law News

While it is widely known that Silicon Valley Bank’s (“SVB”) collapse in early March wreaked havoc in the tech startup and life-science industries, many overlook one industry that took a major hit: affordable housing. [1] 16] In a recent development, First Citizens has acquired SVB and its mortgages and real estate loans. [17]

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The Magnitude of SVB’s Collapse

Fordham Law News

On March 10 th , 2023, Silicon Valley Bank (“SVB”) collapsed, marking the greatest bank failure since the 2008 recession. [1] 2] Its financial services allowed budding companies to lay a foundation and provide a good or service that could change the lives of Americans across the country. SVB’s collapse was a classic bank run. [5]

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Two Russian citizens face off at Supreme Court in international racketeering dispute

SCOTUSBlog

The question presented is complicated by facts that make this an unusual civil RICO lawsuit: Both Smagin and Yegiazaryan are Russian citizens; Smagin’s original claims were based on alleged frauds in Russia that do not violate the U.S. One shell company was allegedly created by his cousin but controlled by Yegiazaryan.

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Setting Up a US Branch of Your Foreign Company: Key Factors You’ll Need to Know

Chugh LLP

During this informative conversation, Chugh, LLP Partner and Attorney Jaymen Chavda discusses some of the most important factors to consider when setting up a branch of your foreign company in the United States. Only US citizens and green card holders may own S corporations. Setting up your company. Choosing an entity type.

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Catawba Indian Nation Passes Banking Code Intended to Attract Fintech Companies

Fordham Law News

Towards the end of April 2023, the Catawba Indian Nation passed a new Banking and Financial Services Code as part of the Tribe’s efforts to build a “Digital Economic Zone” that is tailored to attract banks and fintech companies to its small tribal reservation outside of Charlotte, North Carolina.

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Homeless, Young and in Trouble with the Law: ‘I Was Angry’

The Crime Report

He has held a seasonal job with a moving company. Four years into a five-year probation sentence that has kept him out from behind bars and several weeks before receiving his first-ever citation for violating that probation on Oct. Owens was the only person who Certain, also a meetings facilitator, saw Heath open up to and trust.

Laws 105
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Tech Innovation vs. Legislative Reform: Apple’s Response to the TCJA

Fordham Law News

5] Formed in the aftermath of WWII, the World Bank has tracked global trade and economic development since the 1950s. [6] 25] Physical offices with local officers and employees give the company legitimacy among local residents and officials, who enjoy a more familiar experience than dealing with operators in the U.S. [26]