One of the Big Three ratings agencies, Standard & Poor’s Ratings Services, has reached a $58 million deal with the SEC, settling charges of “fraudulent misconduct in its ratings of certain commercial mortgage-backed securities,” officials say. The settlement of the case is likely to further erode the industry’s trust in the already tarnished ratings agencies,… Read More >>
NYC FinTech Lab Calls for Entries
New York’s FinTech Innovation Lab, co-founded by Accenture ACN and the Partnership Fund for New York City, is now accepting applications for its fifth annual, 12-week program to “help early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives,” according to the Lab’s… Read More >>
Eric Cantor Lands Job at Moelis & $800K
Former House Majority Leader Eric Cantor has joined boutique investment bank Moelis & Co. as a vice chairman and member of the board, and will receive an $800,000 windfall, according to a filing with the SEC. Cantor will receive a base salary of $400,000 and an initial cash payment of $400,000, along with $1 million… Read More >>
Celebrating FinTech Innovation
Barring the unforeseen, our magazine supplement detailing winners of the FTF News Technology Innovation Awards for 2014 will be online soon. We’re featuring profiles of the fintech providers in attendance for the gala presentation and insights from the individuals recognized for their major contributions. To complete the package, we have photos from a perfect cruise… Read More >>
