To print this article, all you need is to be registered or login on Mondaq.com.
Marijuana possession and recreational use were legalized in New
York, the banking capital of the United States. This has
banks and other financial services companies asking whether it is
now legal to provide financial services to marijuana-related
businesses. Is it really possible that you can smoke it, but
you can't bank it? In this video, Jeffrey Alberts, co-chair of Pryor
Cashman's Financial Institutions Group, discusses the current
state of the cannabis banking law, changes to expect in the coming
year, and what financial services companies can do now to prepare
for these legal developments.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
The latest round of revisions to Form PF made a stealthy arrival, with the SEC announcing in mid-February that it adopted the updates without an in-person vote.
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Because banks receive favorable capital treatment when a credit facility's tenor is shorter than one year, lenders increasingly offer financing with 364-day tenors and uncommitted extension option terms of up to 364 days.
Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
In its final Private Fund Adviser Rules adopted last year, the SEC dropped one of the more controversial proposed rules—the proposal to prohibit contractual exculpation or indemnification...
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.