By Michael Macaluso The decision to stand behind uninsured deposits by the Fed, Treasury, and the FDIC announced on Sunday, March 12, I believe was necessary and correct. It has been probable since the aftermath of Lehman Brothers, however, that any reasonably large systematically connected depository institution (and some non-depository institutions) could potentially trigger a […]
March 12, 2023
By Michael Macaluso On March 10, 2023 the California Department of Financial Protection & Innovation declared Silicon Valley Bank (“SVB”) insolvent and appointed the FDIC as receiver. Simultaneously, the FDIC created the Deposit Insurance National Bank of Santa Clara to facilitate access to SVB deposits insured by the FDIC. For those of us who worked through […]
May 5, 2020
by Todd R. Vollmers, Macaluso LLP Are You Standing on Quicksand? Companies that do business internationally or rely on a global supply chain (either directly or indirectly), should continue to expect and be prepared for far-reaching and unique challenges arising out of the global pandemic caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which […]
October 24, 2018
Interview with Lehigh University’s Acumen Magazine, Fall 2018 Edition. Link to Article acumen Banking on a Bottom Line Following success in global law, Michael Macaluso starts a company to make money by solving problems like world hunger and heart disease By Weld Royal ’88 Not long after Richard Nixon’s historic 1972 trip to China, […]
July 2, 2017
Written by Todd R. Vollmers, Managing Director, Global Access CSG There has been increasing interest in trends pertaining to China, particularly given its relatively new role as the world’s second largest economy and growing importance to international trade and the global economy. Since 1978 (when China began instituting political reform making it more open) according […]
June 6, 2016
Mary Meeker’s much anticipated 2o16 Internet Trends report sporting 213 slides and delivered by her in under 30 minutes is now available on the Kleiner Perkins website. Click here to read.
June 4, 2016
As many financial institutions, particularly banks are exiting or scaling back their participation in certain parts of the capital markets value chain, or deciding not to enter others, an array of old and new players is stepping in to compete for those revenues. BCG provides significant insight on the issue in a recent article entitled “How Value Is Shifting in the […]
May 6, 2016
The following chart shows consolidation of the U.S. banking sector roughly from the early 1990s to 2010 which led to four major banks. There are other similar stories in banking and particularly colorful stories in investment banking. Also, there already was significant consolidation before the early 1990s. Still the chart is impressive in the story it tells through a single picture. Interestingly […]
February 4, 2016
Michael Macaluso: Global finance and legal expert Law & Life Vol. 2, July 16, 2015, cover story Michael J. Macaluso, whose Chinese name is: 马鲁索. Interview translated from the original Chinese. He is the chairman and General Counsel of Global Access and a former Partner in finance, capital markets, and investment funds at DLA Piper. He has successfully […]
May 30, 2015
Are there new rules for how to approach corporate strategy? In an interesting and at times provocative piece, Helen Rosen of Global Access and Sigvard Bore of Pactera Technology, a consulting subsidiary of The Blackstone Group, make the case in “Think AND Do…The Need for Continuous Strategy”, which can be downloaded here: Continuous Strategy. The authors note that the […]
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March 13, 2023
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