Kansas bank commissioner to tighten screws on subsidiary of troubled Beneficient company

Kansas Bank Commissioner David Herndon recommended the Kansas Legislature withdraw a bank charter issued four years ago to a subsidiary of Texas-based Beneficient and to repeal the state law allowing comparable financial companies working in the illiquid-asset marketplace to apply for a charter. (Thad Allton for Kansas Reflector)
By Tim CarpenterKansas Reflector Company executives lobby legislators to retain confidence in asset-swap company TOPEKA — Kansas bank regulators informed legislators Thursday a corrective action…

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