Managers of Wealth Americas

Baker & McKenzie rakes in $2.62 billion in revenue

Several practices bolstered revenue: banking and finance, capital markets and M&A, antitrust, employment, intellectual property and trade and commerce.

JPMorgan, Citigroup Among Banks Sued in Aussie Rate-Fix Case

The class action, filed in the U.S. District Court for the Southern District of New York, claims the banks sought to fix the bank bill swap rate, the local equivalent of Libor, which is used to price billions of dollars of floating-rate bonds and syndicat

Deutsche Bank whistleblower rejects award because SEC 'went easy' on execs

We brought all of the charges supported by the evidence and the law, which were unanimously approved by the Commission.

MetLife Will Fight Regulators' Arguments That It's 'Too Big to Fail'

The designation, created in the 2010 Dodd-Frank Wall Street reform law, can put companies under additional regulation and force them to hold more capital.

The CEO of mega-bank Citi is caught between regulators and shareholders

But Citigroup may be the best example of how the Fed's efforts to make the banking system safer are tying management's hands and frustrating shareholders.

Lawsuits Against Banks Over Hidden Accounts Expand US Tax Collections

In many cases, she said, tax evaders come forward to avoid criminal prosecution.

Big four banks sued by US hedge funds over rate rigging

This blows a hole in the argument put by the banks that this was a victimless act.

The Pension Protection Act: 6 Things to Know After 10 Years

No one can predict the future. The financial crisis of 2008 hit right as the more stringent funding rules ‎of the PPA became effective.

Lawsuit Alleges Banks Manipulated Australian Rate

Accusations echo those by Australia’s securities regulator

The DOJ’s Swiss Bank Program – Lessons Learned and the Road Ahead

The Program provided Swiss banks with a way to resolve potential liabilities in the US for tax-related criminal offenses and be protected from prosecution.

Steven Cohen Barred From Commodities Until 2018

He wasn't fined under the agreement, and neither admitted nor denied the SEC's allegations.

Law firm billing rates increase along with revenue; productivity is down

Billing rates increased an average of 3.2 percent in the first half of the year, while timekeeper hours increased by only 0.3

Former Goldman Sachs Trader Settles Fraud Charges

The SEC’s order finds that Chin’s misconduct began in 2010 and continued until he left Goldman in 2012.

MetLife goes for broke in latest SIFI case filing

The company filed its brief on Monday in the U.S. Court of Appeals for the D.C. Circuit

We now know who blew the whistle on Visium Asset Management

A former trader at the firm, Jason Thorell, approached the government, according to a Bloomberg News report out Monday morning.

D.C. appellate court rejects challenge to SEC administrative proceedings

The court first concluded that the SEC ALJ position met the threshold requirements of the “significant authority” test—the relevant position was “established by Law” and the position’s “duties, salary, and means o

Compliance concerns drive more hedge fund business decisions

Survey findings suggest that hedge fund managers overwhelmingly expect increases in compliance spending to continue over the next two years.

New FASB guidance: Compliance made easy By: Joshua Brown, SS&C

“The new standard addresses concerns from a wide range of our stakeholders, including financial statement preparers and users, that the existing incurred loss approach provides insufficient information about an organization’s expected credit l

US hedge fund manager charged with fraud

The conspiracy charge carries a maximum term of five years in prison.

NC lawmakers split on whether to bring back Depression-era banking law

While both parties included Glass-Steagall provisions in their platforms, it hasn’t been a major issue on the campaign trail for Trump or Clinton.

Legal, Regulation & Compliance