Managers of Wealth Americas

Why Fed Rate Increases Are Hitting All at Once

Tighter credit and the rising cost of deposits are squeezing banks — and the wider economy.

Wells Fargo loses bid to shake Mormon Ponzi scheme class action

The order on Saturday involves the 2022 arrests of Jeffrey Judd and lawyer Matthew Beasley who federal investigators say ran a $500 million Ponzi scheme that scammed over 900 victims.

Panama sees limited risk from US, European bank problems

At the end of last year, Panama's national banking system reported a capital adequacy ratio of 15.34% and liquidity ratio of 57%.

SVB Financial Group Commences Chapter 11 Proceeding to Preserve Value

Strategic Alternatives Process for SVB Capital and SVB Securities Operations Underway with Significant Interest

Ex-Wells Fargo exec who pushed bankers to open fake accounts will plead guilty.

The plea agreement calls for Tolstedt to serve up to 16 months in prison.

Jes Staley set to be deposed in JPMorgan lawsuits over Epstein ties

Ex-banker has been sued by his former employer in an attempt to recoup any damages it might pay in the cases

Comply Partners with Advyzon to streamline compliance workflow efficiencies for wealth managers

Three strategic integrations with RIA in a Box's MyRIACompliance software creates first-of-its-kind reporting and filing solution

U.S. Quasi-Sovereign Wealth Fund Known as the Exchange Stabilization Fund to Provide Backstop for Bank Term Funding Program

The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP)

More financial cracks emerge from rate hikes

U.S. authorities have acted quickly to help prevent wider contagion by protecting depositors from the bank failures.

Signature Bank is the Next US Bank to Fall After SVB

Signature Bank had 40 branches across the country in New York, California

After SVB failure, US acts to shore up banking system confidence

Writing by Megan Davies, Alexander Smith, Leslie Adler, Simon Lewis and Vidya Ranganathan; Editing by Deepa Babington, Heather Timmons, Diane Craft, Leslie Adler, Sam Holmes, Elisa Martinuzzi and Catherine Evans

JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of Pay

The bank’s court filings demand Staley hand over all of his compensation from 2006 through 2013 — a figure surpassing $80 million.

American Banking Giant JPMorgan Is Cutting Ties with Gemini

Over the years, the exchange has broadened its operational reach and expanded its service offerings.

JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits

Bank says its chief executive had no knowledge of decision to keep convicted sex offender on as a client

TD Agrees to Settle Stanford Matter

TD provided primarily correspondent banking services to Stanford International Bank Limited and maintains that it acted properly at all times.

JPMorgan says it is not liable for top banker's ties to Jeffrey Epstein

Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment.

Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit

The lawsuit claims Staley had a close personal relationship with Epstein and that emails between the two "even suggest that Staley may have been involved in Epstein's sex-trafficking operation".

SEC Charges Former Advisor for Fraudulently Using Client Assets as Collateral

The commission claims Joshua Coleman raised more than $200 million in loans, opening multiple lines of credit and using clients’ funds without permission.

Finra arbitrators order Credit Suisse to pay $1.3 million to former rep

The Swiss firm loses another dispute over deferred compensation related to the 2015 closure of its U.S. wealth management operation.

Ex-Wells Fargo executive accuses superior of rape and bank of slow-footing investigation

The accusations represent another negative mark for a bank that has faced numerous federal inquiries into its practices.

Legal, Regulation & Compliance