Managers of Wealth Americas

New retirement account rules make it easier to tap savings early for emergencies

Hardship distributions from 401(k) plans hit an all-time high in October amid high inflation.

AMC CEO asks for salary freeze in 2023 as shares slump

Earlier this month, the company said it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split.

Congress just approved 401(k) and IRA changes that affect workers across generations

The legislation includes dozens of changes to retirement saving, according to the text of the bill, summaries of the provisions, and insight from retirement and financial experts.

7 enforcement trends and notable cases in 2022

That was the highest figure ever for the SEC, showing a 50% increase from the previous fiscal year.

The biggest bank M&A deals of 2022

The slump came at a time when U.S. regulators have taken a harder look at consolidation within the industry before approving major acquisitions.

Former Credit Agricole Trader Alleges Racial Bias at Bank

Jose Ruiz claims he faced ‘overtly racist’ comments at bank

Danske Bank Pays $2 Billion for Laundering $230 Billion. Barron’s Helped Expose It.

Of that fine, $640 million will go to Denmark’s prosecutor for special economic and international crime, and $1.2 billion to the U.S. Justice Dept.

BTG Capital Inc. Successfully Closes C$74.2 Million Inaugural Fund

BTG Capital also Announces the Appointment of Five Distinguished Industry Advisory Board Members and Senior Operating Partners

Blucora Announces Closing of TaxAct Sale

Company Plans to Return $400 - $450 Million of Capital to Shareholders through a $250 Million Modified Dutch Auction Tender Offer and Additional Share Buyback Authorization of up to $200 Million

Fundsmith Extends Transfer Agent Relationship with SS&C

We look forward to working with SS&C, the world’s largest transfer agency provider, to constantly improve our customer service.

Refinitiv contracts with Clarity AI for SFDR reporting tool

There will be a total of over 20 indicators mapped, including 16 mandatory indicators. Additionally, templated PDF reports will be available and can be accessed to ensure ease of reporting to the regulators.

Judge Allows Media To Press FTX To Reveal Creditors

FTX’s request was objected by the US Trustee, part of the US Department of Justice, who said that transparency «helps protect against impropriety in bankruptcy cases».

VI Asset Management appoints Apex Group for private credit fund administration

VIAM is an established asset management group with over US$11 bn of AUM across multiple asset classes and key business centres in Hong Kong, Singapore, and South Korea.

Danske Bank reaches coordinated resolutions with the US and Danish authorities regarding the Estonia matter

Under the SCU resolution, Danske Bank has agreed to accept a fine and confiscation for violations of the Danish AML Act and the Danish Financial Business Act.

FinTech & Banking: A Comprehensive Guide to Client Onboarding

Onboarding is an essential aspect of the process of combating money laundering and terrorism funding, and it is a critical component in the implementation of financial security measures.

Merrill Broker Clears Record of Tech Stock Claim Settled by UBS 20 Years Ago

The arbitrator Tracy L. Allen appeared to sympathize with Schwartz’s account of the events.

Top-Ranked UBS Broker Clears Record of Unsuitable Trading Claims

In the older of the two claims, the customers had alleged the advisor churned the accounts, and sought unspecified damages.

Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’

The BMA rejected its application on 30 September.

Mercer Advisors Buys $5 Billion RIA in Latest Deal

Mercer Advisors ranked among Barron’s Top 100 RIA Firms for 2022.

Grant Thornton names Digs with Dignity as its new Purple Paladin

Nonprofit provides furnishings to people transitioning from homelessness

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