Managers of Wealth Americas

Proposed Anti-Inversion Regulations Would Affect Foreign Insurers

For decades American companies have used so-called “corporate inversions” to lower their tax burdens on foreign-earned income.

Hogan Lovells Announces 24 Promoted to Partnership and 41 Promoted to Counsel, Of Counsel and Consultant

The global law firm includes more than 800 partners in offices across Africa, Asia, Europe, the Middle East, and the Americas.

Financial adviser sentenced for stealing from elderly

A Bellingham tax and financial adviser convicted of stealing $255,000 from 26 elderly clients has been sentenced to 51 months in prison

Why luxury agents must understand the EB-5 visa

It is credited with creating 49,000 jobs and more than $6.8 billion in new investment.

JPMorgan settles 'Bandits' Club' currency price rigging lawsuit in US

The largest US bank became the first of 12 to settle a lawsuit alleging that America’s biggest financial institutions fixed prices for major currencies and bragged all the while via instant messages and emails

Why Chicago law firms are learning Mandarin

The city's second-largest firm, Sidley Austin, has hired 10 lawyers in Chicago who speak either Mandarin or Cantonese and 130 across the firm. But it's not enough.

Time to change direction on tax extenders

The message is clear: inversions must stop, corporate tax avoidance must end, and special corporate loopholes must close.

Ambac sues Bank of America over Countrywide mortgage bonds

Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68bn

Financial Regulators and Congress Remain Inconsistent

Eleven banks presented unsatisfactory living wills.

Paraguay finance minister quits, central bank highflier tapped

Two sources in the finance ministry said Rojas was leaving, while another official in the central bank said he understood Rojas was stepping down for personal reasons.

The legend of the unsinkable ship – A lesson in risk management for corporates

The demise of celebrated global investment banks Bear Stearns and Lehman Brothers previously regarded as “too big to fail” during the global economic recession of 2007-2009 was rather synonymous with sinking of the Titanic.

SAC’s Steinberg Appeal Delayed as U.S. Weighs Challenge

SAC Capital Advisors LP hedge fund manager Michael Steinberg’s appeal of his insider trading conviction was further delayed by a court as the government decides how to respond to a ruling that upended guilty verdicts in two related cases.

High-level Fed committee overruled finding on Goldman

A committee that includes senior Federal Reserve officials reviewed and overturned a bank examiner's finding that Goldman Sachs lacked a firm-wide policy to prevent conflicts of interest

No More Regulatory Nice Guy for Banks

For banks, 2014 was the year of penalties

California judges sue Calpers pension system over contributions

The six, who were elected in 2012, claim a pension reform law signed by Governor Jerry Brown

Itaú, Corpbanca deal passes another regulatory hurdle

The deal has also received regulatory approval in Brazil

SEC Accuses Fund Managers of Diverting $4.4 Million

Three Fund Managers Allegedly Used Client Money to Prop Up Side Business

SEC Provides Guidance on Key Employee Trusts Under Family Office Rule

The SEC Division of Investment Management recently provided guidance on whether certain key employee trusts would qualify as family clients under the rule.

Israel's Bank Leumi gave the U.S. data on former customers

Leumi also agreed to pay $400 million to settle two separate investigations into whether it helped its American clients evade U.S. taxes.

Credit Suisse Bank Faces $10 Billion Lawsuit Over Pre-2007 Mortgage Fraud

The legal wrangling isn’t entirely over

Legal, Regulation & Compliance