Managers of Wealth Americas

SEC investigated its own 'London Whale' leak

The SEC conducted a dragnet to determine who in the agency allegedly leaked information about a JP Morgan "London Whale" settlement, CNBC has learned.

U.S. judge slaps $1.3 billion fine on Bank of America

The jury found that Countrywide executives deliberately misrepresented the quality of mortgages being sold.

Ex-UBS Banker Weil Seeks Video Testimony From Overseas

Former UBS AG banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel to the U.S.

Hedge Fund Prosecution Specialist Joins NY Law Firm

The Chief of the Securities and Commodities Fraud Task Force and the prosecutor who took down Raj Rajaratnam, the billionaire head of the Galleon Group hedge fund, has joined NY law firm Ropes & Gray.

Financial Incentives for Whistleblowers - FCA

This note sets out our agreed conclusions.

'Deutsche Bank, Barclays to have monitors'

New York's banking regulator is seeking to place government monitors in the US offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said. The New York Departmen

Ex-Harbinger COO settles SEC claims he aided fraud

The former chief operating officer of Philip Falcone's hedge fund Harbinger Capital Partners has agreed to pay $200,000 to resolve charges he aided a scheme to misappropriate fund assets

UBS says cooperating with U.S. inquiries about dark pools

Credit Suisse, one of the biggest players in dark pools, said last week the bank was working with regulators to stamp out potential abuses in the alternative trading venue.

Ex-Harbinger COO settles SEC claims he aided fraud

The settlement papers were filed in U.S. District Court for the Southern District of New York and must be approved by the court.

Citigroup Unit Pays Record Fine Over Alternative Trading System

According to the SEC’s order instituting a settled administrative proceeding, LavaFlow allowed an affiliate operating a technology application known as a smart order router

What US does with billions in bank fines

Some are earmarked for specific purposes while various departments and officials haggle over the rest

Deutsche Bank, HSBC Accused of Silver Fix Manipulation

Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.

Swiss banks face lower fines than feared in U.S. tax case- paper

The banks are not required to hand over client names as part of the deal, but must commit to handing over information which will help U.S. officials set up judicial aid requests to pursue tax dodgers.

Barclays attempts to have 'dark pool' fraud lawsuit thrown out of court

The British bank files rebuttal to serious allegations made by New York Attorney General over promotion of its electronic trading platform

Morgan Stanley to Pay $275 Million for Misleading Investors in Subprime RMBS Offerings

The SEC charged Morgan Stanley with violations of Sections 17(a)(2) and (3) of the Securities Act of 1933.

Hedge Fund Chief Testifies at Senate Tax-Avoidance Hearing

On an unlevered basis, our models produce modest returns with very low volatility

Ex-Merrill Chief Steffens Cleared by Jury for Madoff Loss

The Goldensons claimed New York-based Spring Mountain invested money in a Madoff feeder fund without their knowledge, resulting in losses. The couple sought the return of $4.8 million plus damages for mental anguish.

Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law

A hedge fund is joining the legal fight against Puerto Rico's new debt-restructuring law

Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said

An examination by the Federal Reserve Bank of New York found that Deutsche Bank AG 's giant U.S. operations suffer from a litany of serious financial-reporting problems that the lender has known about for years but not fixed

Ex-Evercore Banker Says Inside Trades for Child Support

“Mr. Hixon’s actions were a misguided expression of love and support for his younger daughter, whom he desperately feared losing,” his lawyer, William F. Johnson, argued in a July 18 filing in Manhattan federal court.

Legal, Regulation & Compliance