Managers of Wealth Americas

Wife of banker who illegally made $1M for love child: ‘We all make mistakes’

She stood by her man

Barclays can keep $6bn Lehman assets, court rules

Barclays won court approval to buy much of Lehman's brokerage business four days after the US company filed for the largest bankruptcy in American history

Feds Want Prison For Undisclosed Offshore Accounts, But What's Willful?

The 69-year-old entrepreneur’s lawyers argued successfully that he should get off with probation and community service because of his age and good works.

Client In California Sues Barclays Over Dark Pool

Two months ago, New York Attorney General Eric Schneiderman began an investigation into the bank’s dark pools

US targets German bank over Zimbabwe diamond finances

The United States has placed a German financial institution under strict surveillance for clearing payments for Zimbabwe’s diamonds at the recent Dubai diamond tender, state media reported Sunday.

Ex-UBS broker accused of defrauding elderly in Ponzi scheme

The SEC’s investigation resulted from a broker-dealer examination of the firm

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

Legal, Regulation & Compliance