Managers of Wealth Americas

BNP Paribas facing $10bn fine

BNP Paribas is facing a potential $10bn fine from the US Justice Department to resolve a criminal probe into allegations it evaded US sanctions against Iran

Deutsche Bank, Former Executives Sue Each Other Over Move

The unlawful actions by HPM and the employee defendants could best be described as an economic coup d’etat, which seeks to obtain DB’s critical client base as its spoils.

Ex-UBS Banker Lack Avoids Prison for 17-Year Tax Scheme

Lack is among about three dozen foreign bankers, lawyers and advisers who have been charged since 2009

Anti-Money Laundering Violation Charges Could Have Short-Term Implications For Charles Schwab

These companies allegedly violated anti-money laundering laws by failing to identify the true beneficial owners of their accounts.

'Fabulous Fab' will not appeal fraud conviction

Fabrice Tourre, a former Goldman Sachs trader, misled investors on the sale of mortgage-linked securities

Obama administration asks top court to turn away Arab Bank case

Arab Bank said the judge’s ruling was forcing it to choose between running afoul of the U.S. court and violating bank secrecy laws in Lebanon, Jordan and other countries.

Hedge Fund Investors Rejecting Firms Over Transparency

An astonishing 89% of investors polled by Intralinks and Opalesque have declined to put money with at least one hedge fund due to transparency concerns.

Goldman, JPMorgan sued over zinc prices

A lawsuit filed on Friday alleges that Goldman Sachs Group Inc, JPMorgan Chase & Co, the London Metal Exchange and metal warehouse operators have conspired since 2010 to manipulate the price of zinc in the United States.

Seasoned Government lawyer joins leading global law firm

He joins from the United States Attorney's Office, Eastern District of New York (EDNY), where he was a Deputy Chief of the Business and Securities Fraud Section.

How paranoid should these senior BNP bankers in the U.S. be now?

Shares at the bank are down 4% this week and may fall more

Firm Charged With Insider Trading Ahead Of Sale To The Carlyle Group

The four Cohens and Topal agreed to settle the SEC’s charges by paying a total of more than $500,000

SEC Probes Schwab, Merrill in Money-Laundering Crackdown

U.S. regulators are investigating Charles Schwab Corp. and Bank of America Corp.'s Merrill Lynch brokerage over whether they are doing enough to learn about their clients' identities.

U.S. Said to Seek More Than $5 Billion in BNP Sanctions Case

U.S. authorities are seeking more than $5 billion from BNP Paribas SA to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran

More non-banks could be named 'too big to fail'

Top financial regulators are considering adding large mutual funds, hedge funds and private equity firms to the list of institutions that are officially “too big to fail,” and some of those money managers pushed pack this week.

US Asset Managers Overreacting to Risk Panel Review -Treasury's Miller

FSOC meeting to explore the activities and potential risks in the asset management industry

SAC’s Steinberg sentenced as insider probe winds down

The sentencing caps one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.

US prosecutors drop two more charges against Rajaratnam's brother

It was not immediately clear why prosecutors decided to abandon the additional counts

The rich are going to be heavily impacted by ongonig regulatory change

An international law firm network has canvassed its members to see what trends are predicted for the next 20 years.

Former UBS bankers denied new trial in muni bid-rigging case

A federal U.S. judge on Thursday denied a request for a new trial made by three former UBS AG bankers who were convicted of rigging bids to invest municipal bond proceeds.

Former Merrill Lynch securities broker among two in South Florida fined, suspended

FINRA said Imbertson placed hundreds of unauthorized trades on accounts

Legal, Regulation & Compliance