Managers of Wealth Americas

UPDATE 1-Investors mull action against Ocwen Financial

A number of institutional investors including BlackRock Inc are considering the possibility of legal action against Ocwen Financial Corp over its mortgage servicing practices

BlackRock Shifts Advisory Focus to Bank Rules After Crisis

BlackRock Inc., which advised governments during the financial crisis on hard-to-value assets, is now focusing more on helping banks comply with new regulations

10-years prison for ex-Reno Bank of America financial adviser in $2 million fraud scheme

A former financial adviser with Bank of America in Reno has been sentenced to 10 years in prison on fraud and tax evasion charges as part of a scheme federal prosecutors say he used to defraud six people out of more than $2 million.

UBS Puerto Rico Faces Surge in Arbitration Claims

Puerto Rican investors are lining up for arbitration with UBS AG over losses when the commonwealth's bonds plunged last year.

Baker & McKenzie Elects New Partners and Professionals in North America

Throughout their tenure, these professionals have demonstrated a remarkable commitment to our clients and the Firm

PAM awards - International Tax And Estate Planning Law Firm Shortlisted

These recent distinctions highlight the firms strong leadership in tax and estate planning for high net worth international private clients.

Global law firm names Chicago Office head

She is a commercial litigator with a focus on the health care, pharmaceutical and life sciences industries. She has substantial experience in a range of federal, state, and administrative proceedings, including multidistrict and class action litigation

International law firm Expands New York Office

This adds to other strategic additions to the office in recent months.

SEC names new chief accountant in Enforcement division

He has led teams conducting complex forensic investigations in high-profile accounting, securities, and other fraud matters.

Former UBS banker to plead guilty in U.S. tax case, filing says

A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans

Nonprofit sues Justice Department over JPMorgan settlement

A public advocacy group filed a legal challenge Monday to block implementation of a record $13 billion civil settlement between Attorney General Eric Holder and Wall Street powerhouse JPMorgan Chase & Co.

Flexible solutions for those facing a US/Swiss planning conundrum - Withers

In this brochure, to illustrate the complex issues that can arise in this area, we have provided a case study of what one might, at first sight, assume to be a straightforward situation. In fact, and as we show, it is anything but.

Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed

The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.

Exclusive: UBS seeks first-mover immunity in U.S. currency probe - sources

Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing

Indian-American hedge fund boss in Bharara’s net

The verdict against Martoma followed a four-week trial and 15 hours of deliberation by the jury and has left Martoma facing a maximum of 20 years in prison on two counts of securities fraud and a conspiracy charge, although his final sentence may be close

Citigroup To Pay $110 Million After Lawsuit On Force-Placed Insurance

Following JPMorgan Chase and Assurant Inc.’s $300 million settlement last year, now Citigroup (NYSE:C) has been told to pay $110 million in a lawsuit to homeowners who were forced to pay expensive property premiums by the bank.

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

More Wall Street Investigations, More Wall Street Panic

No small degree of turmoil was unleashed in the currency trading community yesterday when it became known that Benjamin Lawsky, superintendent of the New York State Department of Financial Services, requested documents from more than 12 banks pertaining t

U.S. charges Swiss asset manager in offshore tax fraud case

Paltzer agreed to cooperate with prosecutors.

Demand, profits finally rebounding for New York law firms

The underlying demand should encourage locally based firms, said Dan DiPietro, chairman of Citi Private Bank's law firm group.

Legal, Regulation & Compliance