Managers of Wealth Americas

Bitcoin exchange joins HSBC in money laundering for drug sales

HSBC was found to have laundered over $670 billion over the course of four years, and this makes BitInstant's total amount pale in comparison.

SEC Charges Legg Mason Affiliate With Defrauding Clients

Cross trades serve a legitimate purpose and benefit both parties when done appropriately

State Street Chief Complains About Volcker, Regulatory Costs

The uphill climb banks face in addressing and paying for regulatory issues has proved steeper than State Street chairman and chief executive Joseph Hooley anticipated.

KPMG to settle SEC charges for $8.2 mn

US accounting firm KPMG violated rules aimed at maintaining auditors’ independence from their clients and will pay Rs 8.2 million to settle the charges

Bank of America’s trading practices come under probe

The disclosure on the FINRA site doesn’t specifically accuse Bank of America of any wrongdoing.

Accused Hedge Fund Fraudster Arrested In Colombia, Indicted In N.Y.

Prosecutors said he collected money from friends and former classmates for a hedge fund, but used the money to cover personal expenses, as well as to make Ponzi-style payments to investors.

Judge Says Goldman Must Face CDO Suit

Class-Action Suit Alleges Bank Defrauded Investors

Leading law firm launches new Operational Intelligence Group

Operational Intelligence Group set up in anticipation of more global risk and regulatory changes

JPMorgan CEO Jamie Dimon Cries that $13bn Mortgage Scandal Fines Were 'Unfair'

JPMorgan's chief executive Jamie Dimon hit back at the US government for a raft of 'unfair' fines related to the mortgage securities scandal that ended up costing the Wall Street giant billions of dollars in settlements.

Former Oppenheimer Fund Manager Agrees to Settle Fraud Charges

Investors rely on truthful and complete disclosures about valuation methodologies and fund fees and expenses

Credit Suisse Settlement with U.S. Could Top $800 Million

Credit Suisse is one of about a dozen Swiss banks that are under criminal investigation by the U.S. for allegedly helping Americans evade taxes by using Switzerland's bank-secrecy laws to hide assets.

Proskauer appoints head of its tax practice

In the last 12 months alone, he advised on deals with an aggregate value exceeding $26 billion.

SEC issues ban on Big Four over China audits

The row over global audit firms in China has taken a new turn

U.S. Gears Up for Trial of Former UBS Executive Weil

Mr. Weil was arrested during a visit to Italy late last year and then agreed to be extradited to the U.S.

NY AG won't ask Bank of America for damages but Merrill case goes on

New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch & Co

US regulators still dissatisfied with HSBC

US regulators continue to find weaknesses in the way that HSBC Holdings tries to prevent money laundering

Supreme Court To Rule On Hedge Funds Targeting Foreign Assets

This is good news for countries around the world

Former Morgan Stanley wealth manager says sex tapes made with three women were accidentally recorded by camera meant to watch his dog:prosecutors

“I have this camera set up in my apartment to watch my dog when I'm not there,” John C. Kelly allegedly told prosecutors

Deutsche, Citi Face Forex Pressure

London office and that Deutsche Bank AG had suspended several employees as part of a sprawling investigation into practices by currency traders.

Regulators Say Banks Still Not Adequately Tracking Counterparty Risk

In the aftermath of the crisis, progress measuring counterparty risk remains uneven and unsatisfactory, according to the report of the Senior Supervisors Group, which is comprised of senior financial global supervisors.

Legal, Regulation & Compliance