Managers of Wealth Americas

Merrill Lynch $160 Million Race-Bias Accord Goes to Judge

The settlement, which would end an eight-year legal battle if approved, is the third biggest in U.S. race-bias litigation.

OppenheimerFunds settles crisis-era muni fund lawsuits for $89.5 mln

Shareholders said the losses were exacerbated because of the funds' failure to follow their rules, leaving them vulnerable to a credit crisis.

Libor Rate-Probe Spotlight Shines on Higher-Ups at Citigroup, Other Banks

My actions were entirely consistent with those of others at senior levels" in Citigroup Japan

PwC and KPMG audits fall foul of PCAOB

According to the PCAOB's report on PwC, the board found significant deficiencies in 21 of the 52 audits it inspected

Bank of America may face civil charges from DOJ

The SEC is also considering filing civil charges against Merrill Lynch

Executive Excess 2013, "Bailed Out, Booted, and Busted"

IPS releases 20-year review showing that nearly 40 percent of America’s top-paid CEOs are not so great at their jobs.

World's top banks on track to meet tougher capital rules

The rules, known as Basel III, are the main global response to undercapitalized banks

Bakers unveils record results for 2012/13 with revenue topping $2.4bn

The chairman of Bakers’ executive committee Eduardo Leite said revenue growth had been steady across all of the firm’s regions, while the positive financial results reflected both organic growth and expansion into new offices in Casablanca, Li

JPMorgan’s former “London Whale” supervisor arrested in Spain

JPMorgan is battling to salvage its corporate image amid a swirl of litigation and investigations in the wake of the financial crisis

J.P. Morgan faces fine of $6bn over mortgage sales - reports

A fine on that scale would be its single biggest penalty and one of the largest post-crisis settlements by any bank.

Merrill Lynch to pay $205m to settle racial bias lawsuit - NYT

The preliminary settlement was confirmed to the newspaper by a spokesman for Merrill Lynch

Details surface of US Justice, Swiss banks deal

Details are emerging of the deal worked out for a settlement between the US Department of Justice (DOJ) and Swiss banks.

U.S. Dismisses Thousands of Claims Against Arab Bank

Jordan’s largest lender, the Arab Bank, announced this week that a New York federal court dismissed more than 90 percent of the claims in a long-running lawsuit

Conyers advises Third Point Reinsurance Ltd. on US$275 million IPO

Conyers Dill & Pearman provided Bermuda legal advice to Third Point Reinsurance Ltd

Dubai court dismisses Kuwaiti Sheikh's $21 million claim against UBS

The case highlighted the complexity of doing business in the Gulf

Two Shreveport businesses guilty of money laundering, wire fraud, tax evasion

The defendants’ scheme revolved around the sale and financing of used and new vehicles to individuals who derived Read more: ZacharyToday.com - Two Shreveport businesses guilty of money laundering wire fraud tax evasion

Private Equity Funds Potentially Liable for the Pension Obligations of their Portfolio Companies

This was a case of first impression for the First Circuit. Two conditions were present that led to liability under Title IV for the private equity fund in this case.

UBS Financial Services Agrees To Pay $4.58 Million To Settle A Multi-State Investigation

UBS Financial Services, Inc. has agreed to pay $98,184.84 in civil penalties to the New Jersey Bureau of Securities

U.S. top court dismisses shareholder case against UBS

The high court had been due to rule on the case in the term starting in October

Billionaire Blavatnik Wins $42.5 Million JPMorgan Award

Billionaire Leonard Blavatnik won a $42.5 million breach of contract award against JPMorgan Chase & Co. over claims the bank stuffed a fund with risky mortgage securities and lost 10 percent of his $1 billion investment

Legal, Regulation & Compliance