Managers of Wealth Americas

JPMorgan 'in $13bn deal with US Justice Dept'

The tentative deal, the largest ever between the US government and a single company, does not release the bank from criminal liability for some of the mortgages

Morgan Stanley to Face Group Suit by Singapore Investors

A group of Singapore investors who lost money on $154.7 million in credit-linked notes were allowed by a U.S. judge to pursue their lawsuit against Morgan Stanley as a group.

HSBC Hit with $2.46-bln Judgment in U.S. Class Action

The judgment by U.S. Judge Ronald Guzman in Chicago was the largest in a securities fraud class action that went to a trial

Merrill Lynch agrees to settle race bias suit for $160M

The case worked its way through the federal court system for eight years—including two trips to the U.S. Supreme Court—before the parties agreed to settle it.

US joins UK in probing foreign exchange trades

THE US is set to join Britain’s regulators in investigating possible market manipulation in foreign exchange.

Deutsche Bank’s Jain Says FX Allegations Eroding Trust

Deutsche Bank AG Co-Chief Executive Anshu Jain, whose company is the world’s biggest trader of currencies

Bank examiner 'fired by Fed over critical report on Goldman Sachs'

Goldman Sachs has a comprehensive approach to addressing conflicts through firm wide and divisional policies and infrastructure

Most Highly Regarded Firms: Information Technology 2013

The firm’s depth of expertise is evidenced with listings spanning the breadth of its international offices.

Williams Capital Appoints Northern Trust for Mutual Fund Services

The appointment for mutual fund services extends a long-term strategic relationship between Northern Trust and the asset manager's parent company

Barclays Faces US Fine From Regulators Over Power Price Manipulation Charges

Scandal-hit UK bank to face $470m penalty and a handover from Ferc for allegedly manipulating electricity prices in California

HSBC unit takes fraud hit

The lender had earlier agreed to pay US$484 million in fines to settle claims lodged by more than a dozen state

SEC Sees Flaws in new Treasury Asset Manager report: sources

Federal securities regulators had warned of flaws in a U.S.

Shepherd Smith Edwards & Kantas LLP Continues Investigating Claims Involving UBS Proprietary Puerto Rico Bond Funds

UBS, the single largest and most influential brokerage firm in Puerto Rico, has recently begun to see devastating losses in many of its clients' accounts as a result of its proprietary bond funds.

Jefferies Ordered to Pay Ex-Employee's Costs in Fraud Case

Jefferies & Co. was ordered to pay expenses including legal fees of Jesse C. Litvak, a former Stamford-based managing director accused of defrauding customers on trades of mortgage-backed securities.

Controversial judge to play huge role in JPMorgan settlement

Judge Denise Cote doesn't conjure up a lot of warm and fuzzy feelings in Wall Street legal circles.

SEC Final Rules on General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings

The Jumpstart Our Business Startups Act 2012 required the SEC to amend its Rule 506 to permit general solicitation and general advertising in certain securities offerings

Creation of new global force in legal sector – one year on

October 1 2013 marks the first-year anniversary of Herbert Smith Freehills following last year's landmark full-equity merger, which was one of the largest ever in the legal sector.

J.P. Morgan lawsuit costs are growing, while Bank of America’s may be headed other way

The bank is aware that the cost is almost certainly mounting.

Algosaibi Strikes Deal With Fugitive Banker

AHAB announced yesterday that it had reached a settlement with American citizen Glenn Stewart

Report: Spain Will Likely Extradite The JP Morgan Trader Connected To The London Whale Debacle

Another day, another legal headline for JP Morgan.

Legal, Regulation & Compliance