Managers of Wealth Americas

Former UBS Banker Bagios Said to Plan Guilty Plea

Christos Bagios, a former banker at UBS AG and Credit Suisse Group arrested

Merrill Ordered to Pay Ex-Broker $1.2M in Flap Over Mishandled Sale

Merrill Lynch must pay roughly $1.2 million to a former broker who was wrongly blamed for mishandling a client's stock sale and fired, an arbitration panel ruled.

Deutsche Bank Faces Top Surcharge as FSB Shuffles Capital Tiers

Citigroup Inc., HSBC Holdings Plc and JPMorgan Chase & Co. join Deutsche Bank as firms that will be targeted for a capital surcharge of 2.5 percent, according to an updated list published yesterday by the Financial Stability Board.

Ex-Credit Suisse Broker’s Wife Can’t Have Assets, Judge Says

The money in question totals $736,060, according to court records.

Israeli banks demanding to see U.S. citizens' tax returns

Those who refuse to do so risk having their applications denied

Barclays faces further regulatory scrutiny as it braces for US fine

Barclays reports third-quarter loss as US authorities mull fine over energy trading and Middle East fundraising faces scrutiny

Barclays hit by fresh US investigations

Barclays, already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

Citigroup In Facebook Trouble, Morgan Stanley Said Probed

Massachusetts officials said Friday they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.

French prosecutor wants to question Madoff, UBS

France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.

US investigators probe 9 more banks on Libor

Lloyds Banking Group and eight other major banks have received subpoenas by the US state prosecutors as part of an investigation into alleged Libor manipulation, the Wall Street Journal reported.

IRS Extends FATCA Implementation Deadlines (For the Last Time?)

In response to continuing concerns raised by foreign financial institutions, the IRS has issued new guidance further delaying a number of the FATCA implementation deadlines in the form of Announcement 2012-42 (the “Announcement”), offering FFI

PwC US Releases 2013 Guide to Tax and Wealth Management

Wealth planning should be a family enterprise

Raymond James Chairman Calls For New Approach to Regulation

Raymond James Executive Chairman Thomas James said he is optimistic

Bank of America hit with $1B lawsuit over alleged mortgage fraud

The complaint accuses Countrywide, which BofA acquired in 2008

SIFMA Chair Calls For Improved Transparency, Risk Management

Raymond James executive Chet Helck called for a year of working to restore public trust and confidence

Global law firm launches cross-border listings app for Apple devices

The free app, available now on the App Store, is an interactive and robust legal tool designed to help investment bankers, CFOs, in-house counsel and other members of management as they consider global listing options.

FDIC closes bank in Florida raising total number of bank failures in 2012 to 44

The total DIF for failed banks this week is $36.1 million dollars

U.S. Prosecutors Want Corporate Crook Rajat Gupta Jailed For Ten Years

“Gupta held positions of extraordinary privilege and prestige,” said Assistant US Attorney Richard Tarlowe in a court filing Wednesday, according to the Wall Street Journal.

William Galvin goes after Putnam Investments

Massachusetts’ top financial cop cracked down on Putnam Investments yesterday

SEC Charges Hedge Fund Adviser and Two Executives with Fraud

Edward Schinik enticed pension funds

Legal, Regulation & Compliance