Managers of Wealth Americas

When rich men hurt each other's feelings

Billionaire Ronald Perelman and a top New York City art dealer have traded lawsuits over several artworks including a sculpture of Popeye by Jeff Koons.

Black Merrill brokers lose appeal over bias in bonuses

Bank of America spokesman Bill Halldin said the bank is pleased with the decision.

SEC Sues Hedge Fund Manager For Allegedly Hiding Losses

He allegedly claimed to manage $1.5 billion—and to have posted big returns—before he used the collapse of MF Global Holdings in October as an excuse to stop paying out redemptions, the regulators said.

HF Consultant Corgentum Opens SF Office

"Our new expansion will allow Corgentum to better serve investors on the West Coast by providing a valuable on-the-ground presence in multiple locations. Additionally, being closer to Asia, will allow us to further expand upon our existing Asia-based

Standard Chartered 'close to US settlement over money laundering claims'

The Treasury Department has approved an initial settlement that will also involve Manhattan's top prosecutor and the Department of Justice, the New York Times said.

Swiss fume at U.S. "hypocrisy" over whistleblower's payout

Many Swiss are fuming after a whistleblower, who helped prosecute Swiss bank UBS for helping rich Americans avoid taxes, was paid a record $104 million by U.S. authorities after being jailed for his own part in the affair.

UBS whistleblower awarded $104m

US tax authorities have awarded $104m (£65m) to Bradley Birkenfeld, the whistleblower in a major tax evasion case against UBS, the Swiss bank.

US files suit against UBS Securities

US regulators have filed a lawsuit against Swiss banking giant UBS, accusing it of misrepresenting the risk associated with mortgage-backed securities it sold to two federal credit unions.

U.S. Bars Ex-Credit Suisse Banker From Leaving

“Permitting the defendant to travel to his country of origin or residence would be an invitation to flee”

Bank of America Heist: Calif. bank manager kidnapped, strapped to bomb and used in robbery, police say

The bank manager told authorities she was held against her will since Tuesday night.

JPMorgan Said to Face Escalating Senate Probe of CIO Loss

The unit’s London staff lost at least $5.8 billion this year on the botched wagers, which were large enough to shift markets.

General Solicitations Permitted in Private Placement Offerings - SEC Proposes New Rules

The Proposed Rules, which are not yet final, would have the effect of increasing the flexibility for issuers, including hedge and other alternative investment funds, to solicit purchasers through general solicitation, but would also impose a more signific

SEC, CFTC charge manager who boasted success amid Madoff loss

"Reality seems to have finally caught up with him."

Herbert Smith takes on 15 further Chadbourne lawyers for US launch

The firm is still looking to recruit further fee earners for the anti-corruption and cross-border investigations piece of the practice, with a view to completing this by the end of the year.

Blow to RBS shareholders as US judge dismisses case

Royal Bank of Scotland shareholders who are threatening a £3.3bn lawsuit against the lender and its former directors have been dealt a blow after a US court dismissed similar allegations that the bank misled investors.

SocGen cooperating with U.S. in Libor probe

Oudea said he had not heard from French prosecutors about the case and declined to comment on developments in Switzerland, where authorities are also probing banks.

Libor probe claims Barclays executive and a trader

At least four former Barclays traders who worked under Pal in New York have drawn scrutiny from U.S. prosecutors and regulators in the investigation into the manipulation of the London interbank offered rate and related benchmark interest rates, according

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