Managers of Wealth Americas

Ex-Ameriprise Hedge Fund Manager Pleads Guilty In Yahoo! Insider Case

Shah also pleaded guilty to one count of securities fraud.

Rajaratnam Prosecutor Joins Gibson Dunn

Another member of the team that prosecuted Raj Rajaratnam in the largest-ever insider trading case is heading to private practice.

JPMorgan Chase To Be Haunted By Change In Its Risk Measurements

The move, which allowed the bank to disguise the level of risk that the CIO was taking in its trading, could become a major focal point of investigations by the U.S. Securities and Exchange Commission and the FBI, for mer regulators said.

Former Baker & McKenzie Lawyer Pleads Guilty to Money Laundering

He was indicted in 2007 and accused of conspiring with officers at two companies, Xybernaut Corp and Ramp Corp, to commit a $55 million stock-fraud scheme.

SEC charges former Napfa chairman with defrauding clients

The SEC alleges that Spangler, 57, who was Napfa chairman in 1998, funneled the money into these private ventures despite telling clients that he would invest primarily in publicly traded securities.

JPMorgan's Dimon says will testify before Congress

U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress.

SEC Probes Role of Hedge Fund in CDOs

If the SEC were to file civil charges, it would be its first enforcement action against hedge funds related to CDOs

BofA tells judge MBIA split must be annulled

Robert Giuffra, a lawyer for Bank of America Corp and Societe Generale, made the argument in his opening statement in a case the banks brought against MBIA and the state insurance department to overturn the 2009 restructuring.

First FHFA suit against big banks togo to trial in fall 2013

Each case will be will be tried individually, U.S. District Court Judge Denise Cote wrote in an order Tuesday.

Council Wants Banks to Describe Efforts Made in Poor Areas

The city currently deposits money at 31 banks — among them JPMorgan Chase, Citibank, Bank of America, Capital One, Deutsche Bank, HSBC and Wells Fargo — chosen for their financial soundness and ratings by federal and state agencies.

Banks set to argue MBIA split was unreasonable

The banks are the only two plaintiffs remaining of 18 that sued MBIA and then-New York state Insurance Commissioner Eric Dinallo in 2009.

Swiss Say U.S. Tax Talks Continue as Newspaper Reports Failure

Swiss banks can’t agree on the terms of a settlement with the U.S., Tages-Anzeiger reported earlier today, without saying where it got the information.

UBS Exposes Its Frivolous Briefs In $21 Million FINRA Customer Arbitration

Claimants sought $7,000,000.00 in compensatory damages, $14,000,000 in punitive damages, interest, attorneys’ fees; costs; and expenses.

JPMorgan has $2 billion trading loss, reputation hit

JPMorgan Chase, the largest bank in the United States, said yesterday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.

Legislation would cut taxes for companies that move jobs to US

The bill, introduced by Congressman Bill Pascrell, D-N.J., and Sen. Debbie Stabenow, D-Mich., would provide a 20 percent tax credit to U.S. companies that bring jobs and business operations back to America, while ending tax breaks for companies that send

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