Managers of Wealth Americas

US moves toward legal action against Swiss bank-sources

Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging

US-based family offices starts the regulatory countdown

If any family offices are still unsure about their exempt status, they need to act soon: Nonexempt family offices have until March 30 to either register with the SEC or restructure to conform with exemption requirements.

After MF Global these financial firms are begging for more regulation

The endeavor has taken on an increased significance in the wake of MF Global's collapse and the disappearance of more than one billion dollars in customers funders.

CCH Reviews Changes Taxpayers Will See for 2011 Tax Season

Following are highlights of tax provisions that will impact the 2011 tax filing season.

SEC Raps Hedge Fund Manager For Inflating Assets

"We believe it's important to take action when an adviser is inflating assets under management in an attempt to attain clients," John Sikora of the SEC's Chicago office said.

The American Lawyer Names Gibson, Dunn as Litigation Department of the Year

Runners-up for the biennial prize, which is based on results in the two-year period ending last July, were Boies, Schiller & Flexner; Mayer Brown; O'Melveny & Myers; Sidley Austin; and Wachtell, Lipton, Rosen & Katz.

Bear Stearns trustee sues JPMorgan over mortgage securities

US Bank NA wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee.

U.S. charges 3 Swiss bankers in tax evasion case

U.S. prosecutors charged three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities.

Former Lloyds bosses to be sued over HBOS takeover

Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.

RBS, DOJ To End Deferred-Prosecution Agreement Over ABN Amro

More than $3.2 billion involving shell companies and high-risk transactions with foreign financial institutions flowed through the bank’s New York branch, according to court documents filed at the time.

MF Global Scrutinized on Money Move

The new details bolster claims that MF Global was careless with customer money, regardless of the company’s intentions.

Whistleblower dossier handed over in bank ‘fraud’ action

A mass of documents assembled by a whistleblower at Bank of New York Mellon have offered a glimpse into how the bank responded to allegations from US authorities that it defrauded customers of hundreds of millions of dollars.

Goldman Rethinks Business Model

Goldman Sachs has been forced to rethink its business model, as it has come under fire from regulators of late.

New U.S. tactic for suspected Swiss bank tax cheats

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.

Legal, Regulation & Compliance