Managers of Wealth Americas

Federal Reserve Board invites comment on proposed rule to govern funds transfers over FedNow

The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023.

Banker Flew Jet to U.K. and Found Cops Waiting With U.S. Charges

Peter Weinzierl wanted by U.S. on money laundering allegations

LIBOR Cessation: Investment Managers Look to the Future

It isn’t controversial to suggest the transition away from LIBOR will have a significant impact on operational workflows.

A key US watchdog wants officials to set up a ‘regulatory perimeter’ for cryptocurrencies

Officials around the world worry that the crypto boom is sucking in amateur traders who could get badly burned.

Americans Abroad Feel Neglected by U.S. Government and Overburdened by Taxes

The majority of ex-pats (69%) object to the US’s strict citizenship-based taxation rule, which requires US citizens to pay taxes on their worldwide income no matter where they live or work.

Walkers Acts on IFLR America's Restructuring Deal of the Year 2021

Walkers Cayman and Bermuda offices advised McDermott International group on all Cayman and Bermudan law aspects of its 2020 restructuring

President Biden Brings Another Bazooka

The package implies annual budget deficits of $1.3 trillion per annum up to 2030, wealth taxes notwithstanding.

Green still the colour of money

The emissions revolution that rocked Exxon Mobil is also stirring up California

Bank Julius Baer Admits Laundering Over $36 Million in Bribes in FIFA Case

Swiss Bank Agrees to Pay More than $79 Million in Penalties in Deferred Prosecution Agreement

Ex-Swiss Banker's Sanction in Brazilian Graft Upheld

Dozens of companies admitted paying bribes to politicians and officials to win contracts with Petrobras.

Chubb Rule of Law Fund Expands Support for Projects that Advance Racial Justice

Awards $1.1 Million to Fund Projects to Combat Inequities in Policing and Criminal Justice System

Clyde & Co to open in Vancouver through merger

The team works with both domestic and London market insurers.

Latham & Watkins Advises Ares Management Corporation in Acquisition of Black Creek Group

A multidisciplinary team represented the global alternative investment manager in the agreement.

Bank of America’s Merrill Lynch to Ban Trainee Brokers From Making Cold Calls

In shift for program that dates back to 1945, recruits will now be directed to use internal referrals and LinkedIn messages to prospect for new clients

Credit Suisse Faces Class Action Lawsuit in the U.S.

In April, the City of St. Clair Shores Police & Fire Retirement System filed a class action lawsuit against the bank in a Manhattan-based federal court for allegedly misleading investors and mismanaging exposure to high risk clients.

Latin American Investor Files Six-Figure Northstar (Bermuda) Fraud Claim Against Truist Investment Services

The claimant invested mostly in bank products and checking and savings accounts with SunTrust.

CORRECTING and REPLACING Wells Fargo to Liquidate Central Fidelity Capital Trust I and Wachovia Capital Trust II Resulting in the Cancellation of Capital Securities and Distribution of Underlying Debentures to Holders

The following table sets forth information concerning the Capital Securities that will be canceled, and the corresponding Debentures that will be exchanged for those Capital Securities, on the Liquidation Date.

Legal, Regulation & Compliance