Managers of Wealth Americas

The MD of Wells Fargo warns of the difficulties facing the dollar.

Schumacher blames the Federal Reserve’s recent interest rate decision, in addition to its deafness, on the weakening trend of the dollar.

Ogier in Guernsey advises Burford Capital on its dual New York Stock Exchange and London Stock Exchange listing

Burford is the leader in its field and we congratulate them on this success.

Former Wells Fargo CEO barred from industry, to pay $17.5 million for sales scandal

The SEC’s filings include settled charges against Stumpf, who agreed to pay a $2.5 million penalty, and a litigated action alleging Tolstedt committed fraud.

New rule complicates private equity’s ESG push

US Labor Department rule on impact investments was opposed by asset managers

JPMorgan to Reveal Bankers Who Approved Suspicious Transfers

Lawyers for JPMorgan and the Nigerian government said at the end of a London court hearing Thursday that the bank would clarify who was involved in the decisions on the payments. The trial is expected in early 2022.

Eight Practices and 19 Canadian Lawyers Named in The Legal 500 Canada 2021

Their research is based on feedback from 300,000 clients worldwide, submissions from law firms and interviews with leading private practice lawyers, and a team of researchers with unrivalled experience in the legal market.

FINRA Launches Targeted Exam of Fund Fee Waivers

The targeted exam was prompted by a June 4 settlement with Merrill Lynch.

Goldman Sachs Got Caught

Goldman Sachs has to deal with unprecedented punishment for bribery.

FBI Arrests Head of Wealth Management Firm for Fraud

Terrence Chalk, aka Dr. Cash, allegedly hid his criminal past to defraud investors out of more than $4 million.

Canada Life makes WeCare a permanent service

Canada Life has announced it is making its recently launched ‘WeCare' a permanent support service available to all new and existing customers on CLASS, Canada Life's online group insurance platform.

Julius Baer reaches agreement to resolve FIFA matter in the US

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.

Brazilian Bank Slapped With Record Money Laundering Fine in Paraguay

This was the largest fine related to money laundering in Paraguayan history.

What the US election result could mean for markets

There were and are bigger forces at work, driving the underperformance of those assets, than the vagaries of politicians indulging in rhetorical flourishes.

Julius Baer reaches agreement to resolve FIFA matter in the US

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.

Ex-Financial Advisor Who Stole $30 million From Pro Athletes Sentenced to Prison

Ash Narayan, 55, of Irvine received the 37-month sentence and was ordered to pay $18.8 million in restitution, the U.S. attorney's office said in a statement.

Apple must face shareholder lawsuit over CEO Cook's China sales comments

The lowered revenue forecast was the first by Cupertino, California-based Apple since the iPhone’s launch in 2007.

The Impact of SARs Disclosures on Financial Institutions

The surprising releases of information from Suspicious Activity Reports (SARs) that were filed with the Financial Crimes Enforcement Network have sent shockwaves through the financial industry

United States: Retirement bill introduced as sequel to SECURE Act

In unveiling their legislation—dubbed the Securing a Strong Retirement Act of 2020—Neal and Brady stressed that strengthening Americans’ retirement security is a goal shared by both parties and that enactment of the long-stalled SECURE A

Sound Practices for Operational Resilience Released by US Banking Regulators

Disruptions may come from any type of internal or external operational risk and include technology-based failures, cyber incidents, pandemic outbreaks, and natural disasters.

UBS Sued for $500 Million by Chinese Tycoon Over Deal Gone Awry

It’s not the first time Guo has brought such a lawsuit, after failing to get the claim heard in New York.

Legal, Regulation & Compliance