Managers of Wealth Americas

Wells Fargo to Pay $7.8 Million to Settle Hiring Bias Claims (1)

Wells Fargo will also extend 580 job offers to applicants affected by the alleged bias, the Labor Department’s Office of Federal Contract Compliance Programs said.

Market failure

Economist argues globalization has gouged the middle class, propped up elites and given rise to a dangerous brand of populism

Wells Fargo resumes job cuts after pandemic break

The bank will provide severance and career assistance to affected staff.

California seeks extra protections for policyholders in wildfire areas

The bill is set to be voted on in the full Senate.

Ex-Raymond James Rep Suspended for Unauthorized Buying and selling

The rep was terminated after Raymond James “identified emails suggesting involvement with an unapproved outside business activity,” based on a disclosure on his BrokerCheck report.

OCIE Releases Risk Alert Regarding Compliance Considerations During COVID-19 Pandemic

In this Legal Update, we review a number of observations and suggestions the OCIE has made where there may be heightened risk due to COVID-19.

Growth Prospects and Challenges ahead for the U.S., U.K., Eurozone, China, and Japan

A resurgence of virus infections in several areas is threatening to choke the recovery and could flatten growth in the second half of 2020 and beyond.

What Law Firms Can Expect in a ‘Grueling’ Second Half of 2020

They may struggle to retain and compensate their most marketable partners if they can’t bolster their firm’s finances by the end of the year.

MetLife Announces Alliance With Barnum Financial Group

MetLife and Barnum Financial Group have a shared passion for giving people the tools and insights they need to pursue their dreams with confidence.

Vast majority of comments oppose ESG proposal – analysis

There were 229 comments from investment-related groups, 94% of which were opposed, the analysis found.

HSBC Global AM closes 2nd Vision private equity fund at $260m

The Vision programme was designed in partnership by HSBC Global Asset Management and HSBC Private Banking.

Corruption Has Become America’s Religion

The Declaration and the US Constitution were benign as they set a framework to disperse power and wealth among everyone.

Vanguard Consolidates Taxable Money Market Fund Management on Charles River IMS

Charles River IMS also enables users to incorporate its proprietary data and configure workflows unique to their product offerings.

Rethinking “CEO exceptionalism”

Fortune/Deloitte CEO Survey on how COVID-19 is redefining the CEO role

Wells Fargo cost-cutting plan to reach asset management, analysts say

"Wells Fargo & Company is at the beginning of a multiyear effort to build a stronger, more efficient company for our customers, employees, shareholders and other stakeholders," the statement from Wells Fargo said.

IRS Issues Reit-Favorable Ruling For Taxable Reit Subsidiary In Private Equity International Healthcare Acqquisition

TRS will not be involved in any facet of the day-to-day operations at the Facilities

Wells Fargo consumer chief may testify of 'fear' her predecessor inspired

The case could expose internal rifts that would normally remain outside of public view, though most of the bankers who may be called to testify are no longer with Wells Fargo. A trial has been scheduled for next summer.

U.S. regulators issue guidance on AML enforcement actions

The agencies also listed four pillars for an institution’s AML compliance program.

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest

Envestnet, Inc. to Offer $450 Million of Convertible Notes

The Notes will be general unsecured obligations, subordinated in right of payment to the Company’s obligations under its revolving credit facility.

Legal, Regulation & Compliance