Managers of Wealth Americas

Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations

Shareholders want Zuckerberg and the other defendants to reimburse the company for more than $8 billion in fines

Morgan Stanley, Goldman to Settle Lawsuit Over Archegos Trades

The investors, led by Frank Capital Partners, sued months after Archegos’ collapse

Brazil’s Central Bank hack spills into crypto as $40m laundered via Bitcoin, Ethereum, and stablecoins

According to local news outlet g1 Globo, Roque later helped build a system to enable the theft for an additional $1,800.

Banks urge US Treasury to hit ground running in ending paper cheques

The executive order is described in the letter as ‘mark[ing] a pivotal step forward in public-private collaboration to deliver faster, more secure, and modern payment solutions

Amundi warns US stablecoin policy could destabilise global payments system

JPMorgan expects the amount of stablecoins in circulation to roughly double to $500 billion in the next few years, although some estimates have put it as high as $2 trillion.

Trump calls on US central bank head to quit immediately

Despite the president's continued criticism of Mr Powell, he said earlier this year that had "no intention of firing him".

How Canada’s CRM3 rules are redefining suitability

The sector faces a key question: will suitability remain a checkbox

Trump's budget bill is closer to becoming law - here are the remaining sticking points

The lower chamber approved an earlier version of the bill in May with a margin of just one vote, and this bill must now be reconciled with the Senate version.

Big US banks expected to ace stress tests, boost dividends

It is also used by banks to determine how much in dividends can be given to shareholders.

Shares of Coinbase, Circle surge after stablecoin bill passes Senate

Stablecoins have become Coinbase’s biggest revenue driver after trading, with stablecoin-related income surging 50% year-over-year in the first quarter.

Hedge fund traders caution against paternity leave after trader dismissed

Satha told the FT in 2022 that his long paternity leave was, "a welcome relief for many female traders who were anxious that having children would adversely impact their career."

Central banks forecast more gold purchases, fewer US dollar reserves in years ahead

Respondents expect the share of other currencies, such as the euro and renminbi, will also increase over the same five-year period.

US House bill puts policy pressure on renewables

The House-approved OBBB heightens scrutiny on foreign sourcing for entities seeking tax credits.

State Regulators Claim Edward Jones, LPL, Others Overcharged Retail Customers

RBC, Stifel and TD Ameritrade were also among the settling firms.

SEC Weighs Harmonizing RIA, B/D Mandatory Arbitration Rules

The commission’s Investor Advisory Committee recommended the SEC amend its advisor rules on mandatory arbitration clauses

Regulators Prepare to Ease Post-Financial Crisis Banking Rules

As Politico noted, the efforts mark a major shift from last year, when regulators under President Joe Biden were advocating a plan that would require big banks to have even larger capital cushions, much to the industry’s dismay.

RBC and CIBC ramp up provisions for loan losses amid higher risks stemming from trade and policy uncertainty

In the same quarter last year, RBC reserved $920-million in provisions.

Why you shouldn’t focus on tariffs when expanding to the US

Businesses don’t expand to the US for the short term.

Belgian data transfers to US ‘breach GDPR’

The transfers at issue were made under bilateral agreements between some EU states and the US that cover the US Foreign Account Tax Compliance Act (FATCA).

Dozens of Houston-based wealth management employees to be laid off by NY-based firm

Atria Wealth Solutions plans to lay off more than 50 Houston employees.

Legal, Regulation & Compliance