Managers of Wealth Americas

Bank of Canada expected to hold key interest rate at 2.25%

Along with Wednesday’s interest rate decision, the Bank of Canada will reveal its latest economic and inflation forecasts.

Insurers allege Bank of America cleared $1M in flagged transfers

Two insurers already paid the claim - now they want the bank to cover every cent

Brazilian banks may tighten client checks after U.S. move

Designation of PCC and Comando Vermelho as terrorist groups could lead financial institutions to take a stricter stance on risk

Edelman Financial Engines To Appeal Decision in Mariner Lawsuit

The wealth management firm is taking its case to a federal appeals court after a judge ruled that Edelman hadn't established its trade-secrets case against Mariner.

Advisors still have questions on Trump Accounts ahead of July 4 launch

Regulators have made some progress.

SCB freeze denies 16 banks capital relief

Lower DFAST depletion would have cut buffers for many, but First Citizens avoids higher SCB

JPMorgan Sues Advisor Who Jumped to Morgan Stanley

Brian Krauthamer was a private client advisor at a JPMorgan bank branch in Florida.

Big six bank fined $4.25 million for inaccurate credit card statements

The bank refunded $22.4 million and donated $299,000 to customers it could not locate

A&O Shearman advises on Bank of Montreal’s USD2.75 billion medium-term notes offering

Bank of Montreal is the eighth-largest bank in North America by assets

US student debt repayment system is being overhauled – here’s what to know

Borrowers face stricter payment timelines after Biden-era Save repayment plan was ended by Donald Trump

U.S. bank regulators are making AI a core focus of every routine bank examination

The OCC and Federal Reserve are asking banks detailed questions about AI governance, vendor risk, and kill switches during standard exams

Bank of Canada likely to hold on weaker-than-expected growth, economists say

The central bank makes its next rate announcement on Wednesday

Franklin’s Western Asset Management settles SEC case for $100m

The SEC said the group had “failed to take reasonable steps to detect and prevent this conduct by its former co-CIO”.

Regulators Didn’t Speak to US Fund at Heart of Segantii Trial

It was the latest chapter in a trial that has already thrown the spotlight on how hedge funds and Wall Street banks talk ahead of deals

Mastercard secures New York BitLicense

New York’s BitLicense framework establishes comprehensive requirements related to consumer protection, cybersecurity, financial integrity and operational resilience.

FINRA Fines Pictet Overseas and Blue Ocean ATS for AML and Supervisory Violations Involving Low-Priced Securities

Pictet Overseas Ordered to Pay $610,000; Blue Ocean Ordered to Pay $550,000

Suntera Global completes Experienced Advisory Consultants acquisition

Commenting on the completion of the transaction, David Hudson (pictured), CEO of Suntera Global, said: “Continuing to expand and strengthen our footprint in the US market remains a key objective for Suntera

Victims Claim JPMorgan, Bank of America Should Have Caught Signs of $328M Crypto Scam

Lawsuit claims financial institutions failed to detect red flags in Christopher Delgado's $328 million Goliath Ventures fraud scheme that ran for three years.

FINRA to Review of 'Higher-Risk' Structured Products

The regulator will examine how firms supervised "worst-of" structured notes, with a focus on their compliance with best-interest standards.

UK man agrees to plead guilty in ‘Singapore Solution’ tax evasion case, say US prosecutors

Roderic Sage has been ordered to be extradited from the UK and will appear late next week in Manhattan federal court, prosecutors told a judge in a letter on Thursday (Apr 30).

Legal, Regulation & Compliance