Managers of Wealth Americas

US Federal Reserve cuts interest rates for the first time since December

The central bank’s cut comes amid a cooling labour market, which has stalled economic growth.

Capital One sues FDIC for overcharge related to two bank failures

Capital One, based in McLean, Virginia, said the dispute is at an impasse, and a judge should declare that it does not owe the $149.2 million plus daily penalties for nonpayment.

Bahamas-based fund adviser, firms agree to multimillion-dollar SEC settlement over fund misrepresentations

Vukota Capital Management, VCM for short, is a New York limited liability company and unregistered investment adviser.

ABA’s Carney shares proposals for financial regulation reform

Carney called for reforms to the FDIC’s resolution process

StanChart expects Fed to cut rates by 50 bps next week after weak jobs data

"August labor market data has paved the way for a 'catch-up' 50 basis point rate cut at the September FOMC meeting, similar to what occurred at this time last year."

The Treasury Department wants US banks to monitor for suspected Chinese money laundering networks

The Treasury contends that many of these people unknowingly work with cartels to bypass Chinese currency controls that restrict the renminbi exchange rate

Brookline Bancorp Inc. merger information released by Nasdaq

Both companies have also secured shareholder approval for the merger.

Berkshire & Brookline Receive Regulatory Approvals for Merger of Equals to form Beacon Financial

The regulatory approval process included approvals from the board of governors of the Federal Reserve System

Visa halts open banking operations in US amid regulatory challenges

The company has ceased its open-banking initiatives aimed at providing third parties access to customer account data.

Brazil’s Supreme Court meets banks after ruling shakes markets

Financial institutions, through industry associations, have intensified lobbying in Brasília to ease tensions as relations between Brazil and the United States remain strained.

Citi’s Andy Sieg Investigated by Outside Law Firm

“Andy is a highly respected leader with more than 25 years operating at the most senior levels of the wealth management industry," the company said, in a statement.

TrinityBridge sees 'soft landing reboot' ahead of next Fed decision

Wealth manager retains equity overweight and looks to likes of Blackstone and Capital One for returns on expectation of rate cut.

Morgan Stanley Wins Deferred Compensation Arbitration Case

Former Morgan Stanley rep Patrick T. O’Neill argued that the wirehouse’s deferred compensation plan forfeiture ran afoul of federal law.

Florida Man Arrested for $600K Fraud Targeting Haitian Investors

New York Attorney General Letitia James said Marc Henry Menard "treated himself to luxury vacations and shopping trips at his victims' expense."

Brazil’s central bank chief says monetary policy transmission less effective

The central bank chief indicated that Brazil would need to implement several reforms

Former Osaic Employee Sues Firm for Discrimination

In a complaint filed in New York federal court, Alla Bronskaya claims she was subjected to workplace expectations based on her Russian national origin, with a supervisor questioning her ability to “‘understand’ English.”

More Americans seeking citizenship from Caribbean CBI nations

As geopolitical uncertainties continue, these Caribbean citizenship programs are likely to become increasingly attractive to Americans seeking alternatives to traditional residency models.

Brazil Central Bank ends rate hikes

The bank has signalled since June that rates will likely be held for a “very prolonged” period.

Trump targets banks with order barring discriminatory 'debanking'

The order was largely in line with industry expectations, with regulators getting 180 days to examine firms for discriminatory activities

Wells Fargo won’t face class-action mortgage discrimination lawsuit

A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”

Legal, Regulation & Compliance