Managers of Wealth Americas

US consumer finance watchdog to revise open banking regulations

CFPB’s decision follows a federal judge's pause on a lawsuit aiming to strike down these regulations.

Texas Offers Guidance on Advisors Using Fintech Tools to Access Held-Away Accounts

The guidance strikes a more platform-friendly tone than prior alerts out of Ohio and Missouri, but stressed that advisors must use the tools to meet “legal and regulatory obligations.”

5 million dollars gone: Embezzlement case at the CFA Institute

He allegedly used the funds to finance a lavish and lavish lifestyle.

TD Asset Management Inc. Announces the Termination of the TD Global Carbon Credit Index ETF

Prior to the Termination Date, TDAM will, to the extent reasonably possible, sell and convert the assets of the Terminating ETF to cash.

Linklaters advises Ontario Teachers’ Pension Plan Board on its acquisition of DONTE GROUP

The investment Linklaters facilitated reflects Ontario Teachers’ conviction in DONTE GROUP

Trump and the US labour market

The administration has even suggested that ‘naturalized’ US citizens – those with citizenship but not through birth – may be at risk of deportation.

Trump’s One Big Beautiful Bill Act Ends SEC Fund Used For In-House Tech Needs

The agency established the Reserve Fund in the wake of the Great Financial Crisis.

Bank of America Advisor Banned After Stealing $2.58 Million From NFL Player

According to the police, Williams received $435,000 from Graham’s checking account between October 2019 and September 2021.

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.

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