Managers of Wealth Americas

ISDA consultations on benchmark fallbacks

The first consultation sets out options for adjustments that will apply to the relevant risk-free rates

US investor urges First Group to split and pull out of 'destructive' UK rail network

In the UK, it runs three UK rail franchises – Great Western Railway, South Western Railway and TransPennine Express – and is bidding for the West Coast Partnership franchise, which is due to be awarded in the summer.

Intel, Qualcomm, and other US tech firms reportedly cut off critical software to Huawei after Trump's blacklist

The US has heightened concerns in recent months that Huawei technology could pose a security risk and may be used as a backdoor for Chinese government espionage.

Harvard-Linked Cambridge Square Hedge Fund Set to Shut Down

Cambridge Square lost about 2.5% before fees in its first year of trading in 2017 and was up about 2% last year, the person said.

Ogier advises on US$350 million biopharmaceutical merger

The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap

Optimum Financial Group expands its asset management activities in the US

“This expansion presents a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.”

FINRA: High-Risk B/Ds Had Nine Times More Misconduct Events

Based on back-testing, firms that FINRA has identified through a new rule proposal presented higher risk of future misconduct events.

US SEC Proposes Amendments to Cross-Border Swaps Rules

Among other things, the proposals provide guidance on when transactions are considered to have been “arranged, negotiated, or executed” by US personnel as a trigger for regulating security-based swaps and market participants.

US issues anti-money laundering guidance for cryptocurrencies

The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.

Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic

SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.

TB Sunridge Advisors Paves Way with Registration Approval to Manage Digital Assets

To be registered, TB Sunridge Advisors had to obtain various regulatory licenses, including filing numerous documents with the state securities board.

Goldman Sachs applies for Tokyo banking licence

Investment bank to launch global cash management business as part of plan to diversify

Legal Services Demand Drops in First Quarter of 2019 (1)

Demand was up 2.3 percent last year, and down .3 percent in the first quarter of this year.

East Capital strikes advisory deal with LatAm firm

Credicorp Capital AM will be fully integrated into East Capital’s investment process

Final Rules May Help Companies Unintentionally Hit by Global Tax

The 2017 tax law includes a base-erosion provision related to global intangible low-taxed income. Treasury aims to finalize GILTI rules by June.

Why Canada Stands Out As A Money Laundering Haven

Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money.

Court Rules Against Credit Suisse

A labor court in Geneva has now come to a pretty different conclusion, according to Neue Zuercher Zeitung.

FA Match Debuts Alliance of Firms Supporting Advisors

LifeYield, Oranj, Redtail and others have partnered with the digital recruitment platform to amplify its advisor-centric approach.

Fake heiress jailed for scamming New York

Her scams began soon after her arrival in the US, as which she insinuated herself into high-rolling New York social circles.

Congress hits new speed bump in effort to restrict shell companies

It was unclear whether the bill was in peril or will simply be voted on later.

Legal, Regulation & Compliance