Managers of Wealth Americas

SEC predicts further crypto charges as enforcement battle continues

We're going to continue to be active as to intermediaries.

Morgan Stanley faces $750M lawsuit over rail-line lending

Two private-equity firms accused the bank of breach of contract and fraud over the restructuring of a deal involving investments in a loan to high-speed rail operator Brightline Holdings.

Crown Agents Bank agrees talent partnership with US Department of State

The partnership aims to facilitate knowledge sharing between the two organisations around cross-border transactions for hard-to-reach markets.

Researchers find regulator communication may ease bank runs

News of the failure did not affect those who previously knew about SVB’s situation.

$1.5 Trillion Asset Manager Franklin Templeton Files For US Bitcoin ETF

Franklin Templeton has filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Bitcoin ETF.

JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations

The pension funds accuse the banks of trying to corner the market with their own system called EquiLend, while hindering the development of new platforms that would execute the borrowing and lending of electronic securities.

Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark

Federal authorities found that Wells Fargo’s aggressive sales goals led employees to open millions of fake accounts for customers to meet their targets.

US Faster Payments Council announces Board Advisory Group members

Our Board Advisory Group has a shared vision for the future of faster payments and we’re greatly appreciative of their commitment to the FPC’s mission

New Proposals to Raise SALT Cap Disproportionately Benefit the Wealthy

A new report urges against the changes.

Bank of Canada expected to hold rates steady as economy stalls

The Bank of Canada first paused its tightening campaign in January

Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates

While he was encouraged by the recent reports on where prices are trending, he said they also indicate that the Fed can afford to hold rates higher until it is sure inflation is on the run.

HSBC-Royal Bank of Canada (RY) Deal Gets Competition Bureau Nod

The last time a merger of this magnitude was attempted in Canada was in the early 1990s when RY sought to acquire Bank of Montreal BMO, but the deal was blocked by regulators.

Fed warns Goldman over fintech unit risk - FT

The issue relates to a team within TxB responsible for providing banking infrastructure to fintech clients such as Stripe and Wise.

Bank accused of redlining says DOJ unfairly linked it to a race atrocity

Executives of the Collinsville, Oklahoma, bank denied wrongdoing. In a press release late Monday, they said they entered into the settlement "to avoid the cost and distraction of protracted litigation."

CIMA: Cayman insurance industry strengthening

The new additions means that there are now 675 Class B, C and D insurance companies licensed in Cayman, with approximately $22 billion in premiums written and $71 billion in total assets.

Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages

Goldman Sachs’ journey with GreenSky began back in September 2021

Credora granted Class M digital asset business licence by BMA

It added that all Instant Lend collateralised lending activity would transact through the newly licensed Bermudian subsidiary, Intermediary Services Ltd.

If You Can’t Beat the Lunatics, Join ‘Em—SD Bankers Decide to Oppose Central Bank Digital Currency

The Federal Reserve is nowhere near issuing a CBDC, and even if it were, the passage of HB 1193 would not have sped that issuance, and the veto of HB 1193 did nothing to slow that issuance.

BlackRock hit by backlash after fall in ESG votes

New York City comptroller Brad Lander accused BlackRock, the world’s largest money manager, of caving in to a “misinformed and shortsighted war against ESG at the behest of special interests”.

Changes to Side Letters, Audits, and More: Unpacking the SEC’s New Rules for Private Funds

Regulators voted Wednesday to approve new rules for asset managers, including private equity firms and hedge funds.

Legal, Regulation & Compliance