Managers of Wealth Americas

BTG Pactual wants Generali indemnity over BSI's 1MDB link, source says

Singapore closed BSI's local branch on Tuesday as part of a probe into 1Malaysia Development Bhd, a Malaysian fund that was a client of the bank.

Fenwick & West Launches New York Office

Leading Tech and Life Sciences Law Firm Addresses Growing Client Demand in New York

US policy rate hikes are back on the table again by Mikio Kumada, LGT Capital Partners

The latest flash, or indicative, reading for the services index will be released later today, and could provide further confirmation of this improvement.

Appeals Court Reverses Fraud Finding Against Bank of America

Court has reversed a jury's finding that bank was liable for fraud for its actions before the economy collapsed in 2008.

Civil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case

Appeals court restores private suits against Bank of America, J.P. Morgan Chase, Citigroup and others

US Department of Justice fires warning shot to taxpayers and financial institutions after 'Swiss Bank Program'

Through the prosecution of the banks and the Swiss Bank Program, the DOJ has collected over US$5.6 billion.

Wirehouses escape the worst of the DOL fiduciary rule

The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades

Man sentenced for pitching hedge fund that didn't exist

Much of the money lost by more than a dozen victims was retirement savings.

ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.

The Working Group on U.S. RMB Trading and Clearing aims to evaluate opportunities to develop and expand the trading, clearing and settlement of RMB in the United States.

SEC Awards More Than $5 Million to Whistleblower

Award is SEC Program’s Third Highest to Date

FINRA Fines Raymond James $17 Million for Systemic Anti-Money Laundering Compliance Failures

Investors may find copies of this disciplinary action as well as other disciplinary documents in FINRA's Disciplinary Actions Online database.

Five banks sued in U.S. for rigging $9 trillion agency bond market

The lawsuit filed in Manhattan federal court by the Boston Retirement System said the collusion dates to at least 2005, was conducted through chatrooms and instant messaging

EU parliamentary group wants the US blacklisted as a tax haven

The European Parliament’s special committee on taxation was set to send a fact-finding delegation to Washington this week to look into the state of tax avoidance in the US.

JPMorgan wins dismissal of Madoff investors' lawsuit

The lawsuit was brought on behalf of an estimated 2,500 “net winners” who withdrew more money from their accounts at Bernard L. Madoff Investment Securities L.L.C. than they invested.

United States: Managing Accounting And Tax Compliance In Foreign Markets - TMF

Global expansion is high in the agenda for many US companies but along with new opportunities it also brings tax and accounting challenges.

Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

If enacted as-is, the pay rules could hurt Wall Street lenders that have been trying to grow their wealth management businesses since the 2008 financial crisis.

US must sign beneficial ownership deal first, says Caymans

The premier admitted that his comments were received with hostility, but it was an opportunity he could not pass up, reports Cayman News Service.

US bankers could lose bonuses in clawback plan

American bank executives are set to have to wait longer to receive their bonuses, take more of the awards in shares rather than cash, and face “clawback” if they misbehave.

Regulators Seek To Limit Bonuses For Risk Taking At Big Banks

Dodd-Frank law is the impetus for limiting incentive for excessive risk taking with public funds

SEC Joins FBI in Transition Management Charges

The US Securities and Exchange Commission has filed fraud charges against former State Street executive Ross McLellan, the regulator announced on Friday.

Legal, Regulation & Compliance