Managers of Wealth Americas

British EU Exit Could Sting California, But The Price of Scotch Might Fall

In California by recent figures the world’s sixth-largest economy the exit threatened to hurt exports to the United Kingdom.

At Chicago law firms, a salary war breaks out after years of deep freeze

The most experienced associates among the eight will top out at $315,000.

Merrill Lynch Paying $10 Million Penalty for Misleading Investors in Structured Notes

The notes were issued by Merrill Lynch’s parent company Bank of America Corporation, and Merrill Lynch had principal responsibility for drafting and reviewing the retail pricing supplements.

SEC Sues UK-Based Trader for Account Intrusion Scheme

The complaint alleges that Mustapha placed stock trades without the customers’ knowledge and then traded in the same stocks through his own brokerage account.

After UBS Produces Singapore-Based Documents, Justice Department Dismisses Summons Case

Taxpayers with offshore assets who underreported their income should come forward before we come looking for them

IRS Says "You Owe Us Money – Bye-Bye US Passport!"

Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.

Stars may finally align against buyout-baron taxes

Most recently, a 2015 Senate amendment failed on a 55-43 party-line vote of Republican opposition and Democratic support. A previous push in 2014 under a broad tax-reform plan also faltered.

BlackRock to Employees: You Can Wear Jeans

BlackRock is getting a bit more casual

USA Linklaters boosts US associate starting salaries to $180,000

Magic circle firms Freshfields Bruckhaus Deringer, Allen & Overy and Clifford Chance have also followed suit making Linklaters the last in the group with a US operation to increase its salaries.

Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements

Federal Reserve won’t approve or reject banks’ capital return plans until June 29

Ex-JPMorgan executive pleads not guilty to $5 million embezzlement

In court, Assistant U.S. Attorney Sagar Ravi said Arbizu, 47, voluntarily agreed to his extradition and said prosecutors had held discussions with him about resolving the case

UBS Gives IRS Records on U.S. Citizen’s Account in Singapore

The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.

How QB Mark Sanchez was sacked by a financial adviser

Narayan "secretly siphon millions of dollars from accounts he managed for professional athletes," the SEC alleged.

Deloitte Acquires Global Asset Management Strategy Consultant Casey Quirk

The Casey Quirk partners and existing team will transition to Deloitte and will now operate under the “Casey Quirk by Deloitte” brand.

Regulators Can't Force Good Risk Management

Such behavior misses the root cause of the crisis: namely a pervasive lack of effective risk governance among key financial market participants.

SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices

Staff Issues Guidance on Speed Bumps

McDermott is not what it used to be

Internal squabbling over the duo's management was “absolutely not” a factor in their decision to step down, he adds.

CIMA and AICPA to form new association

Chartered Institute of Management Accountants

Debate blooms at Fed as policymakers wrestle with 'new normal'

The fact that the economy has been slow to respond to rock-bottom borrowing costs is drawing attention to a possible decline in the long-run equilibrium, or neutral, rate that's consistent with an economy at full employment and stable prices.

A big-name hedge fund manager at Visium has turned himself in to the feds

I am deeply saddened by today's events, Gottlieb said in a statement.

Legal, Regulation & Compliance