Managers of Wealth Americas

XRP ETF: Here are the funds awaiting SEC approval so far

As of March 12, nine companies have filed for XRP ETF products in the US, including major issuers like Bitwise, ProShares, 21Shares and others.

Gallagher’s acquisition of AssuredPartners pushed back amid regulatory review

This transaction is reportedly the largest sale of a U.S. insurance broker to a strategic acquirer in industry history

FCA bans former Credit Suisse executives following US criminal convictions

The former Credit Suisse managing directors have been banned for lacking integrity, following US convictions for arranging corrupt loans to the Republic of Mozambique.

SEC dismisses Coinbase action

The SEC’s complaint also alleged that Coinbase’s holding company, Coinbase Global Inc, was a control person of Coinbase and was thus also liable for certain of Coinbase’s violations.

ABA points to role of regulators in discouraging bank engagement in digital assets

ABA stressed that the decision of whether to engage with legal businesses should be left to banks

SEC Closes Investigation Into OpenSea, Declining To Pursue Charges Over NFT Marketplace Operations

OpenSea’s investigation is part of the SEC’s wider crackdown on digital platforms, including its lawsuit against Coinbase.

Elon Musk's DOGE asks for access to IRS taxpayer data, sources say

The database includes such private information as a person's Social Security number and address

Goldman Sachs abandons DEI rule, saying it has ‘served its purpose’

Goldman Sachs has ended a ban on underwriting companies with all-White, all-male boards, becoming the latest corporate giant to scale back a DEI initiative.

Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders

Wells Fargo’s regulators have now closed nine consent orders since 2019.

It’s official – Bank of America will close several branches in January 2025 as part of its transition to digital banking

Reasons behind Bank of America's branch closures in January 2025

Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment

We view this news as a positive for Wells Fargo as it demonstrates progress of working with the company's regulators

Herald Investment Trust shareholders reject US hedge fund Saba Capital's board coup

He argued that Saba's proposals were rejected as their intended outcome was for Saba to end up managing Herald.

ABA Banking Journal’s annual compilation of challenges for a new year

Investigating what is ahead for banks across multiple topics.

EQB reports amended and restated credit agreement

The maturity date for the Restated Credit Facility is now December 30, 2027.

Finra orders Edward Jones, Osaic and Cambridge to repay $8.2m over fund fees

Finra's findings center around mutual fund sales charge waivers and fee rebates, which the regulatory body said Edward Jones, Osaic and Cambridge Investment Research did not return to customers over a period of years.

Wells Fargo says it’s quitting world’s largest climate-banking group

Financial companies have been under increasing pressure from Republican lawmakers, which have launched investigations and filed lawsuits related to the industry’s efforts to address climate change.

Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance

Businesses and owners that didn’t comply would potentially face civil penalties of up to $591 a day

JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle

The three banks named as defendants in the suit co-own Zelle, along with four other big US banks: Capital One, PNC Bank, Truist and US Bank.

Federal Reserve’s flip-flops risk undermining US exceptionalism

The central bank’s highly reactive policy approach of recent years amplifies financial volatility

A&O Shearman advises Andera Partners on strategic partnership with New York Life Investments and Candriam

The transaction remains subject to customary consultation with the relevant employee representative bodies and regulatory approvals.

Legal, Regulation & Compliance