Managers of Wealth Americas

U.S. Bancorp Turns to Young Employees for Digital Banking Advice

It's like getting into the Harvard of employee focus groups.

Oppenheimer to pay $20 mln to settle with U.S. over improper stock sales

Oppenheimer & Co will pay $20 million to settle two U.S. government cases

BNY Mellon May Face Bribery Charges Over Sovereign Wealth Funds: Filing

A case from the SEC would be the first to come from a long-running investigation into banks' dealings with sovereign wealth funds.

Jersey signs Asset Sharing Agreement with USA

The consistent and reliable cooperation we receive from our counterparts in Jersey has been indispensable to our efforts

Banks face expensive US tax ‘holding pattern’

The programme ground to a halt last autumn after a row over small print with the Department of Justice (DoJ).

Big Banks Lose Bid To Dismiss U.S. Currency Manipulation Lawsuit

A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.

Former J.P. Morgan Rep Barred, 2 Others Suspended and Fined

FINRA ejected a former J.P. Morgan Securities registered rep from the industry this month for allegedly forging a customer's signature on bank withdrawal slips

Reconciling Regulatory Requirements in Cross-Border Derivatives Takes Center Stage

Both sets of regulations seek to fulfill the Group of 20 (G-20) derivatives reform agenda, announced at the 2009 Pittsburgh Summit, which includes regulating dealers, clearing and trading (including trade reporting), mitigating systemic risk and protectin

HSBC Said Ordered by Court to Share U.S. Data With Former Staff

The decision may have implications for thousands of bankers named in documents that U.S. authorities have received from wealth-management companies seeking to avoid prosecution.

UBS Financial Services Accused of Trust Fraud

The suit says that UBS breached its fiduciary duty to the beneficiaries by mismanaging the trust’s assets.

Sidley Austin Expands in Houston with Addition of New Global Finance and Energy Partner

He will have a leadership role in the Finance practice in Houston.

Southeast Asian Bitcoin Site Charged With Securities Fraud

An undercover agent e-mailed the site and was told he “could not lose money in the investment

Church suing JP Morgan for millions over alleged mismanagement of funds

JPMorgan acquired two of the three banks, effectively acquiring control of the Christ Church funds, in 2004.

Dodd-Frank Act Changes Are Coming - K&L Gates

For over four years after enactment of the Dodd-Frank Act (“Dodd-Frank”), President Obama and the Democratic Senate successfully blocked any changes to that act.

Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement

Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the bank over its handling of a U.S. probe into alleged tax evasion

Stanfill Wealth faces lawsuit; FBI investigating

Ducote alleged that Stanfill provided financial planning services to him over the last 15 years

New York Says Barclays Not Cooperating in 'Dark Pool' Probe

Barclays quickly fought back, accusing state Attorney General Eric Schneiderman of overreaching, and scrambling to fix a lawsuit that it said was fatally flawed to begin with.

SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct

The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities

How To Steal $5 Million From Bank Of America Without Using A Gun

The case illustrates another side of organized crime

Brevan Howard settles dispute with co-founder Rokos

The agreement is a dramatic U-turn after a bitter fight that involved claim and counterclaim by the two parties

Legal, Regulation & Compliance