Managers of Wealth Americas

For Banks, Shift in U.S. Rules to Cut Balance-Sheet Risk

U.S. regulators trying to force banks to maintain enough capital to survive a severe economic shock have signaled a shift in the tools they’re using to achieve that goal.

Risk and compliance specialists in high demand at banks

At a time when banks are trimming staff to lower expenses, one area of hiring remains hot: risk and compliance.

Ashurst’s US banking chief Ridealgh quits for Weil in New York

Ridealgh was already known to Ashurst, having previously worked as an associate in its London office between 1999 and 2003

Washington Trading Probe Broadens to Hedge Funds

There is nothing inherently illegal about investors talking with individuals at Height Securities about its research note.

SEC finds new evidence in insider-trading probe

A Citadel spokeswoman told the newspaper that the firm's communication was intended for "verifying information contained in what we understood to be a broadly disseminated email," adding that it was part of the firm's "compliance

Wall Street regulator considers new rules for dark pools

Dark pools are broker-run trading venues that let investors trade shares anonymously and only make trading data available afterwards, reducing the chance of information leaking about trade orders.

Fed inspects Turkish Ziraat's New York branch

The United States Federal Reserve (Fed) has reportedly started an inspection of the financial transactions of Turkey's state-run Ziraat Bankası New York branch, Turkish media reported on Tuesday.

Former M&T Bank auditor sues after being fired

A former auditor and bank officer at M&T Bank Corp. in Wilmington has sued the bank alleging he was fired after he blew the whistle on confidentiality breaches related to the tax returns of high net-worth clients.

SEC suspends Maven Asset Management

The SEC says the suspension is as a result of the operator’s failure to carry out its investors mandate to purchase 200,000 units of National Sport Lottery plc during the company’s 2008 public offer for which it collected N3.1 million.

SEC Announces Charges Against Corporate Insiders

Nearly Three Dozen Charged in Enforcement Initiative to Root Out Repeated Late Filers

Credit Agricole Said to Near Accord in Sanctions Probe

Credit Agricole’s fine could be similar to Commerzbank’s, according to the person. Anne-Sophie Gentil, a spokeswoman for Credit Agricole, declined to comment.

Hedge fund manager accused of bilking investors

The SEC says management fees earned by Archer Advisors were shrinking due to the funds' worsening performance.

Maples Fund Services launches Boston office

Opalesque Industry Update - Maples Fund Services, a leading independent global fund services provider, has opened an office in Boston, significantly expanding its North American presence and solidifying its brand and offering in the US market.

Fed proposes higher capital rule for largest banks

US regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk

U.S. regulator would welcome delay of EU clearing rules

The current deadline is December 15, after which new capital requirements kick in

Belize Firm Charged in $500 Million Tax-Evasion Scheme

Five other individuals and six companies are accused of taking part in the plan that involved as many as 100 U.S. clients, according to prosecutors.

Hedge Fund, Brokers Lose Claims Against Lehman: Bankruptcy

Co-underwriters with Lehman Brothers Inc. don’t have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its own securities.

Ex-Foundry executive tipped analyst about deal - U.S. prosecutor

A former executive at Foundry Networks Inc gave an "inside edge" to a hedge fund analyst in 2008 by telling him that the data equipment maker was about to be taken over, a U.S. prosecutor said on Tuesday at the start of an insider trading trial.

BofA Bond Boss Said Stuck in Limbo by Deutsche Bank Delay

Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.

Avoiding 'Due-Diligence Lite' on Asset Managers

Advisers need to understand what drives managed portfolios of ETFs

Legal, Regulation & Compliance