Managers of Wealth Americas

Marijuana Money Isn't Welcome at This Bank

Even though the federal government has eased the way for banks to do business with the marijuana industry, at least one major lender is refusing to take the bait.

Credit Suisse Private Banking fined $196 million for US regulatory transgressions

The Securities and Exchange Commission today announced charges against Zurich-based Credit Suisse Group AG for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registe

UBS seeks immunity as US and EU probe currency market rigging

UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets

SEC Announces Initiative Directed at Never-Before Examined Registered Investment Advisers

These examinations will concentrate on the advisers’ compliance programs, filings and disclosure, marketing, portfolio management, and safekeeping of client assets.

Investors with investments linked to Bernard Madoff

Investors with investments linked to Bernard Madoff may have the opportunity to claim compensation.

Hedge Fund Suit Seeks Identity of Anonymous Blogger

David Einhorn has filed a lawsuit seeking to unmask the identity of an anonymous financial blogger who, he says, disclosed that Mr. Einhorn’s hedge fund was buying shares in a technology company.

Investors and Royal Bank of Scotland Agree to $275 Million Settlement

Pension funds-led litigation results in third largest MBS class action payment

Investment firm accused of fraud in silver sales

An investment firm in West Palm Beach and its owner must pay nearly $1.6 million in penalties and return $4.7 million to about 200 customers it cheated on precious-metals transactions

Former Wilmington Trust exec faces arraignment

A federal judge is presiding over an arraignment for a former Wilmington Trust executive accused of scheming with another bank executive to make improper loans to each other from their respective banks.

Foreign banks bracing for tough US Fed capital rules

Overseas banks look set to win only minor concessions when the Federal Reserve signs off on new capital rules next week

AIG holding BofA $8.5 billion settlement 'hostage,' investors say

The supporters urged the judge overseeing the deal to reject AIG's efforts to delay its approval, according to documents submitted to the court late on Friday.

UPDATE 3-U.S. to let banks do business with licensed pot shops

The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain illegal under federal law.

Handler Thayer Named 2014 Estate Planning Law Firm of the Year

The Handler Thayer team hopes for a third consecutive win at the annual awards dinner to be held in New York City on February 24th.

UPDATE 1-Investors mull action against Ocwen Financial

A number of institutional investors including BlackRock Inc are considering the possibility of legal action against Ocwen Financial Corp over its mortgage servicing practices

BlackRock Shifts Advisory Focus to Bank Rules After Crisis

BlackRock Inc., which advised governments during the financial crisis on hard-to-value assets, is now focusing more on helping banks comply with new regulations

10-years prison for ex-Reno Bank of America financial adviser in $2 million fraud scheme

A former financial adviser with Bank of America in Reno has been sentenced to 10 years in prison on fraud and tax evasion charges as part of a scheme federal prosecutors say he used to defraud six people out of more than $2 million.

UBS Puerto Rico Faces Surge in Arbitration Claims

Puerto Rican investors are lining up for arbitration with UBS AG over losses when the commonwealth's bonds plunged last year.

Baker & McKenzie Elects New Partners and Professionals in North America

Throughout their tenure, these professionals have demonstrated a remarkable commitment to our clients and the Firm

PAM awards - International Tax And Estate Planning Law Firm Shortlisted

These recent distinctions highlight the firms strong leadership in tax and estate planning for high net worth international private clients.

Global law firm names Chicago Office head

She is a commercial litigator with a focus on the health care, pharmaceutical and life sciences industries. She has substantial experience in a range of federal, state, and administrative proceedings, including multidistrict and class action litigation

Legal, Regulation & Compliance