Managers of Wealth Americas

NY AG won't ask Bank of America for damages but Merrill case goes on

New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch & Co

US regulators still dissatisfied with HSBC

US regulators continue to find weaknesses in the way that HSBC Holdings tries to prevent money laundering

Supreme Court To Rule On Hedge Funds Targeting Foreign Assets

This is good news for countries around the world

Former Morgan Stanley wealth manager says sex tapes made with three women were accidentally recorded by camera meant to watch his dog:prosecutors

“I have this camera set up in my apartment to watch my dog when I'm not there,” John C. Kelly allegedly told prosecutors

Deutsche, Citi Face Forex Pressure

London office and that Deutsche Bank AG had suspended several employees as part of a sprawling investigation into practices by currency traders.

Regulators Say Banks Still Not Adequately Tracking Counterparty Risk

In the aftermath of the crisis, progress measuring counterparty risk remains uneven and unsatisfactory, according to the report of the Senior Supervisors Group, which is comprised of senior financial global supervisors.

US bankruptcy judge turns down Detroit deal with banks

A US bankruptcy judge rejected a deal on Thursday that would have allowed Detroit to pay two banks $165 million to conclude a disastrous pension debt agreement, which has been partly blamed for bankrupting the city.

Bennett Thrasher Adds Four New Professionals and Elevates Five to Partnership

Bennett Thrasher LLP, one of the largest Atlanta-based, full-service accounting, audit and consulting firms, and the firm’s affiliate, BT Wealth Management, are pleased to announce the addition of four professionals and the elevation of five of the

U.S. Regulators Close to Easing Part of ‘Volcker Rule’

Regulators are close to issuing a rule designed to provide relief to banks that want to own certain types of debt investments without running afoul of the so-called Volcker rule.

Rabobank Ex-Traders Charged With Yen Libor Rigging

Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.

SEC and FINRA Examination Priorities for 2014 - Withers

U.S Securities and Exchange Commission and the Financial Industry Regulatory Authority release priorities for the SEC’s examinations of investment advisers and investment companies and FINRA’s examinations of broker-dealers.

Court Rejects Banking Associations’ Challenge to Regulations Addressing Offshore Tax Avoidance

Today the District Court in the District of Columbia dismissed a challenge filed by the Florida Bankers Association and Texas Bankers Association challenging 2012 amendments to the Department of the Treasury’s interest-reporting regulations.

Madoff Trustee Case Against Banks Draws U.S. High Court Inquiry

The U.S. Supreme Court signaled interest in an appeal by the liquidator of Bernard Madoff’s firm, asking the Obama administration for advice on suits seeking $8 billion from banks alleged to have helped funnel money into his Ponzi scheme.

US Supreme Court accepts Argentina's debt case

The ruling gave the funds the power to enforce subpoenas against two banks for information about Argentine assets.

International law firm Adds Veteran Tax Controversy Partners

The international law firm have announced that two partners with deep experience in tax controversy, criminal tax law and tax litigation have joined the firm from Hass & Hecht.

Withers Bergman Adds Premier Trusts & Estates Attorney

He is widely recognized as one of the foremost estate planning and business succession planning attorneys in the United States.

The Volcker Rule – An In-Depth Q&A About The Covered Funds Provisions - Debevoise

More than two years after they were originally proposed, on December 10, 2013, the federal banking agencies, the Securities and Exchange Commission and the Commodity Futures Trading Commission adopted final regulations to implement Section 13 of the Bank

Legal, Regulation & Compliance