Managers of Wealth Americas

Diamond to be grilled by US politicians

UK newspaper the Guardian says it has been told by sources that Diamond is likely to be called to Washington to answer questions about the Libor-fixing scandal.

Dodd-Frank sees rise in virtual family offices

Those were among the findings reported by the Advanced Planning and Family Office Practice Group at US law firm Handler Thayer LLP in their 2012 outlook.

US banking giant to apologise over lax money laundering controls

In the note sent to employees on Tuesday, the London-based lender's chief executive Stuart Gulliver said the Permanent Subcommittee on Investigations would expose weaknesses in the bank's money laundering controls.

German prosecutors investigate Morgan Stanley banker

Notheis, 44, who ran Morgan Stanley's operations in Germany and Austria for more than three years, was granted leave of absence by the bank last month following an uproar over emails he reportedly exchanged with Mappus.

Shake-Up at New York Fed Is Said to Cloud View of JPMorgan’s Risk

But those changes left the New York Fed’s front-line examiners without deep knowledge of JPMorgan’s operations for a brief yet critical time, said those people, who spoke on the condition of anonymity because there is a federal investigation o

Libor price fixing case is getting work for lawyers

In the case of Barclays and UBS, multiple law firms are representing individuals who have worked at those banks, sources said.

Handler Thayer Named Best Private Client Law Firm in North America

In addition, David Berek, a Partner in Handler Thayer, LLP's Advanced Planning and Family Office Practice Group, made the final-five short list of nominees for the 2012 Best Private Client Lawyer Award.

Linklaters scoops New York role on insurer WellPoint's Amerigroup buy

The agreement, which sees Skadden Arps Slate Meagher & Flom advise Amerigroup, marks one of the largest-ever cash deals in the health insurance sector just weeks after the US Supreme Court upheld president Barack Obama’s law to extend healthcare

HSBC To Apologize At Hearing On Money Laundering, Memo Shows

U.S. prosecutors may take criminal or civil enforcement measures involving the London-based bank amid an investigation into terrorist funding, HSBC said in February.

Mobile operators pressured for private client data

Representative Edward Markey on Monday released data from the companies showing more than 1.3 million requests for cell phone records last year.

US Senate panel plans HSBC money laundering hearing

The panel has been investigating HSBC for months as part of an effort by the Senate panel to probe shadowy money flows.

JPMorgan Silence May Spur Calls for Disclosure

The U.S. Securities and Exchange Commission is probing JPMorgan’s belated May 10 disclosure that a change to its mathematical model for gauging trading risk helped fuel the loss in its chief investment office.

US lawmakers signal deep "fiscal cliff" deadlock

In addition, $1.2 trillion in across-the-board reductions in spending on federal programs would begin to phase in as a result of Congress' failure late last year to find a comprehensive deal to cut the budget deficit.

JPMorgan Combines Units in Order to Comply with Dodd-Frank

The new financial regulation was enacted by the United States Congress to prevent another financial meltdown and to promote accountability and transparency for big banks and the Wall Street.

RBC says it followed the rules, didn’t collude in LIBOR rate-fixing scandal

Canada’s largest bank has moved to distance itself from a growing international rate-setting scandal that engulfed one of Britain’s oldest and largest banks this week.

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

CPA says Companies Amendment Bill increases Ireland’s attractiveness to US Foreign Direct Investment

The Companies (Amendment) Bill 2012 passed all stages in the Oireachtas last week and will now be signed into law by the President of Ireland, Michael D. Higgins.

JPMorgan Told To Explain Withholding Energy-Probe E-Mails

JPMorgan Chase & Co. was ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.

Latham, Davis Polk scoop Manchester United New York listing

Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.

Legal, Regulation & Compliance