Managers of Wealth Americas

Barclays Can’t Be Sued Over SIVs, New York Court Rules

An appellate court in Manhattan later upheld the dismissal, a decision that was endorsed by the Court of Appeals in Albany Wednesday.

SEC bars hedge fund manager from practice

The U.S. Securities and Exchange Commission on Wednesday ordered convicted hedge fund manager Drew "Bo" Brownstein barred "from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfe

S.E.C. Said to Be Poised to Sue Fund Manager

Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving

Top Court Rejects Appeal on Foreign Bank Account Subpoena

The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec

International law firm files class action suit against UBS

The complaint charges UBS and certain of its former officers and directors with violations of the Securities Exchange Act of 1934. UBS is a global financial services company.

Merrill replaces law firm in broker pay cases

The change could mark a fresh start for Merrill after a disclosure by one of the previous lawyers likely damaged one of the brokerage's cases as it faces a growing pile of claims and more than $1 billion in estimated potential damages from pending ca

Swiss and US move forward on tax compliance

The US legislation has worried foreign banks that have American clients as banks face penalties if they refuse to give the United States certain client information required under Facta.

BofA Fined $2.8 Million for Overbilling 95,000 Accounts

Merrill Lynch charged the fees to about 95,000 accounts between April 2003 and December 2011, FINRA said in a statement Thursday.

Capital One, John Kanas, John Bohlsen ready to settle lawsuit

The US wealth manager accused Kanas and Bohlsen for breaching the terms of certain non-compete arrangements, they entered into with Capital One in 2007.

Liechtenstein Landesbank to Turn Over Client Names

Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).

Kleiner Lashes Back At Plaintiff In Gender-Discrimination Lawsuit

Ellen Pao says she complained repeatedly to partners about harassment and unfair treatment over a period of several years.

Former billionaire sentenced to 110 years in prison

The sentence was handed down Thursday by U.S. District Judge David Hittner in Houston.

Commerzbank had anti-money laundering lapses

The Fed and the bank have entered into an agreement requiring the Commerzbank to take steps to clean up its anti-money laundering programs. The Fed did not fine the bank for the shortcomings.

ABN Amro Asks Judge To Toss Madoff Suit

saying it lost $490 million in the Ponzi scheme, out of $725 million it invested. As one of the con man’s biggest losers

WilmerHale expands securities practice

WilmerHale Continues to Grow New York Office

International law firm expands CA team

He was a litigation partner with Gibson, Dunn & Crutcher for 19 years

Bankers Cite ‘Confusion’ Over Federal Reserve Stress Test

Members of the Federal Advisory Council, including Vikram Pandit, Citigroup Inc.’s chief executive officer, said the uncertainty was generated by the “significant differences” between the analysis used by the Fed in its stress-test model

Katten Adds Premier Team of Restructuring, Finance Attorneys

In addition, Mr. Barbarosh will join Katten's leadership and help expand the firm's relationships with and breadth of professional services for financial institutions and related entities.

How the SEC could pursue a case against JPMorgan

JPMorgan Chase's failure to timely disclose a major change in how it measured risk could become the centerpiece for an enforcement action by U.S. securities regulators as they probe the bank in connection with its multibillion dollar trading loss.

Swiss finance minister hints at agreement with US over bank accounts

In an interview with the Basler Zeitung newspaper, finance minister Eveline Widmer-Schlumpf indicated that Washington was keen on ending the spat, which is part of an American attempt to crack down on wealthy citizens using Swiss banks to dodge taxes.

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