Managers of Wealth Americas

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.

Ashurst finance partner defects to Paul Hastings' City arm

He is one of the leading Italian finance partners, has practiced in the UK since 1996, and leaves Ashurst to take up his new role with the Firm.

Former head of Linklaters US Tax Practice joins Duval & Stachenfeld

He was the former head of the US Tax Practice for Linklaters and worked out of their New York office.

Banks Ask N.Y. Judge to Throw Out Libor Antritust Suits

Plaintiffs including the City of Baltimore and New Britain Firefighters’ Benefit Fund sued the banks in 2011, contending they “suppressed” the Libor -- a key metric to set interest rates for trillions of dollars in financial instruments.

How the Big Banks Lost and Homeowners Won in California

The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.

Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.

Judge slashes fees in Lehman Brothers class action

A federal judge in Manhattan has cut 31 percent from the fees sought by two law firms that won $516 million in securities settlements for Lehman Brothers investors last year.

Bank fees are still costly -- and going up at many banks

. Yet a growing number of big banks are using clearer labeling to help consumers to add up the real price tags on their accounts.

Julius Baer Sends 2,500 Employee Names to U.S., Le Temps Reports

Julius Baer declined to comment on the matter, the Swiss newspaper said.

Legal, Regulation & Compliance