Managers of Wealth Americas

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.

Bankers can't always hide behind bad legal advice

The Deutsche case is a lawyer’s worst nightmare. A quick Google search by defense counsel discovered that a juror at David Parse’s trial may not have been the housewife she professed to be.

Liechtenstein Informs Bank Clients of U.S. Tax-Evasion Request

Liechtenstein’s second-biggest bank, also known as LLB, is one of 11 financial firms, including Credit Suisse Group AG and Julius Baer Group Ltd., being investigated as part of a U.S. probe of offshore tax evasion.

Wealth Manager Isn’t Waiting for Adoption of Fiduciary Standard

Genworth supports more than 6,000 financial advisors and manages more than $20 billion in AUM.

Deloitte announces new head of Global Governance, Risk & Compliance

John Levis, Global Managing Director of Integrated Market Offerings*, DTTL, added, "The Deloitte member firm network is consistently acknowledged as a market leader in risk services by industry analysts

US groups tussle over investment adviser oversight

Two sides in an industry divided over how to oversee investment advisers faced off on Wednesday before U.S. lawmakers considering a bill that would ramp up protections for investors.

Linklaters expands US tax practice with hire of former Dewey pair

They joined from dissolved international firm Dewey & LeBoeuf LLP.

Bear Stearns in $275 mln shareholder settlement

The all-cash settlement, disclosed Wednesday night, resolves claims against Bear and several former executives including long-time chief executive James Cayne, his successor, Alan Schwartz, and former chairman Alan "Ace" Greenberg.

Winston & Strawn hires experienced private investment fund formation attorney

He joins Winston from Proskauer Rose

Prosecutor in Swiss bank cases resigns

He joined the Division of Enforcement in 1995 initially serving as a staff attorney, and then as Senior Counsel.

Ex-UBS Client Roessel Pleads Guilty in Offshore Tax Case

Former UBS AG client Wolfgang Roessel pleaded guilty to failing to report more than $11 million in Swiss accounts to the U.S. Internal Revenue Service.

Wells Fargo Cites Strength of Risk Panel After JPMorgan Blunder

"You simply can't take your eye off the risk side," Stumpf said today at a New York investor conference, in response to a query about trading losses at JPMorgan, the biggest U.S. bank. "Just because something worked for a while doesn&#

Miami Hedge Fund Adviser Charged for Misleading Investors About "Skin in the Game" and Related-Party Deals

Bulltick, Guerra, and former Quantek operations director Ralph Patino are charged along with Quantek in the SEC’s enforcement action. They agreed to pay more than $3.1 million in total disgorgement and penalties to settle the charges, and Guerra and

Phoenix-based investment adviser and firm with fraud - SEC

Both investments later failed. And when Clarke’s own financial problems prompted him to sell a stake in Oxford to a client, he fraudulently inflated the value of his firm by at least $1.5 million to make the client overpay by at least $112,000.

Legal, Regulation & Compliance