Managers of Wealth Americas

Julius Baer cautious about outcome of US tax evasion probe

Julius Baer is one of 11 Swiss banks under pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.

New York sues banks over fraudulent foreclosures

The state is suing JPMorgan Chase, Bank of America and Wells Fargo, along with Virginia-based MERSCORP, which it called a "shell company" set up by the banks to process home loans they made but which became a dumping ground for poorly documented

Some U.S. banks awash in ID theft tax-fraud proceeds as IRS cracks down

The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.

Feds hasten financial crisis probes amid election year

The traders are charged with artificially boosting the prices of battered RMBS in 2007 to earn higher bonuses.

Swiss Bank Charged With Helping U.S. Clients Evade Taxes

Prosecutors said that from 2002 to 2011, more than 100 U.S. taxpayers conspired with Wegelin

American Muslims Don't Want Shariah - Study

In fact, the study indicates that Muslims are just as unwilling to accept Islamic law as non-Muslims.

'Dead' trader found working in Las Vegas casino fined $90,000

Jones had disappeared over three decades earlier from Highland Park, Illinois.

Baker Tilly International Revenues Grow 5 Percent

Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.

Deadline Approaching for Family Office Compliance

One of the many regulatory changes brought about by the Dodd-Frank Wall Street Reform and Consumer Protection Act, this new “family office rule,” provides a broad exemption from SEC registration for many family offices.

Swiss urge U.S. tax deal to shield other banks

Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.

One Stanford Client Lost $20 Million, Ex-Executive Testifies

Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.

Stern Tannenbaum forms new practice group

Frumento and Korenman will also lead an inter-disciplinary practice to serve the legal needs of senior officers of public companies.

Exclusive: Senate investigating HSBC for money laundering

The inquiry being conducted by the Senate Permanent Subcommittee on Investigations could yield a report and congressional hearing later this spring, these people said.

Hedge funds prepare legal battle with Greece

This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.

Merrill Lynch Fined $1 Million for Bonus Clawbacks

“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre

Prosecutor: Stanford stole investors' money

But one of Stanford's attorneys told jurors the financier was a resourceful businessman whose financial empire, which spanned the U.S., the Caribbean and Latin America, was real and paid investors every penny that was promised to them.

Major US Banks Reach Deal on Deceptive Foreclosures

On Monday, five banks — Bank of America, Wells Fargo, JPMorgan Chase, Citibank and Ally Financial — reached a draft settlement of the dispute with the states' top legal officials.

Freshfields launches financial investors group

Private equity firms, including Blackstone Group, are also becoming alternative asset managers and broadening their activities beyond typical private equity firms, Higgins added.

Merrill Lynch Must Pay Former Red Sox Catcher $1.2 Million

An arbitration panel has ruled that Merrill Lynch must pay roughly $1.2 million to former Boston Red Sox catcher Douglas Mirabelli and his wife for giving the couple allegedly inappropriate investment advice.

Dexia sues JP Morgan over $1.7bn in mortgage bonds alleging fraud

Dexia in October agreed to split itself when its interbank lending sources dried up amid the Europe's stressed economies. Dexia had come to rely heavily on short-term lending and government support after it was battered by the financial crisis, partl

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