Managers of Wealth Americas

Brazil Central Bank ends rate hikes

The bank has signalled since June that rates will likely be held for a “very prolonged” period.

Trump targets banks with order barring discriminatory 'debanking'

The order was largely in line with industry expectations, with regulators getting 180 days to examine firms for discriminatory activities

Wells Fargo won’t face class-action mortgage discrimination lawsuit

A federal judge denied class action certification in a mortgage redlining lawsuit against the lender, saying the plaintiffs “did not identify any ties that bind for purposes of commonality.”

JPMorgan denied it closed account linked to former Kansas governor on religious grounds, letter shows

The information your organization gave to us at account opening triggered our request for additional information.

Economists assess the consequences differently.

Measures follow Banco Master case and include higher surcharges, stricter allocation rules

Brazil tightens credit fund rules to limit bank risk-taking

The transaction has sparked scrutiny as it involves two similarly sized banks

US consumer finance watchdog to revise open banking regulations

CFPB’s decision follows a federal judge's pause on a lawsuit aiming to strike down these regulations.

Texas Offers Guidance on Advisors Using Fintech Tools to Access Held-Away Accounts

The guidance strikes a more platform-friendly tone than prior alerts out of Ohio and Missouri, but stressed that advisors must use the tools to meet “legal and regulatory obligations.”

5 million dollars gone: Embezzlement case at the CFA Institute

He allegedly used the funds to finance a lavish and lavish lifestyle.

TD Asset Management Inc. Announces the Termination of the TD Global Carbon Credit Index ETF

Prior to the Termination Date, TDAM will, to the extent reasonably possible, sell and convert the assets of the Terminating ETF to cash.

Linklaters advises Ontario Teachers’ Pension Plan Board on its acquisition of DONTE GROUP

The investment Linklaters facilitated reflects Ontario Teachers’ conviction in DONTE GROUP

Trump and the US labour market

The administration has even suggested that ‘naturalized’ US citizens – those with citizenship but not through birth – may be at risk of deportation.

Trump’s One Big Beautiful Bill Act Ends SEC Fund Used For In-House Tech Needs

The agency established the Reserve Fund in the wake of the Great Financial Crisis.

Bank of America Advisor Banned After Stealing $2.58 Million From NFL Player

According to the police, Williams received $435,000 from Graham’s checking account between October 2019 and September 2021.

Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations

Shareholders want Zuckerberg and the other defendants to reimburse the company for more than $8 billion in fines

Morgan Stanley, Goldman to Settle Lawsuit Over Archegos Trades

The investors, led by Frank Capital Partners, sued months after Archegos’ collapse

Brazil’s Central Bank hack spills into crypto as $40m laundered via Bitcoin, Ethereum, and stablecoins

According to local news outlet g1 Globo, Roque later helped build a system to enable the theft for an additional $1,800.

Banks urge US Treasury to hit ground running in ending paper cheques

The executive order is described in the letter as ‘mark[ing] a pivotal step forward in public-private collaboration to deliver faster, more secure, and modern payment solutions

Amundi warns US stablecoin policy could destabilise global payments system

JPMorgan expects the amount of stablecoins in circulation to roughly double to $500 billion in the next few years, although some estimates have put it as high as $2 trillion.

Trump calls on US central bank head to quit immediately

Despite the president's continued criticism of Mr Powell, he said earlier this year that had "no intention of firing him".

Legal, Regulation & Compliance