Managers of Wealth Americas

ABA Hits Out at New Credit Union Debt Rule

The association objects to further capital raising flexibilities for large credit unions that already receive tax exemptions

CDC Recommends Bank Workers Be in Third Phase of Vaccinations

In addition to financial workers, Phase 1c will include persons over 65 and those aged 16 to 64 with high-risk conditions, as well as workers in the transportation, food service, construction, IT and telecommunications, energy, media, legal, safety engine

US Collateral Account Best Practices

This Legal Update explores potential areas of concern for lenders associated with Collateral Account documentation and follows with considerations for drafting and best practices used to mitigate, and ideally avoid, potential issues associated with Collat

All U.S. Bank Regulators Should Require Banks To Incorporate Climate Change Risks Into Their Risk Management Frameworks And Disclosures

Those communities need our support, they need institutions to act, and they need representation when it comes to making these decisions that deeply affect them.

Federal Reserve Frees Up US Banks After Stress Test Results

On Friday the Fed updated the restrictions for the March quarter saying, “In light of the ongoing economic uncertainty and to preserve the strength of the banking sector, the Board is extending the current restrictions on distributions, with modific

Regulation alone will not strengthen Europe’s digital sector

The EU needs more risk-taking capital and reformed product markets

Brand New Litigation Boutique Is Already Beating Cravath On Bonuses

Wow, the firm isn't even a year old yet. Great work!

The U.S. Should Stop Helping Criminals Hide Money

Requiring companies to reveal their true owners would be a step in the right direction.

JPMorgan was losing bidder in $7bn battle for asset manager Eaton Vance

Revelation underscores competition among banks to bolster investment management divisions

In Final 2020 Meeting, Fed Looks to Bridge the Gap

Hints about new criteria, or even the pre-conditions for deviation from existing policy, will have implications for investors.

US Federal Reserve Joins the Network of Central Banks and Supervisors for the Greening of the Financial System

This action appears to anticipate the incoming Biden administration’s stated intention to rejoin the Paris Agreement, since the purpose of the Network is to:

SEC slaps former Argo boss Watson with fine for misrepresenting pay

The SEC said the money from the fine will be transferred to the general fund of the US Treasury.

Northern Trust Renews Partnership with Wharton Global Family Alliance

Three-year extension to include collaborative research on multi-generational families and their businesses December 10, 2020 10:00 AM Eastern Standard Time CHICAGO--(BUSINESS WIRE)--Northern Trust, a leading provider of wealth management services, a

Facebook faces multiple US lawsuits that could force sale of Instagram, WhatsApp

The lawsuits highlight the growing bipartisan consensus to hold Big Tech accountable for its business practices and mark a rare moment of agreement between the Trump administration and Democrats, some of whom have advocated breaking up both Google and Fac

US Cryptocurrency Creator Faces Criminal Tax Evasion Charges

Elmaani is charged with two counts of tax evasion, each of which carries a maximum sentence of five years in prison.

SEC shakes up market data rules

The adopted rules also update the method by which NMS market data is consolidated and disseminated, by fostering a competitive environment and providing for a new decentralized model that promises reduced latency and other new efficiencies.

Geneos Wealth Management Continues Successful Legacy as Privately held, Family-operated Financial Services Firm

Having executed a successful internal buyout, the firm is well positioned to continue its growth strategy with the now re-structured senior management team and reiterate its commitment to its advisors and the industry to remain a privately held company.

Legal, Regulation & Compliance