Managers of Wealth Americas

Former Biglaw Partner Suspended From Practice Of Law After Insider Trading Conviction

There is life after Biglaw.

Wells Fargo Raises Some Revenue-Sharing Fees for Asset Managers

It is difficult to assess the exact impact of the five-basis-point raise on the upper limit because Wells offers an alternative to funds of paying up to $25 per year per client account, she said.

Extradition hearing of former Abraaj CEO to start in London

US authorities want Arif Naqvi to stand trial in America on charges of fraud and money laundering

LPL Financial and JFC Financial Services Welcome Fogarty Wealth Management

Technology was a primary factor behind Fogarty’s decision to move his firm to LPL and JFC.

Linklaters and Allen & Overy reopen London offices as New York gears up for easing of lockdown

The phased, and cautious re-openings by law firms in London look set to become the norm as the lockdown eases — in a detailed update on its plans CMS.

MetLife Completes Longevity Reinsurance Transaction

Under the terms of agreement, Metropolitan Tower Life Insurance Company will provide reinsurance to PIC for longevity risk associated with approximately £280 million of pension liabilities.

Deutsche Bank Pays $10.25M in Reporting Failures, Spoofing Settlements

The consent order stems from a complaint filed in August 2016, after an unprecedented swap reporting platform outage at Deutsche Bank that began on April 16, 2016.

Frontier Communications executives receive bonuses with firm in bankruptcy

The massive bonuses handed to top management stand in stark contrast to the massive underfunding of worker pensions.

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Morgan Stanley to Reopen About 50 Branches Next Week

New cases have accelerated in some areas where restrictions have been lifted, and public health officials have expressed concern over the possibility of a resurgence of the virus.

Bonuses Tied to Diversity in Banks’ Push for Long-Awaited Change

The announcement comes amid nationwide protests over racial injustice that are drawing scrutiny of the roles banks have played in creating and perpetuating economic disparities.

Wells Fargo to Sell Global Alternative Investments Feeder Fund Platform to iCapital Network

As part of the transaction, iCapital will offer employment to a team of Wells Fargo employees who currently support operations for the GAI Feeder Fund Platform.

Barnes & Thornburg opens New York office

The exceptional team we’re building in New York will be able to leverage the firm’s deep bench of sophisticated, talented attorneys around the country to provide unrivalled value to our clients in this highly competitive space.

Powell: US Faces Long-Term Damage As Downturn Persists

The threat of the virus itself is still a major unknown factor, too, he said, as many people will remain cautious about going out until they think the virus is contained.

US banks paid nearly twice as much in dividends as they earned

FDIC says it is monitoring payouts after loan loss provisions ballooned in first quarter

Wealth solution providers join forces to bolster LatAm offering

Strategic alliance will allow both firms to grow their offerings

Pension fund AustralianSuper delays NY office opening due to COVID-19

The office space will now open when virus restrictions allow, Delaney said, adding he expected that to be in the first half of 2021.

PPP forgiveness process constrains lenders, small businesses, bankers say

In a letter Friday, 47 senators bemoaned the 11-page document as unwieldy as banks repurpose staff for the next stage of coronavirus relief.

Bank of England 'Putting Lives at Risk’ in Legal Dispute Over Venezuelan Gold Sovereignty

The Bank of England (BoE) has been accused of “putting lives at risk” after denying a request from Venezuela to release more than £800m from the South American country's gold reserves currently withheld by the UK.

JPMorgan to Start Bringing More Traders Back to Office Next Week

Wall Street firms are developing ways to return to office life as New York has begun the first of a four-phase reopening plan after companies shut many of their offices to help stem the spread of the deadly coronavirus.

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