Managers of Wealth Americas

Facebook Seals Biggest Deal Since WhatsApp With India’s Ambani

Separately, Facebook said the deal would bring together JioMart, an ecommerce venture of Mukesh Ambani and its WhatsApp platform to enable people to connect with businesses.

No Gain, Lots of Pain

The stock market downturn portends big losses for government pension funds—and billions in new obligations for taxpayers.

CS sued for price rigging worth billions in corporate bonds, report says

The banks are accused of inflating spreads between the prices where they bought and sold odd-lot bonds

Fed policy lays the foundation for gold

With COVID-19 infections and their associated lockdowns ravaging demand across sectors of the US economy

Morningstar to Acquire Sustainalytics

The transaction consideration includes a cash payment at closing of approximately EUR 55 million

Linda Coberly Recognized on Crain’s 2020 List of The 50 Most Powerful Women in Chicago

She is a director and immediate past chair of the Board of Directors for Heartland Alliance

How Goldman Sachs’ Compliance Team Saved the Bank From Bribery Charges

The commission’s statement said, “The firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction and it is not being charged.”

Protecting Business Information During the COVID-19 Pandemic

When employees report to a workplace, the employer has a high level of control over the employees’ access to and use of company information.

How Banks Can Detect Money Mules in the Time of COVID-19

Most money-mule operations rely on establishing informal ties to the global financial sector.

SBA Paycheck Protection Program Uses and Forgiveness

Interest payments on any other debt obligations that were incurred before 2/15/2020 (not included in calculation of forgiveness amount)

How Merrill Lynch Is Preparing for SEC’s Regulation Best Interest

It’s a step up from the current standard, which requires broker-dealers to recommend investments that are merely “suitable” for clients

SEC outlook and governance trends for 2020

After a flat budget for fiscal years 2016 through 2018, funding was increased in 2019 to $1.68 billion.

US returns $300 million in stolen funds to Malaysia

Low and his family agreed to forfeit more than $700 million in assets and to date

Athene Fined $45 Million for Unlicensed Pension Risk Transfers

New York regulator said the firm illegally entered into 14 risk transfer deals.

Christie’s was ordered to pay up to $16.7 million for violating New York tax laws.

The tax lapses were not limited to New York locations. Between July 2013 and January 2017, Christie’s overseas sales offices delivered $189 million worth of goods to New York buyers.

Blackstone and Alnylam Enter Into $2 Billion Strategic Financing Collaboration to Accelerate the Advancement of RNAi Therapeutics

Blackstone Provides a Customized Investment at Scale to Enable Alnylam to Achieve Self-sustainable Financial Profile Without Need for Future Equity Financing

Legal, Regulation & Compliance