Managers of Wealth Americas

M&T Bank Designated as a Best Place to Work for LGBTQ Equality

Achieves 100 percent score in 2020 Corporate Equality Index

U.S., Jersey sign $300 mln Abacha loot repatriation deal with Nigeria

The governments of Nigeria, Jersey and the United States said in a statement they had entered into an asset recovery agreement to repatriate forfeited assets to Nigeria.

Ogier advises consortium on financing of $3.4 Billion Take Private of Inmarsat

Ogier's Guernsey team included partner Christopher Jones, managing associate Paul Chanter and associate Jonathan Branch, who advised on Guernsey law aspects of the transaction.

Wells Fargo Lays off Wholesalers in Asset Management Arm

The decision to restructure the wealth client group represents a first step in this effort.

Central banks pool brainpower on digital currencies

The group will be co-chaired by the BoE’s deputy governor, Jon Cunliffe, and former ECB executive and recently appointed head of the newly formed BIS Innovation HUB, Benoît Cœuré.

IRS steps up fight against abusive micro-captive transactions

According to the IRS, nearly 80 percent of taxpayers who received its settlement offer elected to accept it.

Citi partners with Invesco’s Jemstep to launch robo-adviser

Citi Wealth Builder will be free for clients with at least $50,000 at the bank

Secure Act’s big impact on affluent clients

The massive changes to the rules around retirement savings are creating opportunities for advisers

5 policy hurdles thwarting federal regulators’ fintech ambitions

To protect financial consumers, “there's an increasing awareness, all over the world, that modernizing the regulatory infrastructure itself and bringing better tech into it is going to be key,” Jo Ann Barefoot

JPMorgan layoff continues: Bank to cut hundreds of jobs across consumer unit

At JPMorgan, the cuts are part of a broader review of operations as customers increasingly access banking services through mobile phones or digital platforms.

Securities Fraud Whistleblowers Rewarded for Assisting SEC

The second whistleblower, a harmed investor, provided vital information to the Commission that resulted in the recovery of victims’ assets. This whistleblower received a $45,000 award.

Investors Support California Act to Protect Forests Introduced Today

Domini Leads Investors Representing Over $440 billion to Support California Act

Appleby To Sponsor And Speak At Canadin Technology Summit In Bermuda

The aim of the Summit is to align technology initiatives between the governments and businesses in Bermuda and Canada.

Digital Assets: What to Do When the SEC Comes Calling

Below is a series of comments shared by the legal experts that participated in the WSBA/Linklaters forum on SEC investigations.

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

“You would get far more significant penalties from someone who has been in the business and is disappointed in what Wells Fargo has done,” said Thomas Vartanian, a law professor at George Mason University and former OCC official.

State Street partners with alts fintech platform iCapital Network

A strong partner with a solution that addresses the needs of the investor, fund manager and investment advisors and distributors is critical.

RollOnFriday Firm of the Year 2020 results reveal most lawyers are...happy

Over seven and a half thousand people from over 150 firms took part in the Firm of the Year 2020, rating how satisfied they were across six metrics: pay, career development, work/life balance, management, culture, and the office.

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

The OCC also announced charges against five other former senior executives of Wells Fargo and announced settlements with two others in a sweeping case covering alleged misconduct from the early 2000s through October 2016.

New York Responds to TRansition from LIBOR

Given the risks associated with the termination of LIBOR, the Department requires that each regulated institution submits its transition plan to the Department by February 7, 2020.

New York Enacts Zombie Property Law

If foreclosure proceedings have already commenced, file the necessary motions and paperwork to move the case to judgment foreclosure within three months

Legal, Regulation & Compliance