Richard Magrann-Wells
Richard is a Senior Vice President and Willis’ Financial Services Practice Leader, based in New York. During his 25-year banking career, he has managed sales, trading and team structuring for some of the biggest financial institutions. A regular contributor to American Banker magazine and a blogger on Zurich’s Financial Community site, Richard writes about financial crime, operational and executive risk.
In part three of our JOBS Act analysis series, we discuss its amendments to the Securities and Exchange Acts, which allow companies' underwriters to issue research and recommendation on the qualifying companies they are underwriting.
Continue reading → Continue reading →
Overdraft Oversight Overboard? The new Consumer Financial Protection Bureau has announced that it will be reviewing overdraft policies and procedures at nine of the nation’s largest banks. One focus of the inquiry
Continue reading →
This week's stories include insider trading, dubious whistleblowers, Dodd-Frank ‘Volcker Rule’, mobile payment products, and some very bad behavior.
Continue reading → Continue reading →
With the signing of the JOBS Act 2012 (Jumpstart Our Business Startups), the ability for smaller companies to raise money—and financial institutions to get in trouble—just got easier.
Continue reading →
A New Class of Exports – Class Action Goes International Countries export when they have a surplus. Japan produces cars. France produces wine. America, well, America produces lawyers. In the last 12 years the number of countries that allow class actions …
Continue reading → Continue reading →
This week: hedge fund premiums, banking gambles, Madoff, Mets, an AME Church,foreclosures, and a White-hot development
Continue reading → Continue reading →
1. Nada De Novo ~ Not a Single New Bank in 2011 While banks continue to fail at an alarming rate (12 just since the beginning of this year), an even more disturbing revelation came to light this week: 2011 …
Continue reading → Continue reading →
We’ve gone through the Dodd-Frank Act with our clients in mind and prepared an annotated version as a reference or starting point for your study of the Act.
Continue reading → Continue reading →
1.The Dog Ate My Regulation. The Fed is Late Delivering the Volcker Rule. When the financial reform was being discussed shortly after the credit crisis, former Fed Chairman Paul Volcker suggested that federally insured banks should not be allowed to …
Continue reading → Continue reading →
1. Is SEC “Breaking the Buck” and the Money Markets? Money markets funds are funny animals. They are mutual funds, but unlike most funds they are extremely short term and invest in US Treasury bills and commercial paper. But what makes …
Continue reading → Continue reading →
