Wealth and Asset Management

Optimize Wealth Management Furthers its Nationwide Expansion

Wealth management firms among those that have taken PPP loans during coronavirus pandemic

RBC commits C$150 million to diversity push, aims for more minority executives

Montreal fintech raises $16m to enter wealth management services

Wealth management firm launches legal practice

Morgan Stanley Launches Single Family Office Best Practices Report in Response to 10-fold Increase in Family Offices Since 2008

People Moves

LPL Financial Welcomes CenterPoint Wealth Advisors

Sanctuary Wealth Adds $500 Million, All-Female Team from Morgan Stanley

Mitchell Harris to Retire as CEO of BNY Mellon Investment Management and Hanneke Smits Appointed as CEO of BNY Mellon Investment Management

Lincoln Financial Group Names New Head of Finance and Actuarial for Group Benefits Business

UBS lost five Miami-based advisors since last week

Greenberg Traurig Expands Real Estate Practice in Los Angeles, Adds Michael Seiden

Legal, Regulation & Compliance

FNZ and State Street Collaborate On New Wealth Management Servicing Venture

Sequoia Financial Group Partners With Kudu Investment Management

OCC Expands FFIEC Statement, Provides Guidance to Banks on Managing LIBOR Transition

Banks are ditching London offices and not just because of Covid-19

Nigerian fraudster ‘Hushpuppi’ given St. Kitts-Nevis passport in February 2020 nabbed by FBI

BankThink Repealing brokered deposit law would be a costly mistake

FinTech

Financial Services Firms Accelerating Technology Transformation to Navigate the Pandemic, New Broadridge Study Finds

Technisys Named A Regional Leader For The Americas In IBSI SLT For 2020

Exclusive: JPMorgan drops terms 'master,' 'slave' from internal tech code and materials

VoPay, Inverite to expand Open Banking payments coverage

Morningstar, Morgan Stanley adopt new content management tool

Regions Bank is top regional bank in the J.D. Power 2020 U.S. Online Banking Satisfaction Study

Alternative Investments

The Venture Capitalists Forging Ahead

Astor Capital Fund to Establish Charitable Giving Wing – $47M Project

Japan’s Sumitomo Mitsui Trust opens US office

Hiscox launches variable consortium for hard-to-place general liability risks

United Insurance Holdings announces a $30m cat loss in Q2

Ares Management Corporation Completes Acquisition

Investment Banking

Banks are ditching London offices and not just because of COVID-19

Goldman Sachs top M&A adviser by deal value in first half of 2020

Sumitomo Mitsui Trust Asset Management opens New York office

BBVA USA opens 15 de novo branches with updated banking model

BNY Mellon Investment Management and Wilshire Associates Launch Transformative Advisor-Focused Custom Target Date Platform

Credential phishing attack impersonates Bank of America

Comment, Analysis & Research

Vontobel AM teams up with NY firm to launch fund

Gold Funds Underpin Pandemic Price Rally as Jewelers Vanish

JPMorgan Chase: US adds 4.8 million jobs as unemployment falls to 11.1%The reversal

How Much Money Americans Actually Make

Citi’s Brazil CEO Works in a Near-Empty Tower Handling a Loan Surge

John Paulson to turn hedge fund firm into family office

Tax

Canada Revenue Agency: How to Build a Tax-Free Pension

Millionaires in Latin America Weigh Moving to Sidestep Tax Grab

Three key considerations for tax and legal leaders

Global tax guide to doing business in...

Latin America’s taxing problem

For less than $400,000 you can now get Uruguay tax residency

Retail Banking

National Bank in Colorado joins growing list of banks closing branches

Yieldstreet Launches New Private Business Credit Vertical

Bank of America takes stake in Dubai's Emirates NBD

LPL Bank and Credit Union Investment Program Managers Make Up One-Third of Industry Top 30 List

HSBC to sell US retail arm as part of more 'drastic' overhaul: reports

Heartland BancCorp Ranks #58 on American Banker Magazine’s Top 200 Publicly Traded Community Banks and Thrifts List for 2020

ESG

Embedding ESG into banks’ strategies

Investors in Canada Turn to Sustainable Investing Amid Protests

E, S or G: Which drives outperformance?

Age of extinction: the race to save the planet

Why Asset Managers Should Keep The ESG Momentum Going

Sustainable investing after COVID-19

Covid-19

Has globalisation peaked?

Managing credit risk during a global pandemic—key considerations and best practices

The COVID-19 pandemic: How it’s impacting asset management sales teams

Wealth management response to COVID-19

How to avoid the virus as the world reopens

The Covid crisis and the Oceans