The Americas Banking News Network http://ambankers.net/ Mon, 11 Dec 2017 13:20:52 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png The Americas Banking News Network KohanaPHP Millennial-Led Advisory Leaves LPL's Corporate RIA News Team Friday, December 08, 2017 12:00 am http://ambankers.net/article/35634/millennial-led-advisory-leaves-lplamp039s-corporate-ria The new structure enables WWM to advance its long-term growth strategy. Wealth and Asset Management Ex-UBS senior strategist was 'fed up' News Aggregation Team Friday, December 08, 2017 12:00 am http://ambankers.net/article/35637/ex-ubs-senior-strategist-was-amp039fed-upamp039 He told a Manhattan federal jury on Thursday that he was let go shortly after he ignored a request to scrap a report about how a double-dip recession could hurt the hotel industry’s real estate. Wealth and Asset Management EMM Wealth Shortlisted for Family Wealth Report Awards 2018 News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35612/emm-wealth-shortlisted-for-family-wealth-report-awards-2018 The firms who have been shortlisted in these awards are all worthy competitors, and I would like to extend my heartiest congratulations. Wealth and Asset Management UBS Team Signing Edges True Private Wealth Assets Towards $1B News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35618/ubs-team-signing-edges-true-private-wealth-assets-towards-1b The Portland, Ore.-based team, which managed about $228 million at UBS, will lift the expanding indie RIA’s assets past $950 million, according to company officials. Wealth and Asset Management Private Wealth Systems Shortlisted for 2018 Family Wealth Report Awards News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35620/private-wealth-systems-shortlisted-for-2018-family-wealth-report-awards Recognition based upon Private Wealth Systems’ leadership in reshaping private wealth reporting landscape Wealth and Asset Management independent wealth management firm Acquires NPH Practice News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35624/independent-wealth-management-firm-acquires-nph-practice Lightyear Capital-Backed Firm Purchases Jacksonville Florida-Based Practice Wealth and Asset Management Old Mutual unit picks banks for $3.35 billion flotation: sources News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35633/old-mutual-unit-picks-banks-for-335-billion-flotation-sources Analysts at KBW and a second source who declined to be named said the IPO would involve 10 percent of the company. Wealth and Asset Management Passion, Not Profit, Is the Biggest Motivator for Collectors, a New Study Says News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35638/passion-not-profit-is-the-biggest-motivator-for-collectors-a-new-study-says Collecting is a passion that we share with many of our clients who are developing alternative legacies through their cultural pursuits. Wealth and Asset Management BNY Mellon WM on the hunt for acquisitions in int’l growth drive News Aggregation Team Wednesday, December 06, 2017 12:00 am http://ambankers.net/article/35606/bny-mellon-wm-on-the-hunt-for-acquisitions-in-intamprsquol-growth-drive The firm's international business fits into BNY Mellon Wealth Management, which also includes US domestic, family offices and trust businesses. Wealth and Asset Management Bank of the West Wealth Management Hosts Silicon Valley Millennial Event as part of BNP Paribas Wealth Management 2017 Global NextGen Experience Series News Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35603/bank-of-the-west-wealth-management-hosts-silicon-valley-millennial-event-as-part-of-bnp-paribas-wealth-management-2017-global-nextgen-experience-series "Innovation for Impact" event is a new addition to the annual series by BNP Paribas Wealth Management following events in Hong Kong and Paris Wealth and Asset Management Wells Fargo Loses $219M Rep to Ameriprise News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35622/wells-fargo-loses-219m-rep-to-ameriprise Wells Fargo Advisors did manage to add 37 new advisors in the third quarter, but its ranks were still off 3.5% compared to the year prior. People Moves Union Bank Appoints Stephen Sherline Head of Private Wealth Management for Southern California News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35635/union-bank-appoints-stephen-sherline-head-of-private-wealth-management-for-southern-california The Private Bank will further enhance the delivery of the bank's full range of capabilities, including comprehensive wealth planning, investment services, risk management, trust and estate services, banking, and lending. People Moves Piper Jaffray Appoints New CEO and President News Team Wednesday, December 06, 2017 12:00 am http://ambankers.net/article/35626/piper-jaffray-appoints-new-ceo-and-president Abraham joined Piper Jaffray in 1991 as an investment banking analyst. People Moves Franklin Templeton hires head of client investment solutions News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35602/franklin-templeton-hires-head-of-client-investment-solutions He will join on Jan. 8 and report to Ed Perks People Moves CalPERS executive Wylie Tollette to leave the system News Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35610/calpers-executive-wylie-tollette-to-leave-the-system Wylie Tollette, chief operating investment officer at the California Public Employees’ Retirement System, is leaving the system and returning to Franklin Templeton Investments. Tollette’s last day will be Jan. 5, 2018. Matt Flynn, a CalPERS in People Moves Richmond Fed Said to Tap McKinsey's Barkin as Its President News Aggregation Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35581/richmond-fed-said-to-tap-mckinseyamp039s-barkin-as-its-president Directors At The Federal Reserve Bank Of Richmond Have Chosen Thomas Barkin People Moves Judd Caplain named KPMG Global Head of Banking & Capital Markets News Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35594/judd-caplain-named-kpmg-global-head-of-banking-ampamp-capital-markets Judd succeeds Bill Michael, who is now Chairman & Senior Partner of KPMG in the UK. People Moves U.S Trust Announces New Hires in October News Team Friday, December 01, 2017 12:00 am http://ambankers.net/article/35580/us-trust-announces-new-hires-in-october Joseph Carter has joined the New York office as a Private Client Advisor. People Moves Ashurst scores Dentons partner in New York News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35558/ashurst-scores-dentons-partner-in-new-york Koppele, who has been a partner at Dentons for more than seven years, joined the global giant when it merged with Sonnenschein Nathan & Rosenthal in 2010. People Moves Mazars USA Grows New York Office with Elliot Horowitz & Company LLP News Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35561/mazars-usa-grows-new-york-office-with-elliot-horowitz-ampamp-company-llp The Elliot Horowitz & Company team will relocate to the Mazars USA New York office in May 2018 People Moves Morgan Stanley Fires Former Congressman News Aggregation Team Friday, December 08, 2017 12:00 am http://ambankers.net/article/35641/morgan-stanley-fires-former-congressman A Morgan Stanley spokeswoman confirms to HuffPost that the wirehouse fired Ford “for conduct inconsistent with our values and in violation of our policies. Legal, Regulation & Compliance SEC Continues Crackdown on Brokers Defrauding Customers News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35616/sec-continues-crackdown-on-brokers-defrauding-customers According to the SEC’s complaint, since the customers incurred significant costs with every transaction and the securities were held briefly, the price of the securities had to rise significantly for customers to realize even a minimal profit. Legal, Regulation & Compliance Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35615/former-company-insider-earns-more-than-41-million-for-whistleblower-tip The whistleblower is the third awarded by the SEC in the past week. Legal, Regulation & Compliance Former UVA football player sentenced to 40 years in $10 million fraud case News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35625/former-uva-football-player-sentenced-to-40-years-in-10-million-fraud-case This is essentially a case of theft,” Gibney said earlier Wednesday. The harm was not only to the victims’ finances, “but to their souls. Legal, Regulation & Compliance Former Hedge Fund Star Nehal Chopra Settles With SEC News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35628/former-hedge-fund-star-nehal-chopra-settles-with-sec The regulator says the Ratan Capital Management founder’s husband improperly shared investment recommendations with her and that she failed to disclose the arrangement with her clients. Legal, Regulation & Compliance JPMorgan, Santander partner in asset management in Brazil News Aggregation Team Wednesday, December 06, 2017 12:00 am http://ambankers.net/article/35605/jpmorgan-santander-partner-in-asset-management-in-brazil Santander has 263 billion reais ($81.4 billion) in assets under management in Brazil Legal, Regulation & Compliance Canada urgently needs more trade with China, but big hurdles lie in its path News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35593/canada-urgently-needs-more-trade-with-china-but-big-hurdles-lie-in-its-path Canadian Prime Minister Justin Trudeau is on tour in China to discuss trade, but experts say hurdles stand in the way of major progress Legal, Regulation & Compliance Israeli Billionaire's $10b Dollar Lawsuit Against Soros Frozen by Judge News Aggregation Team Friday, December 01, 2017 12:00 am http://ambankers.net/article/35589/israeli-billionaireamp039s-10b-dollar-lawsuit-against-soros-frozen-by-judge But U.S. court rejects request to dismiss case alleging defamation over Guinean mine read Legal, Regulation & Compliance Big U.S. banks in last-ditch push on regulatory relief bill News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35573/big-us-banks-in-last-ditch-push-on-regulatory-relief-bill The bill offers little relief for many bigger lenders but lifts a significant burden for smaller banks and custodians. Legal, Regulation & Compliance US Trial Threatens Funding For Turkey's Dollar-Dependent Banks News Aggregation Team Wednesday, November 29, 2017 12:00 am http://ambankers.net/article/35555/us-trial-threatens-funding-for-turkeyamp039s-dollar-dependent-banks Turkey's Deteriorating Finances Are Hurting The Country's Banks Legal, Regulation & Compliance Bitcoin makes major bourse debut at $15,000 News Aggregation Team Monday, December 11, 2017 12:00 am http://ambankers.net/article/35643/bitcoin-makes-major-bourse-debut-at-15000 First 20 minutes of trading sees volatility, with price rising to $16,600 per unit before going down FinTech How Morgan Stanley’s New Robo Helps its FAs Reach Downmarket News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35600/how-morgan-stanleyamprsquos-new-robo-helps-its-fas-reach-downmarket In other words, Morgan Stanley — whose traditional retail brokerage platform can require investment minimums of $1 million or more — is using technology to help it reach downmarket. FinTech 'One of the greatest shorting opportunities ever': Hedge funds ready to bet against Bitcoin News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35607/amp039one-of-the-greatest-shorting-opportunities-everamp039-hedge-funds-ready-to-bet-against-bitcoin Hedge funds, which have largely stayed on the sidelines, are waiting for the Chicago Mercantile Exchange's futures market to open to bet against the cryptocurrency FinTech How AI is rapidly changing the finance industry News Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35582/how-ai-is-rapidly-changing-the-finance-industry As the financial industry becomes increasingly reliant on AI, it is affecting the stability of many jobs. FinTech The First Cryptocurrency and Hedge Fund Backed by Gold and Diamonds Created by Joe Spinoso of Rabbit Investment, LLC News Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35590/the-first-cryptocurrency-and-hedge-fund-backed-by-gold-and-diamonds-created-by-joe-spinoso-of-rabbit-investment-llc Rabbit Investment, LLC announces the first gold and diamond asset backed cryptocurrency and hedge fund in progress. This means every cryptocurrency coin purchase will have 110% backing by real hard assets of gold and diamonds held in a USA located vault. FinTech Brazil's first online bank ramps up innovation News Aggregation Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35595/brazilamp039s-first-online-bank-ramps-up-innovation A year after launching its API platform, Banco Original is driving new initiatives related to artificial intelligence and data analytics FinTech Morgan Stanley launches robo-advisor News Aggregation Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35596/morgan-stanley-launches-robo-advisor It carries an investment minimum of US$5,000, and charges an advisory fee of 0.35% on assets under management. FinTech Worldsource Financial Management selects Broadridge's Wealth Management Platform News Team Monday, December 04, 2017 12:00 am http://ambankers.net/article/35598/worldsource-financial-management-selects-broadridgeamp039s-wealth-management-platform Worldsource has built strong, strategic partnerships with entrepreneurial advisors, planning firms and financial institutions across Canada since 1989 FinTech Expanded private funds statistics include proprietary information News Team Sunday, December 03, 2017 12:00 am http://ambankers.net/article/35584/expanded-private-funds-statistics-include-proprietary-information This is the first time the SEC expanded the statistical scope of Form PF. Unlike Form ADV, a public form required from private funds, Form PF goes into detail on proprietary information. FinTech As Bitcoin Tops $11,000, Hedge Fund Leader Ken Griffin Joins the Bubble Brigade News Aggregation Team Sunday, December 03, 2017 12:00 am http://ambankers.net/article/35591/as-bitcoin-tops-11000-hedge-fund-leader-ken-griffin-joins-the-bubble-brigade Financial institutions and big corporations are experimenting with blockchain technology to improve global payments and supply chain management. FinTech Buoyant emerging markets face a testing 2018 News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35632/buoyant-emerging-markets-face-a-testing-2018 Big risks are stronger US dollar and a China slowdown that hits global demand Alternative Investments Triad Advisors Welcomes Continuum Advisory To Its Platform News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35640/triad-advisors-welcomes-continuum-advisory-to-its-platform Move By Firm With $900 Million in Client Assets Highlights Triad's Expertise in Driving Growth For Hybrid Advisors Alternative Investments State Street Says Short-Volatility Trades Storing Up Trouble News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35611/state-street-says-short-volatility-trades-storing-up-trouble The billions of dollars backing bets that volatility in the stock market will keep sinking lower is “storing up trouble” for the future, State Street's CIO says. Alternative Investments Nippon Life to buy 25 pct of US asset manager News Team Friday, December 01, 2017 12:00 am http://ambankers.net/article/35577/nippon-life-to-buy-25-pct-of-us-asset-manager The transaction is subject to certain required approvals and expected to close by the end of 2017. Alternative Investments Chriss Is Shutting His $2 Billion Hutchin Hill Hedge Fund News Aggregation Team Friday, December 01, 2017 12:00 am http://ambankers.net/article/35579/chriss-is-shutting-his-2-billion-hutchin-hill-hedge-fund Hutchin Hill Capital, which invests across markets with teams trading different strategies, is the latest in a stream of firms to close this year. Alternative Investments J O Hambro Capital Management Launches Global Income Builder Fund News Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35562/j-o-hambro-capital-management-launches-global-income-builder-fund JOHCM's Multi-Asset team employs a differentiated bottom-up approach to investing across asset classes Alternative Investments BNY Mellon Investment Management Launches Multi-Asset Fund News Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35567/bny-mellon-investment-management-launches-multi-asset-fund Insight's Matthew Merritt, Steve Waddington and Michael Ford are the fund's primary portfolio managers. Alternative Investments Scotiabank submits a binding offer to BBVA to acquire its shares in BBVA Chile News Aggregation Team Tuesday, November 28, 2017 12:00 am http://ambankers.net/article/35531/scotiabank-submits-a-binding-offer-to-bbva-to-acquire-its-shares-in-bbva-chile If the transaction is completed, Scotiabank's Common Equity Tier 1 capital ratio will be impacted by approximately 100 basis points. Alternative Investments Portfolio Presentation Tool Helps Advisors Compare And Contrast News Aggregation Team Tuesday, November 28, 2017 12:00 am http://ambankers.net/article/35535/portfolio-presentation-tool-helps-advisors-compare-and-contrast The Portfolio Presentation Platform Can Be Used As A Selling Tool For Advisors Alternative Investments Vanguard to offer its first active ETF lineup in U.S. News Aggregation Team Tuesday, November 28, 2017 12:00 am http://ambankers.net/article/35550/vanguard-to-offer-its-first-active-etf-lineup-in-us Vanguard also said in a statement that one of the funds, as well as a new mutual fund, will use more than one factor in selecting stocks, and that all will begin trading in the first quarter of 2018. Alternative Investments Citigroup's investment bankers are challenging Wall Street's best — and they may be on the verge of a breakthrough News Aggregation Team Monday, December 11, 2017 12:00 am http://ambankers.net/article/35644/citigroupamp039s-investment-bankers-are-challenging-wall-streetamp039s-best-ampmdash-and-they-may-be-on-the-verge-of-a-breakthrough Citigroup's investment bank has ambitions to compete for the top spots in the league tables. Investment Banking Scotiabank Formalizes Agreement With BBVA to Acquire its Shares in BBVA Chile News Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35597/scotiabank-formalizes-agreement-with-bbva-to-acquire-its-shares-in-bbva-chile The Said family, which owns 31.62% of BBVA Chile, has waived its Right of First Refusal to acquire BBVA's shares of BBVA Chile, but maintains the right to tender all or a portion of its shares in the mandatory tender offer to be carried out by Scotia Investment Banking RBC, Scotiabank report Q4 rise in profits News Aggregation Team Wednesday, November 29, 2017 12:00 am http://ambankers.net/article/35552/rbc-scotiabank-report-q4-rise-in-profits The bank's profit for the three-month period ended Oct. 31 amounted to $1.88 per diluted share, up 14 per cent from $1.65 during the same period in 2016. Investment Banking JPMorgan predicts more investment banking pain before Christmas News Aggregation Team Tuesday, November 21, 2017 12:00 am http://ambankers.net/article/35481/jpmorgan-predicts-more-investment-banking-pain-before-christmas But the bank's analysts see light at the end of the tunnel in 2018, particularly for Wall Street rival Goldman Sachs Investment Banking Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III American Depositary Receipt Program of Jianpu Technology Inc. News Team Monday, November 20, 2017 12:00 am http://ambankers.net/article/35475/deutsche-bank-appointed-as-depositary-bank-for-the-sponsored-level-iii-american-depositary-receipt-program-of-jianpu-technology-inc We look forward to providing our high-quality client service and dedicated support to help drive the ADR program’s future success. Investment Banking Investment Bank Revenue May Decline, JPMorgan Analysts Say News Aggregation Team Monday, November 20, 2017 12:00 am http://ambankers.net/article/35476/investment-bank-revenue-may-decline-jpmorgan-analysts-say Banks with more exposure to equities will be preferred. Investment Banking Morgan Stanley Global CEO Targets Majority Stake In Bank’s Mainland China Operations News Aggregation Team Monday, November 13, 2017 12:00 am http://ambankers.net/article/35393/morgan-stanley-global-ceo-targets-majority-stake-in-bankamprsquos-mainland-china-operations James Gorman Says He’ll Be Looking For 51pc Ownership In The Mainland Investment Banking BNY Mellon to merge units to create $560bn fund powerhouse News Aggregation Team Monday, November 13, 2017 12:00 am http://ambankers.net/article/35403/bny-mellon-to-merge-units-to-create-560bn-fund-powerhouse There have been a smattering of big combinations recently. Investment Banking Wall St titans poised to grow in China after frustrating era News Aggregation Team Sunday, November 12, 2017 12:00 am http://ambankers.net/article/35383/wall-st-titans-poised-to-grow-in-china-after-frustrating-era In contrast, Morgan Stanley increased its stake in a partnership with Huaxin Securities to 49% earlier this year Investment Banking Goldman Sachs and China Investment Corporation Establish $% Billion Fund to Invest in United States Companies News Team Thursday, November 09, 2017 12:00 am http://ambankers.net/article/35352/goldman-sachs-and-china-investment-corporation-establish-billion-fund-to-invest-in-united-states-companies Goldman Sachs, through its Merchant Banking Division, will act as the sponsor and investment manager for the Cooperation Fund. Investment Banking Saxo Bank 2018 Outrageous Predictions News Team Friday, December 08, 2017 12:00 am http://ambankers.net/article/35631/saxo-bank-2018-outrageous-predictions The Fed loses independence as the US Treasury takes charge Comment, Analysis & Research Size Alone Does Not Dictate Asset Manager Success News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35613/size-alone-does-not-dictate-asset-manager-success The survey helps participants assess their operational effectiveness versus relevant peers and identifies actions to improve growth and profitability. Comment, Analysis & Research Global wealth more than doubled since 2002 News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35617/global-wealth-more-than-doubled-since-2002 However, the global financial crisis severely altered the pace and the pattern of wealth creation observed until 2007. Comment, Analysis & Research Ex-Morgan Stanley wealth chief sees 'tug-of-war' on Broker Protocol News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35619/ex-morgan-stanley-wealth-chief-sees-amp039tug-of-waramp039-on-broker-protocol The protocol’s fate was called into question when Fleming’s old firm, Morgan Stanley, opted to exit the agreement last month. Comment, Analysis & Research Size Alone Does Not Dictate Asset Manager Success News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35621/size-alone-does-not-dictate-asset-manager-success Vanguard and BlackRock aren’t squeezing out the smaller managers—the bad ones are weeding themselves out. Comment, Analysis & Research More Than Meets the Eye: How Operational Risk Rocked the Financial Sector Foundation News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35623/more-than-meets-the-eye-how-operational-risk-rocked-the-financial-sector-foundation Rensselaer Polytechnic Institute business professor’s research examines impact of banks’ exposure to operational risk Comment, Analysis & Research Gemini Survey Reveals Hedge Fund Assets are Migrating to Lower Cost Structures News Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35627/gemini-survey-reveals-hedge-fund-assets-are-migrating-to-lower-cost-structures 33% of survey participants have adopted a platform for manager allocations Comment, Analysis & Research Strong November U.S. job gains anticipated; wages seen rising News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35636/strong-november-us-job-gains-anticipated-wages-seen-rising November’s report will be the first clean reading since the storms, which also impacted September’s employment data. Comment, Analysis & Research Vanguard's Bogle Sees Pension Pain: 'It Will End Badly' News Aggregation Team Thursday, December 07, 2017 12:00 am http://ambankers.net/article/35639/vanguardamp039s-bogle-sees-pension-pain-amp039it-will-end-badlyamp039 The only return you get on a bond is from the interest coupon Comment, Analysis & Research Art and finance report News Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35599/art-and-finance-report A closer look at the growing art and finance industry Comment, Analysis & Research US expat groups vow to continue fight to end citizenship-based tax regime, repeal FATCA News Aggregation Team Sunday, December 03, 2017 12:00 am http://ambankers.net/article/35588/us-expat-groups-vow-to-continue-fight-to-end-citizenship-based-tax-regime-repeal-fatca Saturday’s Senate vote saw 51 Republican lawmakers vote to approve the Senate version of the so-called Tax Cuts and Jobs Act, and 49 senators – all Democrats – voting against it. Tax How Tax Bills Would Reward Companies That Moved Money Offshore News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35556/how-tax-bills-would-reward-companies-that-moved-money-offshore The Republican tax bills making their way through the House and Senate would allow companies to bring nearly $3 trillion in profits home, at greatly reduced tax rates. Tax Senate GOP clears another hurdle on the way to tax reform vote News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35557/senate-gop-clears-another-hurdle-on-the-way-to-tax-reform-vote The biggest shift could be adding a "trigger" mechanism that would raise taxes if U.S. economic growth doesn't generate as much revenue Tax Brazil Takes Aim at Investment Funds for the Wealthy News Aggregation Team Tuesday, November 28, 2017 12:00 am http://ambankers.net/article/35549/brazil-takes-aim-at-investment-funds-for-the-wealthy The government believes the closed funds are used by Brazil’s wealthiest families to invest large sums, often stemming from the sale of family assets. Tax Central Bank Speaks To Tax Reform: Here's What To Watch News Aggregation Team Monday, November 27, 2017 12:00 am http://ambankers.net/article/35534/central-bank-speaks-to-tax-reform-hereamp039s-what-to-watch The dollar moved in lockstep with 10-year Treasury yields, which weaved in and out of negative territory before settling the day lower. Tax Luring corporate money from tax havens is a big unknown for reform proposals News Aggregation Team Monday, November 27, 2017 12:00 am http://ambankers.net/article/35540/luring-corporate-money-from-tax-havens-is-a-big-unknown-for-reform-proposals Big chunks of these profits weren’t earned where companies said they were earned Tax Tax-hike fears fuel talk of HNW exodus from Northeast News Aggregation Team Monday, November 27, 2017 12:00 am http://ambankers.net/article/35547/tax-hike-fears-fuel-talk-of-hnw-exodus-from-northeast Billionaire hedge fund managers have blazed the trail south in recent years. Tax Effect Of Proposed Us House And Senate Tax Bills On Family Offices And Investment Vehicles News Aggregation Team Sunday, November 26, 2017 12:00 am http://ambankers.net/article/35521/effect-of-proposed-us-house-and-senate-tax-bills-on-family-offices-and-investment-vehicles The House bill would allow a portion of net business income allocated by pass-through entities Tax Seattle judge strikes down ‘wealth tax’ on people earning more than $250K News Aggregation Team Sunday, November 26, 2017 12:00 am http://ambankers.net/article/35522/seattle-judge-strikes-down-amplsquowealth-taxamprsquo-on-people-earning-more-than-250k The tax was expected to generate approximately $140 million for the Seattle coffers. Tax deVere CEO demands ‘firm action’ from Sec. Mnuchin on fatally-flawed FATCA News Team Friday, November 17, 2017 12:00 am http://ambankers.net/article/35457/devere-ceo-demands-amplsquofirm-actionamprsquo-from-sec-mnuchin-on-fatally-flawed-fatca The requirement for all banks around the world to provide detailed information to the IRS about American account holders outside the United States has resulted in banks refusing service to them. Tax San Francisco advances toward launching a public bank News Aggregation Team Sunday, December 03, 2017 12:00 am http://ambankers.net/article/35583/san-francisco-advances-toward-launching-a-public-bank Public banks are also gaining traction in the era of legalized recreational cannabis. Retail Banking CIBC fourth-quarter earnings beat expectations as TD’s results fall short News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35574/cibc-fourth-quarter-earnings-beat-expectations-as-tdamprsquos-results-fall-short CIBC reported its quarterly profit got a 25-per-cent bump thanks to ‘strong performance’ in the U.S. after CIBC’s purchase of PrivateBancorp. Retail Banking BNP Paribas targets US M&A growth with cross-selling pact News Aggregation Team Monday, November 27, 2017 12:00 am http://ambankers.net/article/35532/bnp-paribas-targets-us-mampampa-growth-with-cross-selling-pact Bank hopes closer ties between its commercial and investment banking teams in North America can generate 4% revenue growth by 2020 Retail Banking Compass House honors HSBC Bank with its Corporate Champion Award News Aggregation Team Monday, November 20, 2017 12:00 am http://ambankers.net/article/35464/compass-house-honors-hsbc-bank-with-its-corporate-champion-award Who led the company’s volunteer efforts Retail Banking RBC To Launch Its Own Robo-Adviser Business News Aggregation Team Wednesday, November 15, 2017 12:00 am http://ambankers.net/article/35417/rbc-to-launch-its-own-robo-adviser-business RBC Knows That A Growing Number Of Canadians Are Looking For A Digital Investing Solution Retail Banking Mastercard and Scotiabank team up to bring customers Scotiabank Masterpass News Team Wednesday, November 08, 2017 12:00 am http://ambankers.net/article/35348/mastercard-and-scotiabank-team-up-to-bring-customers-scotiabank-masterpass It enables consumers to pay for the things they want with the security they demand. Retail Banking Cards are going to go away, says Citigroup CEO Mike Corbat News Aggregation Team Sunday, October 29, 2017 12:00 am http://ambankers.net/article/35186/cards-are-going-to-go-away-says-citigroup-ceo-mike-corbat The piece of plastic is going away, and so how do we make sure that we embed ourselves in whatever the wallet of the future is? Retail Banking Peoples Bancorp Inc. And ASB Financial Corp. Announce Definitive Merger Agreement News Team Tuesday, October 24, 2017 12:00 am http://ambankers.net/article/35102/peoples-bancorp-inc-and-asb-financial-corp-announce-definitive-merger-agreement This is an attractive combination with one of the strongest banks in Ohio. Retail Banking BMO Named One of the Most Diverse & Inclusive Companies in the World News Team Tuesday, October 10, 2017 12:00 am http://ambankers.net/article/34932/bmo-named-one-of-the-most-diverse-ampamp-inclusive-companies-in-the-world BMO has been a champion of diversity and inclusion for more than 25 years. Retail Banking Bank of the West in major tech modernisation News Aggregation Team Monday, October 02, 2017 12:00 am http://ambankers.net/article/34814/bank-of-the-west-in-major-tech-modernisation A new online lending platform from Goldman Sachs Retail Banking Pritzker Group Plans to Raise a $1.5 Billion Private-Equity Fund News Aggregation Team Wednesday, October 25, 2017 12:00 am http://ambankers.net/article/35118/pritzker-group-plans-to-raise-a-15-billion-private-equity-fund The duo have already invited other wealthy families to co-invest in private-equity deals New Products & Services Ex-HMC Portfolio Manager Fellas Said To Be Launching Crypto-Focused Hedge Fund News Aggregation Team Friday, August 18, 2017 12:00 am http://ambankers.net/article/34242/ex-hmc-portfolio-manager-fellas-said-to-be-launching-crypto-focused-hedge-fund Fellas will be the new venture’s CIO, according to the Bloomberg article, while former Morgan Stanley executive Ronnie Potel will be managing partner. New Products & Services J.P. Morgan Asset Management Launches Two New ETFS: JPIH and JPEH News Aggregation Team Tuesday, April 05, 2016 12:00 am http://ambankers.net/article/26453/jp-morgan-asset-management-launches-two-new-etfs-jpih-and-jpeh As hedged versions of existing ETFs, JPEH and JPIH provide investors with the potential for higher returns New Products & Services Islamic finance’s global surge remains a missed opportunity for banks in US and Canada News Aggregation Team Friday, March 06, 2015 12:00 am http://ambankers.net/article/18667/islamic-financeamprsquos-global-surge-remains-a-missed-opportunity-for-banks-in-us-and-canada It’s a trend that has accelerated since the 2008 crisis shook confidence in conventional banking, prompting most of the world’s financial capitals from London to Dubai to join the battle to dominate the industry. New Products & Services Hawaii and Islamic Finance News Team Monday, March 02, 2015 12:00 am http://ambankers.net/article/18506/hawaii-and-islamic-finance Alsaboosi mentioned that Emirates airlines recently bought 120 new planes from Boeing New Products & Services FAAIF Brings Islamic Finance to the United States News Team Friday, October 17, 2014 12:00 am http://ambankers.net/article/15685/faaif-brings-islamic-finance-to-the-united-states Paldi explains that in general, educated Americans are excited to learn about new alternative financial structures and investment opportunities. New Products & Services Fallen Heroes of September 11, 2001 Congressional Gold Medals News Aggregation Team Friday, September 12, 2014 12:00 am http://ambankers.net/article/15087/fallen-heroes-of-september-11-2001-congressional-gold-medals The three medals were prepared and struck by the United States Mint and bear unique designs for the World Trade Center, the Pentagon, and Flight 93 in rural Pennsylvania. New Products & Services BNY Mellon launches MyOnCore to enhance oversight and transparency for investment manager outsourcing arrangements News Team Thursday, June 19, 2014 12:00 am http://ambankers.net/article/13450/bny-mellon-launches-myoncore-to-enhance-oversight-and-transparency-for-investment-manager-outsourcing-arrangements BNY Mellon, a global leader in investment management and investment services, has launched MyOnCore, an online portal that offers transparency and oversight to investment managers that have outsourced their middle-office operations. New Products & Services Vonnegut: Bitcoin's Place in Wealth Management News Aggregation Team Friday, June 13, 2014 12:00 am http://ambankers.net/article/13325/vonnegut-bitcoinamp039s-place-in-wealth-management Every financial adviser knows this story in one form or another. It is Friday afternoon, 10 minutes to the market close. New Products & Services Falah Capital sparks US Islamic finance? News Aggregation Team Monday, April 21, 2014 12:00 am http://ambankers.net/article/12036/falah-capital-sparks-us-islamic-finance The timing is very attractive and the evolution of Islamic ETFs is starting to swing higher New Products & Services Bank of Montreal posts fourth quarter profit fall, weighed by declines from wealth management, capital markets News Aggregation Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35604/bank-of-montreal-posts-fourth-quarter-profit-fall-weighed-by-declines-from-wealth-management-capital-markets The bank said its net income was also hurt by higher insurance claims from recent hurricanes that hit the US. Company Results BMO Financial Group Reports Net Income of $5.35 Billion, up 16%, for Fiscal 2017 News Team Tuesday, December 05, 2017 12:00 am http://ambankers.net/article/35609/bmo-financial-group-reports-net-income-of-535-billion-up-16-for-fiscal-2017 Reported net income of US$222 million and adjusted net income of US$231 million both increased $5 million or 2% compared to a year ago Company Results TD Bank Group Reports Fourth Quarter and Fiscal 2017 Results News Aggregation Team Thursday, November 30, 2017 12:00 am http://ambankers.net/article/35563/td-bank-group-reports-fourth-quarter-and-fiscal-2017-results This quarterly Earnings News Release Should Be Read In Conjunction With The Bank's Unaudited Fourth Quarter 2017 Company Results Canaccord Genuity reports Significant increased scale of global wealth management business News Aggregation Team Tuesday, November 07, 2017 12:00 am http://ambankers.net/article/35328/canaccord-genuity-reports-significant-increased-scale-of-global-wealth-management-business Working capital of $464.7 million, a decrease of $23.8 million from $488.5 million Company Results T. Rowe Price profit rises 19 percent on stock market gains News Aggregation Team Thursday, October 26, 2017 12:00 am http://ambankers.net/article/35157/t-rowe-price-profit-rises-19-percent-on-stock-market-gains Net revenue for the quarter was $1.22 billion Company Results AllianceBernstein Holding L.P. Announces Third Quarter Results News Aggregation Team Wednesday, October 25, 2017 12:00 am http://ambankers.net/article/35120/alliancebernstein-holding-lp-announces-third-quarter-results The firm's cash distribution per unit of $0.51 is payable on November 16, 2017, to holders of record of AB Holding Units at the close of business on November 6, 2017. Company Results Access National Announces Third Quarter 2017 Earnings News Team Wednesday, October 25, 2017 12:00 am http://ambankers.net/article/35128/access-national-announces-third-quarter-2017-earnings The transformative combination of Access National with Middleburg Financial continues on a successful progression. Company Results Raymond James Financial Reports 4th Quarter and Fiscal 2017 Results News Team Wednesday, October 25, 2017 12:00 am http://ambankers.net/article/35135/raymond-james-financial-reports-4th-quarter-and-fiscal-2017-results The record results generated in the quarter were largely attributable to substantial growth of Private Client Group assets in fee-based accounts Company Results Washington Trust Reports Third Quarter 2017 Earnings News Team Monday, October 23, 2017 12:00 am http://ambankers.net/article/35093/washington-trust-reports-third-quarter-2017-earnings The net interest margin was 2.93% for the third quarter of 2017, down by 4 basis points from the preceding quarter. Company Results Edward Jones Hits $1 Trillion in Assets News Aggregation Team Monday, October 23, 2017 12:00 am http://ambankers.net/article/35098/edward-jones-hits-1-trillion-in-assets The milestone comes a month after the firm launched a network for female advisors Company Results