The Americas Banking News Network http://ambankers.net/ Fri, 16 Nov 2018 01:44:12 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png The Americas Banking News Network KohanaPHP SEI Named 'Top OCIO Provider' News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39565/sei-named-amp039top-ocio-provideramp039 Company Recognized for Second Consecutive Year Wealth and Asset Management LPL Financial Welcomes Levy, Daniel and McGee Wealth Management News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39569/lpl-financial-welcomes-levy-daniel-and-mcgee-wealth-management McGee said of their decision to associate with LPL: "We chose LPL for their service and support and because we wanted an independent partner that gives us the choice and freedom to serve our clients' best interests, which is fundamental to our b Wealth and Asset Management Glenmede and Stonehage Fleming agree strategic alliance News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39576/glenmede-and-stonehage-fleming-agree-strategic-alliance Through this agreement, Glenmede and Stonehage Fleming, the third- and second-largest independent multi-family offices in the world1, will expand their respective client offerings and geographical capabilities. Wealth and Asset Management JPMorgan looks to expand newly opened wealth management office in Baltimore News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39557/jpmorgan-looks-to-expand-newly-opened-wealth-management-office-in-baltimore The office has eight employees and is led by Scott Canuel, a former national managing director at PNC Financial Services Group Inc. who oversaw wealth management for the Annapolis area and the Eastern Shore. Wealth and Asset Management Alexandria Capital Partners with Eagle Point to provide HNW clients with access to CLO investments News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39554/alexandria-capital-partners-with-eagle-point-to-provide-hnw-clients-with-access-to-clo-investments Investment firm Alexandria Capital has partnered with specialist investment manager Eagle Point Credit Management (Eagle Point) to provide access to collateralised loan obligation (CLO) investments via its family office and high net worth client platform. Wealth and Asset Management enTrust Wealth Advisors Announces its Launch as an Independent Registered Investment Advisor News Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39543/entrust-wealth-advisors-announces-its-launch-as-an-independent-registered-investment-advisor enTrust Wealth Advisors, LLC has officially launched as an independent SEC-Registered Investment Advisor (RIA). Wealth and Asset Management Wells Fargo merges wealth division with private bank News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39546/wells-fargo-merges-wealth-division-with-private-bank A new job role will be created to manage the merged unit, which does not yet have a name. Wealth and Asset Management Wells Fargo to combine private bank with ultra-rich client business News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39511/wells-fargo-to-combine-private-bank-with-ultra-rich-client-business Leaders of the three units, who have not yet been named, will report to Jon Weiss, head of wealth and investment management. Wealth and Asset Management BMO Global Asset Management Receives Multiple Honours at 2018 Lipper Fund Awards News Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39512/bmo-global-asset-management-receives-multiple-honours-at-2018-lipper-fund-awards Mutual funds and ETFs both recognized Wealth and Asset Management Northern Trust Wins Two Best Private Bank Awards News Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39513/northern-trust-wins-two-best-private-bank-awards The Financial Times Group Awards Northern Trust with Best Private Bank for Family Offices Globally and Best Private Bank for Customer Service in the U.S. Wealth and Asset Management Goldman Sachs appoints new Florida, LatAm wealth head News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39562/goldman-sachs-appoints-new-florida-latam-wealth-head Goldman Sachs Private Wealth Management mainly services Latin American clients through its Miami office, though it also has an office in São Paulo. People Moves UBS Hires Bankers for New Group Courting Pensions, Wealth Funds News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39573/ubs-hires-bankers-for-new-group-courting-pensions-wealth-funds Power, utilities, infrastructure group combining with sponsors People Moves Greenberg Traurig Continues Strategic Growth News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39575/greenberg-traurig-continues-strategic-growth Woolsey focuses his practice on his clients' most complex business transactions, including mergers and acquisitions, minority and control investments, joint ventures and fund formations. People Moves Raymond James grabs 12-person Wells Fargo team News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39551/raymond-james-grabs-12-person-wells-fargo-team Advisors from Financial Services & Investment Strategies Group in Mountain Home, Arkansas, declined a request for an interview. People Moves Goldman Sachs Appoints New Regional Head of Wealth Management News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39531/goldman-sachs-appoints-new-regional-head-of-wealth-management Barlick began his industry career at Goldman Sachs as well, in 2000, according to BrokerCheck, and joined the firm’s private wealth management unit in Miami in 2004, the company says. People Moves Chilean group's asset management CIO exits News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39520/chilean-groupamp039s-asset-management-cio-exits Prieto confirmed to Citywire Americas he has joined Santiago-based firm Rodeo Asset Management. People Moves Manulife Asset Management Further Strengthens Global Asset Allocation Team News Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39521/manulife-asset-management-further-strengthens-global-asset-allocation-team Three New Hires And Multiple Internal Promotions Part Of Firm's Ongoing Commitment To Solutions Business People Moves Macquarie Investment Management Expands Institutional Distribution Efforts News Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39523/macquarie-investment-management-expands-institutional-distribution-efforts Jacques joined Macquarie from WisdomTree Asset Management, where he spent eight years as a director of sales in its central territory. People Moves Goldman Sachs Appoints New Regional Head of Wealth Management News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39529/goldman-sachs-appoints-new-regional-head-of-wealth-management Ferrero has been registered with the firm during his entire 28-year career in the securities industry, according to his BrokerCheck profile. People Moves Torino Capital appoints Managing Director News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39527/torino-capital-appoints-managing-director He will join Torino as a Managing Director focused on arranging specialty finance solutions for U.S. and Latin American clients. People Moves Offshore Hedge Funds to Be Targeted by New IRS Rules Coming Soon News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39572/offshore-hedge-funds-to-be-targeted-by-new-irs-rules-coming-soon The soon-to-be-released rules will also likely encompass “quite a few other issues” Legal, Regulation & Compliance Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39552/japanamprsquos-banking-giant-mufg-signs-mou-to-develop-ripple-based-remittances-to-brazil “The new payment system [...] will assist the banks as they work toward commercializing a high-speed, transparent and traceable cross-border payments solution between Japan and Brazil,” Legal, Regulation & Compliance Danske Scandal Could Involve US Banks News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39558/danske-scandal-could-involve-us-banks Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states. Legal, Regulation & Compliance Goldman Sachs to be Banned in Malaysia? Mahathir Drops Strong Hint Top U.S. Bank May be Blacklisted After 1MBD Fiasco News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39561/goldman-sachs-to-be-banned-in-malaysia-mahathir-drops-strong-hint-top-us-bank-may-be-blacklisted-after-1mbd-fiasco Mr Mahathir has also refused to rule out banning Goldman from Malaysia. Legal, Regulation & Compliance Rabobank explores sale of U.S. retail, wealth operations: sources News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39544/rabobank-explores-sale-of-us-retail-wealth-operations-sources The sources said that the business up for sale is part of Rabobank N.A., the California-based unit of the bank Legal, Regulation & Compliance Expungement Warning: Lawyers are Selling Advisors False Promises News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39548/expungement-warning-lawyers-are-selling-advisors-false-promises Based on information shared with Concilla by the brokers who have been solicited, he says those lawyers charge as much as $3,000 a month until the case closes, which those lawyers estimate at around 14 months. Legal, Regulation & Compliance 22-Year Morgan Stanley Veteran Barred After Alleged $273 Improper Expense News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39549/22-year-morgan-stanley-veteran-barred-after-alleged-273-improper-expense According to Baldeck, “Morgan Stanley determined that I was reimbursed $272.94 from those funds to pay for meals with my daughters.” Legal, Regulation & Compliance Inter-American Development Bank Group and MAS collaborate to promote inclusive financial services News Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39550/inter-american-development-bank-group-and-mas-collaborate-to-promote-inclusive-financial-services We are happy to welcome participants from 15 countries in LAC to the Singapore FinTech Festival this year. Legal, Regulation & Compliance How Goldman’s high-flying Italian partner was embroiled in scandal News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39532/how-goldmanamprsquos-high-flying-italian-partner-was-embroiled-in-scandal Andrea Vella was placed on leave by the bank after being caught up in the 1MDB affair Legal, Regulation & Compliance Wells Fargo To Pay $43M To Settle RMBS Trustee Litigation News Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39534/wells-fargo-to-pay-43m-to-settle-rmbs-trustee-litigation The settlement also resolves a related action seeking declaratory relief against Wells Fargo, as well as claims by Wells Fargo against certain investment advisors. Legal, Regulation & Compliance Wealth management platforms evolve, attract millions in funding News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39563/wealth-management-platforms-evolve-attract-millions-in-funding The d1g1t platform syncs a financial plan to the investment mandate and the mandate to the portfolio and risk profile, so an advisor can keep track of the entire relationship and make adjustments as needed FinTech HSBC Bank Invests in Blockchain Startup Axoni News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39559/hsbc-bank-invests-in-blockchain-startup-axoni The bank’s backing raises the total of Axoni Series B funding to $36 million. FinTech Maestrano Says Platform Goes Live For "Major" US Banking Customer News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39560/maestrano-says-platform-goes-live-for-ampquotmajorampquot-us-banking-customer The launch of the platform followed a year of work alongside the bank developing new digital services FinTech Digital Reasoning Brings AI To Wealth Management News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39515/digital-reasoning-brings-ai-to-wealth-management Financial firms get feedback from disparate sources — email, chat, call center and web forms. FinTech Abacus Group acquires Hedgepoint Solutions News Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39526/abacus-group-acquires-hedgepoint-solutions Founded in 2001, Hedgepoint Solutions has provided a wide array of technology services to businesses across various industries and sectors FinTech Fincross International Launches as Next-Generation Investment Bank Bridging Gap Between Crypto and Fiat News Team Thursday, November 08, 2018 12:00 am http://ambankers.net/article/39497/fincross-international-launches-as-next-generation-investment-bank-bridging-gap-between-crypto-and-fiat Regulated company merging investment banking and fintech to create an ecosystem of digital financial products and services on the blockchain FinTech Black Diamond Integrates With Box News Team Wednesday, November 07, 2018 12:00 am http://ambankers.net/article/39488/black-diamond-integrates-with-box Box integration with SS&C Black Diamond enables advisors to access files easily and securely from customizable, cloud-based, all-in-one platform FinTech Fujitsu sets up new AI business in Vancouver News Aggregation Team Wednesday, November 07, 2018 12:00 am http://ambankers.net/article/39489/fujitsu-sets-up-new-ai-business-in-vancouver The new Fujitsu business is set to benefit from the strong support and cooperation of the British Columbia government, and the Canadian government. FinTech Crypto Asset Management Market Worth $207 Million by 2023 - Exclusive Report by MarketsandMarkets™ News Team Tuesday, November 06, 2018 12:00 am http://ambankers.net/article/39478/crypto-asset-management-market-worth-207-million-by-2023-exclusive-report-by-marketsandmarketsamptrade The cloud deployment type is expected to show a higher growth rate during the forecast period FinTech Second-Largest US Bank Wins Patent for Crypto Storage System News Aggregation Team Monday, November 05, 2018 12:00 am http://ambankers.net/article/39465/second-largest-us-bank-wins-patent-for-crypto-storage-system Such a product is certain to find a gracious market in quick order, and that they have a patent on the idea means they might for an extended period be the only game in town — if they commercialize it. FinTech IG Wealth Management recognized at 2018 Lipper Awards News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39570/ig-wealth-management-recognized-at-2018-lipper-awards Lipper® tracks 125,000 funds worldwide. Alternative Investments 2018 Global Alternative Fund Survey News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39556/2018-global-alternative-fund-survey Amid a shifting industry landscape, alternative asset managers continue to juggle a number of pressing strategic business issues Alternative Investments Managers ride A-share wave to attract more investments News Aggregation Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39545/managers-ride-a-share-wave-to-attract-more-investments Firms pile on strategies to offer institutions way into hot Chinese market Alternative Investments Family offices hungry for private equity News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39535/family-offices-hungry-for-private-equity Based on an admittedly limited but probably quite representative poll of 75 family offices worldwide, the report predicts a 73% rise in allocation to private equity by family offices from 2017 to 2019, or US$51 million to $88 million per family office. Alternative Investments Family Offices Continue to Favor Private Equity for High Returns News Aggregation Team Thursday, November 08, 2018 12:00 am http://ambankers.net/article/39499/family-offices-continue-to-favor-private-equity-for-high-returns Family offices’ increasing investment in private equity is primarily driven by the consistent, oversized return of this asset class Alternative Investments Alternative Managers Gravitating Toward Interval Fund Structure News Aggregation Team Thursday, November 08, 2018 12:00 am http://ambankers.net/article/39501/alternative-managers-gravitating-toward-interval-fund-structure That’s partly because institutional assets are shrinking. Alternative Investments TD Asset Management Inc. recognized at the 2018 Thomson Reuters Lipper Fund Awards News Team Thursday, November 08, 2018 12:00 am http://ambankers.net/article/39510/td-asset-management-inc-recognized-at-the-2018-thomson-reuters-lipper-fund-awards The TD North American Dividend Fund (Investor Series) and TD U.S. Monthly Income Fund (Investor Series) were recognized in their respective categories. Alternative Investments UBS Loses Veteran HNW Advisor to "Client- and Advisor-Friendly" Rival News Aggregation Team Thursday, November 08, 2018 12:00 am http://ambankers.net/article/39509/ubs-loses-veteran-hnw-advisor-to-ampquotclient-and-advisor-friendlyampquot-rival Farag has been in the industry since 1995 and spent the previous 16 years at UBS, according to his BrokerCheck profile. Alternative Investments Northern Trust Introduces New Alternatives Platform, Providing Highly Selective Hedge Fund Strategies News Team Tuesday, November 06, 2018 12:00 am http://ambankers.net/article/39476/northern-trust-introduces-new-alternatives-platform-providing-highly-selective-hedge-fund-strategies This platform offers exposure to recognized hedge fund managers across a range of strategies in a highly efficient and secure manner. Alternative Investments Morgan Stanley Investment Management Raises Approximately $400 Million for Eighth Private Growth Equity Fund News Team Tuesday, November 06, 2018 12:00 am http://ambankers.net/article/39484/morgan-stanley-investment-management-raises-approximately-400-million-for-eighth-private-growth-equity-fund The fund leverages access to the combined networks of Morgan Stanley, the Expansion Capital Team and Limited Partners of the Fund to originate investments, conduct due diligence and maximize value. Alternative Investments HSBC in talks to return to Brazil News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39537/hsbc-in-talks-to-return-to-brazil HSBC is speeding up negotiations to return to Brazil only three after the lender sold most of its operations in the country as Bolsonaro’s recent victory in the presidential election has triggered a rally in financial markets. Investment Banking Goldman Sachs chips away at partnership gender gap News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39514/goldman-sachs-chips-away-at-partnership-gender-gap Latest promotions mean 83 of the roughly 500 partners at the US banking giant are women Investment Banking Bank of America plans hiring spree to revive investment bank News Aggregation Team Wednesday, November 07, 2018 12:00 am http://ambankers.net/article/39496/bank-of-america-plans-hiring-spree-to-revive-investment-bank Move comes after leadership overhaul and slide in fees from M&A advisory work Investment Banking Goldman Sachs, mega-M&A purveyor, looks for smaller deals News Aggregation Team Tuesday, November 06, 2018 12:00 am http://ambankers.net/article/39483/goldman-sachs-mega-mampampa-purveyor-looks-for-smaller-deals These firms focus on "middle-market" transactions, which Goldman classifies as acquisitions between $500 million and $3 billion in size, a far cry from the mega-deals it has built its investment banking brand on. Investment Banking JPMorgan Spreads Its Urban Development Money to Paris News Aggregation Team Monday, November 05, 2018 12:00 am http://ambankers.net/article/39463/jpmorgan-spreads-its-urban-development-money-to-paris The area was in the center of the riots that devastated suburbs all over France a decade ago. Investment Banking MUFG Union Bank Expands Middle Market Capabilities with Acquisition of Intrepid Investment Bankers News Team Friday, October 19, 2018 1:00 am http://ambankers.net/article/39297/mufg-union-bank-expands-middle-market-capabilities-with-acquisition-of-intrepid-investment-bankers Founded in 2010, Intrepid Investment Bankers is a premier middle market platform providing M&A, capital raising and strategic advisory services to entrepreneurs and middle market companies across multi-sectors. Investment Banking Morgan Stanley outshines investment banking rivals News Team Wednesday, October 17, 2018 1:00 am http://ambankers.net/article/39268/morgan-stanley-outshines-investment-banking-rivals The presentation has been prepared solely for information purposes; it is not a solicitation of any offer to buy or sell any security or instrument, and has not been updated since it was originally presented. Investment Banking JPMorgan Chase eyes first branches in the Triangle News Aggregation Team Tuesday, October 16, 2018 1:00 am http://ambankers.net/article/39255/jpmorgan-chase-eyes-first-branches-in-the-triangle The developers behind both buildings didn’t immediately comment on JPMorgan’s plans. Investment Banking Natixis eyes stakes in boutique investment banks News Aggregation Team Tuesday, October 02, 2018 1:00 am http://ambankers.net/article/39109/natixis-eyes-stakes-in-boutique-investment-banks New head of French bank sees strategy as way to build global financial services network Investment Banking Women in banking: Advice on getting ahead from top JPMorgan execs News Aggregation Team Monday, October 01, 2018 1:00 am http://ambankers.net/article/39101/women-in-banking-advice-on-getting-ahead-from-top-jpmorgan-execs There are a host reasons why women are underrepresented in the top ranks of big companies. Investment Banking Four in 10 U.S. Workers Say Living Past 85 would be a Financial ‘Hardship,’ Wells Fargo Survey Finds News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39564/four-in-10-us-workers-say-living-past-85-would-be-a-financial-amplsquohardshipamprsquo-wells-fargo-survey-finds People with a “planning mindset” typically have more savings, less stress, and are more likely to say they’re “thriving” in life Comment, Analysis & Research Why The Super-Rich Regularly Stress Test Their Wealth Plans, And You Should Too News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39566/why-the-super-rich-regularly-stress-test-their-wealth-plans-and-you-should-too The complication was that some of his business dealings were being scrutinized and he wanted to make absolutely sure his tax planning would not cause him any problems. Comment, Analysis & Research Does Your Client Want to Save Money on His Life Insurance? News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39568/does-your-client-want-to-save-money-on-his-life-insurance Remember that cost and price are very different things. Comment, Analysis & Research Fed Reserve governor Brainard on what we are learning about AI in financial services News Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39553/fed-reserve-governor-brainard-on-what-we-are-learning-about-ai-in-financial-services Through our Fintech working group, we are working across the Federal Reserve System to take a deliberate approach to understanding the potential implications of AI for financial services, particularly as they relate to our responsibilities. Comment, Analysis & Research Hedge funds down 3.07 per cent in October News Aggregation Team Wednesday, November 14, 2018 12:00 am http://ambankers.net/article/39555/hedge-funds-down-307-per-cent-in-october Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.64% in November. Comment, Analysis & Research The Millenni-factors: Wealthy Millennials have the will to change the world News Team Tuesday, November 13, 2018 12:00 am http://ambankers.net/article/39547/the-millenni-factors-wealthy-millennials-have-the-will-to-change-the-world The survey also indicates that other generations of high-net-worth individuals, including Boomers and Gen Xers, are less likely to report the same feelings. Comment, Analysis & Research Why Family Offices Need To Prioritize Cyber-Security News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39533/why-family-offices-need-to-prioritize-cyber-security Considering that almost 50% of Ultra High Net Worth family wealth is being managed through Family Offices, it is critical that adequate measures are put in place to defend these firms from the growing threat of increasingly sophisticated cyber-attacks. Comment, Analysis & Research 'Democracy' in the banking sector News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39538/amp039democracyamp039-in-the-banking-sector Cloud has been, in her words, "a breath of fresh air" for financial institutions trying to reinvent themselves in the wake of the global financial crisis, as they grapple with a fall in money-making transaction fees. Comment, Analysis & Research FAs Are Making Critical Mistakes in IRAs, Expert Warns News Aggregation Team Monday, November 12, 2018 12:00 am http://ambankers.net/article/39539/fas-are-making-critical-mistakes-in-iras-expert-warns The Trump tax changes increased the standard deduction investors can receive from charitable giving Comment, Analysis & Research The Five Most Important Wealth Management Lessons From The Super-Rich News Aggregation Team Friday, November 09, 2018 12:00 am http://ambankers.net/article/39516/the-five-most-important-wealth-management-lessons-from-the-super-rich The following are often considered the five most important lessons you need to know to get the most benefit from wealth management. Comment, Analysis & Research Canada Revenue Agency lauds its war on tax evasion News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39571/canada-revenue-agency-lauds-its-war-on-tax-evasion According to the CRA, “Canada is committed to combatting offshore tax evasion and aggressive tax avoidance." Tax IRS Catches $10 Billion in Tax Fraud in 2018 News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39574/irs-catches-10-billion-in-tax-fraud-in-2018 The U.S., U.K., Canada, Australia, and the Netherlands formed the Joint Chiefs of Global Tax Enforcement earlier this year to share data, intelligence, technology, and methods to fight offshore tax crime. Tax U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens News Aggregation Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39577/us-multinationals-flee-no-tax-caribbean-havens-in-favor-of-low-tax-havens Tax experts say the driving force behind the move away from the most flagrant tax havens is a series of requirements from the Organization for Economic Cooperation and Development intended to stop companies from shifting profits abroad. Tax E. Cohen and Company, CPAs Expands Offerings with Launch of New Wealth Management Firm, Impact Capital, LLC News Team Friday, November 02, 2018 12:00 am http://ambankers.net/article/39458/e-cohen-and-company-cpas-expands-offerings-with-launch-of-new-wealth-management-firm-impact-capital-llc The award-winning accounting firm increases its value delivery model with integrated tax planning approach for lifetime support, taps seasoned expert Bill Bancroft to lead operations Tax Ecuador joins international efforts against tax evasion and avoidance News Aggregation Team Thursday, November 01, 2018 12:00 am http://ambankers.net/article/39431/ecuador-joins-international-efforts-against-tax-evasion-and-avoidance The Convention is the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters Tax Introduction of Country-by-Country reporting in Curaςao News Aggregation Team Friday, October 26, 2018 1:00 am http://ambankers.net/article/39378/introduction-of-country-by-country-reporting-in-curaampsigmafao Part of the new law concerns the master file and local file that needs to be available for the Curaςao Tax Department. Tax U.S., Israel Expected to Announce Talks on New Bilateral Tax Deal News Aggregation Team Monday, October 22, 2018 1:00 am http://ambankers.net/article/39316/us-israel-expected-to-announce-talks-on-new-bilateral-tax-deal The U.S.-Israeli agreement is outdated, and contain some of the highest tax rates in the world, at a higher rate than U.S. bilateral agreements with other nations Tax New tax break rules for ‘opportunity zone’ investors News Aggregation Team Sunday, October 21, 2018 1:00 am http://ambankers.net/article/39305/new-tax-break-rules-for-amplsquoopportunity-zoneamprsquo-investors About 8,700 zones have been set up in all 50 states Tax ASC 740 Insights News Aggregation Team Tuesday, October 16, 2018 1:00 am http://ambankers.net/article/39249/asc-740-insights Tax and accounting highlights Tax Facts US Expatriates Should Know About Their Taxes News Team Monday, October 08, 2018 1:00 am http://ambankers.net/article/39159/facts-us-expatriates-should-know-about-their-taxes Our professionals at Protax Consulting Services Inc have compiled a list of a few helpful facts that will assist you in further understanding US expatriate tax laws! Tax HSBC U.S. Partners With Web-Based Avant to Offer Personal Loans News Aggregation Team Tuesday, October 23, 2018 1:00 am http://ambankers.net/article/39336/hsbc-us-partners-with-web-based-avant-to-offer-personal-loans By adding personal loans to our expanding product suite, we’re meeting the needs of today’s consumers who want a safe, fast and easy way to borrow money online. Retail Banking Exchange Bank Announces the Acquisition of First Northern Bank’s Asset Management & Trust Services Division News Aggregation Team Wednesday, October 10, 2018 1:00 am http://ambankers.net/article/39193/exchange-bank-announces-the-acquisition-of-first-northern-bankamprsquos-asset-management-ampamp-trust-services-division We are very happy to welcome First Northern Banks well-respected officers to our team of experienced professionals. Retail Banking Spanish bank with Venezuelan ties to open Miami branch News Aggregation Team Friday, October 05, 2018 1:00 am http://ambankers.net/article/39150/spanish-bank-with-venezuelan-ties-to-open-miami-branch The Federal Reserve issued an order approving the establishment of a Miami branch on Friday, September 28. Retail Banking German digital bank launches in Britain, sets sights on U.S. News Aggregation Team Thursday, October 04, 2018 1:00 am http://ambankers.net/article/39144/german-digital-bank-launches-in-britain-sets-sights-on-us Since its launch in 2015 N26 has grown to have 1.5 million customers across eighteen markets in Europe including its home base of Germany Retail Banking Santander's Botin Keeps Calm as Brazil's Divisive Election Looms News Aggregation Team Wednesday, October 03, 2018 1:00 am http://ambankers.net/article/39120/santanderamp039s-botin-keeps-calm-as-brazilamp039s-divisive-election-looms Brazil heading to elections on Sunday with economy in tumult Retail Banking African Development Bank: The status quo must change.” - Adesina tells FinDev Canada conference in Montreal News Team Tuesday, September 18, 2018 1:00 am http://ambankers.net/article/38940/african-development-bank-the-status-quo-must-changeamprdquo-adesina-tells-findev-canada-conference-in-montreal Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets Retail Banking Citi wins tender to buy Israeli government's Bank Leumi stake News Aggregation Team Wednesday, September 05, 2018 1:00 am http://ambankers.net/article/38783/citi-wins-tender-to-buy-israeli-governmentamp039s-bank-leumi-stake Nearly 89 percent of Leumi trades on the Tel Aviv Stock Exchange. Retail Banking Wells Fargo to lay off 638 jobs in mortgage division News Aggregation Team Monday, August 27, 2018 1:00 am http://ambankers.net/article/38702/wells-fargo-to-lay-off-638-jobs-in-mortgage-division Of the 638 job cuts, 137 will be concentrated in Orlando. Retail Banking Israel’s Bank Leumi Eyes Growth as U.S Tax Probe Rankles Rivals News Aggregation Team Tuesday, August 21, 2018 1:00 am http://ambankers.net/article/38642/israelamprsquos-bank-leumi-eyes-growth-as-us-tax-probe-rankles-rivals Leumi settled its investigation by paying a $400 million fine in December 2014—an amount that will likely pale in comparison to the penalties Israel’s two other large lenders will end up paying. Retail Banking JPMorgan to Shut Investment Accounts for Foreign Retail Clients News Aggregation Team Tuesday, August 14, 2018 1:00 am http://ambankers.net/article/38562/jpmorgan-to-shut-investment-accounts-for-foreign-retail-clients JPMorgan’s private-bank clients won’t be affected, the people said. Retail Banking CalPrivate Bank Announces Two New Small Business Lending Divisions News Team Friday, August 24, 2018 1:00 am http://ambankers.net/article/38691/calprivate-bank-announces-two-new-small-business-lending-divisions Adding the right people in the right markets has allowed us to accelerate that process. New Products & Services Pritzker Group Plans to Raise a $1.5 Billion Private-Equity Fund News Aggregation Team Wednesday, October 25, 2017 1:00 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 1:00 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 1:00 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 1:00 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 1:00 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 1:00 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 1:00 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 Canaccord Genuity Wealth Management reports increased revenue and profits in UK and Europe News Team Thursday, November 15, 2018 12:00 am http://ambankers.net/article/39567/canaccord-genuity-wealth-management-reports-increased-revenue-and-profits-in-uk-and-europe Excluding significant items, second quarter earnings per common share of $0.23 Company Results Canadian pension returns post slight gain in Q3 2018 News Team Wednesday, November 07, 2018 12:00 am http://ambankers.net/article/39491/canadian-pension-returns-post-slight-gain-in-q3-2018 Canadian equities posted a negative Q3 2018 return of -0.3 per cent, reversing the Q2 2018 returns of 6.8 per cent. Company Results SS&C Delivers Another Earnings Beat (and Another Huge Acquisition) News Aggregation Team Friday, November 02, 2018 12:00 am http://ambankers.net/article/39462/ssampampc-delivers-another-earnings-beat-and-another-huge-acquisition From effective expense management to its third big acquisition this year, the financial services software leader is on a roll. Company Results BNY Mellon Reports Third Quarter 2018 Earnings of $1.08 Billion or $1.06 Per Common Share News Team Thursday, October 18, 2018 1:00 am http://ambankers.net/article/39283/bny-mellon-reports-third-quarter-2018-earnings-of-108-billion-or-106-per-common-share Repurchased 12 million common shares for $602 million and paid $283 million in dividends to common shareholders. Company Results Morgan Stanley's wealth management revenue up, adviser headcount down News Aggregation Team Wednesday, October 17, 2018 1:00 am http://ambankers.net/article/39259/morgan-stanleyamp039s-wealth-management-revenue-up-adviser-headcount-down Third-quarter wealth management revenue was $4.4 billion, even as adviser workforce slipped 1% from last year Company Results Goldman Sachs beats estimates for third-quarter profit on stronger-than-expected investment banking News Aggregation Team Wednesday, October 17, 2018 1:00 am http://ambankers.net/article/39261/goldman-sachs-beats-estimates-for-third-quarter-profit-on-stronger-than-expected-investment-banking The bank reports $6.28 per share in earnings, exceeding the $5.38 estimate from analysts surveyed by Refinitiv. Company Results Hope Bancorp Reports 2018 Third Quarter Financial Results News Aggregation Team Wednesday, October 17, 2018 1:00 am http://ambankers.net/article/39266/hope-bancorp-reports-2018-third-quarter-financial-results This compares with net income for the 2018 second quarter of $47.5 million, or $0.36 per diluted common share and $44.6 million, or $0.33 per diluted common share, for the 2017 third quarter. Company Results Banks’ Revenue Growth at Risk Due to Unprecedented Competitive Pressure Resulting from Digital Disruption, Accenture Study Finds News Team Wednesday, October 17, 2018 1:00 am http://ambankers.net/article/39276/banksamprsquo-revenue-growth-at-risk-due-to-unprecedented-competitive-pressure-resulting-from-digital-disruption-accenture-study-finds Digital-only banks, fintechs and big tech companies are quietly gaining customers, while incumbents struggle to make strategic investments in their digital future Company Results Bank of America Rises, Sears Slumps as Dow Slips News Aggregation Team Tuesday, October 16, 2018 1:00 am http://ambankers.net/article/39241/bank-of-america-rises-sears-slumps-as-dow-slips President Donald Trump talked about a range of topics during his 60 Minutes interview with Leslie Stahl. Company Results Citigroup Private Bank revenue up 7% in Q3 News Aggregation Team Tuesday, October 16, 2018 1:00 am http://ambankers.net/article/39243/citigroup-private-bank-revenue-up-7-in-q3 Operating expenses were $10.31bn, down 1% from $10.41bn in the previous year. Company Results