The Americas Banking News Network http://ambankers.net/ Sun, 20 Jan 2019 13:39:32 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png The Americas Banking News Network KohanaPHP Value proposition insights for the single-family office News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40273/value-proposition-insights-for-the-single-family-office Insights from executives Wealth and Asset Management 4 Win Markowitz Award for Wealth Management Goals Paper News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40267/4-win-markowitz-award-for-wealth-management-goals-paper Winners got $10,000 Harry M. Markowitz Award for their paper, "A New Approach to Goals-Based Wealth Management." Wealth and Asset Management Prime Capital Investment Advisors Acquires RIA News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40269/prime-capital-investment-advisors-acquires-ria The new company will be called Longer Financial and will operate as an affiliate of PCIA, TBP writes. Wealth and Asset Management LPL Financial Welcomes CKW Wealth Management Ana Hall Friday, January 18, 2019 12:00 am http://ambankers.net/article/40271/lpl-financial-welcomes-ckw-wealth-management The firm reported that its advisors served approximately $175 million of client brokerage and advisory assets*. The firm joins from 1st Global. Wealth and Asset Management What Do Banks Believe Family Offices Should Focus On? News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40216/what-do-banks-believe-family-offices-should-focus-on Two key performance enablers that demand attention within the family office space are agility and purpose, both proving to be highly effective ingredients of successful management culture. Wealth and Asset Management David Bach Shortlisted for 'Women in Wealth Advocate of the Year' Andro Bautista Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40249/david-bach-shortlisted-for-amp039women-in-wealth-advocate-of-the-yearamp039 AE Wealth Management's Co-Founder and Director of Advisor & Investor Education Continues to Work with Firm to Empower Women to 'Finish Rich' Before and During Retirement Wealth and Asset Management BMO creates BMO Private Wealth Canada and Asia News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40210/bmo-creates-bmo-private-wealth-canada-and-asia Private banking and full-service brokerage unite Wealth and Asset Management Caye International Bank Named as One of World's Best Private Banks Ana Hall Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40214/caye-international-bank-named-as-one-of-worldamp039s-best-private-banks The award recognizes the bank's extraordinary customer-service model and the high quality of professional services it provides to its international client base. Wealth and Asset Management SSGA to evaluate culture of investee companies News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40221/ssga-to-evaluate-culture-of-investee-companies The asset manager's focus follows a warning from Willis Towers Watson that measuring corporate culture is notoriously difficult Wealth and Asset Management Raymond G. Perelman, master investor and philanthropist, dies at 101 News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40228/raymond-g-perelman-master-investor-and-philanthropist-dies-at-101 He also became one of the Philadelphia region’s greatest philanthropists, leaving his mark at Penn and beyond. Wealth and Asset Management Indosuez Wealth Management names new global head of Americas Kris Borres Friday, January 18, 2019 12:00 am http://ambankers.net/article/40258/indosuez-wealth-management-names-new-global-head-of-americas “Frédéric’s international experience and his extensive banking expertise will benefit the bank in developing synergies between all of Crédit Agricole group’s businesses in the region.” People Moves UBS's Swett Wealth Management Group Expands Kris Borres Friday, January 18, 2019 12:00 am http://ambankers.net/article/40265/ubsamp039s-swett-wealth-management-group-expands All of whom are current employees of UBS and were internally recruited by the team's Managing Director, Jeffrey Swett. People Moves Private Bank Hired Veteran Wealth Management Leader News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40266/private-bank-hired-veteran-wealth-management-leader Fifth Third Private Bank-Florida Named Heidi Colgate-Tamblyn as Senior Vice President and Director. People Moves Admiral Capital Group Adds Minnie Allison as Senior Asset Manager Ana Hall Friday, January 18, 2019 12:00 am http://ambankers.net/article/40272/admiral-capital-group-adds-minnie-allison-as-senior-asset-manager Allison will focus on asset management across Admiral’s multifamily, office, retail and hospitality assets, and will also lend her expertise to support the firm’s acquisitions efforts. People Moves JPMorgan Chase names new leadership, division in corporate investment bank News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40274/jpmorgan-chase-names-new-leadership-division-in-corporate-investment-bank Marc Badrichani becomes the head of global sales and research. People Moves Odgers Berndtson Names Head of U.S. Marketing News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40275/odgers-berndtson-names-head-of-us-marketing She joins the firm from Russell Reynolds Associates, where she was senior marketing manager of the Americas. People Moves Wells Fargo loses more brokers, this time to First Republic News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40252/wells-fargo-loses-more-brokers-this-time-to-first-republic First Republic, meanwhile, has been aggressively courting high-end talent from competitors, particularly those at wirehouses. People Moves Bank of America’s Investment Banking Head Steps Down News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40255/bank-of-americaamprsquos-investment-banking-head-steps-down De Giorgi will step down next month handing over the responsibilities to two co-heads. People Moves Two Morgan Stanley Managers Leave Private Wealth Unit News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40256/two-morgan-stanley-managers-leave-private-wealth-unit A Morgan Stanley spokeswoman confirmed the departures to the website but declined further comment. People Moves BNY Mellon Wealth Management names Senior Wealth Director News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40211/bny-mellon-wealth-management-names-senior-wealth-director Prior to joining BNY Mellon Wealth Management, LaDieu was a Senior Private Banker at BBVA Compass for five years, where he earned the Pinnacle Club honor twice. People Moves Lawyers Raise Prospect Of "Special Measures" Against Dubai As Dispute Over Frozen $500M Drags On News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40260/lawyers-raise-prospect-of-ampquotspecial-measuresampquot-against-dubai-as-dispute-over-frozen-500m-drags-on The saga dates back to November 2017, when $496m belonging to The Port Fund, a Kuwaiti investment firm, was frozen while passing through Noor Bank in Dubai. Legal, Regulation & Compliance Is it time for Foreign Financial Institutions to hire IRS Representation? News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40194/is-it-time-for-foreign-financial-institutions-to-hire-irs-representation This is the first round of required FATCA Certifications of Foreign Financial Institutions. Legal, Regulation & Compliance Dechert Wins Multiple Honors Ana Hall Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40195/dechert-wins-multiple-honors Dechert has also led Purdue Pharma’s national defense strategy in more than 1,400 federal and state lawsuits arising from the marketing of opioid medications. Legal, Regulation & Compliance Proskauer Wins Practice Group of the Year News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40197/proskauer-wins-practice-group-of-the-year Additionally, partner Jeff Horwitz was recently named a Hospitality MVP by Law360. Legal, Regulation & Compliance SEC's Office of Compliance Inspections and Examinations Announces 2019 Examination Priorities Mitzi Limlengco Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40199/secamp039s-office-of-compliance-inspections-and-examinations-announces-2019-examination-priorities OCIE’s examinations also will continue to be guided by the same four “pillars” presented in OCIE’s examination priorities for 2018 Legal, Regulation & Compliance One New Year's Resolution Attorneys Don't Tell Their Boss Mitzi Limlengco Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40201/one-new-yearamp039s-resolution-attorneys-donamp039t-tell-their-boss As 2018 ends and bonuses are paid out, it is important to let it all sink in Legal, Regulation & Compliance Wells Fargo settles SEC lawsuit over Curt Schilling's 38 Studios News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40209/wells-fargo-settles-sec-lawsuit-over-curt-schillingamp039s-38-studios Terms were not disclosed. Legal, Regulation & Compliance Ex-Standard Chartered banker prepares to plead guilty in Iran case News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40187/ex-standard-chartered-banker-prepares-to-plead-guilty-in-iran-case Emerging markets lender under investigation for alleged sanctions breaches Legal, Regulation & Compliance Another S.F. accounting firm swept up in industry consolidation News Aggregation Team Thursday, January 10, 2019 12:00 am http://ambankers.net/article/40152/another-sf-accounting-firm-swept-up-in-industry-consolidation With its latest deal, Squar Milner will have more than 150 professionals in the Bay Area. Legal, Regulation & Compliance Effort to block recognition of O’Reilly’s Bahamas bankruptcy in the US News Aggregation Team Wednesday, January 09, 2019 12:00 am http://ambankers.net/article/40126/effort-to-block-recognition-of-oamprsquoreillyamprsquos-bahamas-bankruptcy-in-the-us Ex-nurse suing Sir Anthony over his promise of millions of dollars in company shares Legal, Regulation & Compliance More FinTech M&A Ahead News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40270/more-fintech-mampampa-ahead Consolidation will increase as more buy-side firms remove overlapping technology platforms and simplify IT infrastructure for more efficient straight-through processing. FinTech Data provider boosts private fund information via strategic partnership » Kris Borres Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40230/data-provider-boosts-private-fund-information-via-strategic-partnership-ampraquo “The ability for eVestment users to access both PitchBook’s fund performance data as well as PitchBook Benchmarks offers unprecedented transparency into VC and PE asset class returns. FinTech Bain Capital to acquire Brillio Kris Borres Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40236/bain-capital-to-acquire-brillio “This is a strong validation of Brillio’s vision and strategy, and our track record of organic and acquisition-driven growth. FinTech Where Law Firms Are Looking to Innovate Next Ana Hall Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40198/where-law-firms-are-looking-to-innovate-next The application helps partners who manage the process know when deadlines are coming up, and also shows if a matter is running over expected costs. FinTech Securing client information: a prime target for cyberthieves Andro Bautista Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40207/securing-client-information-a-prime-target-for-cyberthieves Best security practices cover not just software, but hardware as well FinTech Traditional wealth managers set to lose market share to robo-advisors, says GlobalData Ana Hall Friday, January 11, 2019 12:00 am http://ambankers.net/article/40161/traditional-wealth-managers-set-to-lose-market-share-to-robo-advisors-says-globaldata In previous years, traditional wealth managers across the globe had a widespread level of agreement that robo-advice would seize market share. FinTech Wealth management and banking data combine in $200M deal News Aggregation Team Thursday, January 10, 2019 12:00 am http://ambankers.net/article/40145/wealth-management-and-banking-data-combine-in-200m-deal The two companies will complement one another in their offerings, according to Putnam. FinTech Interactive Brokers and Marstone to Provide a Fully-Integrated Digital Wealth Solution for Banks and Institutions Mitzi Limlengco Thursday, January 10, 2019 12:00 am http://ambankers.net/article/40150/interactive-brokers-and-marstone-to-provide-a-fully-integrated-digital-wealth-solution-for-banks-and-institutions The fully-customizable platform is a trusted, flexible solution for financial institutions of all sizes and ensures a seamless online experience for end users. FinTech SigFig Robo Advisor Works With Individuals, Banks And Advisors News Aggregation Team Wednesday, January 09, 2019 12:00 am http://ambankers.net/article/40123/sigfig-robo-advisor-works-with-individuals-banks-and-advisors Working with large banks gives SigFig access to far more investors, and helps the banks provide innovation at a speed that might be difficult for them alone. FinTech Harneys represented DXC Technology Company on its proposed US$2 billion merger acquisition of Luxoft Ana Hall Wednesday, January 09, 2019 12:00 am http://ambankers.net/article/40125/harneys-represented-dxc-technology-company-on-its-proposed-us2-billion-merger-acquisition-of-luxoft This transaction sets a new BVI record for the largest ever takeover of a publicly-listed BVI company by transaction value. FinTech John Bogle, founder of Vanguard and 'father of index investing,' dies at 89 News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40243/john-bogle-founder-of-vanguard-and-amp039father-of-index-investingamp039-dies-at-89 Often dubbed the "father of index investing," Alternative Investments First Midwest Bancorp Completes Acquisition of Northern Oak Wealth Management Kris Borres Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40246/first-midwest-bancorp-completes-acquisition-of-northern-oak-wealth-management First Midwest is one of the Midwest's largest independent wealth management providers, with approximately $11 billion in assets under management and clients across 30 states. Alternative Investments Waypoint Seeking to Start One of Canada’s Largest Hedge Funds News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40218/waypoint-seeking-to-start-one-of-canadaamprsquos-largest-hedge-funds Now Toronto-based Waypoint is planning to put that strategy to work in a new pooled hedge fund. Alternative Investments CalPERS Gives $500 Million to New Private Equity Fund of Funds News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40222/calpers-gives-500-million-to-new-private-equity-fund-of-funds GCM Grosvenor will oversee private equity emerging managers. Alternative Investments Fidelity International Small-Cap Strategy Terminated by SFERS News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40223/fidelity-international-small-cap-strategy-terminated-by-sfers The investment made up 6.5% of the system’s approximate $3.5 billion small cap strategy. Alternative Investments Meketa Investment Group and Pension Consulting Alliance to Join Forces Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40225/meketa-investment-group-and-pension-consulting-alliance-to-join-forces Combination Unites Long-Established, Highly Respected Investment Consultancies with Demonstrated Public, Private Markets & Real Estate Expertise Alternative Investments Elliott Advisors leads activists’ march on UK boards News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40177/elliott-advisors-leads-activistsamprsquo-march-on-uk-boards Elliott also had a stake in the plane and car parts maker GKN, which was sold to Melrose. Alternative Investments Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40178/bank-of-china-to-enable-payment-in-yuan-on-us-e-commerce-platforms-xinhua The system will adhere to U.S. anti-money laundering rules through artificial intelligence and cyber security technologies, Xu added. Alternative Investments Bill Gross’s Bond-Fund Assets Decline Below $1 Billion News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40181/bill-grossamprsquos-bond-fund-assets-decline-below-1-billion The Janus Henderson Global Unconstrained Bond Fund suffered about $60 million of redemptions in December, according to Bloomberg estimates. That lowered assets to $950.4 million from February’s all-time high of $2.24 billion Alternative Investments A New Source of Industry Capital and 14 Stories from New Cannabis Ventures News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40182/a-new-source-of-industry-capital-and-14-stories-from-new-cannabis-ventures Cannabis is a very capital intensive business, but this readily available equity capital is quite an expensive source of funds to finance cultivation, processing and retail build-outs. Alternative Investments Citigroup is up first as big banks kick off fourth-quarter earnings season News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40183/citigroup-is-up-first-as-big-banks-kick-off-fourth-quarter-earnings-season Banks’ trading revenue is expected to be strong, but investment-banking fees may be lower, and trade and political tensions will have an effect Investment Banking Wells Fargo proves that big fines for banks don't work News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40184/wells-fargo-proves-that-big-fines-for-banks-donamp039t-work The matter worsens and becomes exploitative when bankers employ a hard-sell of subpar internal products and deceptive sales practices designed to achieve their sales targets. Investment Banking MUFG Union buys investment bank with middle-market focus News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40189/mufg-union-buys-investment-bank-with-middle-market-focus “We are very pleased to welcome the Intrepid team,” said Tim Wennes, MUFG Union’s West Coast president. Investment Banking MUFG Union Bank Completes the Acquisition of Intrepid Investment Bankers to Expand its Middle Market Banking Services Ana Hall Wednesday, January 09, 2019 12:00 am http://ambankers.net/article/40131/mufg-union-bank-completes-the-acquisition-of-intrepid-investment-bankers-to-expand-its-middle-market-banking-services The Commercial Banking business at MUFG Union Bank serves middle market clients on the West Coast. Investment Banking Bonus payments at US investment banks set to dwarf those at their European rivals once again News Aggregation Team Monday, January 07, 2019 12:00 am http://ambankers.net/article/40095/bonus-payments-at-us-investment-banks-set-to-dwarf-those-at-their-european-rivals-once-again Jason Kennedy, of recruitment firm Kennedy Group, told the Daily Telegraph: ‘For years the Europeans have played in the second division while the Americans have been playing in the premier league. Investment Banking US banks to cut London-EU commuting support for staff after Brexit News Aggregation Team Monday, December 31, 2018 12:00 am http://ambankers.net/article/40031/us-banks-to-cut-london-eu-commuting-support-for-staff-after-brexit Thousands of bank staff to move from London to Dublin, Paris and Frankfurt in early 2019 Investment Banking Fed survey points to a scaling back of bets on emerging market gains News Aggregation Team Friday, December 28, 2018 12:00 am http://ambankers.net/article/40024/fed-survey-points-to-a-scaling-back-of-bets-on-emerging-market-gains For most client types, survey respondents said between two-fifths and three-fifths held net-long positions on emerging market assets, meaning they were betting on increases in the values of the assets. Investment Banking Bank of the Year: JP Morgan News Aggregation Team Friday, December 14, 2018 12:00 am http://ambankers.net/article/39909/bank-of-the-year-jp-morgan For a time, it seemed as if Goldman (and Morgan Stanley) were on the right side of the argument; and that JP Morgan (and to an even greater extent Citigroup) were on the wrong side. Investment Banking Why Goldman Sachs Shares Lost 15% in November News Aggregation Team Tuesday, December 11, 2018 12:00 am http://ambankers.net/article/39842/why-goldman-sachs-shares-lost-15-in-november Shares of the investment bank continued to fall on concerns about the Malaysian banking scandal. Investment Banking BNP Paribas Joins U.S. Alliance for Sustainable Finance as Founding Member Ana Hall Friday, December 07, 2018 12:00 am http://ambankers.net/article/39815/bnp-paribas-joins-us-alliance-for-sustainable-finance-as-founding-member Formation of U.S-based alliance by Bloomberg will support global mobilization of private capital in response to climate change concerns Investment Banking Tackling the gender gap: 'Wall Street's been a boy's club forever' News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40257/tackling-the-gender-gap-amp039wall-streetamp039s-been-a-boyamp039s-club-foreveramp039 Citi — one of the world's largest banks — said Wednesday that its female employees earn 29 percent less than its male employees globally. Comment, Analysis & Research John Bogle's Impact On Investors Lives On After His Death News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40251/john-bogleamp039s-impact-on-investors-lives-on-after-his-death Bogle’s success amazing considering the imbalance of forces stacked against him Comment, Analysis & Research Cornish Named in List of Top Litigation Attorneys in the EB-5 Space Kris Borres Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40250/cornish-named-in-list-of-top-litigation-attorneys-in-the-eb-5-space In 2017, Bob was listed among the Top 15 Corporate & Securities Attorneys by EB5 Investors Magazine. Comment, Analysis & Research SS&C GlobeOp Hedge Fund Performance Index down 1.35 per cent in December Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40227/ssampampc-globeop-hedge-fund-performance-index-down-135-per-cent-in-december The year-over-year improvement corresponds almost exactly to the past three months of elevated market volatility. Comment, Analysis & Research These countries are set to see their millionaire populations skyrocket in the next 5 years Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40237/these-countries-are-set-to-see-their-millionaire-populations-skyrocket-in-the-next-5-years The 10 countries with the largest HNW populations grew in total by over 387,000 HNW individuals (up 2.4%) compared with 2017 Comment, Analysis & Research Near-Term Pessimism Driving Markets, But Many Ingredients For A Rally Still Present Ana Hall Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40190/near-term-pessimism-driving-markets-but-many-ingredients-for-a-rally-still-present BNY Mellon's Lockwood issues Investment Insights for the first quarter, expects slowing, but steady economic growth Comment, Analysis & Research Growing Number of Canadians Unprepared for Retirement News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40202/growing-number-of-canadians-unprepared-for-retirement TD survey shows changing employment trends are impacting Canadians' confidence when it comes to retirement Comment, Analysis & Research Beyond 100: Whitepaper Mitzi Limlengco Monday, January 14, 2019 12:00 am http://ambankers.net/article/40175/beyond-100-whitepaper We could be closer to this reality than many people realise. Comment, Analysis & Research Global M&A forecast - Willis Towers Watson Mitzi Limlengco Monday, January 14, 2019 12:00 am http://ambankers.net/article/40179/global-mampampa-forecast-willis-towers-watson Global political uncertainty, from trade wars and growing protectionism to Brexit, will continue in 2019 Comment, Analysis & Research It’s Getting Foggy Out There by Gary Dugan Ana Hall Monday, January 14, 2019 12:00 am http://ambankers.net/article/40180/itamprsquos-getting-foggy-out-there-by-gary-dugan UK also faces the prospect of freezing over as the North Pole sees temperatures rise Comment, Analysis & Research Hawai‘i Could Recover $38M Lost to Corporate Tax Loopholes News Aggregation Team Friday, January 18, 2019 12:00 am http://ambankers.net/article/40276/hawaiamplsquoi-could-recover-38m-lost-to-corporate-tax-loopholes For years, some corporations that do business here in Hawai‘i have avoided taxes by booking profits made in America to tax havens—like the Cayman Islands Tax IRS Issues Final Tax Rules for Offshore Corporate Cash Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40238/irs-issues-final-tax-rules-for-offshore-corporate-cash The IRS, which is one of the agencies affected by the shutdown, has a separate budget to work on Tax Why ‘Taxing the Rich’ Falls on the Middle Class Instead News Aggregation Team Monday, January 14, 2019 12:00 am http://ambankers.net/article/40176/why-amplsquotaxing-the-richamprsquo-falls-on-the-middle-class-instead The motivation behind the tax was to bilk the rich to reduce the national deficit with targeted taxes. Tax Miami Woos New York Homebuyers Fleeing Over Tax Law News Aggregation Team Friday, January 11, 2019 12:00 am http://ambankers.net/article/40170/miami-woos-new-york-homebuyers-fleeing-over-tax-law The tax law limits deductions for state and local taxes, including property tax, to $10,000. Tax US bill moves to end double taxation of Americans living abroad News Aggregation Team Thursday, January 10, 2019 12:00 am http://ambankers.net/article/40153/us-bill-moves-to-end-double-taxation-of-americans-living-abroad "This common-sense bill takes a huge step towards ending the outdated, backwards policy of double-taxation of American citizens living abroad," Holding stated. Tax How tax reform in Costa Rica will affect your business News Aggregation Team Wednesday, January 09, 2019 12:00 am http://ambankers.net/article/40130/how-tax-reform-in-costa-rica-will-affect-your-business A 2% tax will be levied on medical products, raw materials and machinery used for production, insurance premiums, purchase and sale of university issued products. Basic food necessities from a specific list will be charged a 1% tax. Tax Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for 'Green New Deal' News Aggregation Team Monday, January 07, 2019 12:00 am http://ambankers.net/article/40092/alexandria-ocasio-cortez-floats-70-tax-on-wealthy-to-pay-for-amp039green-new-dealamp039 Rep. Alexandria Ocasio-Cortez says people would need to "start paying their fair share in taxes" to underwrite her "Green New Deal." Tax Google stashed billions in offshore tax haven News Aggregation Team Friday, January 04, 2019 12:00 am http://ambankers.net/article/40075/google-stashed-billions-in-offshore-tax-haven Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close. Tax The Trump Tax Cut: Even Worse Than You’ve Heard News Aggregation Team Tuesday, January 01, 2019 12:00 am http://ambankers.net/article/40041/the-trump-tax-cut-even-worse-than-youamprsquove-heard Skeptical reporting has still been too favorable. Tax IIA takes a fresh look at risk management model News Aggregation Team Monday, December 31, 2018 12:00 am http://ambankers.net/article/40016/iia-takes-a-fresh-look-at-risk-management-model The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers. Tax Liberty's retiring CEO still on the job News Aggregation Team Friday, January 11, 2019 12:00 am http://ambankers.net/article/40164/libertyamp039s-retiring-ceo-still-on-the-job The bank issued Thursday a formal statement that said Howard "has generously agreed to continue his role at Liberty Bank until a successor has been selected." Retail Banking Cambridge Bancorp and New Hampshire-based bank to merge Thursday, December 06, 2018 12:00 am http://ambankers.net/article/39795/cambridge-bancorp-and-new-hampshire-based-bank-to-merge The transaction is presently valued at approximately $67 million in the aggregate, based upon Cambridge Bancorp’s closing price of $85.61 as of December 4, 2018. Retail Banking Widgery Thomas Jr., retired banker, yachtsman, runner dies at 94 News Aggregation Team Monday, December 03, 2018 12:00 am http://ambankers.net/article/39728/widgery-thomas-jr-retired-banker-yachtsman-runner-dies-at-94 Survivors of the longtime Portland resident remember him as a selfless gentleman. Retail Banking CIBC earnings rise on retail banking and wealth management News Aggregation Team Thursday, November 29, 2018 12:00 am http://ambankers.net/article/39714/cibc-earnings-rise-on-retail-banking-and-wealth-management Earnings per share, excluding one-off items, rose to $3.00. Analysts had, on average, forecast earnings per share of $3.04, according to IBES data from Refinitiv. Retail Banking 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 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 CalPrivate Bank Announces Two New Small Business Lending Divisions 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 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 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 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 Goldman Sachs shares surge after fourth-quarter profit tops expectations News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40233/goldman-sachs-shares-surge-after-fourth-quarter-profit-tops-expectations The bank’s shares rose 3.6 percent to $186.40 in premarket trading Company Results J.P. Morgan misses profit expectations for the first time in 15 quarters News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40213/jp-morgan-misses-profit-expectations-for-the-first-time-in-15-quarters But plunging markets also impacted the bank's asset management division and resulted in a $150 million markdown on private equity holdings. Company Results BNY absorbs severance costs as investment management, wealth assets drop 6% News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40244/bny-absorbs-severance-costs-as-investment-management-wealth-assets-drop-6 Client redemptions largely came from index and cash strategies, which saw $11 billion and $10 billion, respectively, in net outflows in the fourth quarter. Company Results Bank of America earnings beat estimates News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40232/bank-of-america-earnings-beat-estimates In the same quarter a year ago, the bank's profit was hit by a large one-time charge related to the corporate tax overhaul passed in late 2017. Company Results BlackRock profit results fall short of expectations, assets fall back below $6 trillion News Aggregation Team Wednesday, January 16, 2019 12:00 am http://ambankers.net/article/40242/blackrock-profit-results-fall-short-of-expectations-assets-fall-back-below-6-trillion BlackRock's adjusted reported bottom line represents a 2 percent decline from the year-earlier period, when its posted a profit of $6.19 per share. Company Results JPMorgan Misses Q4 EPS by 23c News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40203/jpmorgan-misses-q4-eps-by-23c Dimon concluded: “In 2018 we accelerated investments in products, services and technology to help our employees, customers and communities. Company Results Market turmoil hits Citigroup revenues News Aggregation Team Tuesday, January 15, 2019 12:00 am http://ambankers.net/article/40208/market-turmoil-hits-citigroup-revenues In the three months to the end of December, profit rose to $4.2bn, or $1.61 a share, from $3.7bn, or $1.28 a share, a year earlier. Company Results The average hedge fund lost 6.7 percent in 2018 News Aggregation Team Friday, January 04, 2019 12:00 am http://ambankers.net/article/40074/the-average-hedge-fund-lost-67-percent-in-2018 The S&P 500 for the year was down 6.2 percent in 2018. Company Results Baupost Is Said to Post Gain as Hedge Funds See Declines News Aggregation Team Friday, December 21, 2018 12:00 am http://ambankers.net/article/39989/baupost-is-said-to-post-gain-as-hedge-funds-see-declines In the third quarter, Baupost’s largest U.S. stock position was Twenty-First Century Fox, according to regulatory filings. Company Results Raymond James Financial reports November 2018 operating data Mitzi Limlengco Thursday, December 20, 2018 12:00 am http://ambankers.net/article/39970/raymond-james-financial-reports-november-2018-operating-data Record net loans at Raymond James Bank of $19.7 billion were up 13% over November 2017 and 1% over October 2018. Company Results