Managers of Wealth - Americas http://ambankers.net/ Sun, 25 Oct 2020 05:28:55 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Wells Fargo explores sale of asset management business - sources News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47389/wells-fargo-explores-sale-of-asset-management-business-sources The San Francisco-based bank has discussed a potential deal with asset management companies and private equity firms. Wealth and Asset Management Wealth Management Continues To Shine For Morgan Stanley, Bank Of America Despite Recession News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47368/wealth-management-continues-to-shine-for-morgan-stanley-bank-of-america-despite-recession With its 15,469 advisors, the firm reported net revenues of $4.657 billion in its wealth management division which was flat from the second quarter but up 7% from the third quarter of last year. Wealth and Asset Management Wealth Management for High-Net-Worth Individuals (HNWI) News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47369/wealth-management-for-high-net-worth-individuals-hnwi Zoe Financial is the premier network when it comes to matching high-net-worth individuals (HNWI) with their ideal wealth manager. Wealth and Asset Management Wall Street forecasts more asset managers will merge to survive News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47373/wall-street-forecasts-more-asset-managers-will-merge-to-survive "After having been through a real scare with the COVID cycle, when there was another big market correction, people realized that it's time to think about where the industry ends up in five years." Wealth and Asset Management SEI Reports Third-Quarter 2020 Financial Results News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47384/sei-reports-third-quarter-2020-financial-results Words can’t express our appreciation for their efforts, along with all of the healthcare and service providers who look after our health and well-being,” said Alfred P. West, Jr., SEI Chairman and CEO. Wealth and Asset Management Asset managers in $300bn drive to build private lending funds News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47385/asset-managers-in-300bn-drive-to-build-private-lending-funds Investors switch focus to credit funds as alternative to public markets flooded with stimulus money Wealth and Asset Management Hightower Invests in $800 Million Texas Wealth Manager News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47350/hightower-invests-in-800-million-texas-wealth-manager Hightower offers independent-minded advisory businesses a capital-rich partner and customizable suite of services Wealth and Asset Management Credit Suisse Advances Institutional Sustainability Initiative Through Partnership with Equilibrium News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47354/credit-suisse-advances-institutional-sustainability-initiative-through-partnership-with-equilibrium Equilibrium innovates and manages sustainability-driven businesses and the deployment of capital within the sustainable real asset and resource management spaces. Wealth and Asset Management UBS Americas Wealth Management Profits Jump News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47355/ubs-americas-wealth-management-profits-jump The unit, which focuses primarily on the U.S., reported record third-quarter profit before taxes of $371 million, up 12% from the year-earlier quarter. Wealth and Asset Management The new age of credit research News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47356/the-new-age-of-credit-research We are living in challenging times with COVID-19 impacting our social life as well as the financial world. Wealth and Asset Management President of Chubb Canada Announces Retirement; Company Names Successor News Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47388/president-of-chubb-canada-announces-retirement-company-names-successor Current head of Chubb Canada, Ellen Moore, appointed Chair of Canadian Operations, will retire at the end of the year; John Alfieri to assume role of President, Chubb Canada. People Moves Citi Private Bank global boss Charrington exits News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47391/citi-private-bank-global-boss-charrington-exits It is not yet known who is taking over his role as global head of private banking. People Moves Agora Brands Group Announces New Advisor Board Members Larry Roth, Rick Scrimger, Curtis Stephens and Cindy Zu News Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47393/agora-brands-group-announces-new-advisor-board-members-larry-roth-rick-scrimger-curtis-stephens-and-cindy-zu Mr. Roth previously served as CEO of AIG Advisor Group, as well as CEO of Cetera Financial Group, two of the nation's largest networks of independent financial advice firms, encompassing thousands of independent wealth management practices across the People Moves Northern Trust Adds to Foundation & Institutional Advisors Practice in Chicago News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47365/northern-trust-adds-to-foundation-ampamp-institutional-advisors-practice-in-chicago In this role he was the primary client contact for several of the firm’s endowment, foundation and pension clients. People Moves JPM Brazil private bank boss joins Bradesco News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47351/jpm-brazil-private-bank-boss-joins-bradesco Taira has more than 29 years of experience in the financial services industry and has previously worked for Credit Suisse and Citi Private Bank, according to his LinkedIn profile. People Moves RBC Recruits $1.2B All-Female JPMorgan Team News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47359/rbc-recruits-12b-all-female-jpmorgan-team The New York-based group includes three advisors, all of whom have been in the business for more than 20 years. People Moves Ocorian appoints Regional Head of Americas News Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47332/ocorian-appoints-regional-head-of-americas Jason will be based in the United States and will oversee all aspects of our business in the region. People Moves Baker McKenzie announces latest global leadership shake-up News Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47335/baker-mckenzie-announces-latest-global-leadership-shake-up Shih Yann Loo and Melinda Phelan join the Firm's Executive Committee People Moves Robert Stoker Hired as Private Wealth Advisor at UBS in San Francisco News Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47336/robert-stoker-hired-as-private-wealth-advisor-at-ubs-in-san-francisco Robert joined UBS PWM as it allowed him to create a boutique family office within the largest wealth management firm in the world. People Moves Bank of America names EU bank head as Brexit deadline closes in News Aggregation Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47341/bank-of-america-names-eu-bank-head-as-brexit-deadline-closes-in Fernando Vicario appointed chief executive of bank’s hub in Ireland People Moves Goldman is clawing back or cutting millions in pay from CEO Solomon, Blankfein and others over 1MDB News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47390/goldman-is-clawing-back-or-cutting-millions-in-pay-from-ceo-solomon-blankfein-and-others-over-1mdb Goldman is seeking to claw back $76 million from the three former employees most implicated in the scandal, the bank’s board said Thursday in a statement. Legal, Regulation & Compliance ‘Government must lead again’ – US Impact Investing Alliance News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47394/amplsquogovernment-must-lead-againamprsquo-ampndash-us-impact-investing-alliance The recommendations in that document, setting out how federal policy could spur the growth of impact investing, had had “a lasting impact”, said Seegull, with 80% of them acted upon. Legal, Regulation & Compliance Canada aiming for high immigration levels despite coronavirus pandemic, Bloomberg reports News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47395/canada-aiming-for-high-immigration-levels-despite-coronavirus-pandemic-bloomberg-reports Even though travel is limited, Canada is expected to continue rising immigration targets beyond this year. Legal, Regulation & Compliance US Regulators Propose a Rule to Distinguish Guidance from Regulation News Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47397/us-regulators-propose-a-rule-to-distinguish-guidance-from-regulation The Agencies also reiterate that they will not issue an enforcement action on the basis of a “violation” of or “non-compliance” with supervisory guidance. Legal, Regulation & Compliance JPMorgan Chase enters mPOS arena News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47366/jpmorgan-chase-enters-mpos-arena JPMorgan Chase is taking on Square and PayPal with an app and contactless card reader linked to a business checking account. Legal, Regulation & Compliance AMP Capital sees $2.1 billion outflows as scandal continues to bite News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47379/amp-capital-sees-21-billion-outflows-as-scandal-continues-to-bite AMP copped a massive backlash after it was revealed money manager Boe Pahari was promoted to lead AMP Capital despite being fined $500,000 for sexually harassing a former subordinate colleague. Legal, Regulation & Compliance African and US development financiers reaffirm their commitment to attracting greater private sector capital to Africa News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47353/african-and-us-development-financiers-reaffirm-their-commitment-to-attracting-greater-private-sector-capital-to-africa They spoke during a panel event to discuss their organizations’ role in post-COVID-19 environment as part of a day-long public forum on investing in Africa’s future Legal, Regulation & Compliance U.S. Banking Regulator Backs New Liquidity Requirements News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47364/us-banking-regulator-backs-new-liquidity-requirements FDIC board votes 3-1 to approve final rule for net stable funding ratio Legal, Regulation & Compliance Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe News Aggregation Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47334/goldman-poised-to-pay-more-than-2-billion-in-dojamprsquos-1mdb-probe Deal to push Goldman’s tally of penalties to around $5 billion Legal, Regulation & Compliance Decentralized Finance needs regulatory clarity and smarter compliance News Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47337/decentralized-finance-needs-regulatory-clarity-and-smarter-compliance As of mid-July 2020, according to the Bank for International Settlements report, at least 36 central banks have published retail or wholesale central bank digital currency work. Legal, Regulation & Compliance Grupo Financiero Banorte picks Volante for cross-border payment architecture News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47367/grupo-financiero-banorte-picks-volante-for-cross-border-payment-architecture Cross-border payments are an area where banks, technology providers, and fintech firms can effectively collaborate to increase industry-wide innovation and broaden the range of business and retail services. FinTech Where Have All The Robos Gone? News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47370/where-have-all-the-robos-gone Build it and they will come. FinTech AI, or a thousand shades of grey? by Russ Bryan News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47371/ai-or-a-thousand-shades-of-grey-by-russ-bryan With AI, after a time we may start to receive different answers from the same inputs because it generally involves broader data sets and far higher volumes, with all the associated probabilities. FinTech Cidel wins Digital Innovator of the Year News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47377/cidel-wins-digital-innovator-of-the-year This helped Cidel grow its AUM even during the initial stages of the implementation FinTech SS&C GlobeOp Forward Redemption Indicator: October notifications 2.84% News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47380/ssampampc-globeop-forward-redemption-indicator-october-notifications-284 Movements in the Indicator reflect investor confidence in their allocations to hedge funds. FinTech Digitizing and Streamlining Securities-Based-Lending from End-to-End in the Cloud News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47386/digitizing-and-streamlining-securities-based-lending-from-end-to-end-in-the-cloud New technology provides a fully digital SBL process, from origination to collateral monitoring to loan servicing with advisor and client self-service capability FinTech Broadridge turns to CloudBees to speed up product delivery News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47349/broadridge-turns-to-cloudbees-to-speed-up-product-delivery Broadridge, with over $4 billion in revenues, develops software solutions to drive business transformations for the world’s-leading companies and financial institutions. FinTech Refinitiv, NRI Launch Refinitiv BETA and I-STAR/GX News Aggregation Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47348/refinitiv-nri-launch-refinitiv-beta-and-i-stargx The high-volume solution offers a single-stock record across all asset classes and markets, driving domestic and international corporate actions processing. FinTech Data, technology become new prized possessions News Aggregation Team Monday, October 19, 2020 1:00 am http://ambankers.net/article/47328/data-technology-become-new-prized-possessions As the pace of digitization accelerates, investors should think more in terms of business model variations than differences between industries, Mr. Thomas said. FinTech Market-leading Nordic private bank chooses Limina and Confluence Delta News Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47305/market-leading-nordic-private-bank-chooses-limina-and-confluence-delta Limina OMS and Confluence Delta come together to create an entirely new and holistic workflow for the wealth manager. FinTech Aadil Zaman Named to 2020 Financial Times 401 Top Retirement Advisers News Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47392/aadil-zaman-named-to-2020-financial-times-401-top-retirement-advisers The FT 401 is one in a series of rankings of top advisers developed by the FT in partnership with Ignites Research, including the FT 300 (independent RIA firms) and the FT 400 (broker-dealer advisers). Alternative Investments LPL Financial Welcomes Eight Advisors after CenterState Bank, South State Bank Merger News Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47396/lpl-financial-welcomes-eight-advisors-after-centerstate-bank-south-state-bank-merger Eight CenterState advisors and five client services team members join more than 40 members at South State Investment Service to provide client-focused, locally-based financial advice and guidance throughout the Southeast. Alternative Investments Private credit investors want end to gender gap News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47398/private-credit-investors-want-end-to-gender-gap Women now hold about a fifth of the industry's jobs and just 10% of the senior positions as of last year, according to London-based research firm Preqin. Alternative Investments Vanguard active fund closure highlights challenge in Europe News Aggregation Team Friday, October 23, 2020 1:00 am http://ambankers.net/article/47399/vanguard-active-fund-closure-highlights-challenge-in-europe Low-cost provider’s passive fund growth is vastly outpacing its actively managed business Alternative Investments ‘Set and forget’ investors stick with target-date funds News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47374/amplsquoset-and-forgetamprsquo-investors-stick-with-target-date-funds Covid-19 turbulence buoys loyalty to simpler defined contribution plans Alternative Investments Hopes of greater diversity as DoL allows private equity in 401(k) plans News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47375/hopes-of-greater-diversity-as-dol-allows-private-equity-in-401k-plans Pension advisers will have a vital role in explaining the potential risks of such investments Alternative Investments PineBridge Launches USD High Yield Bond Fund in Europe News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47352/pinebridge-launches-usd-high-yield-bond-fund-in-europe The Fund’s investment objective seeks to maximize total return consisting of current income and capital appreciation Alternative Investments Ontario Teachers teams with private equity to acquire wealth manager News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47357/ontario-teachers-teams-with-private-equity-to-acquire-wealth-manager The transaction, which is subject to customary closing approvals, is expected to close before the end of the year. Alternative Investments Despite lower interest revenue, Pershing adds $12B in net new assets News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47358/despite-lower-interest-revenue-pershing-adds-12b-in-net-new-assets The bank doesn’t break out the specific number of RIAs joining each quarter. Alternative Investments Santander México touts progress on Tesla green financing program News Aggregation Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47361/santander-mampeacutexico-touts-progress-on-tesla-green-financing-program By the second quarter of 2020, Santander México placed more than 900mn pesos in the retail automotive credit segment, double the amount of the same period in 2019. Alternative Investments Asset management’s new normal News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47376/asset-managementamprsquos-new-normal Modern prescriptive maintenance strategies rely on artificial intelligence and machine learning—as well as remote access and requisite cybersecurity measures Investment Banking JPMorgan Chase’s $920 million spoofing settlement: Do DPAs and NPAs encourage recidivism? News Aggregation Team Tuesday, October 20, 2020 1:00 am http://ambankers.net/article/47339/jpmorgan-chaseamprsquos-920-million-spoofing-settlement-do-dpas-and-npas-encourage-recidivism Based on the most recent CFTC order, it seems that each of these NPAs/DPAs was entered into while JPMorgan was conducting its most recent market manipulation scheme. Investment Banking BNY MEllon Reports Third Quarter 2020 Earnings Of $876 Million Or $0.98 Per Common Share News Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47316/bny-mellon-reports-third-quarter-2020-earnings-of-876-million-or-098-per-common-share Our pipeline is strong as we continue to win new mandates by differentiating ourselves with clients and addressing a broader set of their needs. Investment Banking Wells Fargo and Bank of America ring up the cost of bad debt while Goldman Sachs waltzes ahead with trading upswing. News Team Thursday, October 15, 2020 1:00 am http://ambankers.net/article/47297/wells-fargo-and-bank-of-america-ring-up-the-cost-of-bad-debt-while-goldman-sachs-waltzes-ahead-with-trading-upswing Wells Fargo has had to set aside billions of dollars to cover the cost of bad debt this year and ultra-low interest rates are also hitting hard, hammering the bank’s revenue from lending and leading to a 59% fall in quarterly profit. Investment Banking BofA addds three new APIs to CashPro treasury product News Team Wednesday, October 07, 2020 1:00 am http://ambankers.net/article/47214/bofa-addds-three-new-apis-to-cashpro-treasury-product They can transact instantly and get up-to-the-minute account information without leaving their enterprise systems. Investment Banking TD confirms ownership stake in The Charles Schwab Corporation following completion of transaction News Aggregation Team Tuesday, October 06, 2020 1:00 am http://ambankers.net/article/47193/td-confirms-ownership-stake-in-the-charles-schwab-corporation-following-completion-of-transaction The Stockholders' Agreement and the revised and extended long-term IDA Agreement between the Bank and Schwab are also now effective. Investment Banking Santander Bank Expands Footprint with the Opening of a New Branch in Miami News Team Friday, October 02, 2020 1:00 am http://ambankers.net/article/47172/santander-bank-expands-footprint-with-the-opening-of-a-new-branch-in-miami Marks investment for Santander Bank in the important south Florida market Investment Banking Goldman Sachs to buy GM credit card business for $2.5bn News Aggregation Team Friday, October 02, 2020 1:00 am http://ambankers.net/article/47173/goldman-sachs-to-buy-gm-credit-card-business-for-25bn Deal would push Wall Street powerhouse deeper into consumer finance Investment Banking The Banker's Investment Banking Awards, 2020 News Aggregation Team Thursday, October 01, 2020 1:00 am http://ambankers.net/article/47150/the-bankeramp039s-investment-banking-awards-2020 Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020. Investment Banking Morgan Stanley Receives Regulatory Approval to Acquire E*TRADE News Team Thursday, October 01, 2020 1:00 am http://ambankers.net/article/47155/morgan-stanley-receives-regulatory-approval-to-acquire-etrade Morgan Stanley and E*TRADE expect to complete the transaction on October 2, 2020. Investment Banking Global household wealth holds steady in 2020 despite economic turmoil News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47372/global-household-wealth-holds-steady-in-2020-despite-economic-turmoil Estimates for Q2 2020 suggest that total household wealth is slightly up on the level at the end of last year, while wealth per adult is slightly down. Comment, Analysis & Research Picking over the Laggards by Gary Dugan News Team Monday, October 19, 2020 1:00 am http://ambankers.net/article/47323/picking-over-the-laggards-by-gary-dugan The natural reaction of most portfolio managers in the wake of such good news would be to look to buy markets that have serially underperformed over the past seven months. Comment, Analysis & Research Is James Gorman of Morgan Stanley the next king of Wall Street? News Aggregation Team Sunday, October 18, 2020 1:00 am http://ambankers.net/article/47318/is-james-gorman-of-morgan-stanley-the-next-king-of-wall-street Gorman spends more time on business than on posturing, and it’s been paying off. Comment, Analysis & Research Are the Affluent Receptive to Digital Advertising? News Aggregation Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47301/are-the-affluent-receptive-to-digital-advertising A new survey finds that younger HNW clients interact with digital ads more than older ones. Comment, Analysis & Research New Partnership Builds Bridges Between Women And Financial Advice News Aggregation Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47310/new-partnership-builds-bridges-between-women-and-financial-advice Providing sound financial advice to women—especially when they are young—can be an important building block in helping them to create a strong financial future for themselves. Comment, Analysis & Research Does The Market Really Need A Vaccine by Gary Dugan News Team Tuesday, October 13, 2020 1:00 am http://ambankers.net/article/47267/does-the-market-really-need-a-vaccine-by-gary-dugan Where the general opinion until quite recently has been that for a full recovery Comment, Analysis & Research Wall St. banks report strong trading revenue but weaker consumer business. News Aggregation Team Tuesday, October 13, 2020 1:00 am http://ambankers.net/article/47273/wall-st-banks-report-strong-trading-revenue-but-weaker-consumer-business Citi’s earnings were $3.2 billion for the quarter, compared with $4.9 billion a year ago, on revenue of $17.3 billion. Comment, Analysis & Research Global private wealth holders set to almost double impact investing allocation over next five years News Team Monday, October 12, 2020 1:00 am http://ambankers.net/article/47253/global-private-wealth-holders-set-to-almost-double-impact-investing-allocation-over-next-five-years A new research report launched by Campden Wealth, Global Impact Solutions Today Comment, Analysis & Research Why Some Millennials Just Can’t Manage Their Money News Aggregation Team Monday, October 12, 2020 1:00 am http://ambankers.net/article/47258/why-some-millennials-just-canamprsquot-manage-their-money The day Jackie had to run out to set up her Charles Schwab Corp. account, I barely understood what she was doing. She came back with flyers and talked about Pacific Investment Management Co., or Pimco, bond funds. I was bemused. Comment, Analysis & Research Layoffs a matter of if, not when, for booming Wall Street News Aggregation Team Sunday, October 11, 2020 1:00 am http://ambankers.net/article/47249/layoffs-a-matter-of-if-not-when-for-booming-wall-street Good thing for our inept New York leadership that Wall Street has largely taken a pledge to delay any significant job cuts because of COVID-19 dis­locations. Comment, Analysis & Research Best IT Audit Firms in the United States for Internship News Aggregation Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47307/best-it-audit-firms-in-the-united-states-for-internship The team of more than 100 IT risk professionals in the Middle East and more than 10,000 in the rest of the world Tax U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive News Aggregation Team Friday, October 16, 2020 1:00 am http://ambankers.net/article/47317/us-brings-amplsquolargest-ever-tax-chargeamprsquo-against-tech-executive Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S. Tax Grant Thornton Principal Priya Sarjoo named ‘Top 25 Consultant’ in 2020 News Team Wednesday, October 07, 2020 1:00 am http://ambankers.net/article/47211/grant-thornton-principal-priya-sarjoo-named-amplsquotop-25-consultantamprsquo-in-2020 Consulting magazine honors Sarjoo for ‘Excellence in Leadership’ Tax IRS targets tax compliance by non-U.S. owners of U.S. real estate News Aggregation Team Friday, September 25, 2020 1:00 am http://ambankers.net/article/47082/irs-targets-tax-compliance-by-non-us-owners-of-us-real-estate FIRPTA taxes foreign persons on the disposition of their U.S. real property interests. Tax Charting an estate planning course in uncertain political waters News Aggregation Team Wednesday, September 23, 2020 1:00 am http://ambankers.net/article/47050/charting-an-estate-planning-course-in-uncertain-political-waters The Democratic Party has made very clear that if it had unfettered control, taxes on property transferred by gift or death would rise. Tax Where to Put Your Stocks and Bonds to Pay Less Tax News Aggregation Team Sunday, September 13, 2020 1:00 am http://ambankers.net/article/46934/where-to-put-your-stocks-and-bonds-to-pay-less-tax By holding investments like bonds in these accounts, any income earned will not be taxed in the period earned -- it will only be taxed, albeit at ordinary income rates, when money is actually withdrawn from the account. Tax GAO Tells Lawmakers Offshore Variable Life Can Be Abused News Aggregation Team Wednesday, September 02, 2020 1:00 am http://ambankers.net/article/46803/gao-tells-lawmakers-offshore-variable-life-can-be-abused Further, some taxpayers closely control how their premiums are invested and may direct premium funds toward illiquid assets they currently own in an attempt to convert taxable income to tax-exempt income that is eventually passed on to their beneficiaries Tax Facing change: Current United States tax and estate planning ideas News Team Wednesday, August 12, 2020 1:00 am http://ambankers.net/article/46587/facing-change-current-united-states-tax-and-estate-planning-ideas Uncertainty at a political level, and the possibility of further changes in the tax code, create urgency. Tax IRS Undertaking Hundreds of Repatriation Tax Audits in October News Aggregation Team Thursday, July 30, 2020 1:00 am http://ambankers.net/article/46426/irs-undertaking-hundreds-of-repatriation-tax-audits-in-october “We believe that there’s a high likelihood of noncompliance in this space,” Tax Transatlantic Tax Updates: July 2020 News Team Thursday, July 30, 2020 1:00 am http://ambankers.net/article/46428/transatlantic-tax-updates-july-2020 A round-up of the recent US tax changes relevant to American taxpayers living in the UK. Tax Honduran Citi executive nominated for No. 2 job at Latin American bank News Aggregation Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47378/honduran-citi-executive-nominated-for-no-2-job-at-latin-american-bank A spokesman for the Bank declined to comment. Retail Banking Bank of America, Wells Fargo and Truist remain deposit leaders in Sarasota-Manatee News Aggregation Team Tuesday, October 06, 2020 1:00 am http://ambankers.net/article/47204/bank-of-america-wells-fargo-and-truist-remain-deposit-leaders-in-sarasota-manatee Truist, the recent combination of SunTrust and BB&T banks, grew just $2.1 million for a total of $3.429 billion. Retail Banking PNC, Key Bank to close more branches News Aggregation Team Wednesday, September 16, 2020 1:00 am http://ambankers.net/article/46977/pnc-key-bank-to-close-more-branches PNC currently has 2,256 branches while KeyCorp has 1,077 branches Retail Banking Mogo Establishes new Referral Agreement with EQ Bank for Savings Plus Account News Team Friday, August 28, 2020 1:00 am http://ambankers.net/article/46769/mogo-establishes-new-referral-agreement-with-eq-bank-for-savings-plus-account ogo to promote EQ Bank’s award-winning Savings Plus Account to its member base Retail Banking Report: Arvest Bank most popular PPP lender in Arkansas News Aggregation Team Tuesday, August 25, 2020 1:00 am http://ambankers.net/article/46709/report-arvest-bank-most-popular-ppp-lender-in-arkansas About 91% of Arvest Bank’s 6,553 PPP loans were for amounts of less than $150,000, according to the study. Retail Banking Bank earnings preview: Focus remains on bad loan provisions in Q3 News Aggregation Team Monday, August 24, 2020 1:00 am http://ambankers.net/article/46700/bank-earnings-preview-focus-remains-on-bad-loan-provisions-in-q3 The banks have continued to face pressure in the quarter as the COVID-19 pandemic continues to wreak havoc on the economy, employment and investments. Retail Banking American Express to Acquire Kabbage News Team Tuesday, August 18, 2020 1:00 am http://ambankers.net/article/46642/american-express-to-acquire-kabbage Acquisition Will Expand American Express’ Digital Cash Flow Management Offerings for Small Businesses Retail Banking HomeStreet Bank Selects SS&C to Support Commercial Real Estate Lending Operations News Team Friday, August 14, 2020 1:00 am http://ambankers.net/article/46616/homestreet-bank-selects-ssampampc-to-support-commercial-real-estate-lending-operations Seattle community bank will leverage Precision LM to manage $3.6 billion commercial/multifamily mortgage loan portfolio Retail Banking BBVA, named best bank in Europe and Latin America for innovation in digital banking News Aggregation Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46462/bbva-named-best-bank-in-europe-and-latin-america-for-innovation-in-digital-banking Newly renamed ‘Innovation in Digital Banking Awards,’ this honor was created because the publication believed it need to to more broadly recognize the innovation strategies that banks have defined to advance their digital transformations. Retail Banking RBC tests new loss-absorbing note amid uncertainty on COVID pain News Aggregation Team Friday, July 17, 2020 1:00 am http://ambankers.net/article/46285/rbc-tests-new-loss-absorbing-note-amid-uncertainty-on-covid-pain The deal will be available for sale to domestic and overseas buyers, according to a presentation sent to regulators in Canada on Wednesday. Retail Banking Creating a climate of change News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47381/creating-a-climate-of-change Addressing the business ramifications of climate risk on banks ESG Compliance in Brazil: what makes this a complex environment? News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47382/compliance-in-brazil-what-makes-this-a-complex-environment Long incorporation times, varying regional requirements and intricate tax and accountancy rules all play a role in making Brazil a challenging compliance environment. ESG Broadridge 2020 Sustainability Report Underlines Commitment to ESG News Team Wednesday, October 21, 2020 1:00 am http://ambankers.net/article/47363/broadridge-2020-sustainability-report-underlines-commitment-to-esg Committing to best-in-class governance policies and practices that serve the interests of Broadridge and its stockholders ESG California joins the Coalition for Climate Resilient Investment to advance the inclusion of climate risk standards into investment decisions News Team Friday, October 02, 2020 1:00 am http://ambankers.net/article/47159/california-joins-the-coalition-for-climate-resilient-investment-to-advance-the-inclusion-of-climate-risk-standards-into-investment-decisions The wildfires across California and other Western states have illustrated the threat of asset damage, operational disruption and human suffering from physical climate risks and disasters that continue to escalate in 2020. ESG The sustainability challenge in advice News Aggregation Team Friday, October 02, 2020 1:00 am http://ambankers.net/article/47164/the-sustainability-challenge-in-advice A 2019 study by research firm Cerulli Associates found that 56% of US retirement plans surveyed showed a preference for investing in companies that are environmentally and socially responsible. ESG Morgan Stanley commits to reach net-zero finance emissions by 2050 News Team Wednesday, September 30, 2020 1:00 am http://ambankers.net/article/47140/morgan-stanley-commits-to-reach-net-zero-finance-emissions-by-2050 Morgan Stanley is also committing to taking a leadership role in developing the tools and methodologies needed to measure and manage our carbon-related activities in appropriate ways. ESG More efforts needed from governments, regulators and business to unlock full potential of sustainable finance News Team Tuesday, September 29, 2020 1:00 am http://ambankers.net/article/47118/more-efforts-needed-from-governments-regulators-and-business-to-unlock-full-potential-of-sustainable-finance The OECD Business and Finance Outlook 2020 says that ESG investing has grown steadily in recent years, with ESG ratings, indices and other financial products proliferating to meet demand. ESG Goldman Sachs AM launches GS Global ESG Enhanced Income Bond Portfolio News Aggregation Team Thursday, September 24, 2020 1:00 am http://ambankers.net/article/47066/goldman-sachs-am-launches-gs-global-esg-enhanced-income-bond-portfolio "The GS Global ESG Enhanced Income Bond Portfolio makes a conscious effort to avoid companies that in our view exhibit weak ESG profiles" ESG ESG sees record inflows amid pandemic. One leading issuer on the theme’s staying power News Aggregation Team Sunday, September 20, 2020 1:00 am http://ambankers.net/article/47017/esg-sees-record-inflows-amid-pandemic-one-leading-issuer-on-the-themeamprsquos-staying-power “Investors are adopting this ... less so as a satellite, very specific position, but as something that they’ll put at the heart of their portfolio,” ESG How to separate the good from the bad and ugly ESG funds News Aggregation Team Tuesday, September 08, 2020 1:00 am http://ambankers.net/article/46866/how-to-separate-the-good-from-the-bad-and-ugly-esg-funds Even oil majors can achieve good environmental, social and governance scores in some rankings ESG COVID-19 Fuels Uncertainty about U.S. Retirement, Wells Fargo Survey Finds News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47383/covid-19-fuels-uncertainty-about-us-retirement-wells-fargo-survey-finds Pandemic highlights the important role Social Security and Medicare will play in American retirement Covid-19 Canadians adjust to the pandemic's impact on their homes and lives News Team Thursday, October 22, 2020 1:00 am http://ambankers.net/article/47387/canadians-adjust-to-the-pandemicamp039s-impact-on-their-homes-and-lives Despite challenges brought on by COVID-19, Canadians moving forward with relationships and renos, TD survey shows Covid-19 8 Ways COVID Will Transform the Economy and Disrupt Every Business News Team Monday, September 28, 2020 1:00 am http://ambankers.net/article/47111/8-ways-covid-will-transform-the-economy-and-disrupt-every-business As history likes to remind us, with unprecedented times come unprecedented opportunities. Covid-19 COVID-19: Implications for business News Team Thursday, September 24, 2020 1:00 am http://ambankers.net/article/47065/covid-19-implications-for-business Our latest perspectives on the coronavirus outbreak, the twin threats to lives and livelihoods, and how organizations can prepare for the next normal. Covid-19 The path ahead News Team Thursday, September 24, 2020 1:00 am http://ambankers.net/article/47068/the-path-ahead Navigating financial services sector performance post-COVID-19 Covid-19 The coronavirus pandemic will permanently change how advisors want to meet with asset manager salespeople News Team Sunday, August 30, 2020 1:00 am http://ambankers.net/article/46772/the-coronavirus-pandemic-will-permanently-change-how-advisors-want-to-meet-with-asset-manager-salespeople SS&C Advisor Insights survey, conducted in association with Horsesmouth, expressed that fundamental changes are happening and will continue once they reopen their offices to asset managers. Covid-19 COVID-19 thrown a wrench into retirement planning? Don't panic. News Aggregation Team Sunday, August 09, 2020 1:00 am http://ambankers.net/article/46544/covid-19-thrown-a-wrench-into-retirement-planning-donamp039t-panic Fidelity Investments suggests a retirement savings rule of thumb for individual which calls for saving 1x your salary by age 30, 3x by 40, 6x by 50, 8x by 60 and 10x by age 67. Covid-19 COVID-19 will result in a permanent increase in compliance risk News Team Monday, July 20, 2020 1:00 am http://ambankers.net/article/46288/covid-19-will-result-in-a-permanent-increase-in-compliance-risk COVID-19 will have a lasting impact on the way businesses approach compliance. Covid-19 America’s billionaires have a hoarding problem News Aggregation Team Thursday, July 16, 2020 1:00 am http://ambankers.net/article/46264/americaamprsquos-billionaires-have-a-hoarding-problem Ultra-wealthy so-called philanthropists are pinching pennies while asking for praise, and it’s time for Americans to call them out. Covid-19 The Fits & Starts Of Reopening – A Balancing Act For Executive Teams News Aggregation Team Sunday, July 12, 2020 1:00 am http://ambankers.net/article/46197/the-fits-ampamp-starts-of-reopening-ampndash-a-balancing-act-for-executive-teams The uncertainty of the situation is a killer for business operations and investments. Covid-19