The Americas Banking News Network http://ambankers.net/ Sat, 21 Jul 2018 21:54:21 BST part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png The Americas Banking News Network KohanaPHP RBC Wealth Management Creates New Practice Management Program News Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38357/rbc-wealth-management-creates-new-practice-management-program Dedicated coaches and customized online tools to support advisor growth and improve client experience Wealth and Asset Management Morgan Stanley’s Gorman Says Broker Poaching Is Over News Aggregation Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38360/morgan-stanleyamprsquos-gorman-says-broker-poaching-is-over The number of full-service wealth management firms that aggressively recruited from each other has dropped from 10 to four in the past 25 years, Gormansaid, referring to the big four Wealth and Asset Management Morgan Stanley's Dealmakers Post Biggest Gains on Wall Street News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38336/morgan-stanleyamp039s-dealmakers-post-biggest-gains-on-wall-street The firm was the only one to post double-digit increases in both trading businesses for the second quarter and led the mergers league table for the first half. Wealth and Asset Management U.S. Bank posts 15% hike in wealth management profits News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38337/us-bank-posts-15-hike-in-wealth-management-profits Profits for the first half of the year were up an impressive 27.6%, while revenue was up 9.1%. Wealth and Asset Management New Reporting Regulation Will Have Big Effect on Family Offices News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38339/new-reporting-regulation-will-have-big-effect-on-family-offices A new agreement on international tax and financial information exchange aims to provide less opportunity to shelter wealth from taxation. Global wealth managers and advisors need to make sure they and their clients are in compliance. Wealth and Asset Management Utmost Wealth to expand worldwide with acquisition News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38346/utmost-wealth-to-expand-worldwide-with-acquisition The acquisition is conditional on, inter alia, regulatory and competition authority approvals and is expected to complete by Q1 2019. Wealth and Asset Management Wells Fargo’s Private Bank Automated Investment Management, Report Claims News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38351/wells-fargoamprsquos-private-bank-automated-investment-management-report-claims The firm made other changes in its private bank unit to emphasize sales, according to Yahoo Finance. Wealth and Asset Management Goldman Sachs NFL Play For Wealth Management Growth News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38322/goldman-sachs-nfl-play-for-wealth-management-growth This new role shouldn’t be to difficult for Tuck given his already impressive educational background as a Notre Dame alum. Wealth and Asset Management Genstar Capital Acquires Majority Stake In Cetera Financial Group News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38325/genstar-capital-acquires-majority-stake-in-cetera-financial-group The deal will be a full recapitalization of the broker/dealer, which will retain its current operational structure. Wealth and Asset Management Time's Up for the Wealth Management Industry News Aggregation Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38309/timeamp039s-up-for-the-wealth-management-industry A recent survey made me feel deeply ashamed to be a part of the industry with the highest recorded prevalence of sexual harassment. Wealth and Asset Management Santander Bank announces senior appointment News Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38355/santander-bank-announces-senior-appointment Laura's addition underscores the continued investment we are making in our corporate finance and capital markets People Moves Sean Gallagher, co-CIO of fundamental US equity, and Suneil Mahindru, CIO of international equity, are to leave the firm. News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38338/sean-gallagher-co-cio-of-fundamental-us-equity-and-suneil-mahindru-cio-of-international-equity-are-to-leave-the-firm Gallagher, who was promoted to the position of co-CIO of fundamental US equity in January People Moves Half a Billion Dollar Merrill Lynch Team Takes Flight News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38341/half-a-billion-dollar-merrill-lynch-team-takes-flight Senderling began his financial services career at Merrill Lynch in 1990, according to his BrokerCheck profile. People Moves Oppenheimer Expands Its Financial Technology Expertise With New Managing Director News Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38321/oppenheimer-expands-its-financial-technology-expertise-with-new-managing-director Oppenheimer's continued investment in areas of significant new company formation such as FinTech demonstrates our commitment to connecting the emerging cohorts of value-creating private companies to durable sources of growth capital and strategic par People Moves Retired Vanguard Exec To Take CFP Board Helm At Pivotal Moment News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38334/retired-vanguard-exec-to-take-cfp-board-helm-at-pivotal-moment Brod will serve as chair-elect in 2019. In this position he will help provide strategic direction for the organization, People Moves Scott Cerosky and William J. Paterno Join World Insurance Associates LLC News Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38323/scott-cerosky-and-william-j-paterno-join-world-insurance-associates-llc This resulted in more accurate insurance classifications and better protection by insurance programs. People Moves Stifel hires 3 advisors from Merrill, Wells, Oppenheimer News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38326/stifel-hires-3-advisors-from-merrill-wells-oppenheimer The cumulative impact on Stifel's head count, which currently stands at 2,266, should be evident when it reports second quarter earnings until later this month. People Moves HSBC Private Banking, Americas Appoints New Philanthropic and Family Governance Specialist News Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38328/hsbc-private-banking-americas-appoints-new-philanthropic-and-family-governance-specialist She joins HSBC with more than 10 years of charitable planning and administration experience. People Moves Wells Loses Six-Broker Team in NYC, Complex Manager in New Jersey News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38329/wells-loses-six-broker-team-in-nyc-complex-manager-in-new-jersey Joining them at RayJay are Roger Jee, who has worked with them since 1993, and Michael Lubin, a 20-year veteran broker and former financial reporter who joined their Wells team in 2015. People Moves Cambridge Trust Company Announces Appointments of John Sullivan and Kerri Mooney to Senior Leadership Roles News Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38330/cambridge-trust-company-announces-appointments-of-john-sullivan-and-kerri-mooney-to-senior-leadership-roles Sullivan to Take Charge of Bank’s Growing Jumbo Mortgage Financing and Personal Lending Business; Mooney to Lead Private Banking Offices People Moves Deloitte Corporate Finance Advises ESP Associates News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38343/deloitte-corporate-finance-advises-esp-associates Deloitte Corporate Finance provided exceptional support throughout the deal process, providing guidance and advice as we considered all of our strategic options and identified a great partnership for ESP’s future. Legal, Regulation & Compliance The Compliance Complexity Index 2018 - TMF News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38347/the-compliance-complexity-index-2018-tmf At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues. Legal, Regulation & Compliance Swiss Private Bank fined by US Department of Justice News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38349/swiss-private-bank-fined-by-us-department-of-justice The IRS recently announced that the Offshore Voluntary Disclosure Program will close on September 28, 2018. Legal, Regulation & Compliance Greenberg Traurig co-founder Traurig dies at 93 News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38332/greenberg-traurig-co-founder-traurig-dies-at-93 “Bob was unique and a huge influence on all of us at the law firm – lawyers and staff. His accomplishments and contributions to our firm, the legal profession and our community will remain as standards always." Legal, Regulation & Compliance New constitution in Cuba will recognise free market and private property News Aggregation Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38310/new-constitution-in-cuba-will-recognise-free-market-and-private-property But the Cuban Communist Party, led by Miguel Diaz-Canel, remains ‘the superior leading force of society and the state’ Legal, Regulation & Compliance Chinese Billionaire Asks to Delay Prison Sentence Yet Again News Aggregation Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38315/chinese-billionaire-asks-to-delay-prison-sentence-yet-again “That request is unwarranted, inequitable and should be denied,” a prosecutor wrote. Legal, Regulation & Compliance Fischer & Schickendantz and Solution Alliance SRL Adopt Andersen Brand in Uruguay News Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38316/fischer-ampamp-schickendantz-and-solution-alliance-srl-adopt-andersen-brand-in-uruguay The firm’s professionals deliver services in a number of practice areas, including mergers & acquisitions, commercial contracts, agribusiness, property conveyance, cross-border tax advice, transfer pricing, accounting, litigation & arbitrati Legal, Regulation & Compliance US Court Rejects Bid to Dismiss Puerto Rico Insolvency Case News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38305/us-court-rejects-bid-to-dismiss-puerto-rico-insolvency-case The board is appointed under a 2016 federal law — known as PROMESA — to oversee and improve Puerto Rico's finances. Legal, Regulation & Compliance BTG Founder Esteves Acquitted in Brazil Witness Tampering News Aggregation Team Friday, July 13, 2018 1:00 am http://ambankers.net/article/38279/btg-founder-esteves-acquitted-in-brazil-witness-tampering In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped. Legal, Regulation & Compliance JPMorgan Whistleblower Set to Get Largest Payout from CFTC News Aggregation Team Friday, July 13, 2018 1:00 am http://ambankers.net/article/38287/jpmorgan-whistleblower-set-to-get-largest-payout-from-cftc Alert on conflicts of interest at JPMorgan leads to $30 million award Legal, Regulation & Compliance Temenos extends contract with Northern Trust News Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38300/temenos-extends-contract-with-northern-trust At Northern Trust we are committed to evolving our services and solutions to best support our clients’ requirements FinTech SS&C Finds Asset Managers' Operating Margins Fall as AUM Declines For the First Time in Five Quarters News Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38265/ssampampc-finds-asset-managersamp039-operating-margins-fall-as-aum-declines-for-the-first-time-in-five-quarters Analysis indicates market volatility impacted asset managers in Q1 2018 FinTech Nasdaq to provide clearing technology to SIX News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38275/nasdaq-to-provide-clearing-technology-to-six Nasdaq's market infrastructure technologies, including trading, real-time risk, index, clearing, CSD and market surveillance systems are operated in more than 100 marketplaces FinTech Snowden Lane Partners Converts Institutional SMA to Archer News Team Wednesday, July 11, 2018 1:00 am http://ambankers.net/article/38249/snowden-lane-partners-converts-institutional-sma-to-archer Technology, services, and robust ecosystem enabled fast conversion to Archer’s solution FinTech Banks play catch-up in fintech for small-business clients News Aggregation Team Tuesday, July 10, 2018 1:00 am http://ambankers.net/article/38225/banks-play-catch-up-in-fintech-for-small-business-clients Both companies’ banking clients will be able to offer the platform, according to Strands. FinTech UBS Launches Next Generation Digital Solution for Corporate Clients and Equity Plan Participants News Team Tuesday, July 10, 2018 1:00 am http://ambankers.net/article/38217/ubs-launches-next-generation-digital-solution-for-corporate-clients-and-equity-plan-participants Embracing the right type of technology and creating innovative solutions are the heart of our service offering FinTech Citizens Alliance Bank signs for CSI core platform News Team Tuesday, July 10, 2018 1:00 am http://ambankers.net/article/38230/citizens-alliance-bank-signs-for-csi-core-platform The second factor is the technology provider’s ability to deliver a fully integrated solution that will help the bank offer more seamless channel experiences for today’s banking customers, especially millennials. FinTech Ally Bank Drives Customers to Its Investment Platform News Aggregation Team Friday, July 06, 2018 1:00 am http://ambankers.net/article/38190/ally-bank-drives-customers-to-its-investment-platform The rebranded Ally Invest went live in May 2017, and that bet appears to be paying off. FinTech The 15 Biggest ICOs So Far News Team Thursday, July 05, 2018 1:00 am http://ambankers.net/article/38182/the-15-biggest-icos-so-far In Europe, Switzerland stands out as the ICO capital, followed by the UK, the latter rapidly gaining terrain in terms of volume and numbers. Swiss ICOs have raised US$456 million. FinTech Bank Of America Deploys Biometrics For Enterprise Mobile Banking News Aggregation Team Tuesday, July 03, 2018 1:00 am http://ambankers.net/article/38160/bank-of-america-deploys-biometrics-for-enterprise-mobile-banking According to Tom Durkin, Bank of America‘s head of digital channels, financial institutions have a new opportunity to embrace this development. FinTech AllianceBernstein Announces New Strategic Joint Venture News Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38352/alliancebernstein-announces-new-strategic-joint-venture The new JV is expected to be fully in place by the end of 2018. Alternative Investments Korea’s top institutional investor eyes realty in major US cities News Aggregation Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38359/koreaamprsquos-top-institutional-investor-eyes-realty-in-major-us-cities We’re reducing the proportion of equities in our investment as the overall stock market has been sluggish this year Alternative Investments AIG closes Validus acquisition News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38344/aig-closes-validus-acquisition Validus' experienced team and complementary businesses will help us deliver sustainable, profitable growth Alternative Investments Temasek expanding footprint in US despite trade tensions News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38320/temasek-expanding-footprint-in-us-despite-trade-tensions The proportion trails Singaporean and Chinese investments, which make up 27 per cent and 26 per cent of the portfolio, respectively. Alternative Investments RIA 'Shark Tank' backs a digital adviser out of the gate News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38335/ria-amp039shark-tankamp039-backs-a-digital-adviser-out-of-the-gate Despite a crowded market, RIAs bet InvestmentPOD has what it takes to build a better mousetrap Alternative Investments BlackRock reports higher earnings, but says inflows slowing because of 'investor uncertainty' News Aggregation Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38308/blackrock-reports-higher-earnings-but-says-inflows-slowing-because-of-amp039investor-uncertaintyamp039 BlackRock said its stronger-than-expected revenue was driven in part by base fees, performance fees and "technology services revenue Alternative Investments Northern Trust to combine private equity, hedge fund servicing arms News Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38312/northern-trust-to-combine-private-equity-hedge-fund-servicing-arms Leverages Strength and Expertise in Hedge Fund and Private Equity Servicing to Offer Unique Solutions to ‘Hybrid’ Managers Alternative Investments BlackRock begins exploration of bitcoin News Aggregation Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38314/blackrock-begins-exploration-of-bitcoin The asset manager has set up a working group to investigate ways it can take advantage of the fast-growing cryptocurrency market Alternative Investments BlackRock Is Preparing to Open a Sales Office in Argentina News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38259/blackrock-is-preparing-to-open-a-sales-office-in-argentina Location adds to offices in Mexico, Brazil, Chile, Colombia Alternative Investments World’s largest investment fund drops two investments with Colorado ties News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38262/worldamprsquos-largest-investment-fund-drops-two-investments-with-colorado-ties Tri-State cut for burning coal; JBS lost investment due to “gross corruption” Alternative Investments Euromoney names the world’s best banks in its 2018 Awards for Excellence News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38273/euromoney-names-the-worldamprsquos-best-banks-in-its-2018-awards-for-excellence Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards. Investment Banking Tiger Global Management builds $1bn stake in Japan's SoftBank News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38274/tiger-global-management-builds-1bn-stake-in-japanamp039s-softbank The Tiger Global Investments hedge fund and the Global Long Opportunities fund built the stake over the past few months. Investment Banking Deutsche Bank fails Fed stress test while 3 US lenders stumble News Aggregation Team Friday, June 29, 2018 1:00 am http://ambankers.net/article/38129/deutsche-bank-fails-fed-stress-test-while-3-us-lenders-stumble The Fed also placed conditions on three banks that passed the test. Investment Banking Goldman, Citi hunker down as trade war hits emerging markets News Aggregation Team Wednesday, June 27, 2018 1:00 am http://ambankers.net/article/38098/goldman-citi-hunker-down-as-trade-war-hits-emerging-markets Investors are increasingly paying heed as the US prepares for a trade war Investment Banking Nomura Is Said to Cut 28 Global Markets Jobs in U.S. News Aggregation Team Friday, June 22, 2018 1:00 am http://ambankers.net/article/38031/nomura-is-said-to-cut-28-global-markets-jobs-in-us Nomura plans to work on reducing costs abroad while investing in profitable areas, co-Chief Operating Officer Toshio Morita said at an annual shareholder meeting in Tokyo on Friday. Investment Banking Easy transatlantic pickings come to end for US banks News Aggregation Team Thursday, June 14, 2018 1:00 am http://ambankers.net/article/37913/easy-transatlantic-pickings-come-to-end-for-us-banks An FT analysis on how investment banks have fared in the decade since Lehman failed showed the top five European investment banks suffered a 5 per cent fall in sales and trading revenues and a 53 per cent fall in group-wide net income.  Investment Banking Paul Tudor Jones, Goldman Sachs launch ETF focused on ESG investing News Aggregation Team Wednesday, June 13, 2018 1:00 am http://ambankers.net/article/37885/paul-tudor-jones-goldman-sachs-launch-etf-focused-on-esg-investing Environmental, social and governance issues, or ESG, is a hot topic in asset management, with an increasing number of institutional investors like pension funds and endowments keen to burnish their credentials as conscientious long-term investors. Investment Banking New MUFG unit's goal: Get more tech clients News Aggregation Team Tuesday, June 12, 2018 1:00 am http://ambankers.net/article/37867/new-mufg-unitamp039s-goal-get-more-tech-clients Davidson, who has been with MUFG since 2012, will be responsible for growing a global team of bankers that focus on deepening existing relationships and increasing the group’s roster of technology clients Investment Banking BofA said to tap brakes on risk, spurring banker departures News Aggregation Team Friday, June 08, 2018 1:00 am http://ambankers.net/article/37833/bofa-said-to-tap-brakes-on-risk-spurring-banker-departures The firm has become more selective when asked to advise potentially thorny deals, and it's easing off certain overseas markets, they said. Investment Banking Morgan Stanley Honors Technology Partners Delphix, Illumio and Qualtrics with Innovation Award at 18th TechWeek & CTO Innovation Summit News Team Thursday, June 07, 2018 1:00 am http://ambankers.net/article/37819/morgan-stanley-honors-technology-partners-delphix-illumio-and-qualtrics-with-innovation-award-at-18th-techweek-ampamp-cto-innovation-summit “Innovation is deeply embedded in Morgan Stanley’s DNA and crucial to driving our business forward,” said Robert Rooney, Morgan Stanley’s Global Head of Technology." Investment Banking 22 books Wall Streeters think everyone should read this summer News Aggregation Team Tuesday, July 24, 2018 1:00 am http://ambankers.net/article/38313/22-books-wall-streeters-think-everyone-should-read-this-summer "RBC is a major supporter of golf and when I get time I play with my kids on the weekend: both of them love the game." Comment, Analysis & Research 2018 Insights on Wealth and Worth News Team Friday, July 20, 2018 1:00 am http://ambankers.net/article/38356/2018-insights-on-wealth-and-worth Putting wealth into action Comment, Analysis & Research Banks brush off market uncertainty with record deal fees News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38340/banks-brush-off-market-uncertainty-with-record-deal-fees Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Comment, Analysis & Research Wall Street legend Sallie Krawcheck tackles gender investing gap News Aggregation Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38358/wall-street-legend-sallie-krawcheck-tackles-gender-investing-gap Sallie Krawcheck was dubbed the most powerful woman on Wall Street. Now she's redefining investing for women. Comment, Analysis & Research The Wealth Boom Isn't Trickling Down to Advisors News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38324/the-wealth-boom-isnamp039t-trickling-down-to-advisors Few financial advisors will benefit from the growing level of global wealth, savings accounts for gamers and Schwab reports growth in its advisor business. Comment, Analysis & Research Investors should breathe easy — for now News Aggregation Team Wednesday, July 18, 2018 1:00 am http://ambankers.net/article/38327/investors-should-breathe-easy-ampmdash-for-now Other investors, like Mohamed El-Erian, have also said that the United States may be better off because of the tariffs. Comment, Analysis & Research Establishing a Business Presence in the United States News Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38293/establishing-a-business-presence-in-the-united-states The way ECI and FDAP is taxed and collected differs too. Comment, Analysis & Research China shifts investment focus from North America to Europe News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38295/china-shifts-investment-focus-from-north-america-to-europe The figures were released by global law firm Baker McKenzie and highlight the economic impact of recent policy divergence. Comment, Analysis & Research How Goldman Sachs Lost the World Cup News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38304/how-goldman-sachs-lost-the-world-cup The investment bank’s sophisticated model to predict game results didn’t even come close. Comment, Analysis & Research KC is home to one of the nation's 50 fastest-growing wealth advisers News Aggregation Team Friday, July 13, 2018 1:00 am http://ambankers.net/article/38286/kc-is-home-to-one-of-the-nationamp039s-50-fastest-growing-wealth-advisers Its main spark for client growth is referrals from existing clients Comment, Analysis & Research IRS spent $380m but took ‘limited or no action’ on offshore tax dodges News Team Tuesday, July 17, 2018 1:00 am http://ambankers.net/article/38318/irs-spent-380m-but-took-amplsquolimited-or-no-actionamprsquo-on-offshore-tax-dodges As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality Tax Swiss Bank to Settle U.S. Tax Probe News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38292/swiss-bank-to-settle-us-tax-probe The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others. Tax Andersen Tax & Legal Debuts in Ecuador News Aggregation Team Friday, July 13, 2018 1:00 am http://ambankers.net/article/38285/andersen-tax-ampamp-legal-debuts-in-ecuador Both firms are well-respected in their markets as leaders in the industry. Profile Cia, Ltda. led by Mauricio Durango and David Uribe, has a 20-year history specializing in domestic and international taxation, transfer pricing and corporate legal services Tax Worlds biggest corporate tax haven its no paradise island News Aggregation Team Friday, July 13, 2018 1:00 am http://ambankers.net/article/38290/worlds-biggest-corporate-tax-haven-its-no-paradise-island They began their research by comparing the profits made within a country to the amount of corporate activity. Tax Mitchell Titus acquires Washington, Pittman & McKeever News Aggregation Team Thursday, July 12, 2018 1:00 am http://ambankers.net/article/38267/mitchell-titus-acquires-washington-pittman-ampamp-mckeever The firm has grown over the years and is led by Lester McKeever, a CPA and attorney Tax Tax Loophole From 1960s Could Let Wealthy Tap 21% Corporate Rate News Aggregation Team Wednesday, July 11, 2018 1:00 am http://ambankers.net/article/38255/tax-loophole-from-1960s-could-let-wealthy-tap-21-corporate-rate Passive income held offshore may benefit from arcane provision Tax Millionaires Leaving Calif. After Tax Hike News Aggregation Team Monday, July 09, 2018 1:00 am http://ambankers.net/article/38199/millionaires-leaving-calif-after-tax-hike The new report updates information published six years ago that examined migration to and from California after a tax increase in 2004. Tax Facebook co-founder: Tax the rich at 50% to give $500-a-month free cash and fix income inequality News Aggregation Team Friday, July 06, 2018 1:00 am http://ambankers.net/article/38188/facebook-co-founder-tax-the-rich-at-50-to-give-500-a-month-free-cash-and-fix-income-inequality He says he's made "half a billion dollars for three years of work" based on the value of his initial stock in Facebook, and his "lucky break" is exactly what's wrong with America today. Tax IRS-CI Joins International Effort To Fight Tax, Cryptocurrency And Financial Crimes News Aggregation Team Tuesday, July 03, 2018 1:00 am http://ambankers.net/article/38157/irs-ci-joins-international-effort-to-fight-tax-cryptocurrency-and-financial-crimes Membership of the J5 includes the heads of tax crime and senior officials in tax agencies, including Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen-en Opsp Tax Tax chiefs unite to tackle international tax crime News Team Monday, July 02, 2018 1:00 am http://ambankers.net/article/38148/tax-chiefs-unite-to-tackle-international-tax-crime HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime. Tax European Challenger Bank invests in US consumer loans News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38342/european-challenger-bank-invests-in-us-consumer-loans This loan purchase programme was implemented by Fintex Capital Retail Banking Bank of America beats, profits climbs 33% News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38301/bank-of-america-beats-profits-climbs-33 Solid operating leverage and client activity drove earnings higher this quarter Retail Banking HSBC Bank Canada looking to boost retail presence after mortgage blitz News Aggregation Team Thursday, July 05, 2018 1:00 am http://ambankers.net/article/38185/hsbc-bank-canada-looking-to-boost-retail-presence-after-mortgage-blitz The country's seventh-largest lender has been undercutting of other major banks with a five-year, 2.39-per-cent variable mortgage rate and wants to expand Retail Banking CoBiz Financial sold in $1 billion deal News Aggregation Team Wednesday, June 20, 2018 1:00 am http://ambankers.net/article/37975/cobiz-financial-sold-in-1-billion-deal CoBiz also has private bank, wealth management and commercial insurance business. The transaction is expected to close in the fourth quarter. Retail Banking The best of the best: RBI 2018 Global Awards winners revealed News Aggregation Team Wednesday, May 16, 2018 1:00 am http://ambankers.net/article/37556/the-best-of-the-best-rbi-2018-global-awards-winners-revealed It was a good night for Emirates NBD with three awards and for Royal Bank of Canada with two wins. Retail Banking Stifel buys The Business Bank of St. Louis News Team Friday, May 11, 2018 1:00 am http://ambankers.net/article/37513/stifel-buys-the-business-bank-of-st-louis The Business Bank of St. Louis was founded in 2002 and operates a full-service banking facility from a single location in Clayton, Missouri. Retail Banking First Foundation Launches Corporate Banking Offering News Team Wednesday, March 21, 2018 12:00 am http://ambankers.net/article/36809/first-foundation-launches-corporate-banking-offering Firm Strengthens Its Commercial Banking Solution by Launching Dedicated Offering and Making Strategic Appointments and Promotions Retail Banking F.N.B. Corporation Again Recognized by Greenwich Associates for Excellence in Banking News Team Wednesday, February 21, 2018 12:00 am http://ambankers.net/article/36450/fnb-corporation-again-recognized-by-greenwich-associates-for-excellence-in-banking Greenwich Associates is a leading global provider of market intelligence and advisory services to the ļ¬nancial services industry. Retail Banking Bank of Hawaii posts 4Q profit News Team Monday, January 22, 2018 12:00 am http://ambankers.net/article/36100/bank-of-hawaii-posts-4q-profit 2017 Earnings Reaches Record of $4.33 Per Diluted Share Retail Banking San Francisco advances toward launching a public bank News Aggregation Team Sunday, December 03, 2017 12:00 am http://ambankers.net/article/35583/san-francisco-advances-toward-launching-a-public-bank Public banks are also gaining traction in the era of legalized recreational cannabis. Retail Banking 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 Falah Capital sparks US Islamic finance? News Aggregation Team Monday, April 21, 2014 1:00 am http://ambankers.net/article/12036/falah-capital-sparks-us-islamic-finance The timing is very attractive and the evolution of Islamic ETFs is starting to swing higher New Products & Services BNY Mellon Reports Second Quarter 2018 Earnings of $1.06 Billion News Team Thursday, July 19, 2018 1:00 am http://ambankers.net/article/38348/bny-mellon-reports-second-quarter-2018-earnings-of-106-billion Following the release of our CCAR results, we are now authorized to repurchase $2.4 billion in common shares by mid-2019 Company Results JPMorgan profit beats on better-than-expected trading, loan growth News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38296/jpmorgan-profit-beats-on-better-than-expected-trading-loan-growth Overall, the bank's revenue rose 6.5 per cent to US$28.39 billion Company Results Citigroup executives see better growth ahead, but not yet News Aggregation Team Monday, July 16, 2018 1:00 am http://ambankers.net/article/38297/citigroup-executives-see-better-growth-ahead-but-not-yet Although some businesses are not operating at their full potential, management has confidence in longer-term growth prospects, chief financial officer John Gerspach said. Company Results Class II Multi-Family Office, Reports Record Revenue for Q2 News Team Tuesday, July 10, 2018 1:00 am http://ambankers.net/article/38228/class-ii-multi-family-office-reports-record-revenue-for-q2 The company maintained an approximate 20% cash position throughout the 2nd Quarter of 2018 with approximately $186 Million in risk on (long) trades during the same period. Company Results Wells Fargo's $33 Billion Capital Return Plan Is A New Record For U.S. Banks News Aggregation Team Friday, July 06, 2018 1:00 am http://ambankers.net/article/38196/wells-fargoamp039s-33-billion-capital-return-plan-is-a-new-record-for-us-banks Taken together with the new $22 billion share buyback program, this equals the record $32.8 billion payout. Company Results Crypto-Backing Hedge Funds See Negative Returns News Aggregation Team Monday, June 18, 2018 1:00 am http://ambankers.net/article/37943/crypto-backing-hedge-funds-see-negative-returns In addition, concerns over tougher regulations have led to price volatility. Company Results Credicorp revamps WM unit in bid to triple assets News Aggregation Team Thursday, June 14, 2018 1:00 am http://ambankers.net/article/37911/credicorp-revamps-wm-unit-in-bid-to-triple-assets The former chief, James Loveday, will move to another position within the firm, which Laub said should be defined by the end of June. Company Results Newly formed Cresset Wealth Advisors achieves $2B AUM in less than one year News Team Monday, June 11, 2018 1:00 am http://ambankers.net/article/37863/newly-formed-cresset-wealth-advisors-achieves-2b-aum-in-less-than-one-year Seasoned private investors Eric Becker and Avy Stein start new wealth management firm led by industry veterans Doug Regan and Jack Ablin Company Results Mutual Fund Inflows Increase Significantly in 2018: BNY Mellon's Pershing News Team Friday, June 08, 2018 1:00 am http://ambankers.net/article/37847/mutual-fund-inflows-increase-significantly-in-2018-bny-mellonamp039s-pershing Pershing Asset Flows Barometer takes a holistic look at how advisors have steered their clients' investments over the past year, and identifies relevant trends. Company Results RIA Assets on BNY Mellon's Pershing Platform Cross the $600B Mark News Team Thursday, June 07, 2018 1:00 am http://ambankers.net/article/37821/ria-assets-on-bny-mellonamp039s-pershing-platform-cross-the-600b-mark As a result, Pershing is now one of the largest custodians of fiduciary assets in the nation. Company Results