Managers of Wealth - Americas http://ambankers.net/ Fri, 16 Apr 2021 15:47:56 BST part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Cetera Welcomes $340 Million Wealth Management Practice The Advisors LLC News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49249/cetera-welcomes-340-million-wealth-management-practice-the-advisors-llc The firm also offers a built-in succession plan solution so that financial professionals have peace-of-mind in the event of an unforeseen exit or retirement from the business. Wealth and Asset Management IG Wealth Management Enhances Client Diversification with New iProfile Private Investment Mandate News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49250/ig-wealth-management-enhances-client-diversification-with-new-iprofile-private-investment-mandate The iProfile Private Portfolios are managed solutions that provide individuals with the same institutional wealth management and diversification opportunities as large pools of capital, such as pension funds. Wealth and Asset Management Building the Modern Wealth Management Firm: Diverse, Dynamic and Digital News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49252/building-the-modern-wealth-management-firm-diverse-dynamic-and-digital As wealth management firms prepare to return to a new normal, the real winners will be those who make best respond to the challenges and lessons learned from the past year. Wealth and Asset Management First Republic Reports First Quarter 2021 Results News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49261/first-republic-reports-first-quarter-2021-results Revenues Increased 24% Year-Over-Year Tangible Book Value Per Share Increased 14.5% Year-Over-Year 10% Quarterly Dividend Increase Marks 10th Consecutive Year of Dividend Increases Wealth and Asset Management Canaccord Genuity Group Inc., Through Its Wealth Management Business in the UK, Announces the Acquisition of the Investment Management Business of Adam & Company News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49267/canaccord-genuity-group-inc-through-its-wealth-management-business-in-the-uk-announces-the-acquisition-of-the-investment-management-business-of-adam-ampamp-company Acquisition expands UK wealth management footprint into Scotland with a leading and well-established franchise and increases client assets by approximately £1.7 billion (C$2.9 billion) Wealth and Asset Management Citigroup profit triples on reserve release, to exit some consumer unit News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49270/citigroup-profit-triples-on-reserve-release-to-exit-some-consumer-unit Net interest revenue, the difference between interest the bank earns and what it pays on deposits and borrowings, was US10.17 billion, down 12 per cent from a year earlier. Wealth and Asset Management A Focus on Intergenerational Leadership in Family Offices News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49232/a-focus-on-intergenerational-leadership-in-family-offices With the coronavirus pandemic accelerating digital transformation in every home and Family Office Wealth and Asset Management Canaccord Prepared to Raise Offer for RF Capital, CEO Says News Aggregation Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49239/canaccord-prepared-to-raise-offer-for-rf-capital-ceo-says The current proposal values RF at C$367 million ($292 million). Wealth and Asset Management Goldman Sachs profit soars on global deals frenzy, trading boom News Aggregation Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49247/goldman-sachs-profit-soars-on-global-deals-frenzy-trading-boom Total revenue more than doubled to $17.7 billion in the quarter, while financial advisory revenue came in at $1.1 billion. Wealth and Asset Management Pacific Asset Management teams with BlackRock to launch five additional multi-asset model portfolios News Team Tuesday, April 13, 2021 1:00 am http://ambankers.net/article/49212/pacific-asset-management-teams-with-blackrock-to-launch-five-additional-multi-asset-model-portfolios For large advisers and consolidators, this 90-day commitment speeds up the process of aligning multiple books of business across different platforms into one common firm-wide CIP, significantly reducing integration time, complexity and, as result, regulat Wealth and Asset Management Asset Strategy Consultants Deepens Investment Office and Private Wealth Services News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49248/asset-strategy-consultants-deepens-investment-office-and-private-wealth-services Juan M. Buendia joins as Senior Client Advisor to Institutions and Families People Moves Mirova appoints proxy voting and engagement lead News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49251/mirova-appoints-proxy-voting-and-engagement-lead Lindsey Apple will collaborate with portfolio managers and management on voting and engagement decisions in US and Europe People Moves Citigroup Names Head Global Wealth Management News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49253/citigroup-names-head-global-wealth-management The promotion comes as the bank also named new regional wealth-management heads. People Moves Withers welcomes experienced wealth planning advisor in San Francisco News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49259/withers-welcomes-experienced-wealth-planning-advisor-in-san-francisco Christine has nearly two decades of experience advising high net worth individuals on wealth, estate planning, succession and philanthropy matters. People Moves Wells Fargo Sees More Financial Advisors Walk Out the Door News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49264/wells-fargo-sees-more-financial-advisors-walk-out-the-door The latest quarter’s decline stemmed in part from early departures of advisors focused on international clients, the bank said in an email statement. People Moves Citi expands global CIO and investment head’s remit amid restructure News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49266/citi-expands-global-cio-and-investment-headamprsquos-remit-amid-restructure Global private bank unveils series of senior management changes as part of plan to better focus on servicing wide array of clients. People Moves Robertson Stephens appoints industry veteran Chief Marketing Officer News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49272/robertson-stephens-appoints-industry-veteran-chief-marketing-officer LPL veteran brings versatility and additional depth to management team, with a focus on lead generation and client engagement People Moves Blackstone Hires Managing Director News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49273/blackstone-hires-managing-director BXG has already made significant investments in fast-growing European companies People Moves Q Wealth unveils new COO News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49227/q-wealth-unveils-new-coo C-suite hire announced, along with three new additions to senior management team People Moves State Street Appoints A Newly Created Leadership Role News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49228/state-street-appoints-a-newly-created-leadership-role Her role as COO, Renee held roles as CFO of Wealth Management, and as a director at BNY’s custody arm, Pershing. People Moves Ridge Barker comments on the SEC's latest guidance on special purpose acquisition companies News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49258/ridge-barker-comments-on-the-secamp039s-latest-guidance-on-special-purpose-acquisition-companies Ridge adds that a slowdown in SPAC activity could last two months given the agency’s latest accounting advice. Legal, Regulation & Compliance Financial Sector Reform Program Curaçao and Sint Maarten News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49263/financial-sector-reform-program-curaampccedilao-and-sint-maarten The analysis has also revealed the need for legislative and regulatory reforms in the areas of intervention, enforcement, and resolution. Legal, Regulation & Compliance Carey Olsen supports Kavak on latest funding round as it hits US$4 billion valuation News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49238/carey-olsen-supports-kavak-on-latest-funding-round-as-it-hits-us4-billion-valuation Working alongside onshore counsel Gunderson Dettmer, the Carey Olsen team advising Kavak on the Cayman law aspects of its latest financing round was led by corporate partner Alistair Russell, assisted by associate Emily Cornhill. Legal, Regulation & Compliance US Corporate Transparency Act News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49244/us-corporate-transparency-act The CTA does not specify how trusts and partnerships are to be treated. Legal, Regulation & Compliance Front Page Story and Back Page Correction: IRS Clarifies Its Public Cryptocurrency Position in Internal Guidance News Team Tuesday, April 13, 2021 1:00 am http://ambankers.net/article/49222/front-page-story-and-back-page-correction-irs-clarifies-its-public-cryptocurrency-position-in-internal-guidance Hard forks could be treated as sales or exchanges, but it’s unlikely that the new blockchain would differ materially in kind and extent so as to be treated as a taxable sale or exchange. Legal, Regulation & Compliance New Tax Transparency Rules for Digital Platforms introduced by DAC 7 News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49197/new-tax-transparency-rules-for-digital-platforms-introduced-by-dac-7 The overall aim of this Directive is to improve administrative cooperation in the field of taxation and address the challenges posed by the digital platform economy. Legal, Regulation & Compliance Cryptocurrency users beware: IRS targets unknown taxpayers via John Doe summons News Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49208/cryptocurrency-users-beware-irs-targets-unknown-taxpayers-via-john-doe-summons The summons require the crypto exchanger to produce records identifying all such taxpayers falling above this US$20,000 threshold, along with any documentation related to their cryptocurrency transactions. Legal, Regulation & Compliance U.S. Senate Banking Committee Probes Family Office Businesses News Aggregation Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49176/us-senate-banking-committee-probes-family-office-businesses The letter was sent not only to those that suffered damages with Goldman Sachs and Morgan Stanley also receiving the inquiry. Legal, Regulation & Compliance Canaccord Genuity Group Inc. Announces Completion of Redemption of 6.25% Convertible Debentures News Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49179/canaccord-genuity-group-inc-announces-completion-of-redemption-of-625-convertible-debentures With the redemption of the convertible debentures, the weighted average number of common shares used for purposes of calculating diluted earnings per share will no longer include the dilutive effect of the convertible debentures and, as such, the fully di Legal, Regulation & Compliance Box announces strategic partnership with KKR, Including $500 million KKR-led investment News Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49181/box-announces-strategic-partnership-with-kkr-including-500-million-kkr-led-investment The investment from KKR is a strong vote of confidence in our vision, strategy, and continued efforts to increase growth and profitability,” Legal, Regulation & Compliance Marstone and Detalus Advisors Partner to Bring Digital Wealth Management to Customers Representing Over $1.6 Billion in Assets under Management and Advisement News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49271/marstone-and-detalus-advisors-partner-to-bring-digital-wealth-management-to-customers-representing-over-16-billion-in-assets-under-management-and-advisement To attract and retain digitally-native consumers, Detalus taps Marstone to ensure financial wellness can be easily accessed and managed from a single platform FinTech SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49235/ssampampc-globeop-hedge-fund-performance-index-and-capital-movement-index "This strong result suggests the positive trends in hedge fund asset growth and retention since the COVID-19 outbreak is still intact." FinTech Maverix Private Equity Chooses SS&C for Inaugural Fund Launch News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49241/maverix-private-equity-chooses-ssampampc-for-inaugural-fund-launch Canada’s leading growth equity firm will leverage SS&C GlobeOp for $500M Maverix Growth Equity Fund FinTech KKR to Acquire Ensono News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49243/kkr-to-acquire-ensono Exciting chapter begins for Ensono with a new investor to drive continued growth FinTech AI giant to accelerate UK growth with $475m financing News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49200/ai-giant-to-accelerate-uk-growth-with-475m-financing Founder and CEO Ted Bailey told BusinessCloud that the money – which values Dataminr at more than $4 billion – will be used in part to “significantly broaden our international footprint”. FinTech FinTech Innovation Lab New York names 2021 accelerator class News Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49165/fintech-innovation-lab-new-york-names-2021-accelerator-class This year’s participants, selected from more than 200 applications across the globe, are helping financial institutions address key societal challenges, FinTech CEPRES Voted Best Data Management Solutions Provider for the Third Year in a Row! News Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49170/cepres-voted-best-data-management-solutions-provider-for-the-third-year-in-a-row The annual Private Equity Wire Awards recognize excellence among private equity managers and service providers around the world. FinTech Broadridge Fi360 Solutions Annual Conference to Explore State of ESG Investing, Fiduciary and Financial Wellness News Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49139/broadridge-fi360-solutions-annual-conference-to-explore-state-of-esg-investing-fiduciary-and-financial-wellness 2021 agenda features thought-provoking discussions from industry leaders, learning sessions and workshops FinTech Funding M&A Deals with Bitcoin News Aggregation Team Monday, April 05, 2021 1:00 am http://ambankers.net/article/49114/funding-mampampa-deals-with-bitcoin This price fluctuation could seriously jeopardize the ultimate value of large, high-profile M&A deals, which could be worth $500 million one day and $250 million the next. FinTech NICE Actimize Achieves FinTech Breakthrough Award for Innovation in Wealth Management Surveillance and Compliance News Team Monday, April 05, 2021 1:00 am http://ambankers.net/article/49125/nice-actimize-achieves-fintech-breakthrough-award-for-innovation-in-wealth-management-surveillance-and-compliance The SURVEIL-X AI-driven cloud solution automates global compliance processes, leveraging NICE Actimize's communications surveillance, as well as sales practices and suitability capabilities FinTech BNY Mellon Selected by Charles Schwab Investment Management to Provide Transfer Agency Services News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49256/bny-mellon-selected-by-charles-schwab-investment-management-to-provide-transfer-agency-services BNY Mellon is able to tap-into its vast industry expertise and a global footprint that services both asset managers and their intermediaries. Alternative Investments DPG Investments to Close $1 Billion+ in Private Capital News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49262/dpg-investments-to-close-1-billion-in-private-capital The DPG senior management team has been through multiple cycles and understands the importance of maintaining a long-term view. Alternative Investments Truist Reports First Quarter 2021 Results News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49268/truist-reports-first-quarter-2021-results Earnings of $1.3 billion, or $0.98 per diluted share Alternative Investments Scotiabank targets $10 Billion commitment in support of affordable housing in Canada News Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49206/scotiabank-targets-10-billion-commitment-in-support-of-affordable-housing-in-canada As Canada's authority on housing, CMHC is delivering the National Housing Strategy – a $70+ billion, 10-year federal investment in housing with additional funding committed by the provinces and territories. Alternative Investments Nexus Strategy Celebrates 15 Years Serving the Independent Wealth Management Industry News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49207/nexus-strategy-celebrates-15-years-serving-the-independent-wealth-management-industry Leading wealth management consulting firm founded by industry veteran, Timothy D. Welsh, continues growth trajectory and dedication to working with organizations supporting independent financial advisor success Alternative Investments Apollo Announces Extension of the Tender Offer for Shares of The Michaels Companies News Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49182/apollo-announces-extension-of-the-tender-offer-for-shares-of-the-michaels-companies The Purchaser expects the tender offer will be consummated promptly following the expiration of the offering period Alternative Investments Zurich seals $3.94bn deal to buy MetLife's US property and casualty arm News Aggregation Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49168/zurich-seals-394bn-deal-to-buy-metlifeamp039s-us-property-and-casualty-arm "We expect the new business to contribute to growth beginning this quarter and start building on the leading positions that Zurich and the Farmers Exchanges have separately developed in the attractive US market." Alternative Investments Stone Asset Management expands presence on NEO Exchange News Aggregation Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49169/stone-asset-management-expands-presence-on-neo-exchange Firm unveils two additional investment fund offerings for IIROC and MFDA communities Alternative Investments Canada M&A sets record for quarter on cross-border deals, easy money News Team Wednesday, April 07, 2021 1:00 am http://ambankers.net/article/49159/canada-mampampa-sets-record-for-quarter-on-cross-border-deals-easy-money Companies raised C$19 billion ($15.2 billion) through share sales in the first three months of the year, the highest since the fourth quarter of 2010. Alternative Investments Bank of America Firing on All Cylinders Ahead of Earnings News Aggregation Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49119/bank-of-america-firing-on-all-cylinders-ahead-of-earnings The banking giant is well-positioned for additional gains following next week’s Q1 2021 earnings release. Alternative Investments FICC Sponsored Cleared Repo Now Available via BNY Mellon's LiquidityDirect News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49274/ficc-sponsored-cleared-repo-now-available-via-bny-mellonamp039s-liquiditydirect LiquidityDirect is that access point, and we are committed to connecting the dots for clients," Maganas concludes. Investment Banking JPMorgan profits on capital markets in a cash-flush economy News Aggregation Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49240/jpmorgan-profits-on-capital-markets-in-a-cash-flush-economy Similarly, businesses got help from government programs and raised a significant amount of financing, Dimon said. Investment Banking Wells Fargo Q1 Earnings Beat on Fee Income Growth News Aggregation Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49246/wells-fargo-q1-earnings-beat-on-fee-income-growth Results included the impact of $1.6 billion decline in allowance for credit losses, backed by an improving economic environment and lower net charge-offs Investment Banking Americans unleashing pent-up savings could drive up inflation and rattle parts of the market, JPMorgan's chief strategist says News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49202/americans-unleashing-pent-up-savings-could-drive-up-inflation-and-rattle-parts-of-the-market-jpmorganamp039s-chief-strategist-says Pent-up savings worth around 8% of US GDP are set to be unleashed, Karen Ward said. Investment Banking World’s Best Investment Banks 2021: M&A News Aggregation Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49129/worldamprsquos-best-investment-banks-2021-mampampa Last spring’s seize-up in the global M&A market eased as companies rethought their business plans and sought a leaner profile. Investment Banking World’s Best Investment Banks 2021: Global Winners News Aggregation Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49134/worldamprsquos-best-investment-banks-2021-global-winners Despite Covid-19, 2020 was a banner year for investment banking, with IPOs and bond issues standing out. Investment Banking Bank of America Acquires Axia Technologies, Inc. News Team Monday, April 05, 2021 1:00 am http://ambankers.net/article/49122/bank-of-america-acquires-axia-technologies-inc Acquisition Enhances the Bank’s Ability to Serve Healthcare Clients with a Comprehensive Range of Payment Solutions Investment Banking BMO recognized by Environmental Finance's 2021 Bond Aw News Team Thursday, April 01, 2021 1:00 am http://ambankers.net/article/49106/bmo-recognized-by-environmental-financeamp039s-2021-bond-aw The City of Toronto Social Bond, issued under Toronto's Social Debenture Framework, is part of a program to promote positive socioeconomic outcomes, from affordable housing and access to essential infrastructure and services, to socioeconomic advance Investment Banking Morgan Stanley Investment Management Announces Portfolio Management Change for Morgan Stanley China A Share Fund, Inc. News Team Tuesday, March 30, 2021 1:00 am http://ambankers.net/article/49074/morgan-stanley-investment-management-announces-portfolio-management-change-for-morgan-stanley-china-a-share-fund-inc The current member of the team responsible for the day-to-day management of the Fund’s portfolio is Gary Cheung, a Managing Director of Morgan Stanley Asia Limited. Investment Banking Goldman Sachs dustup hits nerve as pandemic blurs work-life line News Aggregation Team Sunday, March 28, 2021 12:00 am http://ambankers.net/article/49052/goldman-sachs-dustup-hits-nerve-as-pandemic-blurs-work-life-line In the wake of the dustup, Goldman Sachs Chief Executive David Solomon has urged staff to respect a firm-wide policy of not working on Saturdays, and praised the young staffers for speaking up. Investment Banking With Disruption Everywhere, Here’s What Advisory Firms Should Prioritize News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49254/with-disruption-everywhere-hereamprsquos-what-advisory-firms-should-prioritize Some considerations to maintain resiliency are through diversity, redundancy, and flexibility. Comment, Analysis & Research Bernie Madoff dies in prison News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49255/bernie-madoff-dies-in-prison The US Securities and Exchange Commission had conducted five major investigations into Madoff, dating back to 1992, but had failed to find evidence of his fraud for over a decade. Comment, Analysis & Research Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49265/bank-of-america-tops-estimates-on-wall-street-trading-and-banking-release-of-loan-loss-reserves The bank posted first-quarter profit of $8.1 billion, or 86 cents a share, exceeding the 66 cents a share expected by analysts surveyed by Refinitiv. Comment, Analysis & Research Millennials Make Their Mark, Highlighting a Big Shift in the Investing Landscape According to New Broadridge Study News Team Wednesday, April 14, 2021 1:00 am http://ambankers.net/article/49234/millennials-make-their-mark-highlighting-a-big-shift-in-the-investing-landscape-according-to-new-broadridge-study Widest data study ever of the retail investment marketplace delivers unprecedented evidence-based insights into investors' purchase of U.S. equities, mutual funds and ETFs Comment, Analysis & Research 7% growth in global reinsurance capital, with signs of underlying combined ratio improvement: Willis Re News Team Tuesday, April 13, 2021 1:00 am http://ambankers.net/article/49217/7-growth-in-global-reinsurance-capital-with-signs-of-underlying-combined-ratio-improvement-willis-re Willis Re’s Reinsurance Market Report tracks the capital and profitability of the global reinsurance industry. Comment, Analysis & Research Time for Value as Growth and Inflation Arrives News Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49194/time-for-value-as-growth-and-inflation-arrives The other key data point of the week is the US inflation data. Comment, Analysis & Research Being An Investment Banker: Is It As Scary As It Sounds? News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49196/being-an-investment-banker-is-it-as-scary-as-it-sounds The main reason for the difficulty in understanding investment banking is people generally start with the question 'How to become an investment banker?' Comment, Analysis & Research Stocks slip off record highs ahead of earnings, U.S. data News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49203/stocks-slip-off-record-highs-ahead-of-earnings-us-data Total market capitalization of global equities hit $90 trillion dollars last week, according to Refinitiv data. Comment, Analysis & Research Nothing new under the sun News Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49116/nothing-new-under-the-sun Old City hands will tell you that there are only two ways to look at financial markets. Comment, Analysis & Research Bonds Hold Their Breath News Team Tuesday, April 06, 2021 1:00 am http://ambankers.net/article/49117/bonds-hold-their-breath To add to the growth positive mix, details of President Biden's $2.25 trillion infrastructure spending package are starting to circulate. Comment, Analysis & Research Entry into force of double taxation agreements with Brazil and Saudi Arabia News Aggregation Team Tuesday, April 13, 2021 1:00 am http://ambankers.net/article/49209/entry-into-force-of-double-taxation-agreements-with-brazil-and-saudi-arabia The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021. Tax New York, Finally, Taxes the Rich News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49193/new-york-finally-taxes-the-rich A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion. Tax Just 500 households in New York City will pay the highest rate in Cuomo’s millionaire-tax hike and suicide deaths fell during the 2020 pandemic — but why? News Aggregation Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49188/just-500-households-in-new-york-city-will-pay-the-highest-rate-in-cuomoamprsquos-millionaire-tax-hike-and-suicide-deaths-fell-during-the-2020-pandemic-ampmdash-but-why The proposed tax on residents making $1 million a year or more will hit nearly 123,000 New Yorkers across the state. Tax World Bank warns against 'high' global tax minimum News Aggregation Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49163/world-bank-warns-against-amp039highamp039-global-tax-minimum To US lawmakers, Ms Yellen has made the case that establishing a global minimum tax would allow the US to remain competitive, despite that increase. Tax US gift and estate tax legislative proposals News Aggregation Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49171/us-gift-and-estate-tax-legislative-proposals The proposals would change the gift and estate tax exemption amounts and rates and meaningfully impact trust planning. Tax CRA has found 35 cases of tax dodging in the Panama Papers leak, 5 years later News Aggregation Team Monday, April 05, 2021 1:00 am http://ambankers.net/article/49120/cra-has-found-35-cases-of-tax-dodging-in-the-panama-papers-leak-5-years-later Agency said it has unearthed $21M in unpaid taxes filed Tax The richest 1 percent dodge taxes on more than one-fifth of their income, U.S. study shows News Aggregation Team Monday, March 29, 2021 1:00 am http://ambankers.net/article/49055/the-richest-1-percent-dodge-taxes-on-more-than-one-fifth-of-their-income-us-study-shows The researchers say that years of IRS funding cuts, combined with the increased sophistication of tax evasion tactics available to the rich, have made shirking tax obligations easier than ever. Tax Canada’s tax treaty MAP inventory increased in 2019, new report shows News Aggregation Team Tuesday, March 23, 2021 12:00 am http://ambankers.net/article/48992/canadaamprsquos-tax-treaty-map-inventory-increased-in-2019-new-report-shows The MAP program began 2019 with 147 MAP cases. During the year, 75 new cases were opened, and 60 were closed. Tax IRS chief says increase in enforcement budget would boost tax collection News Aggregation Team Monday, March 22, 2021 12:00 am http://ambankers.net/article/48962/irs-chief-says-increase-in-enforcement-budget-would-boost-tax-collection The agency has lost about 15,000 enforcement staff over the past decade as its budgets were cut. Tax Advisors Urge Harvesting Gains, Realizing Losses Before Taxes Rise News Aggregation Team Thursday, March 18, 2021 12:00 am http://ambankers.net/article/48952/advisors-urge-harvesting-gains-realizing-losses-before-taxes-rise Other proposed tax changes would affect carried interest and estate tax planning. Tax US Challenger Banks Have Enjoyed a Spike in Customers During Covid but How Far Can They Go? News Aggregation Team Monday, April 12, 2021 1:00 am http://ambankers.net/article/49201/us-challenger-banks-have-enjoyed-a-spike-in-customers-during-covid-but-how-far-can-they-go Covid-19 has proved a fertile period for US challenger banks, which are beginning to gather momentum, as they have in Europe, after initially struggling to win the hearts and minds of Americans. Retail Banking Columbia Bank taps Corserv for business credit card programme News Team Thursday, April 01, 2021 1:00 am http://ambankers.net/article/49108/columbia-bank-taps-corserv-for-business-credit-card-programme After learning of Corserv’s program from an existing Corserv client, Columbia Bank selected and implemented Corserv’s card program Retail Banking TD Releases 2020 Environmental, Social and Governance Report and TD Ready Commitment Report News Team Friday, March 05, 2021 12:00 am http://ambankers.net/article/48822/td-releases-2020-environmental-social-and-governance-report-and-td-ready-commitment-report Reports describe how the Bank accelerated its efforts and broadened its positive impact in a year of significant change and disruption Retail Banking CIBC Tops Estimates as Domestic Banking Helped by Lower Reserves News Aggregation Team Thursday, February 25, 2021 12:00 am http://ambankers.net/article/48718/cibc-tops-estimates-as-domestic-banking-helped-by-lower-reserves Because of its heavy domestic focus, CIBC’s residential-mortgage business has been a particular focus for investors. Retail Banking FirstBank & Trust parent company recognized among America’s Best Banks 2021 by Forbes News Team Monday, February 15, 2021 12:00 am http://ambankers.net/article/48590/firstbank-ampamp-trust-parent-company-recognized-among-americaamprsquos-best-banks-2021-by-forbes “We are proud to be named among the Best Banks in America for 2021,” said Greg Garland, President at FirstBank & Trust. Retail Banking Blackline Safety Recurring Revenue Business Model Enables New $15M Financing Facility From National Bank of Canada News Team Wednesday, February 10, 2021 12:00 am http://ambankers.net/article/48544/blackline-safety-recurring-revenue-business-model-enables-new-15m-financing-facility-from-national-bank-of-canada This recurring revenue-based financing facility will provide Blackline with an even more flexible working capital strategy, ensuring that we are more prepared to scale our business and deploy connected safety and worker technologies to enterprises around Retail Banking 10 UAE Banks feature in ranking of world's top 500 most valuable News Team Monday, February 01, 2021 12:00 am http://ambankers.net/article/48440/10-uae-banks-feature-in-ranking-of-worldamp039s-top-500-most-valuable Brand value of world's largest banks contracts for second year running Retail Banking PNC Bank Announces Definitive Agreement To Acquire Tempus Technologies, Inc. News Team Wednesday, January 27, 2021 12:00 am http://ambankers.net/article/48397/pnc-bank-announces-definitive-agreement-to-acquire-tempus-technologies-inc The company will continue to manage its portfolio of channel partners and clients. Retail Banking American Express Reports Fourth-Quarter Revenue of $9.4 Billion and Earnings Per Share Of $1.76 News Team Tuesday, January 26, 2021 12:00 am http://ambankers.net/article/48378/american-express-reports-fourth-quarter-revenue-of-94-billion-and-earnings-per-share-of-176 Our progress in managing through the pandemic over the last year confirms the strength of our differentiated business model Retail Banking AFTAs 2020: Best Infrastructure Initiative—Bank of America News Aggregation Team Monday, January 25, 2021 12:00 am http://ambankers.net/article/48356/aftas-2020-best-infrastructure-initiativeampmdashbank-of-america The WAN is based on 100 gigabit-per-second private Ethernet lines, and uses the latest carrier-grade, programmable routers and automation software that enable traffic segmentation and end-to-end encryption. Retail Banking Heidrick & Struggles Announces Launch of Inaugural 2020 ESG Report News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49257/heidrick-ampamp-struggles-announces-launch-of-inaugural-2020-esg-report As part of the collaboration with Indigo Ag, Heidrick & Struggles will work to produce fundamental change in the industry and raise the profile of environmental sustainability and consumer health with both employees and clients. ESG Willis Towers Watson commits its delegated investment portfolios to net zero News Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49260/willis-towers-watson-commits-its-delegated-investment-portfolios-to-net-zero Measurement of our progress and that of the whole investment industry towards stewarding the transition to a net zero and climate-resilient economy is an important issue. ESG State Street unveils ESG cash reinvestment strategy News Aggregation Team Thursday, April 15, 2021 1:00 am http://ambankers.net/article/49269/state-street-unveils-esg-cash-reinvestment-strategy Firm sees growing client appetite for securities lending products anchored in sustainability principles ESG Franklin Templeton Launches Corporate Social Responsibility Report News Team Tuesday, April 13, 2021 1:00 am http://ambankers.net/article/49218/franklin-templeton-launches-corporate-social-responsibility-report The events of the past year, including the global pandemic and ongoing racial and social injustices ESG Bank of America raises environmental initiative target three-fold to $1 trillion News Team Friday, April 09, 2021 1:00 am http://ambankers.net/article/49178/bank-of-america-raises-environmental-initiative-target-three-fold-to-1-trillion Beyond the $1 trillion climate-related finance, the balance of the sustainable finance goal is focused on social inclusive development, scaling capital to advance community development, affordable housing, healthcare, and education, in addition to racial ESG Sustainable Investing Perspectives News Team Thursday, April 08, 2021 1:00 am http://ambankers.net/article/49173/sustainable-investing-perspectives Our latest issue of UBS Sustainable Investing Perspectives discusses the SEC and climate change, EU Sustainable Finance Disclosure, and the 2021 proxy season. ESG TD Asset Management Inc. joins International Corporate Governance Network as part of ongoing commitment to responsible investing News Team Wednesday, April 07, 2021 1:00 am http://ambankers.net/article/49148/td-asset-management-inc-joins-international-corporate-governance-network-as-part-of-ongoing-commitment-to-responsible-investing ICGN is delighted to welcome TDAM to our global membership ESG Climate Investment Standard Introduced To U.S. ESG Investors News Aggregation Team Thursday, April 01, 2021 1:00 am http://ambankers.net/article/49111/climate-investment-standard-introduced-to-us-esg-investors The standard, moving forward, may also create a foundation for ESG and climate-aware indexing methodologies. ESG Climate Chaos: NGOs Name Top Banks Who Put $3.8 Trillion Into Fossil Fuels News Aggregation Team Thursday, March 25, 2021 12:00 am http://ambankers.net/article/49027/climate-chaos-ngos-name-top-banks-who-put-38-trillion-into-fossil-fuels In Europe, British bank Barclays was the biggest fossil fuel backer ESG Global framework for investors to achieve net zero emissions alignment launched – $8 trillion investors put it into practice News Team Friday, March 12, 2021 12:00 am http://ambankers.net/article/48886/global-framework-for-investors-to-achieve-net-zero-emissions-alignment-launched-ampndash-8-trillion-investors-put-it-into-practice It will be rolled out globally as the basis for investors worldwide to implement their net zero strategies. ESG Pandemic accelerates Bank of Canada's CBDC work News Aggregation Team Thursday, February 11, 2021 12:00 am http://ambankers.net/article/48551/pandemic-accelerates-bank-of-canadaamp039s-cbdc-work The Bank of Canada has accelerated work on a central bank digital currency (CBDC) in response to Covid-19 and its impact on cash usage, says a senior official who nevertheless cautions that a digital loonie is still not a "forgone conclusion". Covid-19 Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://ambankers.net/article/48374/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Pandemic triggers surge in business start-ups across major economies News Aggregation Team Wednesday, December 30, 2020 12:00 am http://ambankers.net/article/48065/pandemic-triggers-surge-in-business-start-ups-across-major-economies US, UK, France, Germany and Japan register sharp rises in new company registrations Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Wednesday, December 30, 2020 12:00 am http://ambankers.net/article/48068/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 New Covid relief bill boosts tax breaks for charitable giving in 2021 News Aggregation Team Sunday, December 27, 2020 12:00 am http://ambankers.net/article/48031/new-covid-relief-bill-boosts-tax-breaks-for-charitable-giving-in-2021 The CARES Act, which was passed in the spring, established an above-the-line deduction, allowing a write-off of up to $300 in cash donations to charity this year. Covid-19 Deutsche Bank sees Wall St trading surge after vaccine news News Aggregation Team Thursday, November 12, 2020 12:00 am http://ambankers.net/article/47596/deutsche-bank-sees-wall-st-trading-surge-after-vaccine-news Revenue from fixed income trading – a traditional strength of the firm – jumped 47% last quarter, beating all but one of the large Wall Street peers. Covid-19 The Digital Nomads Did Not Prepare for This News Aggregation Team Monday, November 09, 2020 12:00 am http://ambankers.net/article/47557/the-digital-nomads-did-not-prepare-for-this They moved to exotic locales to work through the pandemic in style. But now tax trouble, breakups and Covid guilt are setting in. Covid-19 The Dynamic Duo: Cyber-security and Due Diligence during the COVID-19 Pandemic News Team Sunday, November 08, 2020 12:00 am http://ambankers.net/article/47549/the-dynamic-duo-cyber-security-and-due-diligence-during-the-covid-19-pandemic Of particular importance is how information is communicated during the life of a transaction. Covid-19 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