Managers of Wealth - Americas http://ambankers.net/ Fri, 28 Jan 2022 17:15:46 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP New Wealth Manager Compound Comes Out of Stealth Mode With $37M in Funding News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52802/new-wealth-manager-compound-comes-out-of-stealth-mode-with-37m-in-funding Bolstered by VC funding, Compound mixes human advice with a technology approach. Wealth and Asset Management IG Wealth Management Wins Five Awards News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52782/ig-wealth-management-wins-five-awards These awards are a great validation of their ongoing efforts to provide clients with innovative investment solutions that deliver performance and help build financial well-being. Wealth and Asset Management Tristate Capital Reports EPS of $1.71 for Full Year News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52784/tristate-capital-reports-eps-of-171-for-full-year The company continued to expand the client base utilizing its asset management, private banking, commercial banking, and treasury and liquidity management capabilities, while all of its businesses enter 2022 with strong new business pipelines Wealth and Asset Management Robertson Stephens Doubles Assets, Continues National Expansion News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52767/robertson-stephens-doubles-assets-continues-national-expansion The firm's expansion in areas of expertise and regions shows the value of a client-first mindset, comprehensive wealth planning, institutional quality investments and award-winning technology Wealth and Asset Management Envestnet Takes Stake In Sallie Krawcheck's Ellevest News Aggregation Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52745/envestnet-takes-stake-in-sallie-krawcheckamp039s-ellevest Envestnet's investment in Ellevest comes as the automated advice platform surpasses $1 billion in AUM. Wealth and Asset Management NFP’s Lenox Wealth Advisors to Integrate with Wealthspire Advisors News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52746/nfpamprsquos-lenox-wealth-advisors-to-integrate-with-wealthspire-advisors LWA adds $2 billion in assets, expands Wealthspire’s Northeast, West Coast, and Midwest market share Wealth and Asset Management Centura Wealth Advisory expands to Mid-West News Team Monday, January 24, 2022 12:00 am http://ambankers.net/article/52735/centura-wealth-advisory-expands-to-mid-west The San Diego headquartered wealth management firm welcomes Seth Meisler, CFA, CPA/PFS, CFP® in Minneapolis, Minnesota Wealth and Asset Management RBC Wealth Draws $327M Practice from JPMorgan News Aggregation Team Monday, January 24, 2022 12:00 am http://ambankers.net/article/52737/rbc-wealth-draws-327m-practice-from-jpmorgan Knutson says the team was drawn by RBC Wealth’s ability to offer personalized tools to help serve clients. Wealth and Asset Management NFP’s Lenox Wealth Advisors to Integrate with Wealthspire Advisors News Team Monday, January 24, 2022 12:00 am http://ambankers.net/article/52740/nfpamprsquos-lenox-wealth-advisors-to-integrate-with-wealthspire-advisors LWA adds $2 billion in assets, expands Wealthspire’s Northeast, West Coast, and Midwest market share Wealth and Asset Management Wealth Management Firm Announces Seven New Shareholders News Team Friday, January 21, 2022 12:00 am http://ambankers.net/article/52711/wealth-management-firm-announces-seven-new-shareholders Crestone's 14 shareholders continue to strengthen our culture and deepen our relationships with our clients by bringing our core values of cultivated relationships, transparent alignment, a drive to think, solve, act and the mindset to own it. Wealth and Asset Management Morgan Stanley Elevates Hogan, Perez-Hernandez in Tech Group News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52805/morgan-stanley-elevates-hogan-perez-hernandez-in-tech-group Drew Guevara, a previous co-head of global tech banking, will also become a vice chairman of investment banking. Read more at: https://www.bloombergquint.com/business/morgan-stanley-elevates-hogan-perez-hernandez-in-tech-group Copyright © Bloomberg People Moves Winthrop Rockefeller Foundation adds two to board News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52812/winthrop-rockefeller-foundation-adds-two-to-board The WRF Board also reappointed two board members for second terms and elected officers for 2022. People Moves Julius Baer restructures LatAm unit, Mexico head exits News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52813/julius-baer-restructures-latam-unit-mexico-head-exits The move reflects Cuomo’s growing stature as a leading figure for Julius Baer’s Latin America business. People Moves Regions Bank appoints Community Development Manager News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52788/regions-bank-appoints-community-development-manager 28-year financial services veteran to oversee Community Reinvestment Act activities. People Moves Wells Fargo Names Winniford CFO of Corporate, Investment Banking News Aggregation Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52796/wells-fargo-names-winniford-cfo-of-corporate-investment-banking The move comes as Wells Fargo CEO Charlie Scharf pushes for a bigger presence on Wall Street People Moves McCleary named CEO of American Federal Bank News Aggregation Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52797/mccleary-named-ceo-of-american-federal-bank American Federal is a Top 100 Ag Lender in the United States. People Moves KKR Names Global Head of Private Wealth News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52771/kkr-names-global-head-of-private-wealth Augments commitment to expanding access to KKR’s investment strategies for individual investors People Moves TD to hire over 2,000 technology roles in 2022 to power the Bank's future-focused strategy News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52774/td-to-hire-over-2000-technology-roles-in-2022-to-power-the-bankamp039s-future-focused-strategy Roles in Dev Ops, Agile, and Microservices among the in-demand positions fueling the Bank's accelerated Tech Talent Strategy People Moves M&T Bank/Wilmington Trust Leader Announces Retirement News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52781/mampampt-bankwilmington-trust-leader-announces-retirement Farrell will be succeeded by Jennifer Warren People Moves Adrienne A. Harris named superintendent of the New York State Department of Financial Services News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52785/adrienne-a-harris-named-superintendent-of-the-new-york-state-department-of-financial-services "I am honored to serve as the Superintendent of the Department of Financial Services. " People Moves UK Home Purchases for US Individuals News Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52803/uk-home-purchases-for-us-individuals The examples below highlight why US persons should always take US tax advice before buying property in the UK. Legal, Regulation & Compliance Ex-Merrill FA Barred Over Alleged Misuse of Client Funds News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52811/ex-merrill-fa-barred-over-alleged-misuse-of-client-funds Finra alleges that in May 2020, Nicholas “induced” the customers in question to enter into a promissory note with an entity where he was the sole owner Legal, Regulation & Compliance Former UBS investment adviser charged with stealing $5.8m from client News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52770/former-ubs-investment-adviser-charged-with-stealing-58m-from-client The SEC’s complaint, filed in the U.S. District Court for the Southern District of Florida, charges Nino with violations of the antifraud provisions of the federal securities laws Legal, Regulation & Compliance US Corporate Transparency Act proposed regulations published News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52776/us-corporate-transparency-act-proposed-regulations-published A reporting company must file a corrected report within 14 calendar days of such reporting company becoming aware or having reason to know of the inaccuracy. Legal, Regulation & Compliance Banks back plan to share SARs with foreign units. For now. News Aggregation Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52758/banks-back-plan-to-share-sars-with-foreign-units-for-now Under current law, such units are treated the same as foreign banks and are ineligible for sharing. Legal, Regulation & Compliance US regulators must provide more clarity on crypto rules, says BNY Mellon CFO News Aggregation Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52679/us-regulators-must-provide-more-clarity-on-crypto-rules-says-bny-mellon-cfo Portney's comments highlight growing frustration among banking industry executives as U.S. President Joe Biden's regulators have taken a cautious approach to digital assets. Legal, Regulation & Compliance Central Banks, Not Covid, Will Drive Global Economies in 2022 News Aggregation Team Thursday, January 13, 2022 12:00 am http://ambankers.net/article/52605/central-banks-not-covid-will-drive-global-economies-in-2022 From 2023 onward, most agree, growth will return to its long-term norm of around 3.5%, as if Covid never happened. Legal, Regulation & Compliance Theorem Fund Services selects Mourant News Team Thursday, January 13, 2022 12:00 am http://ambankers.net/article/52606/theorem-fund-services-selects-mourant Theorem Fund Services, LLC announces its hedge fund clients will now have access to a full suite of Cayman services via a first-of-its-kind strategic collaboration with Mourant and its affiliate, Mourant Governance Services. Legal, Regulation & Compliance Harneys advises on US$130 million secured term loan financing for Adium Ltd News Team Thursday, January 13, 2022 12:00 am http://ambankers.net/article/52608/harneys-advises-on-us130-million-secured-term-loan-financing-for-adium-ltd The Harneys team was led by Partner Josh Mangeot, with support from Associate Ed Lacey. Mitrani, Caballero & Ruiz Moreno acted as instructing law firm. Legal, Regulation & Compliance Top North American banks form consortium to address climate risks News Team Thursday, January 13, 2022 12:00 am http://ambankers.net/article/52612/top-north-american-banks-form-consortium-to-address-climate-risks The Consortium will advance practices for member banks and the broader industry by assessing current efforts and developing consistent taxonomy, frameworks, and standards for climate risk management. Legal, Regulation & Compliance SEI Investments plots next moves for financial advisors News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52806/sei-investments-plots-next-moves-for-financial-advisors The company’s portal for wealth managers, SEI Wealth Platform, lies at the core of its technology-intensive business of outsourced money management. FinTech Crypto tax firm CoinTracker raises $100 million for expansion News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52807/crypto-tax-firm-cointracker-raises-100-million-for-expansion All five institutional investors confirmed their participation in emails to Reuters. FinTech SS&C Launches New Treasury Management Platform News Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52814/ssampampc-launches-new-treasury-management-platform Emso Asset Management leverages SS&C’s Treasury Management Platform to automate treasury functions FinTech SEI Reports Fourth-Quarter 2021 Financial Results News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52790/sei-reports-fourth-quarter-2021-financial-results SEI Investments Company today announced financial results for the fourth-quarter 2021 FinTech What You See Is Only Half Of What You Get With Digital Banking News Aggregation Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52793/what-you-see-is-only-half-of-what-you-get-with-digital-banking Such user tools are now required to stay competitive. But it’s only half the answer. FinTech CIBC wins Business Intelligence Group award for third consecutive year News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52799/cibc-wins-business-intelligence-group-award-for-third-consecutive-year The Challenge was centered on three themes: experience, convenience, and sustainability. FinTech KKR lead Series C Round in Philippine B2B Platform Growsari with US$45 million investment News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52764/kkr-lead-series-c-round-in-philippine-b2b-platform-growsari-with-us45-million-investment Transaction marks KKR’s latest technology investment in the merchant enablement space Latest round to support GrowSari’s expansion and strengthen its financial services capabilities FinTech Data platform modernization delivering richer insights and powering dynamic digital experiences for TD customers News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52773/data-platform-modernization-delivering-richer-insights-and-powering-dynamic-digital-experiences-for-td-customers TD accelerates move to Microsoft Azure suite of data services and enters new commitment with Databricks to unlock data at scale FinTech Akoya signs Huntington National Bank, M&T Bank, and Truist News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52747/akoya-signs-huntington-national-bank-mampampt-bank-and-truist “Akoya has been a positive force for Open Finance in the United States by increasing the pace in which the data aggregation industry has transitioned to API-based consumer data access from credential-based access and screen scraping,” FinTech Bank of America says stablecoin adoption and CBDC is ‘inevitable’ News Aggregation Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52754/bank-of-america-says-stablecoin-adoption-and-cbdc-is-amplsquoinevitableamprsquo A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Fed, not a commercial bank. FinTech Lincoln Financial Network’s New Partnership Launches to Support Financial Professionals of Color and Broaden Access to Financial Advice News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52808/lincoln-financial-networkamprsquos-new-partnership-launches-to-support-financial-professionals-of-color-and-broaden-access-to-financial-advice Lincoln Financial Network’s African American Financial Professionals Network Partners with CHIP Professionals, a Leading Digital Platform, to Match Consumers with Financial Professionals Alternative Investments In a Difficult Investing Year, Bank of America Has the Wind at Its Back News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52810/in-a-difficult-investing-year-bank-of-america-has-the-wind-at-its-back It's probably no coincidence that BAC is Berkshire Hathaway's second-largest position behind Apple. Alternative Investments BlackRock’s active strategies threaten to steal the show News Aggregation Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52791/blackrockamprsquos-active-strategies-threaten-to-steal-the-show Passive funds still dominate but efforts to revive its actively managed funds are beginning to pay off Alternative Investments Blackstone Reports Fourth Quarter and Full Year 2021 Results News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52792/blackstone-reports-fourth-quarter-and-full-year-2021-results Our limited partners entrusted us with $270 billion of inflows in 2021, with assets under management rising 42% to $881 billion Alternative Investments AIG Life & Retirement Study Shows Americans Setting Renewed Focus on Financial Security and Planning News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52798/aig-life-ampamp-retirement-study-shows-americans-setting-renewed-focus-on-financial-security-and-planning Americans Moving Forward Survey Reveals Protecting Against Financial Uncertainty a Heightened Priority Alternative Investments National Citizens Business Conditions Index™ Drops, Remains Expansionary as Strong Momentum Overrides Concerns News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52800/national-citizens-business-conditions-indexamptrade-drops-remains-expansionary-as-strong-momentum-overrides-concerns Citizens is a trusted strategic and financial adviser, consistently delivering clear and objective advice. Alternative Investments Central Bank Aims to Connect $1.5B Sitting Idle in Banks to Brazilians News Aggregation Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52761/central-bank-aims-to-connect-15b-sitting-idle-in-banks-to-brazilians The Central Bank of Brazil’s official website went offline after the new program was released to the public on Monday (Jan. 24) and users flooded the site to access the information. The English version of the central bank’s website was still d Alternative Investments CME Group Announces Multiple Equity Index Futures and Options Records News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52763/cme-group-announces-multiple-equity-index-futures-and-options-records "We're pleased with the record volume and participation in our Equity Index futures and options products, which enable clients to manage risk in our deeply liquid markets," Alternative Investments TD creates new platform to drive equity lens on innovation News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52772/td-creates-new-platform-to-drive-equity-lens-on-innovation Developed by TD Lab, new Equity, Diversity & Inclusion (ED&I) Resource Hub further cements inclusive innovation in product and service development at TD Alternative Investments Broad Creek Capital adds over 350 Units in the Southeast to its Enhanced Income Strategy Portfolio News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52768/broad-creek-capital-adds-over-350-units-in-the-southeast-to-its-enhanced-income-strategy-portfolio Broad Creek Capital's Enhanced Income Strategy seeks to provide tax-efficient high yield investment income via the acquisition and repositioning of underperforming multifamily properties in attractive markets throughout the United States. Alternative Investments Citi ties more banker bonuses to longer-term risk taking News Aggregation Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52778/citi-ties-more-banker-bonuses-to-longer-term-risk-taking Senior bankers at Wall Street peers often receive 40% to 50% of bonus payments in deferred equity, according to dealmakers contacted by Financial News. Investment Banking Bank of America to Give Employees Stock Awards -Memo News Aggregation Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52779/bank-of-america-to-give-employees-stock-awards-memo The awards will go out to eligible bank employees earning annual total compensation of $500,000 or less. Investment Banking BNY Mellon Q4 Earnings Beat, Revenues & Costs Rise Y/Y News Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52678/bny-mellon-q4-earnings-beat-revenues-ampamp-costs-rise-yy Net income applicable to common shareholders was $3.55 billion, up 4% year over year. Investment Banking Goldman Sachs profit drops below Wall Street expectations News Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52682/goldman-sachs-profit-drops-below-wall-street-expectations Goldman notches record year-end results but Q4 profit misses targets and shares fall. Investment Banking Insider Insights: For Investment Bankers, Pay Soars Along With Hours News Aggregation Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52689/insider-insights-for-investment-bankers-pay-soars-along-with-hours Investment banks are having a harder time holding on to analysts who often work 80 or more hours a week at some places. Investment Banking Morgan Stanley's quarterly profit beats on wealth management, M&A boom News Aggregation Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52690/morgan-stanleyamp039s-quarterly-profit-beats-on-wealth-management-mampampa-boom League tables rank financial service firms based on the amount of investment banking advisory fees they generate. Investment Banking Goldman Sachs profit misses estimates on weak equity trading News Aggregation Team Tuesday, January 18, 2022 12:00 am http://ambankers.net/article/52672/goldman-sachs-profit-misses-estimates-on-weak-equity-trading Goldman's trading unit reported a lower profit in the fourth quarter compared to a year earlier as a more stable economy resulted in fewer swings in financial markets. Investment Banking Wells Fargo Reports Fourth Quarter 2021 Financial Results News Team Friday, January 14, 2022 12:00 am http://ambankers.net/article/52645/wells-fargo-reports-fourth-quarter-2021-financial-results The financial results are available online Investment Banking Citi To Exit Mexican Consumer Banking Business News Aggregation Team Wednesday, January 12, 2022 12:00 am http://ambankers.net/article/52586/citi-to-exit-mexican-consumer-banking-business In the first three quarters of 2021, the businesses Citi intends to exit together accounted for about $3.5 billion in revenue, $1.2 billion in earnings before tax, Citi said in a statement. Investment Banking Growth Grid: 60% of Merrill Brokers Scored Higher Payouts in 2021 News Aggregation Team Thursday, January 06, 2022 12:00 am http://ambankers.net/article/52503/growth-grid-60-of-merrill-brokers-scored-higher-payouts-in-2021 “Merrill advisors enter this year with tremendous momentum, having achieved best ever growth grid results in 2021, and many having had their best year ever,” Investment Banking American Express Chief Colleague Diversity, Equity, & Inclusion and Talent Officer Sonia Cargan Explains What It Takes to Impactfully Progress DE&I in the Workplace News Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52804/american-express-chief-colleague-diversity-equity-ampamp-inclusion-and-talent-officer-sonia-cargan-explains-what-it-takes-to-impactfully-progress-deampampi-in-the-workplace For an interview with BLACK ENTERPRISE, Cargan shares the importance of a holistic strategy, transparency, feedback, and accountability Comment, Analysis & Research Here are Merrill Lynch's due diligence priorities for 2022 News Aggregation Team Friday, January 28, 2022 12:00 am http://ambankers.net/article/52809/here-are-merrill-lynchamp039s-due-diligence-priorities-for-2022 In addition, Snider said Merrill continues to search for alternative solutions. Comment, Analysis & Research Bringing Wealth Management to the Retirement Plan Advice Industry News Aggregation Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52783/bringing-wealth-management-to-the-retirement-plan-advice-industry Informa and WealthManagement.com’s partnership with The Retirement Advisor University aims to educate and empower retirement plan advisors, plan participants. Comment, Analysis & Research Investor Confidence Increases 4.5 Points in January to 89.3 News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52787/investor-confidence-increases-45-points-in-january-to-893 The Investor Confidence Index was developed at State Street Associates, State Street Global Markets’s research and advisory services business, in partnership with FDO Partners. Comment, Analysis & Research Global M&A Industry Trends: 2022 Outlook News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52794/global-mampampa-industry-trends-2022-outlook After a record-breaking year for M&A in 2021, optimism for another supercharged year in 2022 remains, despite growing market headwinds. Comment, Analysis & Research Quality is the decider in the battle between value and growth News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52795/quality-is-the-decider-in-the-battle-between-value-and-growth This year has started along the same lines. Comment, Analysis & Research Hawksmoor Market Update News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52759/hawksmoor-market-update Falls in global equities are being led by the United States. Comment, Analysis & Research The CEO Imperative: How mastering ecosystems transforms performance News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52777/the-ceo-imperative-how-mastering-ecosystems-transforms-performance In fiscal year 2020, companies with high-performing ecosystems also experienced higher average revenue growth and net profit margin overall. Comment, Analysis & Research Fortune/Deloitte CEO Survey News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52744/fortunedeloitte-ceo-survey CEOs eye 2022 with optimism and a dash of uncertainty Comment, Analysis & Research $84 Trillion in Wealth Transfers Through 2045 - RESEARCH News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52749/84-trillion-in-wealth-transfers-through-2045-research Financial service providers must adapt their business models to retain walletshare Comment, Analysis & Research Increased US Gift and Estate Tax Exemptions and Further Planning Opportunities in 2022 News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52760/increased-us-gift-and-estate-tax-exemptions-and-further-planning-opportunities-in-2022 The maximum gift and estate tax rate remains at 40% of the fair market value of the relevant assets. Tax US Tax Issues For Non-US Crypto Investors News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52769/us-tax-issues-for-non-us-crypto-investors This is because, for US tax purposes, gain on the sale of property is generally treated as tax-free foreign source gain in the hands of a foreign seller. Tax New Attribution Requirement Denies Foreign Tax Credits for Certain Withholding Taxes (And Other Taxes) News Team Friday, January 21, 2022 12:00 am http://ambankers.net/article/52715/new-attribution-requirement-denies-foreign-tax-credits-for-certain-withholding-taxes-and-other-taxes In particular, the Final Regulations adopt a new “attribution requirement” (Attribution Requirement) that restricts the availability of FTCs to foreign taxes that the Treasury and the IRS consider to be similar to US taxes. Tax RSM reports 15.8% revenue growth, promotes 83 to partner and principal in US News Aggregation Team Friday, January 14, 2022 12:00 am http://ambankers.net/article/52629/rsm-reports-158-revenue-growth-promotes-83-to-partner-and-principal-in-us North America recorded 15% revenue growth, with consulting services growing by a blistering 50% in 2021. RSM’s Europe and Africa regions also had 15% revenue increases, while the Middle East grew 23%, Asia grew 20%, and Latin America grew 11%. Tax Elon Musk says his taxes are simple and that he doesn’t use offshore accounts or tax shelters in response to Sen. Warren’s ‘freeloading’ claims News Aggregation Team Monday, January 03, 2022 12:00 am http://ambankers.net/article/52433/elon-musk-says-his-taxes-are-simple-and-that-he-doesnamprsquot-use-offshore-accounts-or-tax-shelters-in-response-to-sen-warrenamprsquos-amplsquofreeloadingamprsquo-claims The Democratic senator had accused him of “freeloading” over taxes after he was named Time’s Person of the Year, and Musk snapped back by calling Warren “Senator Karen.” Tax Major Canadian Tax Avoidance Cases at Risk After Loblaw Ruling News Aggregation Team Tuesday, December 28, 2021 12:00 am http://ambankers.net/article/52377/major-canadian-tax-avoidance-cases-at-risk-after-loblaw-ruling Agency lost several big court battles in 2021 Tax The Top HNW Story of 2021: Possible Tax Changes Coming for HNW Investors News Aggregation Team Monday, December 27, 2021 12:00 am http://ambankers.net/article/52361/the-top-hnw-story-of-2021-possible-tax-changes-coming-for-hnw-investors The ever-shifting bill and the byzantine machinations that are being employed to potentially push it through with a slim Democratic majority has already experienced enough twists and turns to make it look like something out of a Hollywood movie. Tax Super-Rich Americans Feel Relief as Tax Hikes Are Canceled for Now News Aggregation Team Tuesday, December 21, 2021 12:00 am http://ambankers.net/article/52320/super-rich-americans-feel-relief-as-tax-hikes-are-canceled-for-now Though many of Democrats’ more radical tax proposals were scaled back or dropped in negotiations, the bill would be “a meaningful step for reducing inequality,” said Carl Davis Tax The ‘cowboy cocktail’: How Wyoming became one of the world’s top tax havens News Team Tuesday, December 21, 2021 12:00 am http://ambankers.net/article/52321/the-amplsquocowboy-cocktailamprsquo-how-wyoming-became-one-of-the-worldamprsquos-top-tax-havens An oligarch, a dictator’s aide and a beverage tycoon turned to America’s least populated state to shelter assets, the Pandora Papers show. Tax Canadians want more taxes on offshore real estate deals News Team Tuesday, December 21, 2021 12:00 am http://ambankers.net/article/52327/canadians-want-more-taxes-on-offshore-real-estate-deals Prime Minister Justin Trudeau last August 24 said a re-elected Liberal cabinet would legislate an outright ban on new foreign purchases of Canadian real estate for at least two years. Tax American Express Fourth-Quarter Revenue Increases 30% News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52756/american-express-fourth-quarter-revenue-increases-30 Fourth-Quarter Earnings Per Share Was $2.18, With Full-Year EPS of $10.02 Retail Banking Ally Financial reports fourth quarter and full year 2021 financial results News Team Friday, January 21, 2022 12:00 am http://ambankers.net/article/52726/ally-financial-reports-fourth-quarter-and-full-year-2021-financial-results Leading, digital-first Ally Bank platform generated strong growth across consumer and commercial product suite Retail Banking Regions Financial records record performance News Team Thursday, January 20, 2022 12:00 am http://ambankers.net/article/52707/regions-financial-records-record-performance Generates highest pre-tax pre-provision income on record. Retail Banking Citizens Financial Group Reports Fourth Quarter 2021 Net Income of $530 million and EPS of $1.17 News Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52691/citizens-financial-group-reports-fourth-quarter-2021-net-income-of-530-million-and-eps-of-117 Underlying Net Income of $569 million and EPS of $1.26 Retail Banking Bank of America Reports Fourth-Quarter 2021 Financial Results News Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52695/bank-of-america-reports-fourth-quarter-2021-financial-results The news release, supplemental filing and investor presentation can be accessed at Bank of America’s Investor Relations website Retail Banking Citi to Exit Consumer, Small Business and Middle-Market Banking Operations in Mexico News Team Wednesday, January 12, 2022 12:00 am http://ambankers.net/article/52581/citi-to-exit-consumer-small-business-and-middle-market-banking-operations-in-mexico Citi’s planned divestitures of its consumer businesses across Mexico, Asia and Europe are aligned with the repositioning of its consumer operations to focus on wealth centers globally as well as payments and lending and a targeted retail presence in Retail Banking Bank of America slashes fees for account overdrafts News Aggregation Team Wednesday, January 12, 2022 12:00 am http://ambankers.net/article/52592/bank-of-america-slashes-fees-for-account-overdrafts Bank of America minimum wage: Bank of America to boost minimum wage to $25 an hour for its employees by 2025 Retail Banking First Northern Joins Alloy Labs to Advance Local Banks News Aggregation Team Wednesday, December 29, 2021 12:00 am http://ambankers.net/article/52394/first-northern-joins-alloy-labs-to-advance-local-banks “First Northern Bank looks forward to its launch of CHUCK in the first quarter of 2022. The members of Alloy Labs Alliance are committed to dispelling the myth that community banks can’t be cutting edge,” Retail Banking BNP Paribas reached an agreement with BMO for the sale of Bank of the West News Team Wednesday, December 22, 2021 12:00 am http://ambankers.net/article/52334/bnp-paribas-reached-an-agreement-with-bmo-for-the-sale-of-bank-of-the-west The Transaction is expected to formally close during the course of 2022, upon customary condition precedents Retail Banking Athene and Apollo to Acquire Majority Stake in Fast-Growing Consumer Lending Platform Aqua Finance at Valuation of Approximately $1 Billion News Team Tuesday, November 30, 2021 12:00 am http://ambankers.net/article/52074/athene-and-apollo-to-acquire-majority-stake-in-fast-growing-consumer-lending-platform-aqua-finance-at-valuation-of-approximately-1-billion Blackstone to Maintain Minority Investment in Aqua Finance Specialist Platform on Track to Originate $2 Billion of Loans in 2021 Retail Banking Truist Announces Goal of Net Zero Greenhouse Gas Emissions by 2050 News Team Thursday, January 27, 2022 12:00 am http://ambankers.net/article/52801/truist-announces-goal-of-net-zero-greenhouse-gas-emissions-by-2050 "These steps toward achieving net zero are a clear manifestation of our purpose – to inspire and build better lives and communities – and are important to our clients and the economy." Planet SOS TD helps build future innovation in Cleantech, Healthtech, and ESG through new patent funding News Team Wednesday, January 26, 2022 12:00 am http://ambankers.net/article/52775/td-helps-build-future-innovation-in-cleantech-healthtech-and-esg-through-new-patent-funding Bank also hits its own record milestone with 1,500 TD patents filed across North America Planet SOS ESG Product Growth Drives New Indices  News Team Tuesday, January 25, 2022 12:00 am http://ambankers.net/article/52750/esg-product-growth-drives-new-indices Considering all these factors, Cerulli anticipates that the market for direct index solutions will increase 89.1% from 2021 to 2026, rising from $407.5 billion to $730.5 billion. Planet SOS Sovereign wealth funds turned a corner in sustainable finance in 2021 News Aggregation Team Monday, January 24, 2022 12:00 am http://ambankers.net/article/52730/sovereign-wealth-funds-turned-a-corner-in-sustainable-finance-in-2021 SWFs' investments in the ESG space globally surged 215.3 per cent in 2021 to $22.7 billion, from $7.2 billion the previous year Planet SOS EPA recognizes PNC Bank for leading green power use News Team Friday, January 21, 2022 12:00 am http://ambankers.net/article/52721/epa-recognizes-pnc-bank-for-leading-green-power-use By moving the needle in the voluntary green power market, PNC Bank and other Green Power Partners are helping to reduce the negative health impacts of air emissions including those related to ozone, fine particles, acid rain and regional haze. Planet SOS How Asset Managers Are Using New Sustainability Taxonomies Globally News Team Thursday, January 20, 2022 12:00 am http://ambankers.net/article/52703/how-asset-managers-are-using-new-sustainability-taxonomies-globally This review first provides a brief overview of some of the key existing and developing taxonomies around the world. Planet SOS Macquarie Capital launches renewable fuels platform Aerogy; completes financing of first US project News Team Wednesday, January 19, 2022 12:00 am http://ambankers.net/article/52681/macquarie-capital-launches-renewable-fuels-platform-aerogy-completes-financing-of-first-us-project Aerogy delivers a suite of innovative energy solutions through project development, financing, construction and commercial operation as well as subsequent project expansions with a focus on renewable natural gas. Planet SOS Record 430 Unlisted Natural Resources Funds in Market in Q4 2021 News Team Thursday, January 13, 2022 12:00 am http://ambankers.net/article/52616/record-430-unlisted-natural-resources-funds-in-market-in-q4-2021 Asset Class Rebounded Strongly from 2020 and is Building Momentum Planet SOS Private equity and real estate 2021 investor roundup and expectations for 2022 News Team Tuesday, January 11, 2022 12:00 am http://ambankers.net/article/52554/private-equity-and-real-estate-2021-investor-roundup-and-expectations-for-2022 This has been common practice in Europe for a number of years, but has only recently started to ramp up for private equity managers in the United States. Planet SOS Climate failure and social crisis top global risks 2022 News Team Tuesday, January 11, 2022 12:00 am http://ambankers.net/article/52563/climate-failure-and-social-crisis-top-global-risks-2022 Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on Planet SOS JPMorgan, Citi employees to start 2022 with remote work as Covid cases rise News Aggregation Team Monday, January 03, 2022 12:00 am http://ambankers.net/article/52437/jpmorgan-citi-employees-to-start-2022-with-remote-work-as-covid-cases-rise JPMorgan Chase & Co, one of Wall Street's staunchest advocates of returning to Manhattan skyscrapers, is offering employees the option of working from home in the opening weeks of 2022, and Citigroup is encouraging staff to log on remotely, as mo Covid-19 Nearly One Third of Small Businesses Have Voluntarily Reinstated Restrictions News Team Tuesday, September 21, 2021 1:00 am http://ambankers.net/article/51214/nearly-one-third-of-small-businesses-have-voluntarily-reinstated-restrictions In the May Small Business Recovery Report, 85% of small business respondents reported their company was fully open, unaffected by local or federal restrictions as the pandemic slowed and the economy reopened. Covid-19 Deloitte makes vaccination mandatory for US workforce News Aggregation Team Monday, August 30, 2021 1:00 am http://ambankers.net/article/50885/deloitte-makes-vaccination-mandatory-for-us-workforce Now, professional services firm Deloitte has become the latest major entity to enter the fray. Covid-19 Delta variant pushes BlackRock to delay US office return as UK on track with hybrid working News Aggregation Team Friday, August 06, 2021 1:00 am http://ambankers.net/article/50623/delta-variant-pushes-blackrock-to-delay-us-office-return-as-uk-on-track-with-hybrid-working Delta variant causes month-long delay to comeback plans Covid-19 Vanguard: Investment giant to pay vaccinated workers $1,000 News Aggregation Team Friday, August 06, 2021 1:00 am http://ambankers.net/article/50617/vanguard-investment-giant-to-pay-vaccinated-workers-1000 Vanguard, one of the world's top investment firms, is to pay its US workers $1,000 if they get vaccinated. Covid-19 Wall Street giant to bar unvaccinated staff News Aggregation Team Wednesday, June 23, 2021 1:00 am http://ambankers.net/article/50063/wall-street-giant-to-bar-unvaccinated-staff The policy comes into effect next month, in a move aimed to allow the lifting of other Covid-related rules. Covid-19 Wall Street Is Back (at the Office) News Aggregation Team Sunday, June 20, 2021 1:00 am http://ambankers.net/article/50022/wall-street-is-back-at-the-office Thousands of financial employees in New York City have returned to their desks. Covid-19 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