Managers of Wealth - Americas http://ambankers.net/ Mon, 20 May 2019 14:16:44 BST part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Goldman Sachs makes biggest acquisition in nearly 20 years News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41688/goldman-sachs-makes-biggest-acquisition-in-nearly-20-years Major acquisitions have been rare in the post-crisis world as Wall Street firms focus on avoiding the wrath of regulators and politicians. Wealth and Asset Management Wealthy Chicago clans connect to invest News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41690/wealthy-chicago-clans-connect-to-invest Chicago families with more than $1 billion to invest are pooling their fortunes for bigger investments. Wealth and Asset Management Family Offices Grow Their CRE Holdings News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41673/family-offices-grow-their-cre-holdings Current conditions in the capital markets are prompting high-net-worth individuals to fill in gaps left by other funding sources, according to Lonnie Vidaurri of Starpoint Properties. Wealth and Asset Management UBS Eliminates More Than 150 Jobs as It Reviews Staffing News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41675/ubs-eliminates-more-than-150-jobs-as-it-reviews-staffing Cutting back-office costs has been a focus of UBS and its crosstown rival Credit Suisse Group AG for years. Wealth and Asset Management Hines & Warner Wealth Management to Join Focus Partner Firm Vista Wealth Management Group Ana Hall Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41661/hines-ampamp-warner-wealth-management-to-join-focus-partner-firm-vista-wealth-management-group The combination of the two firms also promotes continuity of service for Hines Warner and their clients as they join a like-minded organization in Vista. Wealth and Asset Management Zoe Financial Wins Morningstar's Annual Fintech Competition News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41662/zoe-financial-wins-morningstaramp039s-annual-fintech-competition The head of the digital lead generation site says it has already connected $100 million in new client money with advisors. Wealth and Asset Management Wealth advisers flee big banks for smaller firms News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41663/wealth-advisers-flee-big-banks-for-smaller-firms Breakaways are occurring more frequently as advisers hope to exert greater control and keep a larger share of the revenue Wealth and Asset Management Wealth Advisers Are Fleeing Big Banks For Smaller Firms News Aggregation Team Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41636/wealth-advisers-are-fleeing-big-banks-for-smaller-firms Breakaway firms have parked $25 billion on Dynasty’s platform Wealth and Asset Management CIBC AM makes portfolio management changes News Aggregation Team Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41637/cibc-am-makes-portfolio-management-changes CIBC Private Wealth Advisors will assume advisor responsibilities for three funds Wealth and Asset Management Financial advisers form Portland wealth management firm News Aggregation Team Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41638/financial-advisers-form-portland-wealth-management-firm All of the advisers had worked at UBS before forming Great Diamond Partners. Wealth and Asset Management Sandy Spring Bank Appoints New Division Executive of Sandy Spring Private Client Group Mitzi Limlengco Friday, May 17, 2019 1:00 am http://ambankers.net/article/41699/sandy-spring-bank-appoints-new-division-executive-of-sandy-spring-private-client-group Experienced Leader Focused on Personal Client Service and Growth People Moves J.P. Morgan Hires Senior Fixed Income Portfolio Manager Mitzi Limlengco Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41669/jp-morgan-hires-senior-fixed-income-portfolio-manager He holds a bachelor's degree in accounting from Fordham University and an MBA from Columbia University. People Moves Synovus names private wealth director for Central and South Florida News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41671/synovus-names-private-wealth-director-for-central-and-south-florida Weiden began his banking career with Wachovia in 2006. People Moves Merrill Hires UBS Manager and Former Training Head in New York News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41672/merrill-hires-ubs-manager-and-former-training-head-in-new-york Gifford did not respond to a request for comment sent via social media, and a Merrill spokeswoman said she could not immediately comment. People Moves LPL Financial Welcomes Michigan Retirement Advisors Mitzi Limlengco Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41677/lpl-financial-welcomes-michigan-retirement-advisors “Our firm’s focus is helping more people take action so they can be prepared for retirement,” Case said. People Moves Spearhead appoints MD, Strategic Relationships Kris Borres Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41679/spearhead-appoints-md-strategic-relationships Prior to joining Spearhead, Mr. Fineburg was employed by Greycourt & Co. for twelve years, serving as an advisor on $1.4 billion of discretionary and non-discretionary assets in both US and non-US domiciles. People Moves State Street appoints Independent Lead Director News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41687/state-street-appoints-independent-lead-director Fawcett, who was born and has lived in Boston and is a dual citizen of the United States and the United Kingdom, has extensive and diverse global financial services experience. People Moves Markel hires head of North American property reinsurance from Hiscox News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41652/markel-hires-head-of-north-american-property-reinsurance-from-hiscox Markel, Appointment, Nick Lazarus, North America, Property, Reinsurance, London People Moves B. Riley Adds New Hires to Affiliated Companies News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41656/b-riley-adds-new-hires-to-affiliated-companies His financial advisory practice is centered around asset allocation strategies with a focus on fixed income, equities, MLPs, private equity and private credit investments. People Moves Shearman Brings On Former FINRA Enforcement Director Ana Hall Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41667/shearman-brings-on-former-finra-enforcement-director She obtained her J.D. from New York University School of Law and a B.A. from Queens College, City University of New York. People Moves Harvard-Linked Cambridge Square Hedge Fund Set to Shut Down News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41693/harvard-linked-cambridge-square-hedge-fund-set-to-shut-down Cambridge Square lost about 2.5% before fees in its first year of trading in 2017 and was up about 2% last year, the person said. Legal, Regulation & Compliance Ogier advises on US$350 million biopharmaceutical merger Kris Borres Friday, May 17, 2019 1:00 am http://ambankers.net/article/41696/ogier-advises-on-us350-million-biopharmaceutical-merger The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap Legal, Regulation & Compliance Optimum Financial Group expands its asset management activities in the US Kris Borres Friday, May 17, 2019 1:00 am http://ambankers.net/article/41700/optimum-financial-group-expands-its-asset-management-activities-in-the-us “This expansion presents a growth opportunity in asset management that will thereby enable us to offer complementary services to our American clients.” Legal, Regulation & Compliance FINRA: High-Risk B/Ds Had Nine Times More Misconduct Events News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41683/finra-high-risk-bds-had-nine-times-more-misconduct-events Based on back-testing, firms that FINRA has identified through a new rule proposal presented higher risk of future misconduct events. Legal, Regulation & Compliance US SEC Proposes Amendments to Cross-Border Swaps Rules News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41651/us-sec-proposes-amendments-to-cross-border-swaps-rules Among other things, the proposals provide guidance on when transactions are considered to have been “arranged, negotiated, or executed” by US personnel as a trigger for regulating security-based swaps and market participants. Legal, Regulation & Compliance US issues anti-money laundering guidance for cryptocurrencies News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41653/us-issues-anti-money-laundering-guidance-for-cryptocurrencies The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs. Legal, Regulation & Compliance Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic Ana Hall Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41658/shearman-ampamp-sterling-secures-victory-for-ssampampc-technologies-in-lawsuit-against-clearwater-analytic SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen. Legal, Regulation & Compliance TB Sunridge Advisors Paves Way with Registration Approval to Manage Digital Assets News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41660/tb-sunridge-advisors-paves-way-with-registration-approval-to-manage-digital-assets To be registered, TB Sunridge Advisors had to obtain various regulatory licenses, including filing numerous documents with the state securities board. Legal, Regulation & Compliance Goldman Sachs applies for Tokyo banking licence News Aggregation Team Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41634/goldman-sachs-applies-for-tokyo-banking-licence Investment bank to launch global cash management business as part of plan to diversify Legal, Regulation & Compliance Legal Services Demand Drops in First Quarter of 2019 (1) News Aggregation Team Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41640/legal-services-demand-drops-in-first-quarter-of-2019-1 Demand was up 2.3 percent last year, and down .3 percent in the first quarter of this year. Legal, Regulation & Compliance Here’s how artificial intelligence impacts the banking industry News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41691/hereamprsquos-how-artificial-intelligence-impacts-the-banking-industry The intersection of banking and technology, such as artificial intelligence, most prominently appears in fraud management and customer service. FinTech Technology prompts banks to ponder future of branches News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41692/technology-prompts-banks-to-ponder-future-of-branches United Bankshares Inc., which has 139 branches in five states and Washington, D.C., is also innovating. FinTech BRAZIL: New disclosure requirement introduced for crypto asset transactions Ana Hall Friday, May 17, 2019 1:00 am http://ambankers.net/article/41698/brazil-new-disclosure-requirement-introduced-for-crypto-asset-transactions A crypto asset can be used as an investment, to transfer amounts or for access to services, and does not constitute a form of legal currency. FinTech genesis launches Creative Studio to fast track delivery of solutions Ana Hall Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41681/genesis-launches-creative-studio-to-fast-track-delivery-of-solutions This innovative launch by genesis comes in response to the growing market demand to build and deploy web-based solutions across capital markets FinTech WoodmenLife Selects SS&C to Streamline Loan Administration and Accounting Kris Borres Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41659/woodmenlife-selects-ssampampc-to-streamline-loan-administration-and-accounting SS&C continues to grow client base of commercial lenders and servicers with addition of leading Omaha-based life insurance company FinTech Appleby partners with Collision tech conference Ana Hall Tuesday, May 14, 2019 1:00 am http://ambankers.net/article/41635/appleby-partners-with-collision-tech-conference Appleby has established itself as a leading provider of offshore legal services to technology companies and we are looking forward to joining the multi-faceted sessions and networking events. FinTech The Future of Customer Engagement with Blockchain News Aggregation Team Monday, May 13, 2019 1:00 am http://ambankers.net/article/41619/the-future-of-customer-engagement-with-blockchain Blockchain makes data management more systematic, allowing business leaders to make decisions using the most up to date data. FinTech Surveys suggest 68% of high net-worth investors will own cryptos by 2022 News Aggregation Team Friday, May 10, 2019 1:00 am http://ambankers.net/article/41599/surveys-suggest-68-of-high-net-worth-investors-will-own-cryptos-by-2022 The first of several surveys came from the Dubai-based deVere Group, an independent financial advisory organization. FinTech Focus on mobile wealth management News Aggregation Team Thursday, May 09, 2019 1:00 am http://ambankers.net/article/41577/focus-on-mobile-wealth-management It is not possible to even list all the features in a review of this length, but this is a system for firms who want to engage with wealth clients across all generations. FinTech Bank workers who survive robot uprising stand to make more money News Aggregation Team Thursday, May 09, 2019 1:00 am http://ambankers.net/article/41582/bank-workers-who-survive-robot-uprising-stand-to-make-more-money Forty per cent of existing jobs at financial firms could be automated with current technology, McKinsey said. FinTech Penn Capital Multi-Credit High Income Fund Receives 5-Star Morningstar Rating Mitzi Limlengco Friday, May 17, 2019 1:00 am http://ambankers.net/article/41689/penn-capital-multi-credit-high-income-fund-receives-5-star-morningstar-rating Our bottom-up, multi-credit approach allows the Fund to realize the full potential of the liquid non-investment grade market by utilizing both cross- and inter-market opportunities,” says David Jackson, CFA, Senior Portfolio Manager. Alternative Investments Neuberger Berman Just Rode the Stock Swoon by Selling Volatility News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41694/neuberger-berman-just-rode-the-stock-swoon-by-selling-volatility May market moves barely deflated booming short-options bet Alternative Investments Funds bullish as Japan hums with activism News Aggregation Team Friday, May 17, 2019 1:00 am http://ambankers.net/article/41695/funds-bullish-as-japan-hums-with-activism Foreign investors emboldened as companies feel the pressure for better stewardship Alternative Investments Fiera to acquire Foresters’ asset management business News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41668/fiera-to-acquire-forestersamprsquo-asset-management-business The purchase lifts the firm’s liability-driven investment AUM to more than $25 billion Alternative Investments Bradesco buys outside Brazil to compete within News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41676/bradesco-buys-outside-brazil-to-compete-within Move adds offshore platform for private clients; bank argues BAC Florida Bank deal adds to its story as the momentum play in the market. Alternative Investments Leading Institutional Investment Manager Selects Artivest Kris Borres Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41678/leading-institutional-investment-manager-selects-artivest Artivest Open Network Continues to Expand Range of Strategies from Leading Alternative Managers Available to Advisors & Qualified High-Net-Worth Investors Alternative Investments Fiera Capital to buy Asset Manager Ana Hall Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41682/fiera-capital-to-buy-asset-manager The entire portfolio management team from Foresters Asset Management will join Fiera Capital in the firm's Toronto office, Mr. Richard said. Alternative Investments US Corporate Pension Funding Level Rises to 91.4% in April News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41685/us-corporate-pension-funding-level-rises-to-914-in-april Improvement boosted by strong investment returns during the month Alternative Investments Women-led hedge funds try to crack the boys’ club News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41686/women-led-hedge-funds-try-to-crack-the-boysamprsquo-club Female asset managers struggle to attract investments even as they outperform their male peers Alternative Investments Peltz's Trian Fund may push for changes at mutual fund Legg Mason News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41654/peltzamp039s-trian-fund-may-push-for-changes-at-mutual-fund-legg-mason Like many other mutual fund firms, Legg Mason has been hit hard by investors’ shifting tastes for less expensive index funds offered by larger firms, including Vanguard Group. Alternative Investments World's Largest Banks 2019: U.S. Takes Aim At Chinese Dominance News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41670/worldamp039s-largest-banks-2019-us-takes-aim-at-chinese-dominance Bank of America entered the top-five on the Forbes Global 2000 list, now sitting at #5 due to its strong financials and $272 billion market capitalization now put it just behind Agricultural Bank of China, which ranks #4. Investment Banking What does a Goldman-owned United Capital mean for advisers? News Aggregation Team Wednesday, May 15, 2019 1:00 am http://ambankers.net/article/41655/what-does-a-goldman-owned-united-capital-mean-for-advisers What does a Goldman-owned United Capital mean for advisers? Investment Banking BNY Mellon Asset Servicing Selected as the Custodian of Microsoft's Treasury Group Ana Hall Thursday, May 09, 2019 1:00 am http://ambankers.net/article/41589/bny-mellon-asset-servicing-selected-as-the-custodian-of-microsoftamp039s-treasury-group The win marks the first change in custodian for Microsoft in more than a decade, and will feature a cross-business solution that will help Microsoft to better manage and automate their portfolio processes Investment Banking Brazil's BTG Pactual considers spinoff of EFG stake News Aggregation Team Thursday, May 09, 2019 1:00 am http://ambankers.net/article/41605/brazilamp039s-btg-pactual-considers-spinoff-of-efg-stake The Swiss private bank currently drags profitability and makes it more difficult for investors to understand BTG’s business, Dantas added. Investment Banking BNY Mellon and AcadiaSoft Team Up to Solve Last Piece of Collateral Puzzle Ana Hall Tuesday, May 07, 2019 1:00 am http://ambankers.net/article/41560/bny-mellon-and-acadiasoft-team-up-to-solve-last-piece-of-collateral-puzzle While already utilizing AcadiaSoft for margin messaging, BNY Mellon now becomes the first collateral outsource provider to support the IM calculation and reconciliation needs of clients that fall within the scope of the non-cleared margin rules. Investment Banking As Goldman Chases Smaller Clients, Some Doubts and Early Wins News Aggregation Team Friday, May 03, 2019 1:00 am http://ambankers.net/article/41520/as-goldman-chases-smaller-clients-some-doubts-and-early-wins ‘Don’t you have more important or bigger potential clients?’ Investment Banking Former $6 Billion Morgan Stanley Team Goes Independent News Aggregation Team Tuesday, April 30, 2019 1:00 am http://ambankers.net/article/41475/former-6-billion-morgan-stanley-team-goes-independent The new firm is partnering with the Dynasty Financial Partners wealth management network. Investment Banking The Bancorp, Inc. Reports First Quarter 2019 Financial Results Kris Borres Friday, April 26, 2019 1:00 am http://ambankers.net/article/41440/the-bancorp-inc-reports-first-quarter-2019-financial-results Impact from all these initiatives should mostly be felt in increased revenue growth as expenses remain rigorously managed and reengineering has improved productivity and reduced unit costs in many areas.” Investment Banking U.S. may mull cutting debt issuance: Bank of America Merrill Lynch News Aggregation Team Friday, April 26, 2019 1:00 am http://ambankers.net/article/41442/us-may-mull-cutting-debt-issuance-bank-of-america-merrill-lynch The issuance reductions could be up to $4 billion for each of these maturities, they said. Investment Banking BNY Mellon profit falls 20 percent on lower fee revenue News Aggregation Team Wednesday, April 17, 2019 1:00 am http://ambankers.net/article/41352/bny-mellon-profit-falls-20-percent-on-lower-fee-revenue Bank of New York Mellon Corp reported a 20 percent fall in quarterly profit on Wednesday, as the world's largest custodian bank's fee revenue declined. Investment Banking Intertrust Engages With Financial Services Clients Kris Borres Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41680/intertrust-engages-with-financial-services-clients They redistributed the survey to the industry in April 2019 where they gathered 54 responses to highlight more recent findings, specific to the US market. Comment, Analysis & Research Where have all the billionaires gone? News Aggregation Team Friday, May 10, 2019 1:00 am http://ambankers.net/article/41592/where-have-all-the-billionaires-gone Net worth of global billionaires dropped 7 percent according to Wealth-X Comment, Analysis & Research Softer side of wealth management will prevail in the future News Aggregation Team Thursday, May 09, 2019 1:00 am http://ambankers.net/article/41606/softer-side-of-wealth-management-will-prevail-in-the-future As technology turns investment management into a commodity, advisers need to find better ways to add value Comment, Analysis & Research Why Wirehouse FAs are Jumping Ship: Pay Changes, Cross-Selling and more ... News Aggregation Team Tuesday, May 07, 2019 1:00 am http://ambankers.net/article/41561/why-wirehouse-fas-are-jumping-ship-pay-changes-cross-selling-and-more Merrill Lynch’s recent decision to put 300 salaried advisors assigned to its digital advice offerings into traditional wealth management branches Comment, Analysis & Research Why JPMorgan Chase Stock Climbed 14.6% in April News Aggregation Team Tuesday, May 07, 2019 1:00 am http://ambankers.net/article/41563/why-jpmorgan-chase-stock-climbed-146-in-april The financial titan is generating some of the best profitability and growth among the major U.S. banks Comment, Analysis & Research HNW investors feel good about global economy: survey News Aggregation Team Tuesday, May 07, 2019 1:00 am http://ambankers.net/article/41566/hnw-investors-feel-good-about-global-economy-survey Only 21% reported feeling pessimistic Comment, Analysis & Research Psychology of wealth: do the new rich not care about losing money? News Aggregation Team Monday, May 06, 2019 1:00 am http://ambankers.net/article/41537/psychology-of-wealth-do-the-new-rich-not-care-about-losing-money There’s a commonly held view that the rich are very careful with their money. But are entrepreneurs different to ‘traditional’ rich people? Comment, Analysis & Research Macro and Markets Weekly by Gary Dugan Ana Hall Monday, May 06, 2019 1:00 am http://ambankers.net/article/41539/macro-and-markets-weekly-by-gary-dugan The Chinese will feel more comfortable dealing with the matter than they did last year. Comment, Analysis & Research Diversity Is Just the First Step. Inclusion Comes Next. News Aggregation Team Sunday, May 05, 2019 1:00 am http://ambankers.net/article/41534/diversity-is-just-the-first-step-inclusion-comes-next Many companies are taking steps to increase the diversity of their workforces. Comment, Analysis & Research Global funds favour bonds, but say most assets expensive News Aggregation Team Wednesday, May 01, 2019 1:00 am http://ambankers.net/article/41493/global-funds-favour-bonds-but-say-most-assets-expensive In the latest survey of 36 fund managers conducted April 17-30, global equity allocations accounted for 47.0 percent of the model portfolio from 47.6 percent in March. Comment, Analysis & Research Minimizing (or eliminating) US tax on US source income and legacies for non-US charities Ana Hall Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41684/minimizing-or-eliminating-us-tax-on-us-source-income-and-legacies-for-non-us-charities Based on this review and the charity’s affidavit, a qualified practitioner will be able to issue an opinion letter confirming that the charity is the equivalent of a US public charity or a US private foundation. Tax You Can’t Tax the Rich Without the IRS News Aggregation Team Monday, May 06, 2019 1:00 am http://ambankers.net/article/41535/you-canamprsquot-tax-the-rich-without-the-irs Already, wealthy people and corporations easily get around today’s rules. Tax CRA steps up the fight News Aggregation Team Tuesday, April 23, 2019 1:00 am http://ambankers.net/article/41381/cra-steps-up-the-fight The Canada Revenue Agency has increased its enforcement on many fronts Tax Treasury Finally Gives Much-Anticipated Tax Shelter Guidance For Wealthy Investors News Aggregation Team Tuesday, April 23, 2019 1:00 am http://ambankers.net/article/41383/treasury-finally-gives-much-anticipated-tax-shelter-guidance-for-wealthy-investors The newly-proposed rules translate into more clarity and more flexibility for investors in the Opportunity Zones Tax American insurance giant AIG looks beyond Big Four for auditor News Aggregation Team Tuesday, April 23, 2019 1:00 am http://ambankers.net/article/41394/american-insurance-giant-aig-looks-beyond-big-four-for-auditor The company, which is audited by PWC globally, is understood to have looked outside of the Big Four for its UK auditor Tax Swiss leaders upbeat after talks in US on tax and trade News Aggregation Team Monday, April 15, 2019 1:00 am http://ambankers.net/article/41316/swiss-leaders-upbeat-after-talks-in-us-on-tax-and-trade Maurer said that the atmosphere at meetings of global finance leaders was more optimistic than last year, despite uncertainties that could have a negative effect on the global economy. Tax Andersen Global Expands Brazil Presence Ana Hall Wednesday, April 03, 2019 1:00 am http://ambankers.net/article/41184/andersen-global-expands-brazil-presence The firm has 130 professionals in two offices in São Paulo. Tax OECD Global Minimum Tax Plan Faces Design Challenges News Aggregation Team Tuesday, April 02, 2019 1:00 am http://ambankers.net/article/41155/oecd-global-minimum-tax-plan-faces-design-challenges Other challenges include deciding how a minimum tax would interact with a “defensive regime” that denies deductions for payments made to an offshore entity that isn’t subject to the minimum tax regime, and how to avoid double taxation if Tax 'Accidental Americans' in France increase pressure on US over tax bills News Aggregation Team Tuesday, March 26, 2019 12:00 am http://ambankers.net/article/41066/amp039accidental-americansamp039-in-france-increase-pressure-on-us-over-tax-bills Despite this they often find that they are eligible to pay tax on their global income in America because US tax eligibility is based on citizenship and not residency (as it is in most countries). Tax Call made for reduction of tax evasion in Latin America, Caribbean News Aggregation Team Tuesday, March 26, 2019 12:00 am http://ambankers.net/article/41072/call-made-for-reduction-of-tax-evasion-in-latin-america-caribbean According to the report, tax policy has gained traction as a tool to boost progress Tax Wells Fargo’s RIA Channel Adds Another Firm News Aggregation Team Thursday, May 02, 2019 1:00 am http://ambankers.net/article/41518/wells-fargoamprsquos-ria-channel-adds-another-firm As an RIA, the team will focus on multigenerational wealth management for high-net worth families and manage company-sponsored retirement plans for business owners. Retail Banking American Riviera Bank Reports Record Quarterly Net Income Kris Borres Friday, April 26, 2019 1:00 am http://ambankers.net/article/41437/american-riviera-bank-reports-record-quarterly-net-income The Bank reported strong loan growth, with loans increasing $89 million, or 20% from March 31, 2018, reaching $521 million at March 31, 2019 with no other real estate owned. Retail Banking Banking pioneer scores with own venture News Aggregation Team Monday, March 25, 2019 12:00 am http://ambankers.net/article/41056/banking-pioneer-scores-with-own-venture Savoy Bank survives crisis to prove doubters wrong Retail Banking Ameriprise’s Bank Is Closer to Reality News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40973/ameripriseamprsquos-bank-is-closer-to-reality Ameriprise has not hidden its banking intentions and has been providing some information about them in recent earnings conference calls, InvestmentNews points out. Retail Banking Ameriprise getting ready to launch its bank News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40952/ameriprise-getting-ready-to-launch-its-bank Firm's advisers will soon have access to lending products such as mortgages Retail Banking TD Bank Ramps up Commercial Real Estate Lending and Funds Affordable Housing Communities Mitzi Limlengco Tuesday, March 12, 2019 12:00 am http://ambankers.net/article/40894/td-bank-ramps-up-commercial-real-estate-lending-and-funds-affordable-housing-communities The bank extended over $1 billion in 2018 fiscal year to address some of the nation's pressing housing challenges Retail Banking New York-based bank opens flagship San Francisco office News Aggregation Team Thursday, February 28, 2019 12:00 am http://ambankers.net/article/40751/new-york-based-bank-opens-flagship-san-francisco-office The rush into San Francisco comes as no surprise, given the Bay Area’s booming economy and wealth creation. Retail Banking Signature Bank Unveils San Francisco Flagship Financial Center; Marks Company’s Official Entry into the West Coast Mitzi Limlengco Monday, February 25, 2019 12:00 am http://ambankers.net/article/40697/signature-bank-unveils-san-francisco-flagship-financial-center-marks-companyamprsquos-official-entry-into-the-west-coast Leading NYC-based Institution brings Proven Private Client Banking Model to San Francisco Retail Banking Northern Oak acquired by Chicago bank News Aggregation Team Friday, January 25, 2019 12:00 am http://ambankers.net/article/40338/northern-oak-acquired-by-chicago-bank Milwaukee wealth management firm joins First Midwest Bank Retail Banking Bank of America embarks on corporate banking tech modernisation News Aggregation Team Tuesday, January 22, 2019 12:00 am http://ambankers.net/article/40288/bank-of-america-embarks-on-corporate-banking-tech-modernisation Elsewhere in the US, Discover Financial Services, Marcus (a digital lending platform from Goldman Sachs) and Eastern Bank are also on the Finacle user list. Retail Banking Ethic Says Advisors Can Beat Fee Compression With ESG News Aggregation Team Thursday, May 16, 2019 1:00 am http://ambankers.net/article/41674/ethic-says-advisors-can-beat-fee-compression-with-esg The company is Ethic Inc., which uses data analysis and tools to offer the ability to have highly personalized investment portfolios focusing on any number of impact investments, from including clean energy stocks to excluding for-profit prisons, as examp ESG ESG a Game-Changer – But Plenty Still to be Done… News Aggregation Team Friday, May 10, 2019 1:00 am http://ambankers.net/article/41612/esg-a-game-changer-ampndash-but-plenty-still-to-be-doneamphellip One of the trends according to panellist Sachin Vankalas, Director of Operations & Sustainability at LuxFLAG, is that an increasing awareness of ESG is driving demand in this investment category ESG Global biodiversity is collapsing, warn scientists News Aggregation Team Wednesday, May 08, 2019 1:00 am http://ambankers.net/article/41572/global-biodiversity-is-collapsing-warn-scientists The first global assessment of biodiversity and ecosystem services has held humans largely responsible for looming mass extinction of species and has urged immediate action to avert disaster. ESG Moving to a low-carbon future – why banks and companies need to step up by Bill Winters, Standard Chartered Bank News Aggregation Team Tuesday, May 07, 2019 1:00 am http://ambankers.net/article/41558/moving-to-a-low-carbon-future-ampndash-why-banks-and-companies-need-to-step-up-by-bill-winters-standard-chartered-bank We’re making progress on understanding our contribution to climate goals, but cannot go it alone ESG Investors hold $517bn of ‘immediate’ climate risk Gabbie Alayu Wednesday, May 01, 2019 1:00 am http://ambankers.net/article/41491/investors-hold-517bn-of-amplsquoimmediateamprsquo-climate-risk The agency also labelled nine other sectors as being subject to elevated, emerging risks where investors are holding debt investments of rated companies facing environmental issues in their business models. ESG The World Federation of Exchanges Publishes Annual Sustainability Survey News Aggregation Team Wednesday, May 01, 2019 1:00 am http://ambankers.net/article/41494/the-world-federation-of-exchanges-publishes-annual-sustainability-survey This year’s survey also expanded the section on the United Nations Sustainable Development Goals (UN SDGs) to examine how exchanges are engaging with these targets. ESG Investors continue urging regulators for risk disclosure News Aggregation Team Monday, April 15, 2019 1:00 am http://ambankers.net/article/41323/investors-continue-urging-regulators-for-risk-disclosure On the other side are institutional investors who say the current approach of getting the information company by company is inefficient. ESG Investors continue urging regulators for risk disclosure News Aggregation Team Monday, April 15, 2019 1:00 am http://ambankers.net/article/41331/investors-continue-urging-regulators-for-risk-disclosure On the other side are institutional investors who say the current approach of getting the information company by company is inefficient. ESG Church Pension Invests $40 Million in Clean Energy Projects News Aggregation Team Wednesday, April 10, 2019 1:00 am http://ambankers.net/article/41277/church-pension-invests-40-million-in-clean-energy-projects Group also names Ellen Taggart as CFO, treasurer ESG CalPrivate Bank Announces Two New Small Business Lending Divisions Friday, August 24, 2018 1:00 am http://ambankers.net/article/38691/calprivate-bank-announces-two-new-small-business-lending-divisions Adding the right people in the right markets has allowed us to accelerate that process. ESG