Managers of Wealth - Americas http://ambankers.net/ Sat, 13 Aug 2022 04:44:51 BST part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Freedom Wealth Alliance Continues growth stride with latest partnership, Wealth Management Solutions, LLC News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54803/freedom-wealth-alliance-continues-growth-stride-with-latest-partnership-wealth-management-solutions-llc New affiliation adds over $120 million in assets under management to firm. Wealth and Asset Management Credent Wealth Management merges with Personal Wealth Partners News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54804/credent-wealth-management-merges-with-personal-wealth-partners Credent Wealth Management CEO David Hefty emphasized the alignment he saw in the shared principles and values of the two companies, which have both successfully served a variety of clients with diverse needs and levels of wealth. Wealth and Asset Management JPMorgan backs central America in Latam wealth management drive News Aggregation Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54805/jpmorgan-backs-central-america-in-latam-wealth-management-drive The US bank has reorganized its Latam wealth management business to focus on faster growing countries, but home bias remains a tough instinct to overcome. Wealth and Asset Management MAI Adds Ohio-Based Wealth Mgmt Firm News Aggregation Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54813/mai-adds-ohio-based-wealth-mgmt-firm The latest acquisition is Pareto Wealth Management. Wealth and Asset Management Manulife reports 2Q22 net income News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54796/manulife-reports-2q22-net-income "We delivered solid results, including core earnings of $1.6 billion, despite challenges posed by the macro environment, including the impact of market headwinds in Global WAM and extended COVID-19 restrictions in Asia," Wealth and Asset Management J.P. Morgan Completes Acquisition of Global Shares News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54801/jp-morgan-completes-acquisition-of-global-shares Companies and employees will benefit from Global Shares' share plan services, as well as J.P. Morgan's comprehensive suite of wealth management, executive financial services and other banking products and services. Wealth and Asset Management Syracuse, NY based fee-only wealth management firm named top 50 fastest growing firms in the United States News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54780/syracuse-ny-based-fee-only-wealth-management-firm-named-top-50-fastest-growing-firms-in-the-united-states In this study, SmartAsset identifies the fastest-growing firms in the United States. Wealth and Asset Management No pain, no gain? News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54781/no-pain-no-gain What comes next though is more ambiguous, but it’s unlikely to be as simple as good news is bad news, as investors deal with a Fed pivot pushed further into the future and conflicting signals on the US economy. Wealth and Asset Management RT Mosaic Wealth Management to Join Focus Partner Firm Cardinal Point News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54783/rt-mosaic-wealth-management-to-join-focus-partner-firm-cardinal-point This transaction is expected to close in the third quarter of 2022, subject to customary closing conditions. Wealth and Asset Management Family Offices Are Increasingly Important Players in Private Markets News Aggregation Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54765/family-offices-are-increasingly-important-players-in-private-markets Families play the long game. Their ability to weather major volatility without looking for exits makes them sought-after partners. Wealth and Asset Management The Standard Names Vice President, Engagement and Strategy, Actuarial Transformation News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54811/the-standard-names-vice-president-engagement-and-strategy-actuarial-transformation He previously held various actuarial and leadership roles focused on model development, risk assessment, finance and governance at MassMutual, GE Capital, Voya Financial and ING. People Moves SVB Private Appoints Head of Wealth Advisory West News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54791/svb-private-appoints-head-of-wealth-advisory-west He is one of three regional heads leading the Wealth Advisory business alongside Rich Jaffe, Head of Wealth Advisory Northeast, and Ro Mehrotra, Head of Wealth Advisory Central & South. People Moves Macquarie strengthens equities capabilities with transition management appointment News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54793/macquarie-strengthens-equities-capabilities-with-transition-management-appointment Mr. Carangelo joins from State Street Global Markets People Moves Houlihan Lokey Strengthens Financial Institutions Capital Markets Coverage With Experienced Senior Hire News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54795/houlihan-lokey-strengthens-financial-institutions-capital-markets-coverage-with-experienced-senior-hire With approximately 80 dedicated financial professionals across offices in New York, Los Angeles, Chicago, Houston, Dallas, Washington, D.C., London, Manchester, Frankfurt, and Milan, Houlihan Lokey’s Capital Markets Group is among the largest of its People Moves FTI Consulting hires managing director News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54802/fti-consulting-hires-managing-director Worthy rejoins FTI from BDO USA People Moves Serie Wealth Adviosory launches into independence with Ria Giant Stratos Wealth Partners News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54779/serie-wealth-adviosory-launches-into-independence-with-ria-giant-stratos-wealth-partners "I am thrilled that we are attracting top talent like Paul to our organization," People Moves BNY Mellon Wealth Management Names Palm Beach Market President News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54782/bny-mellon-wealth-management-names-palm-beach-market-president William brings over 14 years of experience in the financial services industry People Moves Nikola CEO to retire at the end of the year News Aggregation Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54788/nikola-ceo-to-retire-at-the-end-of-the-year “Michael Lohscheller’s selection represents the completion of a thoughtful succession planning process by the board of directors,” Girsky said. People Moves SVB Private Appoints Head of Wealth Advisory West News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54789/svb-private-appoints-head-of-wealth-advisory-west Fickinger brings more than three decades of banking and wealth management experience to SVB Private People Moves Wealth Manager Joins First Republic in Florida News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54763/wealth-manager-joins-first-republic-in-florida Before joining First Republic, he was a Wealth Advisor and Executive Director at J.P. Morgan Wealth Management. People Moves Carey Olsen advises Argentinian fintech Geopagos on US$35m funding round News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54808/carey-olsen-advises-argentinian-fintech-geopagos-on-us35m-funding-round The Carey Olsen team advising Geopagos on the Cayman Islands law aspects of its fundraising Legal, Regulation & Compliance Credit Suisse Ramps up Legal Pressure on Softbank News Aggregation Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54794/credit-suisse-ramps-up-legal-pressure-on-softbank For its part, Softbank attorneys said Credit Suisse's efforts to get information via courts in the US is a «fishing expedition». Legal, Regulation & Compliance US Treasury sanctions Tornado Cash News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54769/us-treasury-sanctions-tornado-cash Virtual currency mixers that assist criminals are a threat to U.S. national security. Legal, Regulation & Compliance Mini-Tender Offers: Tips for Investors News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54771/mini-tender-offers-tips-for-investors Investors need to scrutinize mini-tender offers carefully. Legal, Regulation & Compliance KKR Forms Strategic Alliance with Loop Capital News Team Friday, August 05, 2022 1:00 am http://ambankers.net/article/54750/kkr-forms-strategic-alliance-with-loop-capital KKR has issued more equity to the public markets over the past decade Legal, Regulation & Compliance 2022 banking regulatory outlook News Team Friday, August 05, 2022 1:00 am http://ambankers.net/article/54753/2022-banking-regulatory-outlook Expanding regulations to address new and emerging challenges Legal, Regulation & Compliance Citi and Insigneo Complete Sale of Citi’s International Personal Bank Business in Puerto Rico and Uruguay News Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54708/citi-and-insigneo-complete-sale-of-citiamprsquos-international-personal-bank-business-in-puerto-rico-and-uruguay With the acquisition of CIFS and Citi Asesores, Insigneo will now exceed $17B in client assets and serve over 400 investment professionals. Legal, Regulation & Compliance The Dollar – The Best of a Bad Bunch News Team Friday, July 29, 2022 1:00 am http://ambankers.net/article/54689/the-dollar-ampndash-the-best-of-a-bad-bunch The dollar’s recent inexorable rise has appeared to show no bounds and has made asset allocators inevitably believe that it may be too risky to bet against the currency. Legal, Regulation & Compliance Bank First Signs Agreement to Acquire Hometown Bancorp News Aggregation Team Thursday, July 28, 2022 1:00 am http://ambankers.net/article/54682/bank-first-signs-agreement-to-acquire-hometown-bancorp Bank First's focus on providing innovative products and services will allow the customers of Hometown to benefit from a wide array of retail banking products and loan programs tailored to the unique needs of each individual or family. Legal, Regulation & Compliance Citizens Is Now the Official Bank of the New York Giants, New Jersey Devils, and Prudential Center News Team Monday, July 25, 2022 1:00 am http://ambankers.net/article/54646/citizens-is-now-the-official-bank-of-the-new-york-giants-new-jersey-devils-and-prudential-center As part of Citizens’ firm commitment to understand and support the neighborhoods it serves, Citizens will partner with the Giants to announce a community program later this summer that addresses local needs Legal, Regulation & Compliance Broadridge Reports Fourth Quarter and Fiscal 2022 Results News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54806/broadridge-reports-fourth-quarter-and-fiscal-2022-results Fiscal Year 2023 Guidance of 6-9% Recurring Revenue Growth and 7-11% Adjusted EPS Growth FinTech JPMorgan collaborates with Women in Tech for youth challenge in Singapore News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54784/jpmorgan-collaborates-with-women-in-tech-for-youth-challenge-in-singapore Three groups of girls ultimately emerged winners, determined by a judging panel that included representatives from J.P. Morgan, SGWiT, Inspiring Girls Singapore and Singapore Computer Society. FinTech Clara secures debt financing for up to USD $150M from Goldman Sachs News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54773/clara-secures-debt-financing-for-up-to-usd-150m-from-goldman-sachs Already backed by international equity investment firms including Coatue, General Catalyst DST Global, monashees, Kaszek, as well as numerous prominent angel investors. FinTech BlackRock ties up with Coinbase News Team Friday, August 05, 2022 1:00 am http://ambankers.net/article/54744/blackrock-ties-up-with-coinbase Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s Institutional client base who are also clients of Coinbase. FinTech Capgemini and Unity Announce a Global Alliance Partnership to Help Organizations Leverage the Business Value of Immersive and Metaverse Experiences News Team Thursday, August 04, 2022 1:00 am http://ambankers.net/article/54738/capgemini-and-unity-announce-a-global-alliance-partnership-to-help-organizations-leverage-the-business-value-of-immersive-and-metaverse-experiences Together, they will play a key role in designing and scaling tailored metaverse solutions for clients and accelerate the convergence between the physical and digital worlds FinTech SS&C Announces $1 Billion Stock Repurchase Program News Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54713/ssampampc-announces-1-billion-stock-repurchase-program The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. FinTech Long-Duration Contracts Targeted Improvements and Impact for Insurers News Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54714/long-duration-contracts-targeted-improvements-and-impact-for-insurers Some insurers may see a decrease in equity because premium deficiency reserves will be calculated differently and because the new standard requires companies to calculate reserves using current interest rates, which could be far lower than their historica FinTech Bank of America "disagrees" that crypto has no intrinsic value News Aggregation Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54715/bank-of-america-ampquotdisagreesampquot-that-crypto-has-no-intrinsic-value Not only did Bank of America's stance towards the value of cryptocurrencies buck the trend, but so did its risk on analysis. FinTech Blue Ocean Technologies Successfully Integrates with Broadridge Trading and Connectivity Solutions News Team Monday, August 01, 2022 1:00 am http://ambankers.net/article/54697/blue-ocean-technologies-successfully-integrates-with-broadridge-trading-and-connectivity-solutions Blue Ocean Technologies will benefit from Broadridge's VeriFIX solution, allowing Blue Ocean to simulate FIX order flow in a non-production environment, and Broadridge's FIX Conductor offering Blue Ocean the ability to onboard new clients not on FinTech SS&C Technologies Releases Q2 2022 Earnings Results News Team Monday, August 01, 2022 1:00 am http://ambankers.net/article/54698/ssampampc-technologies-releases-q2-2022-earnings-results Adjusted revenue $1,330.0 million, up 5.5%, Adjusted Diluted Earnings Per Share $1.10, down 11.3% FinTech Investors flock to U.S 'growth' stocks as inflation fears fade - BofA News Aggregation Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54812/investors-flock-to-us-amp039growthamp039-stocks-as-inflation-fears-fade-bofa BofA analysts said their 'Bull & Bear' indicator, which seeks to track market trends, remains unchanged at "extreme bearish" level. Alternative Investments Schwab Reports Monthly Activity Highlights News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54814/schwab-reports-monthly-activity-highlights Average interest-earning assets were $605.8 billion in July, up 11% from July 2021 and down 1% compared to June 2022. Alternative Investments CI Financial Reports Financial Results for the Second Quarter of 2022 News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54797/ci-financial-reports-financial-results-for-the-second-quarter-of-2022 All financial amounts in Canadian dollars at June 30, 2022, unless stated otherwise. Financial amounts for the quarter are unaudited. Alternative Investments Apollo Closes on $2.35 Billion in Commitments for Apollo Origination Partnership Fund I News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54799/apollo-closes-on-235-billion-in-commitments-for-apollo-origination-partnership-fund-i Fund Close Contributes to Apollo’s $50 Billion-plus of Direct Lending AUM Alternative Investments MAI Capital Management Acquires Pareto Wealth Management News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54800/mai-capital-management-acquires-pareto-wealth-management The Cleveland-based acquisition continues to strengthen MAI’s foothold in Northeast Ohio Alternative Investments KKR expands industrial real estate portfolio in the Sunbelt with acquisitions in Georgia and Texas News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54778/kkr-expands-industrial-real-estate-portfolio-in-the-sunbelt-with-acquisitions-in-georgia-and-texas The SouthPointe acquisition includes two Class A industrial warehouse buildings in south Dallas built in 2017 totaling approximately 1.0 million SF. Alternative Investments Citizens leads $67.3 million construction loan to Trinitas Ventures News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54786/citizens-leads-673-million-construction-loan-to-trinitas-ventures Funds will finance construction of a new student housing project near the University of Central Florida Alternative Investments Truist recommends shareholders reject mini-tender offer from TRC Capital Investment Corporation News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54770/truist-recommends-shareholders-reject-mini-tender-offer-from-trc-capital-investment-corporation Truist is in no way associated with TRC and recommends that shareholders reject this unsolicited offer because the offer price is below the market price for Truist common stock immediately prior to this announcement. Alternative Investments AIG Reports Second Quarter 2022 Results News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54776/aig-reports-second-quarter-2022-results General Insurance’s culture of underwriting excellence continues to be evidenced in our financial results. Alternative Investments Baillie Gifford US Growth returns drop over 45% but maintains strategy conviction News Aggregation Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54774/baillie-gifford-us-growth-returns-drop-over-45-but-maintains-strategy-conviction Discount at 12% from a premium in 2021 Alternative Investments Amundi US Expands ESG Offerings with Amundi US Equity ESG Improvers SMA News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54790/amundi-us-expands-esg-offerings-with-amundi-us-equity-esg-improvers-sma This ESG Improvers strategy may appeal to US investors looking for a core ESG holding with the potential to participate in the upside of companies that are expanding their focus on ESG. Investment Banking TD to Expand its U.S. Investment Banking Business and Capabilities with Acquisition of Cowen Inc. News Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54718/td-to-expand-its-us-investment-banking-business-and-capabilities-with-acquisition-of-cowen-inc Acquisition will create an integrated North American dealer, significantly accelerating TD Securities' U.S. growth strategy Investment Banking Goldman Sachs, JPM, Morgan Stanley hiring from Credit Suisse News Aggregation Team Monday, July 25, 2022 1:00 am http://ambankers.net/article/54648/goldman-sachs-jpm-morgan-stanley-hiring-from-credit-suisse In June, David Krap, Credit Suisse's EMEA head of technology media and telecoms M&A went to JPMorgan. Investment Banking Citigroup : Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America News Team Thursday, July 21, 2022 1:00 am http://ambankers.net/article/54618/citigroup-citi-named-best-investment-bank-in-central-america-ampamp-caribbean-and-best-bank-for-financing-in-latin-america Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America Investment Banking Jefferies Dumps Last Vestiges of Leucadia’s Merchant Bank News Aggregation Team Wednesday, July 20, 2022 1:00 am http://ambankers.net/article/54604/jefferies-dumps-last-vestiges-of-leucadiaamprsquos-merchant-bank Leucadia agreed in late 2012 to purchase Jefferies for $2.8 billion and install Jefferies management as its top executives. Investment Banking Capital Clarity Celebrates Three Years of Excellence in Investment Banking News Team Wednesday, July 20, 2022 1:00 am http://ambankers.net/article/54606/capital-clarity-celebrates-three-years-of-excellence-in-investment-banking Capital Clarity combines the best of big bank and strategic experience with a bespoke, focused and agile boutique platform. Investment Banking Citi makes strategic investment in Illuminate Financial News Aggregation Team Thursday, July 14, 2022 1:00 am http://ambankers.net/article/54558/citi-makes-strategic-investment-in-illuminate-financial The deal makes Citi a limited partner in Illuminate Financial’s venture capital approach. Investment Banking Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth of UAE capital markets News Team Wednesday, July 06, 2022 1:00 am http://ambankers.net/article/54466/emirates-nbd-group-and-bny-mellon-announce-strategic-alliance-to-accelerate-growth-of-uae-capital-markets Collaboration leverages BNY Mellon's global capabilities with Emirates NBD's regional expertise and deep footprint in the UAE market Investment Banking Global investment banking fees fall 31% to three-year low News Aggregation Team Wednesday, July 06, 2022 1:00 am http://ambankers.net/article/54470/global-investment-banking-fees-fall-31-to-three-year-low JP Morgan maintained the top spot for investment banking fees earned during the first half of 2022 with $3.8 billion Investment Banking JPMorgan's senior rates traders keep leaving News Aggregation Team Monday, July 04, 2022 1:00 am http://ambankers.net/article/54445/jpmorganamp039s-senior-rates-traders-keep-leaving Hallgrimsson, who was based in London, left the bank after nearly 20 years. It's understood that he quit for personal reasons. Investment Banking Ultra-wealthy investors are pouring their money back into stocks, according to elite Tiger 21 membership club News Aggregation Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54807/ultra-wealthy-investors-are-pouring-their-money-back-into-stocks-according-to-elite-tiger-21-membership-club Members of Tiger 21—a membership network for ultra-high net worth entrepreneurs, investors and executives—are pivoting toward stocks despite concerns about the shape of the economy. Comment, Analysis & Research US inflation heading in right direction, but rate hikes still on the cards News Team Thursday, August 11, 2022 1:00 am http://ambankers.net/article/54792/us-inflation-heading-in-right-direction-but-rate-hikes-still-on-the-cards It may be too early to declare victory yet as much of it will depend on the outlook for energy costs, but this is very much a step in the right direction. Comment, Analysis & Research Inflation slowed in July, showing Fed's rate hikes are working News Aggregation Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54787/inflation-slowed-in-july-showing-fedamp039s-rate-hikes-are-working "Other prices — including prices of online goods and airline fares — dropped in July and consumers report they expect lower inflation in the months ahead, which are all signs of a potential turnaround in the inflation picture." Comment, Analysis & Research UBS launches new client initiative providing access to the Small Business Administration's Paycheck Protection Program News Team Tuesday, August 09, 2022 1:00 am http://ambankers.net/article/54775/ubs-launches-new-client-initiative-providing-access-to-the-small-business-administrationamp039s-paycheck-protection-program UBS has currently made over 2,200 referrals of PPP loans to date, which represents over $1 billion of loans. Comment, Analysis & Research More than numbers: Why asset management firms are on the move News Team Friday, August 05, 2022 1:00 am http://ambankers.net/article/54751/more-than-numbers-why-asset-management-firms-are-on-the-move The financial considerations are powerful enough — and fairly straightforward. Comment, Analysis & Research US-China tensions over Taiwan – our current scenarios News Team Thursday, August 04, 2022 1:00 am http://ambankers.net/article/54730/us-china-tensions-over-taiwan-ampndash-our-current-scenarios US House Speaker Nancy Pelosi’s visit to Taiwan and China’s aggressive responses compel us to put forward our medium-term scenarios for the US-China relations and the stability of the Taiwan Strait. Comment, Analysis & Research US recession risk remains as Fed seeks to tame inflation News Team Friday, July 29, 2022 1:00 am http://ambankers.net/article/54685/us-recession-risk-remains-as-fed-seeks-to-tame-inflation After its latest rate rise, the Federal Reserve has signalled the pace of hikes could slow. Comment, Analysis & Research USA – land of the not so ESG? News Team Friday, July 29, 2022 1:00 am http://ambankers.net/article/54690/usa-ampndash-land-of-the-not-so-esg This all comes off the back of US states also looking to stem divestment from fossil fuel industries. Comment, Analysis & Research Should US banks be moving to next-generation core banking platforms? News Team Wednesday, July 27, 2022 1:00 am http://ambankers.net/article/54667/should-us-banks-be-moving-to-next-generation-core-banking-platforms Most banks will need to view their systems strategically and technically to decide their path forward. Comment, Analysis & Research Three HNW Business Development Coaching Models News Aggregation Team Tuesday, July 26, 2022 1:00 am http://ambankers.net/article/54659/three-hnw-business-development-coaching-models For most professionals, the attraction of working with the wealthy is manifold. Comment, Analysis & Research IRS Warns Taxpayers Against Tax Avoidance Strategies News Aggregation Team Thursday, July 28, 2022 1:00 am http://ambankers.net/article/54678/irs-warns-taxpayers-against-tax-avoidance-strategies IRS acknowledges that the evolvement of digital technology across the world Tax Puerto Rico suspends operations of bank amid global probe News Aggregation Team Friday, July 01, 2022 1:00 am http://ambankers.net/article/54430/puerto-rico-suspends-operations-of-bank-amid-global-probe Authorities have announced a suspension of the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion Tax Accounting platform Autobooks bags $50m in Series C round News Aggregation Team Wednesday, June 22, 2022 1:00 am http://ambankers.net/article/54344/accounting-platform-autobooks-bags-50m-in-series-c-round Among its partners are established software vendors such as Alkami, Bottomline and FIS. Tax Approximately 1 in 4 American Expats Consider Giving Up Citizenship Mainly Due to Taxation: Survey News Aggregation Team Monday, June 20, 2022 1:00 am http://ambankers.net/article/54314/approximately-1-in-4-american-expats-consider-giving-up-citizenship-mainly-due-to-taxation-survey Around a third of the respondents said they would never consider abandoning their U.S. citizenship. Tax Significant audit and corporate governance reform on the horizon News Team Wednesday, June 08, 2022 1:00 am http://ambankers.net/article/54203/significant-audit-and-corporate-governance-reform-on-the-horizon The package of proposals are of particular importance to very large businesses, their directors, investors and auditors. Tax GeoWealth Enhances its Enterprise Technology Platform by Integrating 55ip’s Tax-Smart Portfolio Implementation Capabilities News Team Friday, June 03, 2022 1:00 am http://ambankers.net/article/54175/geowealth-enhances-its-enterprise-technology-platform-by-integrating-55ipamprsquos-tax-smart-portfolio-implementation-capabilities Ongoing tax-loss harvesting and tax management capabilities are critical to advisors seeking to grow their business Tax Is it time to strategically transform tax operations? News Team Thursday, June 02, 2022 1:00 am http://ambankers.net/article/54159/is-it-time-to-strategically-transform-tax-operations New tax operating models can help investment management firms focus on strategic issues while saving cost Tax Bipartisan group mulls tax provisions for potential climate change bill News Team Monday, May 09, 2022 1:00 am http://ambankers.net/article/53901/bipartisan-group-mulls-tax-provisions-for-potential-climate-change-bill Senate Finance Committee member Bill Cassidy, R-La., was quick to clarify to reporters following the meeting that he does not view the concept as a carbon tax, adding, “I’ve spoken to Republicans who are very interested in this.” Tax Cleary Gottlieb Adds Two San Francisco Bay Area Partners News Team Monday, May 09, 2022 1:00 am http://ambankers.net/article/53916/cleary-gottlieb-adds-two-san-francisco-bay-area-partners Tax Partner Maureen Linch and IP Partner Marcela Robledo Expand Corporate Capabilities Tax Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system News Team Wednesday, April 27, 2022 1:00 am http://ambankers.net/article/53804/beneficial-ownership-transparency-how-to-fix-a-serious-secrecy-loophole-in-the-automatic-exchange-system This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F Tax PNC Bank Eliminates Non-Sufficient Fund Fees for Consumer Banking Customers News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54809/pnc-bank-eliminates-non-sufficient-fund-fees-for-consumer-banking-customers This strategic move comes roughly a year after PNC was among the first financial institutions to take a major step in addressing overdraft fees Retail Banking Citi Commercial Bank launches in Canada News Team Thursday, July 21, 2022 1:00 am http://ambankers.net/article/54619/citi-commercial-bank-launches-in-canada Business to focus on mid-market clients with global ambitions Retail Banking Truist launches new accounts with no overdraft fees News Team Tuesday, July 19, 2022 1:00 am http://ambankers.net/article/54595/truist-launches-new-accounts-with-no-overdraft-fees Purpose-driven approach addresses clients' biggest challenges and creates more pathways to financial inclusion Retail Banking First National Bank Again Recognized Nationally as a Financial Services Top Workplace News Team Friday, July 15, 2022 1:00 am http://ambankers.net/article/54568/first-national-bank-again-recognized-nationally-as-a-financial-services-top-workplace The Top Workplaces rankings are based entirely on employee feedback provided via surveys measuring the Company's workforce engagement and satisfaction. Retail Banking Commerz Real opens US representative office in New York City News Team Wednesday, July 13, 2022 1:00 am http://ambankers.net/article/54543/commerz-real-opens-us-representative-office-in-new-york-city Expansion of investments in real estate and renewable energies planned Retail Banking WesBanco Named to the Forbes Best-In-State Banks 2022 List News Team Monday, July 11, 2022 1:00 am http://ambankers.net/article/54513/wesbanco-named-to-the-forbes-best-in-state-banks-2022-list Company Secures Top Awards for Kentucky and Ohio Retail Banking American Express Recognizes Colleagues with the 2022 Edward P. Gilligan Award for Innovation News Team Thursday, July 07, 2022 1:00 am http://ambankers.net/article/54492/american-express-recognizes-colleagues-with-the-2022-edward-p-gilligan-award-for-innovation These awards remind us that we all have the power to make a lasting impact with one idea. Retail Banking Canadian banks shrink future bad debt cushion even as economic risks mount News Aggregation Team Monday, May 30, 2022 1:00 am http://ambankers.net/article/54125/canadian-banks-shrink-future-bad-debt-cushion-even-as-economic-risks-mount Total allowances for credit losses at Canada's Big Six banks fell 20% in the second quarter from a year ago to about C$23 billion ($18.1 billion) Retail Banking Bank quikly hits $200 million milestone News Aggregation Team Monday, May 23, 2022 1:00 am http://ambankers.net/article/54049/bank-quikly-hits-200-million-milestone Making sound decisions quickly resonates with customers. Retail Banking Regions reports first quarter 2022 earnings of $524 million News Team Friday, April 22, 2022 1:00 am http://ambankers.net/article/53765/regions-reports-first-quarter-2022-earnings-of-524-million "Our solid first-quarter results are a reflection of Regions' sound business strategy." Retail Banking Standard Chartered and ADM successfully execute USD500m Sustainable Export Letter of Credit programme News Team Friday, August 12, 2022 1:00 am http://ambankers.net/article/54810/standard-chartered-and-adm-successfully-execute-usd500m-sustainable-export-letter-of-credit-programme The transaction, which demonstrates both Standard Chartered and ADM’s commitment to sustainability, supports supply chain trackability and greater adoption of sustainable farming and production practices, promoting positive impacts on resource effic Planet SOS Santander US Releases Environmental, Social and Governance Report News Team Wednesday, August 10, 2022 1:00 am http://ambankers.net/article/54785/santander-us-releases-environmental-social-and-governance-report Report highlights Santander’s commitment to helping clients and communities prosper, supporting the green economy, and the impact of Santander’s five-year, $14 billion Inclusive Communities Plan Planet SOS Apollo Publishes 13th Annual ESG Report “Driving a More Sustainable Future” News Team Tuesday, August 02, 2022 1:00 am http://ambankers.net/article/54710/apollo-publishes-13th-annual-esg-report-ampldquodriving-a-more-sustainable-futureamprdquo “We see sustainability as a key enabler of Apollo’s growth strategy, and we believe taking a strategic, comprehensive approach to sustainability can unlock value for all our stakeholders,” Planet SOS Macquarie Asset Management’s Green Investment Group Completes Investment in Galehead Development News Team Tuesday, July 19, 2022 1:00 am http://ambankers.net/article/54590/macquarie-asset-managementamprsquos-green-investment-group-completes-investment-in-galehead-development The Galehead partnership and pipeline will contribute towards GIG’s strategy of owning both development and operating-phase renewable energy assets. Planet SOS IQ-EQ partners with Eden Reforestation Projects News Team Monday, July 18, 2022 1:00 am http://ambankers.net/article/54581/iq-eq-partners-with-eden-reforestation-projects Communities who are facing extreme poverty are given new opportunities at economic self-sufficiency, improved health, and education. Planet SOS Blackstone Announces $400 Million Investment in Xpansiv News Team Thursday, July 07, 2022 1:00 am http://ambankers.net/article/54482/blackstone-announces-400-million-investment-in-xpansiv Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which are critical elements of global decarbonization. Planet SOS Partners Capital Closes its Inaugural Environmental Impact Private Equity Fund at $143 million News Team Thursday, July 07, 2022 1:00 am http://ambankers.net/article/54487/partners-capital-closes-its-inaugural-environmental-impact-private-equity-fund-at-143-million The Partners Capital fund focuses on investments in pressing environmental challenges while also targeting private equity-like returns for investors. Planet SOS Don’t Count on ESG Outperformance News Aggregation Team Tuesday, July 05, 2022 1:00 am http://ambankers.net/article/54457/donamprsquot-count-on-esg-outperformance Their analysis focused primarily on the U.S. stock market. Using environmental ratings from MSCI, a leading provider of ESG ratings, they assigned greenness measures to individual stocks. Planet SOS AllianceBernstein's Guide to ESG Strategies for Municipal Bond Investors News Team Tuesday, June 28, 2022 1:00 am http://ambankers.net/article/54393/alliancebernsteinamp039s-guide-to-esg-strategies-for-municipal-bond-investors ESG integration is the process of incorporating ESG factors across a portfolio to gauge its risk and return potential more accurately. Planet SOS Brookfield raises $15 bln for climate-focused fund News Aggregation Team Thursday, June 23, 2022 1:00 am http://ambankers.net/article/54347/brookfield-raises-15-bln-for-climate-focused-fund The fundraise comes at a time when investors and lawmakers across the globe have been questioning businesses about their environmental and social impact amid calls for companies to lower their greenhouse gas emissions. 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