Managers of Wealth - Americas http://ambankers.net/ Sat, 08 Aug 2020 19:15:37 BST part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Sanctuary Wealth Expands International Network Capabilities News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46508/sanctuary-wealth-expands-international-network-capabilities Merrill Veteran Susan Graybeal Joins Team Offering Partnered Independence to Advisors Working with Offshore Clients Wealth and Asset Management Canaccord Genuity Group Inc. Reports First Quarter Fiscal 2021 Results News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46512/canaccord-genuity-group-inc-reports-first-quarter-fiscal-2021-results The Company's effective tax rate returned to a normalized level of 22%, following the recognition of deferred tax assets in fiscal 2020 that had previously been unrecognized due to historical losses. Wealth and Asset Management Bank of America targets $3,000/oz as gold shatters price record News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46515/bank-of-america-targets-3000oz-as-gold-shatters-price-record The prediction comes after the precious metal passed the $2,000 mark for the first time. Wealth and Asset Management Guggenheim Investments Announces August 2020 Closed-End Fund Distributions News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46486/guggenheim-investments-announces-august-2020-closed-end-fund-distributions The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). Wealth and Asset Management How To Decide What Your Family Office Should Outsource News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46489/how-to-decide-what-your-family-office-should-outsource Half of these family offices have been established in the last 15 years, fueled by the global rise in the number of ultra-wealthy as well as dissatisfaction with the limitations of the off-the-shelf financial products and services provided by the financia Wealth and Asset Management Research Findings: How Executives Make Wealth Decisions News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46490/research-findings-how-executives-make-wealth-decisions The Northern Trust Institute is dedicated to helping executives achieve more with their wealth through tailored strategies backed by research and innovation. Wealth and Asset Management Morgan Stanley Launches Property & Casualty Insurance for High Net Worth Clients News Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46471/morgan-stanley-launches-property-ampamp-casualty-insurance-for-high-net-worth-clients Firm collaborates with industry-leading insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson to offer a comprehensive insurance solution Wealth and Asset Management What the data tells us about the shape of the US economic recovery News Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46458/what-the-data-tells-us-about-the-shape-of-the-us-economic-recovery Looking at high-frequency data in the US, the key question is whether momentum in consumer spending can be sustained. Wealth and Asset Management HSBC Bank Canada Second Quarter 2020 Results News Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46453/hsbc-bank-canada-second-quarter-2020-results Operating income and expected credit losses show impact of COVID-19, customer deposits up significantly Wealth and Asset Management Cary Street Partners Named to 2020 Financial Times 300 Top Registered Investment Advisers News Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46467/cary-street-partners-named-to-2020-financial-times-300-top-registered-investment-advisers This is the seventh annual FT 300 list, produced independently by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times. Ignites Research provides business intelligence on investment management. Wealth and Asset Management Goldman names new head of digital assets in bet that blockchain is the future of financial markets News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46531/goldman-names-new-head-of-digital-assets-in-bet-that-blockchain-is-the-future-of-financial-markets The bank made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned. People Moves Chubb Names Gina Rebollar Deputy General Counsel for Global Corporate Affairs News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46532/chubb-names-gina-rebollar-deputy-general-counsel-for-global-corporate-affairs She will work closely with Chubb Limited's Board of Directors and advise the company's Corporate Development, Treasury, Human Resources and Global Communications functions as well as other members of senior management on various matters. People Moves Cincinnati Financial Corporation Board Expands 15, Appoints Two News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46533/cincinnati-financial-corporation-board-expands-15-appoints-two During her time as a senior insurance analyst, Benacci was named by the Wall Street Journal as a top-ranked analyst. People Moves Top Brazil gatekeeper exits Julius Baer for WM specialising in alternatives News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46536/top-brazil-gatekeeper-exits-julius-baer-for-wm-specialising-in-alternatives The Swiss group’s family office has lost an experienced manager researcher who was a specialist in offshore and alternatives investment strategies. People Moves Apex Clearing adds two industry veterans to leadership team News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46539/apex-clearing-adds-two-industry-veterans-to-leadership-team Valverde's career spans 27 years in financial services. People Moves Apex Clearing to expand RIA custody, hires Morningstar exec as president News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46541/apex-clearing-to-expand-ria-custody-hires-morningstar-exec-as-president Apex primarily custodies assets for fintech companies, including Betterment and Wealthfront, according to Rothschild. People Moves Blackstone to Acquire Ancestry®, Leading Online Family History Business, for $4.7 Billion News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46506/blackstone-to-acquire-ancestryampreg-leading-online-family-history-business-for-47-billion Ancestry is the global leader in digital family history services, operating in more than 30 countries with more than 3 million paying subscribers across its Ancestry online properties and more than $1 billion in annual revenue. People Moves Calpers Investment Chief Ben Meng to Step Down From Largest U.S. Pension News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46523/calpers-investment-chief-ben-meng-to-step-down-from-largest-us-pension It marks an abrupt exit for the investment chief, who set out to implement a reform agenda at the giant pension. People Moves Linklaters adds partner to investment funds group News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46525/linklaters-adds-partner-to-investment-funds-group Bolstering the firm’s fund formation and regulatory compliance capabilities People Moves Karmen Keup Named Branch Manager of UBS News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46527/karmen-keup-named-branch-manager-of-ubs We are proud to have Karmen lead our offices in Sarasota, Fort Myers and Bonita Springs, and wish her every success in her new role. People Moves Lower US weekly jobless claims; BoE on hold News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46528/lower-us-weekly-jobless-claims-boe-on-hold While cautiousness looks justified on ongoing fragile recovery, the 2021 BoE's scenario looks too optimistic without any further support from the economic policy. Legal, Regulation & Compliance Schroders’ experts preview the 2020 US presidential election News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46529/schrodersamprsquo-experts-preview-the-2020-us-presidential-election Schroders’ experts share their views on the 2020 US presidential race; from what the polls are telling us, to the potential impact on markets and policy. Legal, Regulation & Compliance Glia Fuses Digital Customer Service with Alkami Online Banking Platform News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46530/glia-fuses-digital-customer-service-with-alkami-online-banking-platform Alkami brings Glia's digital-first customer support platform to clients within an integrated cloud-based product suite Legal, Regulation & Compliance CFIUS’s 2019 Annual Report Shows Increased Reviews of Foreign Investment as Jurisdiction Expands News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46534/cfiusamprsquos-2019-annual-report-shows-increased-reviews-of-foreign-investment-as-jurisdiction-expands With the new FIRRMA regulations now implemented, which allow Declarations to be filed for all transactions, investors should closely monitor these trends and CFIUS’s execution of its expanded jurisdiction. Legal, Regulation & Compliance Goldman Sachs cuts quarterly earnings citing legal provisions News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46540/goldman-sachs-cuts-quarterly-earnings-citing-legal-provisions The bank said it set aside $2.96 billion in the second quarter for legal and regulatory costs, up from the $945-million Goldman said it set aside on July 15 during its second quarter earnings announcement. Legal, Regulation & Compliance Beyond the FCPA Resource Guide Redlines: What's New and Why It Matters News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46494/beyond-the-fcpa-resource-guide-redlines-whatamp039s-new-and-why-it-matters This Mayer Brown Legal Update includes a quick update on what's new in the second edition Legal, Regulation & Compliance “Comparable” Alternative Reference Rates to LIBOR: The Low Bar for Official Designation, the Much Higher Hurdle of “Fit for Use” and Implementation for Market Participants News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46496/ampldquocomparableamprdquo-alternative-reference-rates-to-libor-the-low-bar-for-official-designation-the-much-higher-hurdle-of-ampldquofit-for-useamprdquo-and-implementation-for-market-participants While there are a little over 500 days before LIBOR’s likely permanent cessation on December 31, 2021 Legal, Regulation & Compliance Absa ARO Completes Fully Virtual Implementation as It Moves to Fiserv for Card Management and Processing Across Nine African Nations News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46502/absa-aro-completes-fully-virtual-implementation-as-it-moves-to-fiserv-for-card-management-and-processing-across-nine-african-nations This timely implementation of FirstVision was achieved using a virtual team model based on proven Fiserv conversion methodologies, as the ongoing pandemic required remote operations. Legal, Regulation & Compliance CI Financial to acquire US$4.5-billion RIA News Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46483/ci-financial-to-acquire-us45-billion-ria The acquisition vaults CI's U.S. wealth management business past the US$10 billion mark to approximately US$11 billion (C$14.7 billion) in assets. Legal, Regulation & Compliance The U.S. Is a Haven for Money Laundering. That Might Be About to Change. News Aggregation Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46455/the-us-is-a-haven-for-money-laundering-that-might-be-about-to-change Tucked into the sprawling defense authorization bill are measures to create a corporate ownership registry, which would plug one of America’s glaring gaps. Legal, Regulation & Compliance The Next Evolution of Wealthtech Integrations News Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46537/the-next-evolution-of-wealthtech-integrations The rise of robo-advisors in the mid-2010s helped accelerate this trend. FinTech JPMorgan is building out its blockchain engineering team News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46519/jpmorgan-is-building-out-its-blockchain-engineering-team The array of new roles suggests that JPM may instead be focusing on building blockchain products inhouse as it, develops "the next generation of distributed platforms." FinTech Crypto equity investing platform BnkToTheFuture switches to First Digital Trust News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46520/crypto-equity-investing-platform-bnktothefuture-switches-to-first-digital-trust The move marks an important milestone in strengthening trust for investors as the fragile reality of traditional banking value-chain becomes more evident. FinTech Smarter Lending for a Better Economy News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46513/smarter-lending-for-a-better-economy Digital banking technology has allowed financial activities to become more automated and less visible. FinTech BMO Blue Book: Never a Better Time for High Tech to Carry the Torch News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46514/bmo-blue-book-never-a-better-time-for-high-tech-to-carry-the-torch The report notes that few sectors have grown faster than Information and Communications Technologies. FinTech Access Softek Survey Finds One in Five Credit Union Members Anticipates Fewer Branch Visits Post-COVID News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46516/access-softek-survey-finds-one-in-five-credit-union-members-anticipates-fewer-branch-visits-post-covid Survey indicates member satisfaction remains high during pandemic, demonstrates need for additional digital services FinTech Scotiabank Named Best Bank in North America for Innovation in Digital Banking by The Banker Magazine News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46503/scotiabank-named-best-bank-in-north-america-for-innovation-in-digital-banking-by-the-banker-magazine The Bank has built a foundation of strong talent, across five Digital Factories in Canada, Mexico, Chile, Colombia and Peru, reinforcing our position as a leading bank in the Americas. FinTech The digital transformation of payments reaches its next phase News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46505/the-digital-transformation-of-payments-reaches-its-next-phase In addition to providing the technology tools, banks must educate clients and provide guidance to help ease individual client transformations from paper to electronic solutions. FinTech Global ID files patent application for 3D vein biometrics in U.S. after developing solutions for banks News Aggregation Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46482/global-id-files-patent-application-for-3d-vein-biometrics-in-us-after-developing-solutions-for-banks Global ID has also developed solutions for several banks in Switzerland and the European Union over the past year, according to the announcement. FinTech BlueCrest Capital Management Transitions to SS&C for Multi-Asset Execution Management News Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46463/bluecrest-capital-management-transitions-to-ssampampc-for-multi-asset-execution-management Alternatives manager chooses SS&C Eze for reliability and support FinTech Argentina’s debt deal: The view from the AMs seeking restructure News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46542/argentinaamprsquos-debt-deal-the-view-from-the-ams-seeking-restructure The Ad Hoc Argentine Bondholder Group has welcomed proposals put forward by the government to avoid a tenth default. Alternative Investments Asset manager Ares raises $5bn for PE funds News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46543/asset-manager-ares-raises-5bn-for-pe-funds The Los Angeles-based asset manager is on track to collect at least $30bn this year despite disruptions from the coronavirus pandemic Alternative Investments JPMorgan says younger investors like bitcoin and older ones prefer gold News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46518/jpmorgan-says-younger-investors-like-bitcoin-and-older-ones-prefer-gold Both gold and bitcoin have rallied in recent weeks, a development underpinned by uncertainty around the global economy and a weakening U.S. dollar. Alternative Investments Onex Reports Second-Quarter 2020 Results News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46524/onex-reports-second-quarter-2020-results Onex Credit continued to grow its team with four new senior hires, including a Head of Structured Credit, Head of High Yield and two Opportunistic Credit portfolio managers. Alternative Investments Focus Financial Partners Reports Second Quarter 2020 Results News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46522/focus-financial-partners-reports-second-quarter-2020-results Performance Exceeds Expectations Demonstrating Resiliency of Business Model Alternative Investments Charles Schwab Announces Plan to Adopt thinkorswim Trading Platforms as Part of TD Ameritrade Integration News Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46526/charles-schwab-announces-plan-to-adopt-thinkorswim-trading-platforms-as-part-of-td-ameritrade-integration TD Ameritrade’s thinkpipes platform also to be adopted for independent advisor clients About Charles Schwab Alternative Investments Morgan Stanley dips toe into insurance with P&C News Aggregation Team Thursday, August 06, 2020 1:00 am http://ambankers.net/article/46517/morgan-stanley-dips-toe-into-insurance-with-pampampc Clients will also have access to a suite of personal and commercial insurance lines, including inland marine, watercrafts, aviation, flood, cybersecurity, as well as general & professional liability. Alternative Investments Why Shouldn't Retirement Savers Buy ESG Stocks? News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46501/why-shouldnamp039t-retirement-savers-buy-esg-stocks Labor Secretary Eugene Scalia’s proposed rule appears to impinge on pensioners’ freedom. Alternative Investments AIG Reports Second Quarter 2020 Results News Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46475/aig-reports-second-quarter-2020-results Our core businesses performed well in the second quarter. Alternative Investments Bew Corporate and Investment Banking Powerhouse Created News Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46476/bew-corporate-and-investment-banking-powerhouse-created Gregg noted that due to the COVID-19 pandemic, the broker-dealer integration was completed substantially on a virtual basis, which the company believes is among the first of its kind in the industry, and demonstrates Truist's merger integration capab Alternative Investments JPMorgan revamps shareholder activism defense practice -sources News Aggregation Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46480/jpmorgan-revamps-shareholder-activism-defense-practice-sources Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said. Investment Banking Goldman Sachs building M&A dealmaking app as socialising dries up News Aggregation Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46454/goldman-sachs-building-mampampa-dealmaking-app-as-socialising-dries-up App breaks down how different divisions of companies perform relative to peers Investment Banking CNB-TrustBank strategic wealth management partnership News Aggregation Team Friday, July 31, 2020 1:00 am http://ambankers.net/article/46441/cnb-trustbank-strategic-wealth-management-partnership The Strategic Partnership will give Citizens National Bank’s customers access to innovative wealth management services and TrustBank’s team of uniquely qualified individuals who will comprehensively and effectively manage the accounts. Investment Banking TD Announces Results of Conversion Privilege of NonCumulative 5-Year Rate Reset Preferred Shares, Series 7 News Team Friday, July 17, 2020 1:00 am http://ambankers.net/article/46286/td-announces-results-of-conversion-privilege-of-noncumulative-5-year-rate-reset-preferred-shares-series-7 The Series 7 Shares are currently listed on the Toronto Stock Exchange under the symbol TD.PF.D. Investment Banking Goldman Q2 Wealth Revenue Jumps from 2019, Falls from Q1 News Aggregation Team Thursday, July 16, 2020 1:00 am http://ambankers.net/article/46267/goldman-q2-wealth-revenue-jumps-from-2019-falls-from-q1 Client assets under supervision in the Consumer & Wealth Management division rose 14% from the year-earlier quarter and 10% from this year’s first quarter to $558 billion. Investment Banking Banks are hauling in ‘big fees’ from debt and equity underwriting during the crisis News Aggregation Team Thursday, July 16, 2020 1:00 am http://ambankers.net/article/46269/banks-are-hauling-in-amplsquobig-feesamprsquo-from-debt-and-equity-underwriting-during-the-crisis More banks will report earnings this week Investment Banking Stout Announces Intellectual Property Advisory & Transactions Services News Team Tuesday, July 14, 2020 1:00 am http://ambankers.net/article/46226/stout-announces-intellectual-property-advisory-ampamp-transactions-services Stout welcomes Managing Director Mitch Rosenfeld to lead the practice. Investment Banking Bank Lending Under Pressure As Investment Banking Booms News Aggregation Team Monday, July 13, 2020 1:00 am http://ambankers.net/article/46206/bank-lending-under-pressure-as-investment-banking-booms It’s currently unknown whether the banks believe the programs will offset potential losses, rather than only delaying them — the banks’ responses to their observations on what they’re seeing beneath the headline trends will be scru Investment Banking Bank of America’s Brian T. Moynihan Named Chief Executive Magazine’s 2020 CEO Of The Year News Aggregation Team Friday, July 10, 2020 1:00 am http://ambankers.net/article/46195/bank-of-americaamprsquos-brian-t-moynihan-named-chief-executive-magazineamprsquos-2020-ceo-of-the-year Honored by his peer CEOs for his long-term corporate leadership and his stewardship of the global financial system in a time of crisis; Moynihan joins list of legendary executives including Gates, Welch, Dell, Mulcahy, Bossidy and others. Investment Banking Inside Goldman’s new corporate banking portal News Aggregation Team Thursday, July 09, 2020 1:00 am http://ambankers.net/article/46178/inside-goldmanamprsquos-new-corporate-banking-portal The technology was built entirely in the cloud, using Amazon Web Services. Investment Banking Bringing Charitable Fiduciaries Up to Speed News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46535/bringing-charitable-fiduciaries-up-to-speed Too many are still focused on capital growth of foundations rather than their charitable purpose. Comment, Analysis & Research The world has a new centibillionaire – Mark Zuckerberg News Aggregation Team Friday, August 07, 2020 1:00 am http://ambankers.net/article/46538/the-world-has-a-new-centibillionaire-ampndash-mark-zuckerberg Facebook hit a record high on optimism about the release of its TikTok competitor Reels, shooting Zuckerberg's net worth over $100 billion for the first time. Comment, Analysis & Research Remote client service has grown on most advisors, finds survey News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46488/remote-client-service-has-grown-on-most-advisors-finds-survey Majority of professionals in poll plan to keep serving clients remotely until the end of 2020 Comment, Analysis & Research Fascinating Examples Of How Blockchain Is Used In Insurance, Banking And Travel News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46491/fascinating-examples-of-how-blockchain-is-used-in-insurance-banking-and-travel It provides a useful and highly secure way of authenticating information, identities, transactions, and more – creating a super-secure record that can be updated in real-time. Comment, Analysis & Research Ex-Goldman veteran Marty Chavez: Virus will speed up tech takeover of Wall Street News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46492/ex-goldman-veteran-marty-chavez-virus-will-speed-up-tech-takeover-of-wall-street The star exec, Latino and openly gay, was the architect of Goldman's shift to trading technology Comment, Analysis & Research BNY Mellon’s Slavin comments on the robustness of ETFs during the market volatility, and future trends News Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46499/bny-mellonamprsquos-slavin-comments-on-the-robustness-of-etfs-during-the-market-volatility-and-future-trends Slavin is in charge of the ETF business at BNY Mellon for all asset servicing for the ETF ecosystem that the bank supports, from custody, accounting, administration, liquidity, securities lending and foreign exchange, effectively the bank and middle offic Comment, Analysis & Research 8 million Canadians rethinking retirement because of COVID-19: report News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46500/8-million-canadians-rethinking-retirement-because-of-covid-19-report The survey was conducted over a period stretching from early May to early June, before the Canadian job market staged a strong bounceback from record-breaking job losses at the start of the pandemic. Comment, Analysis & Research Artificial Intelligence Will Never Be as Smart as Elon Musk News Aggregation Team Wednesday, August 05, 2020 1:00 am http://ambankers.net/article/46504/artificial-intelligence-will-never-be-as-smart-as-elon-musk Even intelligent people can think stupid thoughts and say silly things, simply because they are smart. Comment, Analysis & Research Raymond James gains 5 ex-Merrill Lynch advisors who managed $515M News Aggregation Team Tuesday, August 04, 2020 1:00 am http://ambankers.net/article/46481/raymond-james-gains-5-ex-merrill-lynch-advisors-who-managed-515m All three spent the last decade with Merrill Lynch. Comment, Analysis & Research Robo-Advisors Thrived Amid the Covid-19 Volatility. Here’s Barron’s Latest Robo Ranking. News Aggregation Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46456/robo-advisors-thrived-amid-the-covid-19-volatility-hereamprsquos-barronamprsquos-latest-robo-ranking Six months into a chaotic year, a typical moderately aggressive robo-advisor account was down just 2.9%, according to data from Backend Benchmarking, a Martinsville, N.J.–based firm that follows the robo industry. Comment, Analysis & Research IRS Undertaking Hundreds of Repatriation Tax Audits in October News Aggregation Team Thursday, July 30, 2020 1:00 am http://ambankers.net/article/46426/irs-undertaking-hundreds-of-repatriation-tax-audits-in-october “We believe that there’s a high likelihood of noncompliance in this space,” Tax Transatlantic Tax Updates: July 2020 News Team Thursday, July 30, 2020 1:00 am http://ambankers.net/article/46428/transatlantic-tax-updates-july-2020 A round-up of the recent US tax changes relevant to American taxpayers living in the UK. Tax Catching up with US tax returns doesn’t need to be difficult for expats News Aggregation Team Thursday, July 23, 2020 1:00 am http://ambankers.net/article/46344/catching-up-with-us-tax-returns-doesnamprsquot-need-to-be-difficult-for-expats The IRS requires that the last 3 tax returns that are overdue are filed in good faith during this process. Tax Canada Revenue Agency: How to Build a Tax-Free Pension News Aggregation Team Tuesday, July 07, 2020 1:00 am http://ambankers.net/article/46141/canada-revenue-agency-how-to-build-a-tax-free-pension The CRA gives you 1/40th of the OAS for each year you lived in Canada after the age of 18. Tax Millionaires in Latin America Weigh Moving to Sidestep Tax Grab News Aggregation Team Wednesday, July 01, 2020 1:00 am http://ambankers.net/article/46080/millionaires-in-latin-america-weigh-moving-to-sidestep-tax-grab Uruguay cuts tax residency requirements to attract investors Tax Three key considerations for tax and legal leaders News Team Thursday, June 25, 2020 1:00 am http://ambankers.net/article/46025/three-key-considerations-for-tax-and-legal-leaders They are at the forefront of crafting essential strategies to maintain a positive cash flow, drive the implementation of government relief measures Tax Global tax guide to doing business in... News Team Tuesday, June 23, 2020 1:00 am http://ambankers.net/article/45989/global-tax-guide-to-doing-business-in This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations. Tax Latin America’s taxing problem News Aggregation Team Wednesday, June 17, 2020 1:00 am http://ambankers.net/article/45929/latin-americaamprsquos-taxing-problem Calls grow to make the rich pay more as Covid-19 drains public finances Tax For less than $400,000 you can now get Uruguay tax residency News Aggregation Team Monday, June 15, 2020 1:00 am http://ambankers.net/article/45877/for-less-than-400000-you-can-now-get-uruguay-tax-residency ​Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI -- currently equivalent to $378,000 -- will qualify for tax residency. Tax IRS Grants Tax Relief for Qualified Opportunity Funds and Investors in Response to the COVID-19 Pandemic News Team Friday, June 12, 2020 1:00 am http://ambankers.net/article/45863/irs-grants-tax-relief-for-qualified-opportunity-funds-and-investors-in-response-to-the-covid-19-pandemic Generally, pursuant to the QOF rules, investors who wish to defer capital gains have 180 days from the applicable recognition date to invest such capital gains into a QOF.2 Tax BBVA, named best bank in Europe and Latin America for innovation in digital banking News Aggregation Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46462/bbva-named-best-bank-in-europe-and-latin-america-for-innovation-in-digital-banking Newly renamed ‘Innovation in Digital Banking Awards,’ this honor was created because the publication believed it need to to more broadly recognize the innovation strategies that banks have defined to advance their digital transformations. Retail Banking RBC tests new loss-absorbing note amid uncertainty on COVID pain News Aggregation Team Friday, July 17, 2020 1:00 am http://ambankers.net/article/46285/rbc-tests-new-loss-absorbing-note-amid-uncertainty-on-covid-pain The deal will be available for sale to domestic and overseas buyers, according to a presentation sent to regulators in Canada on Wednesday. Retail Banking National Bank in Colorado joins growing list of banks closing branches News Aggregation Team Friday, July 03, 2020 1:00 am http://ambankers.net/article/46111/national-bank-in-colorado-joins-growing-list-of-banks-closing-branches Several other banks have announced branch closures in recent weeks, including CB Financial Services in Carmichaels, Pa.; Mercantile Bank in Grand Rapids, Mich.; and Nicolet Bankshares in Green Bay, Wis. Retail Banking Yieldstreet Launches New Private Business Credit Vertical News Team Wednesday, June 24, 2020 1:00 am http://ambankers.net/article/46017/yieldstreet-launches-new-private-business-credit-vertical The new vertical will invest in high-growth companies and make loans between $3 million and $30 million in: commercial term receivables, inventory purchase orders, consumer installment loans, equipment acquisition, auto loans, and other assets. Retail Banking Bank of America takes stake in Dubai's Emirates NBD News Aggregation Team Tuesday, June 09, 2020 1:00 am http://ambankers.net/article/45811/bank-of-america-takes-stake-in-dubaiamp039s-emirates-nbd The North Carolina-based bank is believed to have bought 100 million shares - about 1.51% - of Emirates NBD Retail Banking LPL Bank and Credit Union Investment Program Managers Make Up One-Third of Industry Top 30 List News Team Friday, June 05, 2020 1:00 am http://ambankers.net/article/45791/lpl-bank-and-credit-union-investment-program-managers-make-up-one-third-of-industry-top-30-list These program managers are supported by LPL Financial, a leading retail investment advisory firm and independent broker/dealer. Retail Banking HSBC to sell US retail arm as part of more 'drastic' overhaul: reports News Aggregation Team Tuesday, May 26, 2020 1:00 am http://ambankers.net/article/45657/hsbc-to-sell-us-retail-arm-as-part-of-more-amp039drasticamp039-overhaul-reports It is understood the board's review of what is already the biggest overhaul in the bank's 155-year history will involve deeper job cuts. Retail Banking Heartland BancCorp Ranks #58 on American Banker Magazine’s Top 200 Publicly Traded Community Banks and Thrifts List for 2020 News Team Monday, May 11, 2020 1:00 am http://ambankers.net/article/45504/heartland-banccorp-ranks-58-on-american-banker-magazineamprsquos-top-200-publicly-traded-community-banks-and-thrifts-list-for-2020 Being listed in the Top 200 is a validation of our success in focusing on strong relationships with our clients, communities and shareholders. Retail Banking RBC keeping seniors safe by helping them bank from home News Team Friday, May 08, 2020 1:00 am http://ambankers.net/article/45486/rbc-keeping-seniors-safe-by-helping-them-bank-from-home Seniors actively using online banking and mobile Retail Banking Digital banking is surging during the pandemic. Will it last? News Aggregation Team Thursday, April 30, 2020 1:00 am http://ambankers.net/article/45397/digital-banking-is-surging-during-the-pandemic-will-it-last Online banking logins in the first three weeks of April grew 40% compared with the same period in March, and average logins per user rose from 7 to 8.6. Retail Banking Momentum Builds for ESG Investment Among Global Public Investors, According To OMFIF-BNY Mellon Survey News Team Monday, August 03, 2020 1:00 am http://ambankers.net/article/46461/momentum-builds-for-esg-investment-among-global-public-investors-according-to-omfif-bny-mellon-survey The findings, also published in OMFIF’s latest Global Public Investor Report ESG Allfunds strengthens its social commitment and joins the United Nations Global Compact News Team Wednesday, July 29, 2020 1:00 am http://ambankers.net/article/46399/allfunds-strengthens-its-social-commitment-and-joins-the-united-nations-global-compact Allfunds strengthens its commitment to Corporate Social Responsibility and joins the United Nations Global Compact, the world's largest corporate sustainability initiative. ESG World Federation Of Exchanges releases sixth annual sustainability survey News Team Wednesday, July 15, 2020 1:00 am http://ambankers.net/article/46248/world-federation-of-exchanges-releases-sixth-annual-sustainability-survey ESG is a core strategic mandate and principle of the WFE, and this year’s survey mapped exchange activities to the WFE’s Sustainability Principles for the second time. ESG US asset managers set to fight proposals on ESG investments News Aggregation Team Friday, July 10, 2020 1:00 am http://ambankers.net/article/46186/us-asset-managers-set-to-fight-proposals-on-esg-investments Funds say Department of Labor rule would hamper ability to incorporate ethical principles into pension portfolios ESG Rocky Mountain Institute Launches the Center for Climate-Aligned Finance News Team Friday, July 10, 2020 1:00 am http://ambankers.net/article/46192/rocky-mountain-institute-launches-the-center-for-climate-aligned-finance Wells Fargo, Goldman Sachs, Bank of America, and JPMorgan Chase partner with RMI’s Center to help shape the financial industry’s role in facilitating the transition to a low-carbon, sustainable economy and society ESG Citi creates new team of bankers for ‘fast growing demand’ in ESG bonds News Aggregation Team Wednesday, July 08, 2020 1:00 am http://ambankers.net/article/46166/citi-creates-new-team-of-bankers-for-amplsquofast-growing-demandamprsquo-in-esg-bonds A memo to staff said Philip Brown, head of Citi's public sector DCM business, will run the new global unit ESG Embedding ESG into banks’ strategies News Team Tuesday, June 30, 2020 1:00 am http://ambankers.net/article/46072/embedding-esg-into-banksamprsquo-strategies Four key actions banks should be taking to prepare for the post-COVID-19 ESG mantra. ESG Investors in Canada Turn to Sustainable Investing Amid Protests News Aggregation Team Monday, June 22, 2020 1:00 am http://ambankers.net/article/45979/investors-in-canada-turn-to-sustainable-investing-amid-protests Inflows into ESG funds is soaring in wake of virus, protests ESG E, S or G: Which drives outperformance? News Aggregation Team Friday, June 19, 2020 1:00 am http://ambankers.net/article/45956/e-s-or-g-which-drives-outperformance Latest research by MSCI examines performance of E, S and G factors over different time horizons ESG Age of extinction: the race to save the planet News Team Friday, May 22, 2020 1:00 am http://ambankers.net/article/45637/age-of-extinction-the-race-to-save-the-planet Human activity is threatening the delicate balance between the climate and biosphere. ESG COVID-19 will result in a permanent increase in compliance risk News Team Monday, July 20, 2020 1:00 am http://ambankers.net/article/46288/covid-19-will-result-in-a-permanent-increase-in-compliance-risk COVID-19 will have a lasting impact on the way businesses approach compliance. Covid-19 America’s billionaires have a hoarding problem News Aggregation Team Thursday, July 16, 2020 1:00 am http://ambankers.net/article/46264/americaamprsquos-billionaires-have-a-hoarding-problem Ultra-wealthy so-called philanthropists are pinching pennies while asking for praise, and it’s time for Americans to call them out. Covid-19 The Fits & Starts Of Reopening – A Balancing Act For Executive Teams News Aggregation Team Sunday, July 12, 2020 1:00 am http://ambankers.net/article/46197/the-fits-ampamp-starts-of-reopening-ampndash-a-balancing-act-for-executive-teams The uncertainty of the situation is a killer for business operations and investments. Covid-19 COVID-19 resurgence has economists reevaluating shape of US recovery News Aggregation Team Thursday, July 09, 2020 1:00 am http://ambankers.net/article/46175/covid-19-resurgence-has-economists-reevaluating-shape-of-us-recovery According to Bank of America, about a third of the jobs lost during the pandemic have been recovered. Covid-19 Has globalisation peaked? News Team Friday, July 03, 2020 1:00 am http://ambankers.net/article/46104/has-globalisation-peaked Covid-19 has wreaked havoc across the globe. Covid-19 Managing credit risk during a global pandemic—key considerations and best practices News Team Sunday, June 28, 2020 1:00 am http://ambankers.net/article/46050/managing-credit-risk-during-a-global-pandemicampmdashkey-considerations-and-best-practices Perhaps this reflects the more sobering realities of the severe impacts the economic shutdown has had on global output and employment, and expected levels of bad debt and credit losses likely to accrue to existing bank balance sheets. Covid-19 The COVID-19 pandemic: How it’s impacting asset management sales teams News Team Monday, June 22, 2020 1:00 am http://ambankers.net/article/45970/the-covid-19-pandemic-how-itamprsquos-impacting-asset-management-sales-teams Prospecting has been more challenging. Covid-19 Wealth management response to COVID-19 News Team Thursday, June 18, 2020 1:00 am http://ambankers.net/article/45936/wealth-management-response-to-covid-19 How wealth managers can recover and thrive Covid-19 How to avoid the virus as the world reopens News Aggregation Team Sunday, June 14, 2020 1:00 am http://ambankers.net/article/45876/how-to-avoid-the-virus-as-the-world-reopens A guide to where the biggest risks lie as lockdowns ease Covid-19 The Covid crisis and the Oceans News Team Monday, June 08, 2020 1:00 am http://ambankers.net/article/45798/the-covid-crisis-and-the-oceans The crisis we are going through, and more particularly the widespread lockdown episode imposed on nearly half of humanity, has shown how much human activity weighs on our planet and the oceans in particular. On the occasion of World Oceans Day, on 8 June, Covid-19