Managers of Wealth Americas

Powell: US Faces Long-Term Damage As Downturn Persists

The threat of the virus itself is still a major unknown factor, too, he said, as many people will remain cautious about going out until they think the virus is contained.

US banks paid nearly twice as much in dividends as they earned

FDIC says it is monitoring payouts after loan loss provisions ballooned in first quarter

Wealth solution providers join forces to bolster LatAm offering

Strategic alliance will allow both firms to grow their offerings

Pension fund AustralianSuper delays NY office opening due to COVID-19

The office space will now open when virus restrictions allow, Delaney said, adding he expected that to be in the first half of 2021.

PPP forgiveness process constrains lenders, small businesses, bankers say

In a letter Friday, 47 senators bemoaned the 11-page document as unwieldy as banks repurpose staff for the next stage of coronavirus relief.

Bank of England 'Putting Lives at Risk’ in Legal Dispute Over Venezuelan Gold Sovereignty

The Bank of England (BoE) has been accused of “putting lives at risk” after denying a request from Venezuela to release more than £800m from the South American country's gold reserves currently withheld by the UK.

JPMorgan to Start Bringing More Traders Back to Office Next Week

Wall Street firms are developing ways to return to office life as New York has begun the first of a four-phase reopening plan after companies shut many of their offices to help stem the spread of the deadly coronavirus.

JPMorgan, BofA, Citi Among Banks Facing House Probe on Loans

Republicans on the subcommittee didn’t sign onto the letters asking the banks to turn over documents.

DOL opens gate to private equity in DC plans

Big rush to add the asset class is not expected, experts say

Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks' Problems With Decentralization

Brian Brooks recently became the new acting Comptroller of the Currency, the top banking regulator for the Trump administration.

The National Institute on Ageing and RBC Wealth Management Partner to Serve Older Canadians Français

Partnership will raise awareness on the need to educate, assist and empower older Canadians with personal and financial planning for the future

It’s the economy, stupid by Rathbones

Practically speaking, this case is not likely to have a major impact on the actions of plan sponsors.

Goldman Sachs sees $1,800 gold prices with potential for $2,000

The metal eventually turned sideways when so-called risk assets bounced, but with gold holding up due to U.S. dollar weakness and low long-term real interest rates, Goldman said in a report Tuesday.

CAPTRUST Continues M&A Push With Lakeside Wealth Acquisition

The addition of the $1.6 billion firm underscores the convergence of retirement plan advising and wealth management practices.

Optimize Wealth Management swoops on Lifestyle Wealth

The firm provides financial planning, tax and estate planning, mortgage and insurance services.

Credit Suisse Wins $3.5 Mln from U.S. Brokers Who Claimed Hiring Fraud

The interest, which continues to accumulate until the award is paid, was set at a default rate of more than 5%, according to a Credit Suisse official.

Richardson GMP and Cormark Securities Announce Strategic Alliance

"Together, we have the scale, expertise and depth of talent to become the top choice for Canadians looking for independent firms to meet their wealth management and investment banking needs," added Mr. Marsh.

France and New York ink fintech MoU

This will foster collaboration to support cross-border fintech developments, providing entrepreneurs speed to market opportunities in New York and France, while upholding robust consumer protection.

US banking regulator seeks public input on digital currencies, DLT

This public input will help the agency as it updates its policies for national banks and federal savings associations.

Whistleblower receives largest-ever award (nearly $50M) in currency scheme

Whistleblower Program Reaches $500 Million in Total Awards

Legal, Regulation & Compliance