North America
North America | 26 Oct 16
Tax hikes expected for the wealthy if Clinton wins
Democratic candidate Hillary Clinton, tipped to be the next president of the US, is expected to introduce a whole raft of new taxes aimed at the nation’s wealthy once she gets into power.
Investment | 26 Oct 16
Around 40% of US advisers back neither presidential candidate
More than 40% of financial advisers in the US believe neither Hillary Clinton nor Donald Trump will have a positive impact on the stock market, the bond market, or the global economy after the new president is announced next month.
Investment | 20 Oct 16
Merrill Lynch ditches US expats in account closures
Merrill Lynch, one of the ‘big four’ investment banks in the US, will no longer work with US citizens living abroad following the closure of all expat accounts earlier this month, a UK-based IFA firm has confirmed.
North America | 20 Oct 16
SEC fines Israeli bank for offering advice without a licence
Israel-based Bank Leumi will pay $1.6m (£1.3m, €1.45m) and admit wrongdoing to settle charges from the US Securities and Exchange Commission that it provided investment advice to US customers for over 10 years without registering as an investment adviser or broker-dealer.
US asset manager Cohen & Steers initiates UK push
American asset manager Cohen & Steers has initiated a fresh push into the UK investment market and plans to launch two new funds as part of the effort.