Immediately following the results of the midterm elections financial markets had a bounce that observers say means that Wall Street foresees that a new balance of power in Washington, D.C. as tempering the international tariff and trade wars, and facilitating deregulation. For the midterms, both houses of the U.S. Congress faced a national election on… Read More >>
Are Trump and Wall Street Breaking Up?
What is happening to the romance between Wall Street and President Donald J. Trump? Let’s start with the fact that Trump and Wall Street were not getting along during the 2016 presidential campaign. In fact, we reported that, at first, Wall Street resisted Trump’s charms even though some of his rhetoric must certainly have intrigued… Read More >>
FATCA Spurs Banking Woes for Americans in Asia
More than half of Americans living in East Asia report that they encounter problems “accessing normal banking services” as a consequence of the controversial Foreign Account Tax Compliance Act (FATCA) of the U.S. Treasury, according to a poll via independent advisory group deVere Group. The deVere Group polled more than 2,500 Americans living in the… Read More >>
FATCA’s Foes Take Aim Again
After being mostly ignored during the U.S. presidential race last year, the repeal of Foreign Account Tax Compliance Act (FATCA) is being pushed again by the law’s most vocal opponent Nigel Green, founder and CEO of deVere Group. The far-reaching FATCA legislation, passed in 2010 under the Obama administration, requires Americans living overseas to pay… Read More >>
Firms Could See Stormy Weather in 2017
(In this second installment of predictions [click here to read the first installment and here for the third installment], FTF News is reviewing the predictions made about the investment outlook for 2017 and the cloud and digital technologies that may help firms cope with what will likely be an interesting year. The final story in… Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
Some Pointers on Surviving the Brexit Bombshell
The non-binding referendum by which the citizens of the United Kingdom voted to leave the European Union (“Brexit”) is by now universally recognized as one of the greatest blunders of all time. This monumentally stupid decision is creating utter confusion, and exposing lies, political incompetence and social and political rifts in the U.K. that are… Read More >>
FTF News Technology Innovation Awards 2015 — Special Edition
For the fifth year in a row, the FTF News Technology Innovation Awards 2015 honors the outstanding individuals and the leaders among financial technology product and service providers working to advance post-trade operations. We have chronicled this year’s winners in the special Awards Issue of FTF Focus magazine. This year’s award winners included technology and… Read More >>
London Mayor Finds Ally in FATCA Fight
Boris Johnson, the mayor of London, who recently dove into the controversy of the Foreign Account Tax Compliance Act (FATCA), has a new ally in Nigel Green, founder and chief executive of financial advisory firm deVere Group. Green applauds Johnson’s refusal to pay his FATCA bill. Johnson got unexpected attention when he declared during a… Read More >>
Would You Give Up Your U.S. Citizenship to Fight FATCA?
Is there a growing number of Americans living overseas that want to give up their U.S. citizenship because of the rigors of the Foreign Account Tax Compliance Act (FATCA)? A financial advisory firm, the deVere Group, a vocal opponent of FATCA, says the number of American expats that want to end their citizenship is increasing… Read More >>
