BREAKING: Charles Schwab reported 'near deal for rival TD Ameritrade'

Charles Schwab, the San Francisco-based, NYSE-listed financial services giant that was in the news recently after it announced certain cutbacks and changes to its services for some  of its American clients resident outside the U.S., is today reported by The Financial Times and other media outlets to be closing in on a US$25bn deal to acquire a smaller rival, TD Ameritrade.

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INSIGHT: First it was FATCA, now MiFID II has U.S. investors in Europe facing nightmares

First, U.S. investors living in Europe had to face FATCA. Now it’s the EU’s Markets in Financial Instruments Directive (MiFID II). 

Here, Jonathan Lachowitz, of Lexington, Massachusetts-based White Lighthouse Investment Management and chairman of the American Citizens Abroad, outlines the difficult position in which the legislation puts middle-class, overseas Americans when trying to buy simple exchange-traded funds (ETFs). (Such difficulties are, in fact, said to be behind reported plans by the European Commission, disclosed last week, to review and potentially make changes to the notoriously vast and complex MiFID legislation...)

Latest quarterly citizenship renunciation data plunges – but not everyone thinks it matters

Once again the latest quarterly renunciation data from the U.S. Treasury Department shows what appears to be a significant plunge in the number of individuals who officially renounced their U.S. citizenships in the most recent three-month period. However, Treasury spokesmen and even some citizenship renunciation experts are urging expats not to read too much into the numbers. 

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Interactive Brokers: ‘We’re expanding our overseas operations rather than cutting back’

When news emerged earlier this month that Charles Schwab Corp., the major, NYSE-listed U.S. broker, bank and asset custodian, had been contacting clients in Europe to tell them that they needed to take certain actions with respect to their accounts before the end of the year, many American expat investors wondered whether other firms would soon be following Schwab’s lead...

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Opinion

INSIGHT: First it was FATCA, now MiFID II has U.S. investors in Europe facing nightmares

INSIGHT: First it was FATCA, now MiFID II has U.S. investors in Europe facing nightmares

First, U.S. investors living in Europe had to face FATCA. Now it’s the EU’s Markets in Financial Instruments Directive (MiFID II).  Here, Jonathan Lachowitz, of Lexington, Massachusetts-based White Lighthouse Investment Management...

Nov-20-2019