Financial professionals predict painful recovery
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
Cash & Liquidity Mngm in North America
Background
The NAFTA (North American Free Trade Agreement) area, is made up of - USA, Canada and Mexico, is the world's biggest trading blockt. Also NAFTA is the world's largest free trade area in terms…
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Treasurers’ liquidity actions suggest dire economic consequences
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
Boeing’s actions highlight severity of aviation cash and liquidity turbulence
The company's termination of Embraer joint ventures has reduced its cash needs at a critical time.
US economic indicators reveal initial COVID-19 impact
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Report assesses initial US bank performance in the corona crisis
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
CARES Act gives US airlines the option to extend their liquidity runways
A Moody's Investors Service report explores the COVID-19 impact on the US airline sector and the government's response.
Regulators rush to prop up economies and businesses
The financial consequences of COVID-19 are impacting access to credit, dollar liquidity, account filings, and much more.
AFP urges FED to include Tier 2 commercial paper in new facilities
The US treasury association voiced support for the Commercial Paper Funding and Money Market Mutual Fund Liquidity Facilities.
Jack Henry & Associates streamlines AR financing
SilverLake System integration with BusinessManager lets banks to provide businesses with more transparency, faster access to funds.
RBC to offer accounts receivable tool
The Interac e-Transfer Bulk Request Money feature lets businesses streamline, expedite and automate the accounts receivable process.
Bank of America dashboard lets businesses view third-party app data
The Business Advantage 360 dashboard can now integrate data from Google, QuickBooks and more.
Bankable in US strategic collaboration with Visa
The hookup boosts Bankable's global presence, with B2B payments top of the agenda in the US.
Kabbage launches custom loans for small businesses
The product is designed to improve short-term cash flow options for US companies.
US cash accumulation spiked in Q4 2019
An AFP survey finds financial professionals showing a willingness to deploy cash in Q1 2020.
RTP limit raised to US$100,000, as MUFG joins scheme
The Clearing House is quadrupling the limit from February 1st.
Finance function revising project analysis, but cost of capital practices lag
AFP survey shows finance shortening the timeframe and decision criteria of analysis, but calculating the hurdle rate is unchanged.
J.P. Morgan 2020 Business Leaders Outlook shows some optimism
Executives still see a bright future for business, but global complexity casts a shadow of uncertainty.
BofA’s virtual assistant Erica surpasses 10 million users, introduces new capabilities
The bank has also revealed the most mobile banking cities in the US.
Mischler expands cash management and liquidity platform
Former BofA executives to spearhead latest initiative for broker-dealer.
Wells Fargo enables corporates to send payments on the RTP network
The bank's API enables real-time payments to be sent directly from a corporate's ERP or TMS.
HSBC Bank USA offers business clients real-time payments
Clients had been able to send real-time payments since July 2019.
Study: US firms continued to exhibit caution with cash holdings in Q3 2019
AFP October 2019 Corporate Cash Indicators finds US firms are planning to significantly build cash in Q4 2019.
Santander Bank adds Cash Nexus platform to US commercial banking solutions
The solution provides access to local payment initiation in 15 global markets.
North American companies see US$21bn in FX losses in latest quarter, research finds
A Kyriba report shows FX losses cost companies more than US$44bn in 2019.