US firms to decrease cash holdings due to worsening business performance
by Ben Poole
The AFP July 2020 Corporate Cash Indicators has found that US corporates are accumulating cash as a defensive measure.
News
Industry roundup: 28 July 2020
by Ben Poole
News in brief, including Deutsche Bank enabling virtual account collections and FX services in Asia, and more.
UK businesses battered by COVID-19
by Ben Poole
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
Industry roundup: 27 July 2020
by Ben Poole
News in brief, featuring a Citi supplier finance app and much more.
IBM Cloud ramps up financial services presence
by Ben Poole
BNP Paribas, Bank of America, and MUFG Bank are among those to have furthered their relationship with the tech firm.
Industry roundup: 24 July 2020
by Ben Poole
New in brief, including a digital trade finance partnership, and much more.
CFOs anticipate a slow recovery as COVID-19 weighs on risk appetite
by Ben Poole
Deloitte's latest CFO Survey finds two-thirds expect capex to decrease in the next three years due to the COVID-19 pandemic or Brexit.
Industry roundup: 23 July 2020
by Ben Poole
News in brief, including SMBC's engagement with two blockchain-based trade finance platforms, and more.
FTSE 350 companies issue record levels of profit warnings
by Ben Poole
33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
Industry roundup: 22 July 2020
by Ben Poole
News in brief, featuring a trade finance survey from the International Chamber of Commerce, and more.
Managing FX spreads tops treasurers’ pandemic challenges
by Ben Poole
FX spreads were almost twice as challenging to manage as liquidity, according to a Refinitiv survey.
Industry roundup: 21 July 2020
by Ben Poole
News in brief, featuring Deutsche Bank's new client-facing digital employee, and more.
Asian corporates prioritise operational agility and flexibility in post COVID-19 world
by Ben Poole
A Standard Chartered survey finds 70% of mid-size firms prioritise operations on the road to recovery.
Industry roundup: 20 July 2020
by Ben Poole
News in brief, including a partnership between Cashforce and TIS, a model for MMF investing, and more.
Amex targets the AP space
by Ben Poole
American Express has launched its first automated accounts payable solution for US corporates.
Industry roundup: 17 July 2020
by Ben Poole
News in brief, including a new offering for ESG investors, and more.
Plans for a just transition to net-zero carbon emissions welcomed
by Ben Poole
The banking and finance industry has responded positively to recommendations for an environmentally sustainable future in the UK.
Industry roundup: 16 July 2020
by Ben Poole
News in brief, featuring Contour's first secured LC transaction on blockchain, and more.
Singapore’s multi-currency blockchain project concludes final phase
by Ben Poole
Project Ubin’s fifth and final phase highlights commercial potential, paving the way towards live adoption.
Industry roundup: 15 July 2020
by Ben Poole
News in brief, featuring the launch of a green finance initiative, and much more.
Most US businesses operating at reduced capacity
by Ben Poole
Despite a subdued economic outlook, a JPMorgan Chase survey finds businesses remain confident in themselves and most expect to thrive.
Industry roundup: 14 July 2020
by Ben Poole
News in brief, including new green bonds led by Deutsche Bank, receivables financing from HSBC, and more.
Dutch banks take aim at money launderers
by Ben Poole
Transaction Monitoring Netherlands is a collaborative effort that aims to crack down on money laundering and terrorism financing.
Industry roundup: 13 July 2020
by Ben Poole
News in brief, today exploring recent fintech developments that have implications for treasurers.