EU agrees regulation of crypto assets – Industry roundup: 4 July
by Graham Buck
Italy’s borrowing costs rise; European corporate bond distress; BIS softer stance on Bitcoin; Vauld suspends trading
News
Ramifications of the war and taxation - TREASURY NEWS - OpenTreasury Podcast #42
by Kylene Casanova
The economy, taxation, bankers looking at cryptocurrencies, and the war in Ukraine.
Leveraged banks endure severe stress scenario – Industry roundup: 01 July
by Monica Zangerle , Writer, CTMfile
BNP Paribas exits the commodity finance business, leveraged banks endure severe stress scenario, Sanctioned Russia provides opportunities.
Pandemic boosted digital payments, says World Bank – Industry roundup: 30 June
by Graham Buck
China seeks longer yuan trading hours, Diageo, Michelin join Russia exodus, Celent on ISO20022 speed bumps, Tencent joins the metaverse.
Walgreens withdraws from £5 billion Boots sale – Industry roundup: 29 June
by Monica Zangerle , Writer, CTMfile
Walgreens Boots sale, Malaysia RTP, crypto still alive, Deloitte.
BIS cautions on higher interest rate fallout – Industry roundup: 28 June
by Graham Buck
KPMG launches metaverse platform for staff, Liquidity boost for Saudi banks, Forex hedging costs hit Korea insurers, Suncorp mulls sale of banking arm
$200 billion investment on world infrastructure – Industry roundup: 27 June
by Monica Zangerle , Writer, CTMfile
Mars profits, OCC discussions on cryptocurrency, NYDIG, renminbi liquidity plan, Russia default by sanctions.
US to potentially limit capital flow to China targeting tech investors’ preferred sectors
by Monica Zangerle , Writer, CTMfile
US firms' renewed investment in Chinese companies may face a stumbling block as Congress reportedly considers imposing broader federal scrutiny.
Neobanks signs of failure – Industry roundup: 24 June
by Monica Zangerle , Writer, CTMfile
9.9% stake in NBFC, non-bank credit lines for fintech, Qatar Central Bank.
Bitcoin, investors move away from riskier assets - TREASURY NEWS - OpenTreasury Podcast #40
by Kylene Casanova
US inflation rising to a 40-year high of 8.6 percent
BRICS countries keen to develop own payment systems – Industry roundup: 23 June
by Graham Buck
Strong dollar sees US firms review hedging, India's RPI supports rupee, Wise offers ‘Accept my IBAN’ campaign, Deutsche Bank CEO fears recession.
Open banking for larger audience – Industry roundup: 22 June
by Kylene Casanova
Kellogg’s split, open banking and anti-fraud, BIS to urge CBDCs, $250 million revolving credit deal, French fintech raises US $3M.
Yellen confident of global unity on corporate tax – Industry roundup: 21 June
by Graham Buck
India to scale-up SWIFT alternative; UK plans buy-now-pay-later rules; Bangladesh considers CBDCs; EU standards for green bonds queried
Chain reaction as Bitcoin drops below $20k – Industry roundup: 20 June
by Kylene Casanova
As Bitcoin battled to hold above a crucial level on Monday, the cryptocurrency market was on edge
US corporations hold massive cash pile, yet cash dips 3% below all-time high
by Pushpendra Mehta , Executive Writer, CTMfile
The Carfang Group’s analysis of the US Federal Reserve’s Quarterly Flow of Funds report states that US corporations held $3.83 trillion in Q1 of 2022.
$900 million blunder could worsen – Industry roundup: 17 June
by Kylene Casanova
Citigroup's payment error to Revlon Inc. lenders surfaced in the cosmetics giant's bankruptcy in less than a day.
ISO 20022: preparing for staggered implementation – Industry roundup: 16 June
by Graham Buck
Bank of England hikes rates by 0.25%; DHL sees continuing supply chain problems; Crypto concerns hit Three Arrow Capital; Cyber insurers hike rates
Bank deposits, short-term investments – Industry roundup: 15 June
by Kylene Casanova
A typical organization currently keeps 55% of its short-term investments in bank deposits, the highest figure since 2016.
Binance temporarily pauses Bitcoin withdrawals – Industry roundup: 14 June
by Graham Buck
Jamaica moves ahead with CBDC; UK trade finance bank launches; Standard Chartered extends China range; Modulr-Ripple extends partnership to Remessa
Inflation at 8.6%, more Fed rate hikes anticipated – Industry roundup: 13 June
by Kylene Casanova
The Fed's policy-making committee is expected to announce a half-point rate hike, bringing the benchmark rate to 1.5 percent.
European Central Bank rate hikes – Industry roundup: 10 June
by Kylene Casanova
Apple bypasses banks, Credit Suisse, Kushki, raises $100 million, Pay by link.
Quantitative tightening era underway in US - TREASURY NEWS - OpenTreasury Podcast #37
by Kylene Casanova
Anthony Carfang of The Carfang Group joins Pushpendra Mehta and Craig Jeffery to review the latest treasury news and developments.
US regulatory progress for crypto – Industry roundup: 9 June
by Graham Buck
US Treasury ban on Russian debt; Bridgewater bearish on corporate bonds; Citi adds to Asia and tech teams; Reserve Bank of Australia rate hike
Validation features for small volume ACH users – Industry roundup: 8 June
by Kylene Casanova
VBA and Binance strategic partnership, new digital bank, GTP acquired by MFS Africa, validation features for small volume ACH users