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.
North America
COVID-19 vs the global financial crisis - key differences
A credit markets review and outlook of the current crisis from Moody's shows that, unlike 2008-2009, few speak of a credit crunch.
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.
FED and BoE outline COVID-19 corporate support efforts
Both central banks have launched temporary commercial paper facilities to support businesses.
Jack Henry & Associates streamlines AR financing
SilverLake System integration with BusinessManager lets banks to provide businesses with more transparency, faster access to funds.
Crowdz pilots blockchain-based invoice financing marketplace
InvoiceXchange lets businesses auction off unpaid invoices in return for financing.
The Coca-Cola Company records 58th consecutive annual dividend increase
The company's board has also elected Kathy Loveless as vice president and controller.
Paxos begins settling US securities trades for Credit Suisse and Instinet
It is the first time that blockchain-enabled settlement has been used in a live environment for US listed securities.
BofA turns attention to employees of corporate clients
Financial Life Benefits, a suite of workplace benefits and solutions, will be available to staff of the bank's US corporate clients.
Nacha building online platform for payment data sharing
Phixius will look to modernise and streamline the US payments process.
US Treasury announces 2020 National Illicit Finance Strategy
Report identifies key illicit finance concerns for the US and establishes a roadmap to modernise the country's AML/CFT regime.
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.
Cyber risk tops concerns for US financial professionals
The 2020 AFP Risk Survey also found that organisations are better prepared to assess risk.
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.
Citi Commercial Cards launch intelligent virtual agent
The capability is designed to provide a better digital servicing experience for clients.
U.S. Bank Q&A reveals a ‘glass half full’ investment outlook
Despite a variety of disruptive global economic issues in 2020, investors may have reason to accentuate the positives.
Wells Fargo expands financing for diverse small businesses
Wells Fargo Foundation’s Diverse Community Capital Program invests US$17.4m to help entrepreneurs grow 50,000 jobs.
Global trade finance associations join forces
The merger with ATFA boosts ITFA's presence in the Americas.
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.
OpenDoor opens continuous order book for illiquid US treasuries
State Street will execute transactions matched on the platform.
Mastercard opens global Intelligence and Cyber Centre in Vancouver
The new centre is designed to accelerate innovation in digital and cyber security, AI and IoT.
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.