Systematic | Jotup

Investor Group to Acquire Systematic Savings Bank

Retrieved on:

Mercredi, avril 17, 2024

Sale, SSSB, OTC, Systematic, Bank, PC, Management

SPRINGFIELD, Mo., April 17, 2024 (GLOBE NEWSWIRE) -- Systematic Savings Bank (“Systematic” or “Bank”) (OTC: SSSB), today announced the signing of a definitive agreement to be acquired by Arlo Financial Holdings, Inc. (“Arlo”) a Springfield, Missouri based corporation that was formed by an investor group led by Mark Bybee.

Key Points:

SPRINGFIELD, Mo., April 17, 2024 (GLOBE NEWSWIRE) -- Systematic Savings Bank (“Systematic” or “Bank”) (OTC: SSSB), today announced the signing of a definitive agreement to be acquired by Arlo Financial Holdings, Inc. (“Arlo”) a Springfield, Missouri based corporation that was formed by an investor group led by Mark Bybee.
In connection with the purchase, Arlo will become the bank holding company for Systematic and it intends to raise at least $25 million of capital.
“The Board of Directors and Management of Systematic have done a great job in building a strong Springfield-based community bank” said Bybee.
Luse Gorman, PC served as legal counsel to Arlo Financial Holdings, Inc. and Breyer & Associates PC served as legal counsel to Systematic Savings Bank.

Recurrence Data for Narrow Band Imaging™ (NBI™) Technology Show Value in the Fight Against Non-Muscle Invasive Bladder Cancer

Retrieved on:

Mercredi, avril 24, 2024

CENTER VALLEY, Pa., April 24, 2024 /PRNewswire/ -- Olympus, a global medical technology company committed to making people's lives healthier, safer, and more fulfilling, announced today data showing that the use of Narrow Band Imaging (NBI) technology with patients with non-muscle invasive bladder cancer (NMIBC) led to 37% less likelihood of recurrence over 12-35 months.1

Key Points:

As reported by the American Cancer Society, bladder cancer has one of the highest recurrence rates.2 Additionally, "recurrence and progression to muscle-invasive bladder cancer (MIBC) is highly variable, depending on tumor classification and grade at diagnosis.
For example, in patients diagnosed with low-grade noninvasive urothelial carcinoma (Ta), recurrence rates range from 30% to 60% at 5 years; however, the risk of progression to MIBC is ≤5%.
In contrast, patients with high-grade urothelial carcinoma invading into the lamina propria (T1) have progression rates of 30% to 70%."
NBI technology will also be available for demo at the Olympus booth at the American Urological Association (AUA) conference, May 3-6, 2024, in San Antonio, TX.

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on:

Mardi, avril 23, 2024

Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points:

Abstract
We evaluate the effects of contagion and common exposure on banks? capital through
a regression design inspired by the structural VAR literature and derived from the balance
sheet identity.
Contagion can occur through direct exposures, fire sales, and market-based
sentiment, while common exposures result from portfolio overlaps.
First, we document that contagion varies in time, with the highest levels
around the Great Financial Crisis and lowest levels during the pandemic.
Our new framework complements
traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
While existing literature presents various contagion narratives, empirical findings on
distress propagation - a precursor to defaults - remain scarce.
We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
In conclusion, our model offers a comprehensive lens for policy intervention analysis and
scenario evaluations on contagion and systemic risk in banking.
This
notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
more widespread throughout the financial system) (see Caruana, 2010).
In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
First, we include contagion in three forms: sentiment-based contagion, contractual-based
contagion, and price-mediated contagion.
In this context,
portfolio overlaps create common exposures, implying that bigger overlaps make systematic
shocks more systemic.
With the COVID-19 pandemic starting
in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
supports.
That is, our
structural model provides a framework for analyzing the impact of policy interventions and
scenarios on different levels of contagion and systemic risk in the banking system.
This provides a complementary approach to
seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
More generally, the literature on networks and systemic risk started with Allen and Gale
(2001) and Eisenberg and Noe (2001).
The matrix is structured as follows:
1
In our model, we do not distinguish between interbank liabilities and other types of liabilities.
In other words, we can and aim to estimate different degrees
of contagion per asset class, i.e., potentially distinct parameters ?Ga .
For that, we build three major
metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
N i j
et ,
Further, we define the (N ?K) common exposure matrix as Commt = [A

(20)

et ]diag (?C
?L

such that average common exposure reads,
average common exposure =

1 XX
Commik,t .
N i j
(22)

20

? c ),

The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.
Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
(Equation (22)).
The market-based contagion is the contagion due to
investors? sentiment, and the network is an estimate FEVD on volatility data.
For most of
the sample, we find that contagion had a bigger impact on the variance than common exposures.

Hartford Funds Expands Systematic ETF Business

Retrieved on:

Mardi, mars 19, 2024

Asset Management, Professional Services, Finance, Momentum, The Hartford, Growth, ETF, Senior, Systematic, Quality, VMAX, Financial adviser

Hartford Funds, a leading global asset manager, is reaffirming its strong commitment to systematic investing with the expansion of its systematic ETF product suite, including today’s launch of the Hartford Multifactor International Small Company ETF (Cboe: ROIS), which is designed to gain efficient exposure to the small cap international equity market while seeking to reduce volatility through the application of key systematic factors.

Key Points:

Hartford Funds, a leading global asset manager, is reaffirming its strong commitment to systematic investing with the expansion of its systematic ETF product suite, including today’s launch of the Hartford Multifactor International Small Company ETF (Cboe: ROIS), which is designed to gain efficient exposure to the small cap international equity market while seeking to reduce volatility through the application of key systematic factors.
This latest product launch follows the introduction of the Hartford US Value ETF (Cboe: VMAX) and Hartford US Quality Growth ETF (Nasdaq: HQGO) in December 2023, after the firm debuted its first systematic ETF product in 2015.
“As we embark on this journey of evolving and expanding our ETF suite, it’s imperative that our investment options help meet the diverse needs of our clients,” said Brian Kraus, Senior Vice President for Systematic ETFs at Hartford Funds.
Hartford US Value ETF [Cboe: VMAX] and Hartford US Quality Growth ETF [Nasdaq: HQGO]
VMAX and HQGO are designed to meet strong investor demand for Systematic Large Value and Large Growth ETFs, respectively.

BurnBot Secures $20M in Series A Funding to Prevent Destructive Wildfires with Mechanized Vegetation Management

Retrieved on:

Mardi, avril 2, 2024

Burn, PG&E, Entrepreneurship, Central Coast, Risk, SAN, Hupa, City, Smoke, Chewing, RX, CAL, Systematic, Fire, Workforce, Weather, Renewable energy

SAN FRANCISCO, April 2, 2024 /PRNewswire/ -- BurnBot, today announced it has raised $20 million in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. The round was led by ReGen Ventures, with participation from Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital and Pathbreaker Ventures.

Key Points:

BurnBot's technology enables 10X more acres to be treated, regardless of weather
SAN FRANCISCO, April 2, 2024 /PRNewswire/ -- BurnBot , today announced it has raised $20 million in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires.
As the frequency and severity of wildfires increase, preventing mass devastation requires scalable, fuels treatment for brush clearance, prescribed burns, and forest restoration.
BurnBot exists to amplify efforts across all these areas," said Anukool Lakhina, Co-Founder and CEO of BurnBot.
Systematic use of beneficial fire plays a pivotal role in fostering a healthy ecosystem and mitigating the risk of devastating wildfires.

University of Phoenix College of Doctoral Studies Releases New Edition of Phoenix Scholar™ Academic Periodical

Retrieved on:

Lundi, février 26, 2024

University of Phoenix College of Doctoral Studies has released the Winter 2023-2024 edition of its Phoenix Scholar™ academic research periodical.

Key Points:

University of Phoenix College of Doctoral Studies has released the Winter 2023-2024 edition of its Phoenix Scholar™ academic research periodical.
The periodical, launched in 2017, highlights the commitment of University of Phoenix faculty, students and alumni to leading research through evidence-based practice.
“We are pleased to present a special anthology edition celebrating the 10th anniversary of our Knowledge Without Boundaries Summit,” shares Hinrich Eylers, Ph.D., P.E., vice provost, College of Doctoral Studies.
The College of Doctoral Studies research centers contribute to the publication findings: CLSOR, Center for Educational and Instructional Technology Research (CEITR), Center for Workplace Diversity and Inclusion Research (CWDIR), and the University of Phoenix Career Institute®.

Hawkish or dovish central bankers: do different flocks matter for fiscal shocks?

Retrieved on:

Mercredi, janvier 3, 2024

This column presents evidence on the role that US monetary policy plays in how fiscal spending affects the economy.

Key Points:

This column presents evidence on the role that US monetary policy plays in how fiscal spending affects the economy.
A dovish Federal Open Market Committee (FOMC) delays policy rate increases, while a hawkish FOMC tightens monetary policy more promptly, following increased fiscal spending.

OPEN Health and Nested Knowledge announce strategic research collaboration to leverage AI technologies for evidence synthesis

Retrieved on:

Lundi, décembre 11, 2023

Knowledge, HTA, Partnership, Research, Software as a service, Access, OPEN, Health, AI, Systematic, Meta-analysis

Together, we aim to enhance the speed, efficiency, and depth of evidence synthesis, ultimately aiding biopharmaceutical researchers in making crucial healthcare decisions and bringing products to market quicker.

Key Points:

Together, we aim to enhance the speed, efficiency, and depth of evidence synthesis, ultimately aiding biopharmaceutical researchers in making crucial healthcare decisions and bringing products to market quicker.
“This collaboration underscores OPEN Health's unwavering commitment to leveraging innovative solutions and AI technologies for superior client delivery,” said Richard Jones, President of OPEN Health Evidence & Access.
Nested Knowledge's AI-driven platform will be applied within OPEN Health’s strategic market access and evidence synthesis teams, dramatically speeding up research analysis and the derivation of insights.
“Uniting technology with expertise is core to the mission of Nested Knowledge, as well as to overcoming key barriers in conventional evidence synthesis processes,” according to Kevin Kallmes, CEO and founder of Nested Knowledge.

Informa PLC to Host QuantMinds International Conference at the InterContinental O2 in London

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Mercredi, novembre 8, 2023

LONDON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via IBN -- Informa PLC, a prominent international events, digital services, and academic knowledge group, is thrilled to announce its forthcoming event, QuantMinds International , the world's premier quant finance conference.

Key Points:

LONDON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via IBN -- Informa PLC, a prominent international events, digital services, and academic knowledge group, is thrilled to announce its forthcoming event, QuantMinds International , the world's premier quant finance conference.
Scheduled from November 13th to 16th, 2023, this esteemed event will take place at the renowned InterContinental O2 in London.
Informa’s QuantMinds International event offers a unique opportunity to explore and network in the ever-changing macroeconomic and financial landscape.
Informa is listed on London Stock Exchange and a member of FTSE 100, with 11,000 colleagues working in more than 30 countries.

Recbio appeared at the 14th China (Taizhou) International Pharmaceutical Fair

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Mardi, octobre 24, 2023

Exhibition, Belt, Vaccine, Systematic, HPV, Protein engineering, Intellectual property, China Council for the Promotion of International Trade, Research, Interview, ICGEB, Trade, Genetic engineering, International Center, COVID-19, Australia-China Council, International trade, Biotechnology

TAIZHOU, China, Oct. 24, 2023 /PRNewswire/ -- From October 19 to 22, the 14th China (Taizhou) International Pharmaceutical Fair, sponsored by the China Chamber of International Commerce and hosted by the Taizhou Municipal People's Government and Jiangsu Branch of the China Council for the Promotion of International Trade, was successfully held in Taizhou China Pharmaceutical City.

Key Points:

TAIZHOU, China, Oct. 24, 2023 /PRNewswire/ -- From October 19 to 22, the 14th China (Taizhou) International Pharmaceutical Fair, sponsored by the China Chamber of International Commerce and hosted by the Taizhou Municipal People's Government and Jiangsu Branch of the China Council for the Promotion of International Trade, was successfully held in Taizhou China Pharmaceutical City.
The theme of this year's exhibition is "New adjuvants, open and win-win situation, taking root in the China Pharmaceutical City, and going to the world".
The new adjuvant platform of Recbio has three characteristics: systematization, industrialization, and continuous innovation.
Benefiting from the leading new adjuvant core technology and the near industrialization of the heavy pipeline, the international layout of Recbio is accelerating.