FED | Jotup

Tangram and Co/Action Partner on Program for Franchised Equipment Dealers

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Giovedì, Marzo 28, 2024

Risk management, Agriculture, Partnership, SVP, Insurance, FED, Forestry, P&C, Social facilitation, Feds, MGA

PETALUMA, Calif. and MORRISTOWN, N.J., March 28, 2024 (GLOBE NEWSWIRE) -- Tangram Insurance Services, Inc. (Tangram) and Co/Action Specialty Insurance Group (Co/Action) are pleased to announce a partnership which will provide a comprehensive insurance program for franchised equipment dealers (FEDs).

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PETALUMA, Calif. and MORRISTOWN, N.J., March 28, 2024 (GLOBE NEWSWIRE) -- Tangram Insurance Services, Inc. (Tangram) and Co/Action Specialty Insurance Group (Co/Action) are pleased to announce a partnership which will provide a comprehensive insurance program for franchised equipment dealers (FEDs).
“The addition of this nationwide, exclusive program for FEDs is a clear demonstration of Tangram’s and Co/Action’s continued commitment to providing valuable insurance and risk management programs to specialty niche markets,” said Tracy Bernard, SVP of Program Strategy at Tangram.
This new program will be available nationwide, except in AK, HI and LA, and is offered exclusively through Tangram.
“Tangram is a trusted partner and is emblematic of the kind of differentiated relationship we seek at Co/Action.

ABC arbitrage: 2023 Results

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Martedì, Marzo 26, 2024

ABC, FIA, Authority, AGM, Policy, FED, Index (economics), Investment, Ecosystem, Interim

As a result, market volumes were significantly lower, illustrated for example by a drop-off of 15% on EuroStoxx 600.

Key Points:

As a result, market volumes were significantly lower, illustrated for example by a drop-off of 15% on EuroStoxx 600.
Business Performance - The Group’s results are below ambitions but still in line with 2023 market parameters.
The strategies launched by the ABC 2022 business plan are below expectations for this fiscal year.
Group AUM remains stable (-2%) with a total amount of €336 million on 1 March 2024 (against €343 million on December 31, 2023).
Group AUM remains close to 2023 levels, but the latest advances give ABC arbitrage reason to expect a rebound in this area, despite the delay in 2022 and 2023.

Verkada Establishes Federal Advisory Board, Continues to Build on Offerings for Government Customers

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Giovedì, Marzo 14, 2024

SAN MATEO, Calif., March 14, 2024 /PRNewswire/ -- Verkada, a pioneer in cloud-based physical security solutions, today announced the appointment of four leaders to its newly formed Federal Advisory Board. The board, which brings together experts with extensive experience across the public sector, will provide counsel to Verkada as it continues to expand its product offering for the Federal Government. Board members include: Kiersten Todt, former Chief of Staff of the Cybersecurity and Infrastructure Security Agency (CISA); Vice Admiral Timothy Szymanski (Retired), former Deputy Commander of United States Special Operations Command; Dan Mathews, former Commissioner of the US Public Buildings Service; and Robert Efrus, Founder and CEO of federal consulting firm, Efrus Federal Advisors LLC.

Key Points:

The board, which brings together experts with extensive experience across the public sector, will provide counsel to Verkada as it continues to expand its product offering for the Federal Government.
Today, Verkada offers Federal Government-Grade models that are FIPS 140-2 validated, and, earlier this month, announced FIPS cameras, and visitor management solution Verkada Guest, are supported in AWS GovCloud .
"Our approach to building has always been first to deeply understand the needs of our customers," said Filip Kaliszan, Co-Founder and CEO at Verkada.
"Our new Federal Advisory Board is critical to helping us continue to do that in a thoughtful way when it comes to engineering our products for the evolving needs of federal customers."

US monetary policy is more powerful in low economic growth regimes

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Martedì, Aprile 2, 2024

Tao, Research Papers in Economics, Excess, American Economic Journal, Doan, Policy, RT, Interpolation, Economic growth, Absorption, Business, E32, Low, Browning, European Economic Review, UST, NBER, Forecasting, Macroeconomics, European Economic Association, Journal of Monetary Economics, Journal of Applied Econometrics, TVAR, Oxford University Press, Time series, Economic Inquiry, Paper, Linearity, Joshua Angrist, Nobuhiro, Environment, Political economy, Journal of Financial Economics, Rated R, R2, Website, Emi, Energy economics, Probability, Medical classification, Eurozone, Sigismund, Quarterly Journal of Economics, Zero lower bound, History, Nature, Chapter, ZT, Journal of Political Economy, Bocconi University, OLS, Statistics, University of California, Irvine, PDF, Classification, ECB, XS, ITP, Impact, Estimation, DGP, Mark Thoma, Social science, Elsevier, JEL, Cambridge University Press, Real, M1, Research, Textbook, Private sector, FED, Credit, UTT, Literature, Federal Reserve, Knotek, Evelyn Regner, Table, European Central Bank, Chow, FRED, Monetary economics, Wald, Ben Bernanke, Premium, P500, BIS, EWMA, International Economic Review, Federal funds rate, Money, Treasury, C32, The Economic Journal, Federal Reserve Economic Data, Employment, Risk, FFR, Suggestion, FOMC, Monte Carlo method, Sigmoid, VAR, Database, Projection, Ascari, The Journal of Finance, Yield curve, United States Treasury security, Economy, Fed, Figure, NFCI, Financial economics, EXP, Freedom, Central bank, PCE, Monetary policy, American Economic Review, Exercise, Interest, Samuel, URR, Rigidity, Business cycle, XT, Landing slot, Chap, Daron Acemoglu, Markov, Blue chip, Kuttner, Response, Quarterly Journal, YT, Channel, GDP, Standard, Effect, Federal, Cost, Christian Social Union (UK), Journal of Econometrics, Comm, Mark Gertler, Use, Economic statistics, IW, Bank for International Settlements, Finance Secretary (India), UC, Bank, Reproduction, Section, News, Housing, Data, Food industry

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Consumer participation in the credit market during the COVID-19 pandemic and beyond

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Martedì, Aprile 2, 2024

Tax, BLS, Face, La Cava, Liquidity, Journal of Economic Perspectives, Special, MRO, Recovery, Next Generation, Child, Interview, Transport, Attanasio, Consumer behaviour, DFR, Research Papers in Economics, Post-Keynesian economics, Gross domestic product, .177 caliber, Great Moderation, European Commission, Vaccine, Employment, Loan, PDF, Hall, House, ECB, Unemployment, Risk, Shock, Education, Rutgers University Press, Quarterly Journal, Policy, Real estate economics, EU Council, Woman, HHS, World Health Organization, Section 4, Clutch (eggs), MIT Press, Omicron, De Nederlandsche Bank, Social science, Federal Reserve Bank, Modigliani, EDS, JEL, Christian Social Union (UK), Female, Section 3, COVID-19, The Journal of Finance, Journal, Classification, News, Journal of Monetary Economics, Oxford Economic Papers, Death, Insurance, Journal of Economics, FRB, FED, Credit, HFCS, Economy, Deficit reduction, Vaccination, Princeton University Press, Literature, CES, Application, University of Oxford, Paper, R.E, Quarterly Journal of Economics, Section 2, European Central Bank, Civil service commission, C23, COVID, Conference, European Council, Central bank, Lifting, HH, Political economy, Consumer confidence index, European Parliament, MIT, RRF, Monetary economics, Household, Perception, Section 5, Bank, Structure, Reproduction, Website, HICP, Aimé Dossche, Working paper, Housing, Cambridge, Massachusetts, Heart, Fabbri, American Economic Review, Partner, Data, Collection, Probability, Government, Real estate

We find that credit demand is highest when

Key Points:

We find that credit demand is highest when
the first lockdown ends and it drops when supportive monetary compensation schemes are implemented.
Credit is more likely to be
accepted under favourable borrowing conditions and after the approval of national recovery plans.
We also find
that demographic, economic factors, perceptions and expectations are associated with the demand for credit and
the credit grant.
First, it adds to a rapidly growing literature on household
borrowing behaviour during the COVID-19 pandemic; see, for example, Ho et al.
We provide evidence that credit applications and credit acceptances display a different pattern over
time.
Credit is more likely to be accepted under favourable borrowing conditions and after the
approval of national recovery plans.
In almost all countries
households are significantly less likely to apply and to get their credit approved than in Germany.
In line with literature, we show that
demographic and economic factors affect the probability for credit applications and credit approval.
In addition,
the paper shows that consumer perceptions and expectations matter when they decide to apply for credit.
Introduction
The participation of households in the credit market receives wide attention in the consumer finance literature
because consumer credit enters the monetary policy transmission mechanism through the so-called ?credit
channel?: changes in credit demand and supply have an effect on consumers' spending and investment, which in
turn affect economic growth.
We use microdata from the ECB?s Consumer Expectations Survey (hereinafter CES), a survey that
measures consumer expectations and behaviour in the euro area.
Its panel dimension allows for an assessment of
how consumer behaviour changes over time and how consumers respond to critical economic shocks.
This way we can gauge how credit applications and credit acceptances change under different, almost
opposite, borrowing conditions.
We also distinguish between the demand for long-term secured loans (mortgages) and for short-term
uncollateralized loans (consumer loans).
ECB Working Paper Series No 2922
3

We use probit models to estimate the probability of the consumer to apply for credit and the credit being granted.
The rate peaks in 2020Q3 which reflects the rebound in the demand for loans when the first lockdown ended.
In almost all countries households are significantly less likely
to apply and to get their credit approved than in Germany.
However,
when it comes to credit acceptance, we observe that the two groups of households are more similar.
Finally, we find some heterogeneity with respect to the type of credit, particularly between secured and unsecured
debt.
The demand for
consumer credit is insignificant for liquid households and decreases significantly for constrained households in
the last two quarters of our timespan.
The first consists of a recently growing literature which
explores consumer behaviour in the credit market during the COVID-19 pandemic, mostly in the United States.
Sandler and Ricks (2020) show that consumers did not use credit card debt for financial liquidity in the early stage
of the COVID-19 pandemic.
(2020) report that credit card applications and new mortgage loans
declined during the first months of the pandemic in regions with more unemployment insurance claims.
Lu and
Van der Klaauw (2021) show that there was a sharp drop in consumer credit demand, especially for credit cards.
(2022) document that there was a substantial decrease in the usage of credit cards and home equity lines
of credit by Canadian consumers.
Our paper is also consonant with studies on the association between financial and demographic factors and
consumers? participation in the credit market as well as on the demand for specific types of credit.
January 2020 ? October 2020 - The two main events are the outbreak of the COVID-19 pandemic and the
consequential lockdowns in the euro area.
4 If the
respondent has applied for more than one type of credit, she is asked to refer to the most recent credit application.
Between 2021Q3 and 2022Q3 the acceptance
rate stays above the average values, mirroring the easing of credit standards for consumer credit and other lending
to households during this period.
Second, we can investigate the presence of nonlinearities in how liquidity and the credit type interact in explaining credit applications.
(2023) ? who show that in the United States the local pandemic severity had a strong
negative effect on credit card spending early in the pandemic, which diminished over time.
First, we select mortgages and consumer credit as the two mostly reported categories for secured and
13

The full estimation results are reported in Table 3.
The right-hand side panel of Figure 6 shows that the demand for consumer credit is insignificant for both liquid
and illiquid households.
It also shows that
subjective perceptions of credit access, financial concerns and expectations on interest rates matter for the demand
for credit.
In Bertola, G., Disney
R., and Grant, C. (eds) The Economics of Consumer Credit, Cambridge MA, MIT Press.
Horvath, A., Kay, B. and Wix, C. (2023) The COVID-19 shock and consumer credit: Evidence from credit card
data.
Magri, S. (2007) Italian households? debt: The participation to the debt market and the size of the loan.

Capital City Bank Group, Inc. Reports Fourth Quarter 2023 Results

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Martedì, Gennaio 23, 2024

FED, FDIC, CCHL, Trust, Policy, Bank, Tangibility, Insurance, HFI, Sale, Investment, Federal Home Loan Banks, NOW, Capital, Growth

For the fourth quarter of 2023, our cost of funds was 73 basis points, an increase of 7 basis points over the third quarter of 2023 and an increase of 42 basis points over the fourth quarter of 2022.

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For the fourth quarter of 2023, our cost of funds was 73 basis points, an increase of 7 basis points over the third quarter of 2023 and an increase of 42 basis points over the fourth quarter of 2022.
We recorded a provision for credit losses of $2.0 million for the fourth quarter of 2023 compared to $2.4 million for the third quarter of 2023 and $3.6 million for the fourth quarter of 2022.
Noninterest income for the fourth quarter of 2023 totaled $17.1 million compared to $16.7 million for the third quarter of 2023 and $15.3 million for the fourth quarter of 2022.
Noninterest expense for the fourth quarter of 2023 totaled $40.0 million compared to $39.1 million for the third quarter of 2023 and $39.3 million for the fourth quarter of 2022.

Nano Dimension Announces Breakthrough in Materials Critical for Additively Manufactured Electronics

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Martedì, Novembre 14, 2023

3D printing, Electronics, Productronica, FED, Science, AME, Conference, IPC, Material, GxP, Nightclub

Waltham, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a breakthrough in the development of a material that is a critical enabler for the advancement of additively manufactured electronics (AME).

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The Material Will be Showcased at the Productronica Event in Munich, Germany, November 14-17
Waltham, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a breakthrough in the development of a material that is a critical enabler for the advancement of additively manufactured electronics (AME).
Materials, which are commonly known as consumables, are an important factor in the success of additive manufacturing at industrial scale.
The functionality of the materials and their acceptance according to industry standards are both critical.
Nano Dimension’s materials breakthrough is the result of a concerted effort by the Company, which has made materials science and development a core focus of its resource allocation strategy.

Capital City Bank Group, Inc. Reports Third Quarter 2023 Results

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Martedì, Ottobre 24, 2023

Our net interest margin for the third quarter of 2023 was 4.02%, a decrease of three basis points from the second quarter of 2023 and an increase of 71 basis points over the third quarter of 2022.

Key Points:

Our net interest margin for the third quarter of 2023 was 4.02%, a decrease of three basis points from the second quarter of 2023 and an increase of 71 basis points over the third quarter of 2022.
We recorded a provision for credit losses of $2.4 million for the third quarter of 2023 compared to $2.2 million for the second quarter of 2023 and $2.1 million for the third quarter of 2022.
Noninterest income for the third quarter of 2023 totaled $20.2 million compared to $22.9 million for the second quarter of 2023 and $22.9 million for the third quarter of 2022.
Noninterest expense for the third quarter of 2023 totaled $41.6 million compared to $42.5 million for the second quarter of 2023 and $39.8 million for the third quarter of 2022.

ZAGG Introduces Screen and Case Protection for the new Google Pixel 8 and Pixel 8 Pro Smartphones, and Pixel Watch 2

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Mercoledì, Ottobre 4, 2023

AT&T, Life, AT, Graphene, Pixel, EZ, Aviation, Table tennis rubber, Forest, SALT, TPU, 2000s, Plant, Zagg, Luxé, Pixel Watch, Diamond, Verizon Communications, Glass, Growth, Crystal Palace, DEM, FSC, FED, Television

ZAGG InvisibleShield® screen protectors and ZAGG cases will bear the “Made for Google™” badge, indicating they have been designed by ZAGG for use with the Pixel 8 and Pixel 8 Pro smartphones and Pixel Watch 2 and have been certified to meet Google’s compatibility standards.

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ZAGG InvisibleShield® screen protectors and ZAGG cases will bear the “Made for Google™” badge, indicating they have been designed by ZAGG for use with the Pixel 8 and Pixel 8 Pro smartphones and Pixel Watch 2 and have been certified to meet Google’s compatibility standards.
“We’re excited to introduce our latest accessories designed exclusively for the Google Pixel 8, Pixel 8 Pro, and Pixel Watch 2,” said Brad Bell, senior vice president of global marketing for ZAGG.
ZAGG InvisibleShield and ZAGG cases for the Pixel 8, Pixel 8 Pro, and Pixel Watch 2 are available today on ZAGG.com, at ZAGG franchise locations, and Verizon, AT&T, and Best Buy retail stores nationwide.
1 selling brand for smartphone screen protection in the U.S. and has set the industry standard for screen protection.

ZAGG Introduces XTR3 Screen Protection and Graphene-Infused Cases for iPhone 15 Range of Smartphones

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Martedì, Settembre 12, 2023

SALT LAKE CITY, Sept. 12, 2023 (GLOBE NEWSWIRE) -- ZAGG ®, the global leader in accessories and technologies that empower mobile lifestyles, today announced XTR3 screen protection and protective cases infused with Graphene, one of the strongest materials on earth.1 The new screen protectors and cases are available for iPhone 15 , iPhone 15 Plus , iPhone 15 Pro , and iPhone 15 Pro Max .

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SALT LAKE CITY, Sept. 12, 2023 (GLOBE NEWSWIRE) -- ZAGG ®, the global leader in accessories and technologies that empower mobile lifestyles, today announced XTR3 screen protection and protective cases infused with Graphene, one of the strongest materials on earth.1 The new screen protectors and cases are available for iPhone 15 , iPhone 15 Plus , iPhone 15 Pro , and iPhone 15 Pro Max .
Glass XTR3 also includes an anti-dust adhesive that installs smoothly over most dust, so it disappears on your screen.
“ZAGG screen protectors and cases exist where strength meets innovation and redefine the meaning of mobile phone protection,” said Brad Bell, senior vice president of global marketing for ZAGG.
1 selling brand for smartphone screen protection in the U.S. and has set the industry standard for screen protection.