Recovery | Jotup

CEX.IO’s Mark Taylor, Global Head of Financial Crime to Join Panel Organized by C5

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화요일, 4월 23, 2024

Crypto, Decentralized finance, Public sector, Recovery, Ecosystem, Fraud, C5, Financial crime, Private, Environment, Database, The Fight, Cryptocurrency

Panelists will explore successful attempts at digital asset recovery, and reveal the necessary levers required for cross-platform and multi-jurisdictional collaboration to assist in these efforts.

Key Points:

Panelists will explore successful attempts at digital asset recovery, and reveal the necessary levers required for cross-platform and multi-jurisdictional collaboration to assist in these efforts.
The panel will take place on Friday, 26 April from 12:45 - 13:30 at The Millennium Gloucester Hotel, 4-18 Harrington Gardens, South Kensington, London.
“For too long, bad actors have felt empowered to exploit undefined parameters in the crypto ecosystem, often at the disadvantage of unsuspecting participants,” Taylor said.
Launched by C5 , Crypto and Digital Asset Fraud & Recovery aims to unite people power with data-driven solutions in an effort to build more harmonious online spaces.

Bardavon Sets a New Standard for Workers’ Compensation with Launch of Recovery+

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화요일, 4월 30, 2024

Bardavon , a leading workers’ compensation and musculoskeletal (MSK) health company, announced today the launch of Recovery+ , an industry-leading health coaching platform designed to expedite recovery and enhance the return-to-work process for injured workers.

Key Points:

Bardavon , a leading workers’ compensation and musculoskeletal (MSK) health company, announced today the launch of Recovery+ , an industry-leading health coaching platform designed to expedite recovery and enhance the return-to-work process for injured workers.
Recovery+ is now part of Bardavon's PT/OT network offering , actively being adopted by existing clients and available for new clients.
Through the Recovery+ program, injured workers receive personalized text messages from a dedicated Recovery Coach assessing patient-reported outcomes (PROs) and delivering workers’ compensation and injury-specific education.
This helps identify biopsychosocial factors such as pain, movement dysfunction, fear, and anxiety, enabling Recovery Coaches to offer tailored support.

Sterling Bancorp Reports First Quarter 2024 Financial Results

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수요일, 4월 24, 2024

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B.

Key Points:

Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B.
(the “Bank”), today reported its unaudited financial results for the first quarter ended March 31, 2024.
“Sterling’s first quarter of 2024 financial results are essentially break-even and are consistent with our plan to protect both book value and liquidity during this period of financial uncertainty.
Excluding insurance proceeds received in the fourth quarter of 2023, our professional fees in the first quarter of 2024 declined from the fourth quarter of 2023.

Kroll Expands Global Restructuring Team with Addition of Angela Barkhouse as Head of Offshore Restructuring Business

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금요일, 4월 12, 2024

Consulting, Legal, Professional Services, Finance, Recovery, Insolvency, RISA, ACCA, Cayman Islands, Corruption, Accountant, Barkhouse, British Virgin Islands, Fraud, Financial services

Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.

Key Points:

Kroll , the leading independent provider of global risk and financial advisory solutions, announced today the expansion of its Restructuring practice with the appointment of Angela Barkhouse.
Barkhouse will lead Kroll’s Offshore Restructuring business internationally and co-lead Kroll’s Cayman Islands and British Virgin Islands operations with Mitchell Mansfield.
Barkhouse’s appointment will also allow Mansfield to further develop Kroll’s growing Funds and Asset Management practice around the world.
Cosimo Borrelli, Managing Director and Co-Head of Restructuring at Kroll, said: “Mitchell and I are delighted to welcome Angela to Kroll.

The reformed EU fiscal framework – potential macroeconomic implications for the euro area

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목요일, 4월 25, 2024

Following the European Commission’s legislative proposals of April 2023, the ECOFIN Council reached an agreement on the reform of the fiscal rules underpinning the EU Stability and Growth Pact (SGP) on 20 December 2023.

Key Points:

Following the European Commission’s legislative proposals of April 2023, the ECOFIN Council reached an agreement on the reform of the fiscal rules underpinning the EU Stability and Growth Pact (SGP) on 20 December 2023.
This box provides a preliminary assessment of the potential macroeconomic effects of the EU fiscal framework reform over the horizon of the March 2024 ECB staff macroeconomic projections for the euro area.

Newmont Completes $20 Million Global Community Support Fund, Partnering with Communities for Greater Resilience Post-Pandemic

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금요일, 4월 5, 2024

The objective of this fund was to provide critical financial resources to host communities where Newmont operates, targeting funds to address immediate impacts of the global pandemic while catalyzing long-term resiliency and future community development.

Key Points:

The objective of this fund was to provide critical financial resources to host communities where Newmont operates, targeting funds to address immediate impacts of the global pandemic while catalyzing long-term resiliency and future community development.
$500,000 donation matched by the Colorado Health Foundation resulting in a $1 million total donation to the Colorado Community Support Fund to support community health and prevention for underserved populations in the state.
$300,000 donated to the American Red Cross Global Disaster Preparedness Center to support research and local-level grants for emergency response community resilience.
Crown Agents is proud to collaborate with Newmont and the Ministry of Health to contribute to the health and resilience of Suriname."

IDrive Backup Adds Cloud-to-Cloud Backup for Google Personal Account Data

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목요일, 3월 28, 2024

BMW iDrive, Google Drive, Risk, TB, Recovery, AES, Computer data storage

LOS ANGELES, March 28, 2024 /PRNewswire/ -- IDrive Backup , an award winning cloud backup service offering, has introduced cloud-to-cloud IDrive Backup for Google personal accounts , enabling users to safeguard all of the critical data that resides in their Google suite of products.

Key Points:

LOS ANGELES, March 28, 2024 /PRNewswire/ -- IDrive Backup , an award winning cloud backup service offering, has introduced cloud-to-cloud IDrive Backup for Google personal accounts , enabling users to safeguard all of the critical data that resides in their Google suite of products.
By incorporating Google personal backup into the service, IDrive Backup now offers seamless backup and protection for Google personal accounts, ensuring that users can secure their valuable Google data with ease.
Direct Backup and Recovery - Restore backed-up Google data directly from IDrive without having any dependency on your Google account.
IDrive backup provides comprehensive data protection, ensuring that all personal Google data is backed up, and eliminating the risk of accidental deletion, ransomware attacks, or service outages.

EU Commission to fund first ever private 5G network to enable wireless wearable technologies at an operating European Hospital

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화요일, 3월 26, 2024

LONDON, March 26, 2024 /PRNewswire/ -- Boldyn Networks (Boldyn), the University of Oulu, Oulu University Hospital, and WICOAR Technologies, have received the official funding decision by the European Commission in the CEF Digital1 program for their "Hola 5G Oulu" project. Working together as a consortium the four parties will collaborate to bring a private 5G network to Oulu University Hospital and enable wireless wearable solutions for more efficient patient care. The network is considered the first ever private 5G network to be deployed at an operating hospital in Europe.

Key Points:

A private 5G network will be the foundation for wireless wearable technologies at Oulu University Hospital in Finland.
Working together as a consortium the four parties will collaborate to bring a private 5G network to Oulu University Hospital and enable wireless wearable solutions for more efficient patient care.
The network is considered the first ever private 5G network to be deployed at an operating hospital in Europe.
By establishing the first private 5G network within a functioning hospital, the project lays the groundwork for secure, efficient patient care through innovative wearable technologies.

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

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화요일, 4월 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.

Asana Recovery Implements New Business Operations System and Aims to Help 5,000 Families to Beat Addiction by 2028

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목요일, 3월 7, 2024

EOS, Entrepreneurship, Growth, Patient, Traction, Recovery, Nursing

COSTA MESA, Calif., March 7, 2024 /PRNewswire-PRWeb/ -- Southern California health care organization, Asana Recovery, has implemented the Entrepreneurial Operating System (EOS) to secure its position as a trusted and leading recovery facility and in support of its five-year goal to help 5,000 families beat addition by 2028.

Key Points:

Asana Recovery, a California addiction treatment program, has implemented the Entrepreneurial Operating System (EOS) as it positions itself as a leading facility for addiction treatment and aims to help 5,000 families beat addiction by 2028.
- Tiffany Abola, EOS Implementer for Asana Recovery
EOS is a business management system that is implemented to improve an organization's systems and processes.
Asana Recovery was established in 2017 as a small addiction recovery organization in Costa Mesa with one location.
Six years later, Asana Recovery operates six facilities, admitted nearly 2,000 patients to help overcome addiction.