Board of directors

Frank Elderson: Maintaining prudence when navigating unexpected tides and firming currents

Retrieved on: 
Saturday, November 26, 2022

Indeed, these were some of the main considerations when assessing the macroeconomic outlook in the euro area exactly one year ago.

Key Points: 
  • Indeed, these were some of the main considerations when assessing the macroeconomic outlook in the euro area exactly one year ago.
  • Today, a mild recession in the euro area around the turn of the year is quite plausible, as ECB President Christine Lagarde recently highlighted.
  • [1] Today, we face euro area inflation that continues to be far too high, having reached double digits in October.
  • Today, long-term interest rates in the euro area are around 2.5 percentage points higher than when I was first due to speak to you last year.
  • Today, as Bundesbank President Joachim Nagel said just last week, - muss die Geldpolitik auf der Hut sein.
  • The increase in interest rates reflects several steps in the monetary policy normalisation which the ECB started in December 2021.
  • As both an ECB Executive Board member and the Vice-Chair of the ECBs Supervisory Board, I am particularly interested in how banks adjust to the shifting macroeconomic tides.
  • More importantly, banks and we as supervisors need to be mindful that the increase in interest rates does not occur in isolation.
  • [3] Moreover while the macroeconomic tides may have changed, many of the structural challenges facing banks have not.
  • Indeed, the underlying currents which banks were already affected by last year, are still very much present.
  • In fact, important currents have even firmed with the change in tides.
  • While the prevailing macroeconomic tides and the inescapable currents of the climate and environment crises may have different causes, they nevertheless have something important in common.
  • This is especially true when assessing the configuration of tides and currents in conjunction, in other words, when assessing how the macroeconomic environment and the climate and environmental crises interact.

Philip R. Lane: Interview with Market News

Retrieved on: 
Saturday, November 26, 2022

I think for 2023 the teams involved would have to take into account a number of factors.

Key Points: 
  • I think for 2023 the teams involved would have to take into account a number of factors.
  • And in terms of fiscal policy, it looks like fiscal deficits are wider than foreseen in the September projection.
  • There's been a big jump in the yield curve and it's starting to pass through to bank lending conditions.
  • So for those years the forecast will have to balance the fact that inflation has a knock-on effect, for example, on the wage mechanism.
  • This year weve had a very large increase in the price level, so there's been a very big drop in living standards.
  • And as I said earlier on: it's going to be stronger than the historical average, because workers will be trying to rebuild living standards.
  • But how much and for how long labour costs will contribute to domestic inflation remains open and is a source of high uncertainty.
  • But there is a very important feedback loop here, which is also relevant for the decisions by firms.
  • Firms should be careful about excessively raising mark-ups, and workers should be careful about what a sustainable wage increase is.
  • There is an important interaction between what we do and how these price and wage decisions are set.
  • We said in our recent meetings and we did so again in October that we expect to raise rates further.
  • In December we will make another hike and the scale of it should continue to make progress towards the levels needed.
  • But the more you've already done on a cumulative basis, that changes the pros and cons of any given increment.
  • Clearly, theres a connection: the higher the level of the interest rate, the smaller the remaining gap to the target rate.
  • But the market does expect some degree of runoff of the APP, and that is already reflected in the yield curve.
  • But the labour market has two margins at the moment: one is unemployment, the other is vacancies.
  • I do think, by and large, across all types of surveys and market indicators, people believe that over a longer horizon, inflation will get back to 2 per cent.
  • *Across the euro area, corporate profits are soaring at the same time as an increasing number of households and businesses are struggling.
  • The message here is not so much for those firms but for the firms where mark-ups are currently high.

HANZA AB (publ) successfully completes a directed new share issue of 3,500,000 shares and raises proceeds of approximately SEK 147 million

Retrieved on: 
Thursday, November 17, 2022

Through the Directed New Share Issue, HANZA will receive proceeds amounting to approximately SEK 147 million before transaction related costs (of which SEK 10.5 million will be paid later and is conditioned by an approval from an extraordinary general meeting).

Key Points: 
  • Through the Directed New Share Issue, HANZA will receive proceeds amounting to approximately SEK 147 million before transaction related costs (of which SEK 10.5 million will be paid later and is conditioned by an approval from an extraordinary general meeting).
  • Through the Directed New Share Issue, HANZA will receive proceeds amounting to approximately SEK 147 million, before transaction related costs (of which SEK 10.5 million will be paid later and is conditioned by an approval from an extraordinary general meeting).
  • The Directed New Share Issue, less the allocation to Frna Invest AB, comprises 3,250,000 new shares at a subscription price of SEK 42.00 per share and the Company will hereby receive approximately SEK 136.5 million before transaction related costs.
  • The Directed New Share Issue entails a dilution of approximately 8.9 percent based on the total number of shares in HANZA after the Directed New Share Issue.

ALBERT RODRIGUEZ, PRESIDENT & COO OF SPANISH BROADCASTING SYSTEM IS INDUCTED TO THE AMERICAN ADVERTISING FEDERATION (AAF)

Retrieved on: 
Wednesday, November 16, 2022

MIAMI, Nov. 16, 2022 /PRNewswire/ --Spanish Broadcasting System, Inc. (the "Company" or "SBS") (OTC Pink: SBSAA) announced today that Albert Rodriguez, President & Chief Operating Officer has been inducted to the American Advertising Federation (AAF).

Key Points: 
  • MIAMI, Nov. 16, 2022 /PRNewswire/ --Spanish Broadcasting System, Inc. (the "Company" or "SBS") (OTC Pink: SBSAA) announced today that Albert Rodriguez, President & Chief Operating Officer has been inducted to the American Advertising Federation (AAF).
  • With the induction into the AAF, Mr. Rodriguez has demonstrated his leadership abilities in the field of technology and advertising.
  • Throughout his career, he has promoted and celebrated diversity in advertising and has helped address many community issues.
  • "The AAF is excited to add Spanish Broadcasting System to our roster of World Class Corporate Members which includes the Nation's most recognizable Brands, Agencies, Media Companies, AdTech & MarTech and Social Media.

Kulicke & Soffa Raises Quarterly Dividend

Retrieved on: 
Wednesday, November 16, 2022

SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.19 per share of common stock, representing a $0.02 increase over its most recent dividend. This dividend raise marks the third annual sequential dividend increase and highlights the Company's consistent shareholder return strategy. This upcoming dividend payment will be made on January 9, 2023 to holders of record as of December 22, 2022.

Key Points: 
  • Quarterly Dividend Increased by $0.02, to $0.19
    SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.19 per share of common stock, representing a $0.02 increase over its most recent dividend.
  • This dividend raise marks the third annual sequential dividend increase and highlights the Company's consistent shareholder return strategy.
  • This upcoming dividend payment will be made on January 9, 2023 to holders of record as of December 22, 2022.
  • Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets.

Cboe Global Markets Declares Fourth-Quarter 2022 Dividend

Retrieved on: 
Wednesday, November 16, 2022

CHICAGO, Nov. 16, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock for the fourth quarter of 2022.

Key Points: 
  • CHICAGO, Nov. 16, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock for the fourth quarter of 2022.
  • The fourth-quarter 2022 dividend is payable on December 15, 2022, to stockholders of record as of November 30, 2022.
  • Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world.
  • Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific.

SS&C Announces Common Stock Dividend of $0.20 Per Share

Retrieved on: 
Wednesday, November 16, 2022

WINDSOR, Conn., Nov. 16, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.20 per share, consistent with its quarterly dividend policy.

Key Points: 
  • WINDSOR, Conn., Nov. 16, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.20 per share, consistent with its quarterly dividend policy.
  • The dividend is payable on December 15, 2022, to stockholders of record as of the close of business on December 1, 2022.
  • SS&C is a global provider of services and software for the financial services and healthcare industries.
  • Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Retrieved on: 
Wednesday, November 16, 2022

CARMEL, Ind., Nov. 16, 2022 /PRNewswire/ --Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2022, in each case to shareholders of record on December 15, 2022, payable on January 3, 2023:

Key Points: 
  • CARMEL, Ind., Nov. 16, 2022 /PRNewswire/ --Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2022, in each case to shareholders of record on December 15, 2022, payable on January 3, 2023:
    Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.
  • Merchants Bancorp, with $12.0 billion in assets and $10.3 billion in deposits as of September 30, 2022, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Farmers-Merchants Bank of Illinois, Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
  • For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com .
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/merchants-bancorp-declares-quar...

THE AMERICAN ADVERTISING FEDERATION (AAF), TOGETHER WITH IHEARTMEDIA AND KNOWN, LAUNCH NEW PODCAST SERIES, "FUTURE LEGENDS OF ADVERTISING"

Retrieved on: 
Wednesday, November 16, 2022

WASHINGTON, Nov. 16, 2022 /PRNewswire/ -- The American Advertising Federation (AAF), the "unifying voice for advertising," announced today the launch of a new podcast series – "Future Legends of Advertising" – co-produced by iHeartMedia and Known. The podcast is being launched on the occasion of the 30th anniversary of the AAF Advertising Hall of Achievement (AHOA) and will pair advertising luminaries with this year's AHOA inductees in an eight-part series that will explore issues of interest to the industry.  Among the topics to be explored:  branded content, data science, DEI and social impact, the war for talent, public service, the future of the CMO and more. 

Key Points: 
  • WASHINGTON, Nov. 16, 2022 /PRNewswire/ -- The American Advertising Federation (AAF), the "unifying voice for advertising," announced today the launch of a new podcast series "Future Legends of Advertising" co-produced by iHeartMedia and Known.
  • Season one of the eight-part series will debut today, concurrent with this year's 30th anniversary induction ceremonies for the AAF Advertising Hall of Achievement.
  • The new 'Future Legends of Advertising' podcast series will bring both of these promises to life."
  • Established in 1905, the American Advertising Federation ( https://aaf.org ) acts as the "Unifying Voice for Advertising."

Analytic Partners Welcomes SiriusXM Chief Marketing Officer and Former IHS Markit Executive Vice President to its Board of Directors

Retrieved on: 
Wednesday, November 16, 2022

MIAMI, Nov. 16, 2022 /PRNewswire/ -- Analytic Partners , the leader in commercial mix analytics, announced today the appointment of Denise Karkos, chief marketing officer at SiriusXM, and Todd Hyatt, former executive vice president, and chief financial officer of IHS Markit, to its board of directors.

Key Points: 
  • MIAMI, Nov. 16, 2022 /PRNewswire/ -- Analytic Partners , the leader in commercial mix analytics, announced today the appointment of Denise Karkos, chief marketing officer at SiriusXM, and Todd Hyatt, former executive vice president, and chief financial officer of IHS Markit, to its board of directors.
  • She earned a BBA in Marketing from the University of Notre Dame and is a member of the Asurion Board of Directors.
  • Todd Hyatt is the former executive vice president and CFO for IHS and IHS Markit.
  • "I am delighted to be joining Analytic Partners' Board of Directors," said Hyatt.