Citibank

Lowey Dannenberg, P.C. Announces an Additional Settlement for Those Who Have Transacted in Euroyen-Based Derivatives Between January 1, 2006 through June 30, 2011

Retrieved on: 
Thursday, March 21, 2024
Barclays, J. P. Morgan, Agreement, Hearing, JPMorgan Chase, E pluribus unum, HSBC (United Kingdom), HSBC Bank, HSBC, American Bankers Association, Bank, TP ICAP, Chase Bank, Singapore Exchange, UBS AG, Sumitomo Mitsui Banking Corporation, Class, Lawyer, Interbank, Citibank, National Association, Person, Citigroup, Fairness, Tokyo Financial Exchange, Negotiation, GBD, Mitsubishi Group, District court, UBS, Defendant, Vexatious litigation, Knowledge, Settlement, Resona Holdings, TP, Norinchukin Bank, Shinkin Central Bank, TFX, Prior, Government, Société Générale, Plaintiff, Notice, CME, Conspiracy theory, Chicago Mercantile Exchange, ICAP, Court

The Settlement will provide an additional $35,000,000 to pay claims from persons who transacted in Euroyen-Based Derivatives from January 1, 2006 through June 30, 2011, inclusive.

Key Points: 
  • The Settlement will provide an additional $35,000,000 to pay claims from persons who transacted in Euroyen-Based Derivatives from January 1, 2006 through June 30, 2011, inclusive.
  • Before any money is paid, the Court will hold a Fairness Hearing to decide whether to approve the Settlement.
  • Contact your brokerage firm to see if you purchased, sold, held, traded, or otherwise had any interest in Euroyen-Based Derivatives.
  • These payments will also be deducted from the Settlement Fund before any distributions are made to the Settlement Class.

Resolutions by Stora Enso Oyj's Annual General Meeting and the organising meeting of the Board of Directors

Retrieved on: 
Thursday, March 21, 2024
Remuneration, Stora Enso, EUR, Employment, Congress Center, Finance, FAM AB, ADR, Euroclear, AGM, FAM, Shareholder, Audit committee, OTCQX, Citibank, Legislation, Sustainability, APA, STE, Management

HELSINKI, March 21, 2024 /PRNewswire/ -- Stora Enso Oyj's ("Stora Enso" or the "Company") Annual General Meeting (the "AGM") was held on 20 March 2024 at Marina Congress Center in Helsinki, Finland. The AGM adopted the accounts for 2023, adopted the remuneration report for 2023 through an advisory resolution and granted the Company's Board of Directors and Chief Executive Officer discharge from liability for the period.

Key Points: 
  • The Company will publish possible resolutions of the Board of Directors on dividend payments and confirm the record and payment dates of the dividend payments in connection with such resolutions.
  • The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the Board of Directors shall have eight (8) members.
  • In accordance with the proposal by the Shareholders' Nomination Board, the AGM resolved to elect Kari Jordan as Chair of the Board of Directors and Håkan Buskhe as Vice Chair of the Board of Directors.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Resolutions by Stora Enso Oyj's Annual General Meeting and the organising meeting of the Board of Directors

Retrieved on: 
Wednesday, March 20, 2024
Remuneration, Stora Enso, EUR, Employment, Congress Center, Finance, FAM AB, ADR, Euroclear, AGM, FAM, Shareholder, Audit committee, OTCQX, Citibank, Legislation, Sustainability, APA, STE, Management

HELSINKI, March 20, 2024 /PRNewswire/ -- Stora Enso Oyj's ("Stora Enso" or the "Company") Annual General Meeting (the "AGM") was held on 20 March 2024 at Marina Congress Center in Helsinki, Finland. The AGM adopted the accounts for 2023, adopted the remuneration report for 2023 through an advisory resolution and granted the Company's Board of Directors and Chief Executive Officer discharge from liability for the period.

Key Points: 
  • The Company will publish possible resolutions of the Board of Directors on dividend payments and confirm the record and payment dates of the dividend payments in connection with such resolutions.
  • The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the Board of Directors shall have eight (8) members.
  • In accordance with the proposal by the Shareholders' Nomination Board, the AGM resolved to elect Kari Jordan as Chair of the Board of Directors and Håkan Buskhe as Vice Chair of the Board of Directors.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Fintech Platform Xalts to Build "Plaid for Trade" as It Acquires Contour Network from a Consortium of Global Banks

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, Citibank, Contour, Silicon, Communication, Accel, Meta, Citigroup, HSBC, Cryptocurrency

Contour Network connects global banks to global businesses. Xalts will launch an application ecosystem for embedded trade finance solutions on top of Contour's rails.

Key Points: 
  • Contour started in 2017 as a pilot by eight global banks with a focus to digitize trade.
  • Currently, over 22 banks and 100+ global businesses use Contour for digital trade finance solutions.
  • These will enable banks, logistics companies and technology companies to offer integrated solutions to businesses, using a single platform.
  • Many global and regional banks have been making a push for deeper integrations with their clients and global platforms.

GTreasury Extends Global Banking API Connectivity Suite into APAC

Retrieved on: 
Monday, March 11, 2024
CFO, BNP Paribas, Standard Chartered, Deutsche Bank, API, Risk management, Bank, DBS, Treasury, Citibank, OCBC, ICBC, Wells Fargo, UOB, Société Générale, ERPs, Goldman Sachs, PNC, Barclays, HSBC, Bank of America, JPMorgan Chase

SYDNEY, Australia, March 11, 2024 (GLOBE NEWSWIRE) -- GTreasury , a treasury, payments, and risk management software provider, today announced that its award-winning ClearConnect Gateway—an extensive, out-of-the-box global bank API connectivity suite—has launched new and instant data integrations with several global banking partners.

Key Points: 
  • SYDNEY, Australia, March 11, 2024 (GLOBE NEWSWIRE) -- GTreasury , a treasury, payments, and risk management software provider, today announced that its award-winning ClearConnect Gateway—an extensive, out-of-the-box global bank API connectivity suite—has launched new and instant data integrations with several global banking partners.
  • ClearConnect Gateway offers comprehensive bank connectivity and a real-time treasury experience to accelerate enterprises’ revenue and time-to-market goals.
  • “For our corporate customers in the APAC region, real-time account data connectivity into ClearConnect Gateway is a huge win,” said Vincent Casanova, Managing Director, APAC, GTreasury.
  • “The addition of several large banking institutions in the region into our API connectivity suite —with more on the way—will significantly streamline the daily workflows for treasury organizations partnered with these banks.

Progress Announces Amended Credit Facility

Retrieved on: 
Thursday, March 7, 2024
Wells Fargo, PRGS, Citizens Bank, Bank, Growth, Chase Bank, Credit, Silicon, Progress, PNC Financial Services, Toronto-Dominion Bank, Citibank, Silicon Valley Bank, Bank of America, JPMorgan Chase

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) --  Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities. The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029. As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.  

Key Points: 
  • BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.
  • The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029.
  • As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.
  • Progress CFO Anthony Folger stated, “This new credit facility provides more scale and flexibility, both of which are important to support Progress’ continued growth.

Uniti Group Inc. Announces Completion of New ABS Bridge Facility and Recent Asset Sales

Retrieved on: 
Monday, February 26, 2024
Barclays, ROCK, Senior, National Association, ABS, Wilmington Trust, Sale, Adjustment, Citibank, UNIT, Security agreement, Facility, Recycling, Deutsche Bank

The ABS Borrower intends to cap Term SOFR for the duration of the Facility pursuant to an interest rate protection agreement.

Key Points: 
  • The ABS Borrower intends to cap Term SOFR for the duration of the Facility pursuant to an interest rate protection agreement.
  • The Facility will mature 18 months from the initial draw date and is subject to customary covenants.
  • The ABS Borrower intends to refinance the Facility in full with proceeds from a long-term ABS facility secured primarily by certain Uniti Fiber network assets.
  • As part of the agreement, Uniti will continue to have access to certain strands within the SwyftFiber network at zero-cost.

Northpath Investments Finalizes MetroShops Acquisition in Hyattsville, Maryland

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Senior, Bed, Sale, LA Fitness, Citibank, University, Loews Corporation, Housing, Prince

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Northpath Investments (“Northpath”) is pleased to announce the successful acquisition of MetroShops, a prominent 160,623-square-foot retail center located in the Washington, D.C. suburb of Hyattsville, Maryland.

Key Points: 
  • NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Northpath Investments (“Northpath”) is pleased to announce the successful acquisition of MetroShops, a prominent 160,623-square-foot retail center located in the Washington, D.C. suburb of Hyattsville, Maryland.
  • In conjunction with the acquisition, Northpath was able to secure a favorable fixed rate loan through Loews Corporation.
  • Built in 2007, MetroShops boasts a diverse tenant mix featuring nationally and regionally recognized brands such as Bob’s Discount Furniture, Staples, LA Fitness, Citibank, and Dunkin Donuts.
  • The center strategically benefits from cross-shopping synergies with the one-million square foot Mall at Prince George’s directly across Highway 410.

Acquisition of Freeline by Syncona Becomes Effective

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, ADS, Court, Registrar, Scheme, Computershare, Citibank, Effective date, Cryptocurrency

LONDON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Freeline Therapeutics Holdings plc (Nasdaq: FRLN) (“Freeline”) and Syncona Ltd (“Syncona”) today announced that, in connection with Syncona’s acquisition of Freeline by way of a scheme of arrangement (the “Scheme”), the Scheme has been sanctioned by the Court and the court order (together with a copy of the scheme circular published by Freeline on January 18, 2024 (the “Scheme Circular”) has been delivered to the Registrar of Companies.

Key Points: 
  • LONDON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Freeline Therapeutics Holdings plc (Nasdaq: FRLN) (“Freeline”) and Syncona Ltd (“Syncona”) today announced that, in connection with Syncona’s acquisition of Freeline by way of a scheme of arrangement (the “Scheme”), the Scheme has been sanctioned by the Court and the court order (together with a copy of the scheme circular published by Freeline on January 18, 2024 (the “Scheme Circular”) has been delivered to the Registrar of Companies.
  • Accordingly, the Scheme has become Effective in accordance with its terms and the entire issued share capital of Freeline is now owned or controlled by Syncona Portfolio Limited.
  • Capitalized terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Circular.
  • As the Scheme has now become Effective, Julia Gregory, Martin Andrews, Jeffrey Chodakewitz, Colin Love and Paul Schneider have stepped down from the Freeline Board.

Citi Ventures Backs Capstack Technologies, the First Integrated Bank-to-Bank Loan Marketplace Designed to Increase Profitability and Mitigate Asset Concentration Risk

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Data Management, Technology, Software, Finance, Fintech, Banking, Trans-Pecos, Citibank, Climate, McArdle, Growth, Risk, Customer, Citigroup, LLP, Silicon Valley Bank, Riffle, Movement, Head, Venture, Cryptocurrency

Capstack Technologies , the first bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures, marking a significant milestone in its mission to revolutionize banking technology.

Key Points: 
  • Capstack Technologies , the first bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures, marking a significant milestone in its mission to revolutionize banking technology.
  • Amidst a challenging investment climate, this funding is a testament to Capstack Technologies’ innovation following their successful $6 million fundraising last summer.
  • Capstack Technologies is leading the way with its "first bank-to-bank marketplace," promoting transparency, collaboration, and efficiency among small and medium-sized banks.
  • “Citi Ventures is committed to investing in companies that have the potential to drive our industry forward,” said Jeff Flynn, Director, Citi Ventures.