Financial system

Frank Elderson: “Know thyself” – avoiding policy mistakes in light of the prevailing climate science

Retrieved on: 
Thursday, April 18, 2024
European Convention, Reproduction, Failure, European Court, Face, Human rights, Frankfurt, Climate, United Nations, World Bank Group, Investment, Paris Agreement, International economics, Policy, Bank of Greece, Wildfire, Speech, Environment, United Nations Environment Programme, Science, ECB, Blog, Risk, Education, EIOPA, Communication, Drought, Ancient Greek, Climate change, Safety, Watcher, De Nederlandsche Bank, Procrastination, Depression, European Environment Agency, Green, Tourism, Knowledge, Research, Food, Private sector, Insurance, IPCC, Movement, European Central Bank, The, Temperature, Health, Uncertainty, Attention, Conference, Financial system, Supervisory board, Oracle, Bank, Fishery, Flood, Thought, DELFI, Water, World Bank, Persians, Government, International human rights law, Renewable energy

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

Feedback on the input provided by the European Parliament as part of its resolution on the ECB’s Annual Report 2022

Retrieved on: 
Thursday, April 18, 2024
Crypto, European banking union, Governance, Exercise, TARGET, Ciccarelli, Single, Climate, OJ, Ethics, Carbon, ECRB, Parliament, Council, European Systemic Risk Board, European Commission, Paris Agreement, Television, Annual, Letter, Speech, Employment, Social, ESRB, Euro, Prejudice, FSB, AML, ECB, Blog, Risk, ESCB, Committee, NGFS, Policy, Woman, Suggestion, Radio, GDP, Privacy, Weather, Person, Climate change, Communication, Digital, Intelligence, Economic and monetary union, SSM, Bias, Knowledge, Mentorship, EMU, Commission, Economy, Publication, Annual report, Financial Action Task Force, Orientation, Nickel, NPL, European Central Bank, Uncertainty, Financial Stability Board, Conference, NCBS, Treaty, Growth, Financial system, Central bank, European Parliament, Network, Natural Resources, COVID-19, Terrorism, Bank, Female, IMF, Multi-function printer, Recreation, Memorandum, Data, AMLA, Security printing

Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.

Key Points: 
  • Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.
  • Our work aims to enhance data transparency in climate change analysis, while informing monetary policy, financial stability and banking supervision.
  • The indicators we have developed focus on the euro area financial sector and are built from harmonised granular datasets.

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on: 
Thursday, March 28, 2024
CHIPS, Finance, Learning, Stasis, Financial services, Travel, ALL, Local, Routing, City, Parity, Senior management, TCH, Communication, Control, Fiat, Telecommunications, Policy, World War II, Person, RTAI, Station, Global Telecommunications System, Management, CIPS, Distribution, Old, Security, FX, Global financial system, Uber, Signal, Telephony, CLS Group, RTGS, IBAN, Comment, Financial system, Payment card, Wi-Fi, Paralysis, LCH, Local currency, Fedwire, CME, Global Operations, Centralisation, Century, Platform 1, Conversion, Cryptocurrency

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points: 
  • It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
  • Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
  • This situation is – and will be – impossible to alter without reform of the Global Financial System.
  • The Global Financial System functions like a railway network, with:
    A System of Railway Tracks on which all Carriages (i.e.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, March 18, 2024
Bank of America, American Express, Citigroup, J. P. Morgan, Financial system, Bank, JPMorgan Chase, BNY Mellon, PNC, Morgan Stanley, Goldman Sachs, SunTrust Banks, Wells Fargo, Regions Financial Corporation, State Street Corporation, Fifth Third Bank

TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable April 10, 2024 to shareholders on record as at March 28, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

US Financial 15 Split Corp. Extends Termination Date

Retrieved on: 
Tuesday, March 12, 2024
Bank of America, American Express, Citigroup, J. P. Morgan, Financial system, Bank, JPMorgan Chase, BNY Mellon, PNC, Prospectus, Morgan Stanley, Goldman Sachs, Truist Financial, Wells Fargo, Regions Financial Corporation, State Street Corporation, Fifth Third Bank, Security (finance)

TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further six year period from December 1, 2024 to December 1, 2030.

Key Points: 
  • TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further six year period from December 1, 2024 to December 1, 2030.
  • In connection with the extension, the Company will have the right to amend the dividend entitlement of the FTU.PR.B Preferred Shares (“Preferred Shares”) effective December 1, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., Truist Financial Corp., U.S. Bancorp, and Wells Fargo & Co.
  • Please read the Company’s publically filed documents which are available at www.sedar.com .

ZCG-Backed Unimed Appoints Simon Stadil as CFO

Retrieved on: 
Tuesday, April 2, 2024
Medical Supplies, Finance, Maritime, Transport, Banking, Professional Services, Health, Logistics, Supply Chain Management, Asset Management, Financial system, Growth, Ørsted (company), CFO, Copenhagen Business School, Knowledge, Welltec, Multimedia, Economics, Barclays, Silicon, Management

Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the appointment of Simon Stadil as Chief Financial Officer, effective April 1.

Key Points: 
  • Universal Marine Medical Supply International (“Unimed” or the “Company”), the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the appointment of Simon Stadil as Chief Financial Officer, effective April 1.
  • “I’m thrilled to welcome Simon to the Unimed management team.
  • He is an ambitious and driven leader with diverse finance experience,” said Søren Andersen, CEO of Unimed.
  • Mr. Stadil has a B.Sc in economics and business administration as well as an M.Sc in finance and management accounting from Copenhagen Business School.

Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24

Retrieved on: 
Monday, April 1, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Financial system, Central Time, Cryptocurrency

Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024.

Key Points: 
  • Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024.
  • Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, April 25, 2024, to discuss its financial results.
  • Analysts and institutional investors may participate in the question-and-answer session.

Scotiabank named Best Bank in Canada by Global Finance

Retrieved on: 
Tuesday, April 2, 2024
Financial system, Growth, Trust, Bank, Investment, Corporate governance, Development

TORONTO, April 2, 2024 /CNW/ - Scotiabank has been named the 2024 Best Bank in Canada by Global Finance magazine.

Key Points: 
  • TORONTO, April 2, 2024 /CNW/ - Scotiabank has been named the 2024 Best Bank in Canada by Global Finance magazine.
  • The Best Bank Awards recognize financial institutions that offer the broadest range of services, long-term reliability, and technological innovation.
  • "We are proud to have been recognized by Global Finance as the Best Bank in Canada," said Scott Thomson, President and Chief Executive Officer, Scotiabank.
  • "2023 was a foundational year for Scotiabank as we laid the groundwork to deliver profitable, sustainable growth over the long term.

Frank Elderson: Taking into account climate and nature in monetary policy and banking supervision around the world

Retrieved on: 
Wednesday, April 3, 2024
Reproduction, European Central Bank, Attention, Climate change, Risk management, Financial system, Supervisory board, Finance, BCBS, Central bank, FSB, Amazon, ECB, Risk, Flood, Frankfurt, Climate, Materiality, NGFS, Carbon footprint, News, Communication, Food, Nature, Mineral, Carbon, Biodiversity, Risk assessment, Banco, Data collection, Mouth, Water, Ecosystem, Drinking water, Wildfire, Cryptocurrency

This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.

Key Points: 
  • This box investigates how households have responded to the 2021-23 inflationary episode using evidence from the ECB’s Consumer Expectations Survey.
  • The findings suggest that households have primarily adjusted their consumption spending to cope with higher inflation.

Tapestry, Inc. Appoints Kevin Hourican and David Elkins to Board of Directors

Retrieved on: 
Thursday, February 29, 2024
Fashion, Other Retail, Luxury, Retail, Specialty, CFO, Acquisition, Kate Spade, BMY, AstraZeneca, CVS Health, Final good, Senior, Restaurant, Boeing, Multimedia, Pennsylvania State University, Drexel University, SYY, Record, Marketing, Health, Growth, Financial system, University, Business development, Bristol Myers Squibb, BMS, Pharmacy, Executive, Patient, CVS Pharmacy, CVS, Supply chain management, Medical device, Meal, Mid-Atlantic (United States), Management

The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.

Key Points: 
  • The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.
  • Kevin and David bring significant strategic and financial expertise, with successful track records of delivering innovation and disciplined global growth, including deep M&A experience.
  • Upon his appointment, Kevin Hourican said, "I am excited to be joining the Board of Directors of Tapestry, an innovative, purpose-driven company with a consumer-led approach to building enduring brands.
  • Upon his appointment, David Elkins stated, “I’m honored to join Tapestry’s Board of Directors at this important chapter in the company’s history.