Money market

Philip R. Lane: Disinflation and monetary policy in the euro area

Retrieved on: 
Friday, September 29, 2023
Alliance University (New York City), Personal ordinariate, Insurance, Uncertainty, Trinity College, SMA, European Central Bank, Unemployment, Food, Housing, Depression, Money market, Tourism, Face, Lecture, Enterprise Ireland, Rotation, Overalls, Policy, Communication, Disinflation, Shock, National Institute, Board of directors, Social Research (journal), Frankfurt, Blog, Trinity College Dublin, Nigerian Institute Of Social And Economic Research, Executive Board of the European Central Bank, GDP, ECB, Income, Council, Lifting, 2018 Arkansas Issue 5, Acceleration, International Economics Bulletin, Growth, APP, Remuneration, Environment, Reproduction, Food industry, Management, Cryptocurrency, Agriculture, Renewable energy, Security (finance), Risk management
Key Points: 

The First Bancorp Announces Second Quarter Earnings

Retrieved on: 
Wednesday, July 19, 2023
Banking, Professional Services, CD, PTPP, Insurance, FHLB, First Bancorp, Efficiency ratio, Common equity, FDIC, RESULTS, Sale, Asset, First BanCorp, First National Bank, Investment, CECL, FNLC, Tangible common equity, Bank, ACL, NOW, W Holding Company, Money market, Real estate, Rare-earth element, Cryptocurrency, Holding company, Beauty salon

Compared to prior periods, earnings for the second quarter of 2023 were down from the net income of $10.0 million and diluted earnings per share of $0.91 reported in the second quarter of 2022, and down from the net income of $8.0 million and diluted earnings per share of $0.72 reported for the first quarter of 2023.

Key Points: 
  • Compared to prior periods, earnings for the second quarter of 2023 were down from the net income of $10.0 million and diluted earnings per share of $0.91 reported in the second quarter of 2022, and down from the net income of $8.0 million and diluted earnings per share of $0.72 reported for the first quarter of 2023.
  • Turning to second quarter results, Mr. McKim remarked “Higher funding costs again negatively impacted our bottom line in the second quarter.
  • The Company’s Return on Average Assets of 1.04% for the quarter was down from 1.16%; the second quarter 2023 PTPP Return on Average Assets was 1.26%, down from 1.49% in the prior quarter.
  • The Company's Efficiency Ratio (non-GAAP) was 52.89% in the second quarter of 2023, up from 49.98% in the first quarter of 2023.

Privat 3 Money Introduces Compelling New Features to its Investment App, Empowering Clients with Enhanced Financial Opportunities

Retrieved on: 
Wednesday, July 5, 2023
Federal Reserve, Partnership, Analytic function, Multimedia, T+2, USD, Sale, FCA, Money market, Fintech, Phosphorus, Bank, P3

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.

Key Points: 
  • Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.
  • With the US Fed fund rate currently sitting at around 5%, P3 enables clients to automatically earn a solid yield without significant effort.
  • These valuable metrics provide a comprehensive overview of financial positions, empowering clients to make well-informed investment decisions.
  • This means that clients can seize investment opportunities without delay, ensuring they never miss lucrative trading prospects.

Privat 3 Money Introduces Compelling New Features to its Investment App, Empowering Clients with Enhanced Financial Opportunities

Retrieved on: 
Wednesday, July 5, 2023
Federal Reserve, Partnership, Analytic function, T+2, USD, Sale, FCA, Money market, Fintech, Phosphorus, Bank, P3

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.

Key Points: 
  • Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.
  • With the US Fed fund rate currently sitting at around 5%, P3 enables clients to automatically earn a solid yield without significant effort.
  • These valuable metrics provide a comprehensive overview of financial positions, empowering clients to make well-informed investment decisions.
  • Currently, P3's Stock Trading and Investment Service is only available to Professional Clients as per FCA Client Categorisation Rules.

Stronghold Global Finance launches Actively Managed Certificate

Retrieved on: 
Tuesday, May 9, 2023
Money market, Scipion Capital, Fortification, Investment, Launch, AMC, Economic development, Security (finance)

LONDON, May 9, 2023 /PRNewswire/ -- Money Market AMC 1, an actively managed certificate, has been launched by Stronghold Global Finance ("Stronghold") to provide an exciting opportunity for investors to benefit from risk-adjusted returns in investments grade illiquid money market securities.

Key Points: 
  • LONDON, May 9, 2023 /PRNewswire/ -- Money Market AMC 1, an actively managed certificate, has been launched by Stronghold Global Finance ("Stronghold") to provide an exciting opportunity for investors to benefit from risk-adjusted returns in investments grade illiquid money market securities.
  • This product is a feature of Stronghold's digital marketplace for trade receivable assets and money market securities including primary and secondary issuances.
  • Stronghold aims to serve as a leading financial institution and as an economic development platform for emerging and developed markets.
  • Stronghold has simultaneously developed its digital marketplace with significant institutional investor representation to enable secondary market trading of the AMC's underlying's.

Stronghold Global Finance launches Actively Managed Certificate

Retrieved on: 
Tuesday, May 9, 2023
Money market, Scipion Capital, Fortification, Investment, Launch, AMC, Economic development, Security (finance)

LONDON, May 9, 2023 /PRNewswire/ -- Money Market AMC 1, an actively managed certificate, has been launched by Stronghold Global Finance ("Stronghold") to provide an exciting opportunity for investors to benefit from risk-adjusted returns in investments grade illiquid money market securities.

Key Points: 
  • LONDON, May 9, 2023 /PRNewswire/ -- Money Market AMC 1, an actively managed certificate, has been launched by Stronghold Global Finance ("Stronghold") to provide an exciting opportunity for investors to benefit from risk-adjusted returns in investments grade illiquid money market securities.
  • This product is a feature of Stronghold's digital marketplace for trade receivable assets and money market securities including primary and secondary issuances.
  • Stronghold aims to serve as a leading financial institution and as an economic development platform for emerging and developed markets.
  • Stronghold has simultaneously developed its digital marketplace with significant institutional investor representation to enable secondary market trading of the AMC's underlying's.

iTHINK Financial Credit Union Signs Contract for the Black Knight Empower LOS to Help Drive Growth and Provide Members With an Exceptional Experience

Retrieved on: 
Tuesday, September 13, 2022
ITHINK Financial Credit Union, Accredited Business Accountant, Credit union, Empower, NYSE, Second mortgage, Sale, IBM, Black knight, Business loan, Growth, ESign (India), Loan, Finance, Technology, Solution, Corporate services, Wealth, Money market, Classification, BKI, Bank

iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.

Key Points: 
  • iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.
  • "iTHINK Financial prides itself on offering personalized, 'white glove' service and we are confident that Empower will help them keep that commitment," said Rich Gagliano, President, Origination Technologies at Black Knight.
  • iTHINK Financial, established in 1969, is a growing and dynamic Credit Union, with more than 100,000 Members worldwide and over $2 billion in assets.
  • A Credit Union is a not-for-profit financial institution that is owned by its Members.

AMERANT BANK ANNOUNCES AMERANT COVERME, A FIRST STEP TOWARD ELIMINATING OVERDRAFT FEES

Retrieved on: 
Wednesday, February 2, 2022
Bank, CEO, CORAL, Twitter, Trust, Instagram, Program, Overdraft, Money market, Company, LinkedIn, Amer Sports, Facebook

Additionally, Amerant will be lowering overdraft fees from $35 to $10 for domestic consumer accounts by the end of Q2 2022.

Key Points: 
  • Additionally, Amerant will be lowering overdraft fees from $35 to $10 for domestic consumer accounts by the end of Q2 2022.
  • "Part of our mission at Amerant is to use the power of banking to create social and environmental value for our people, communities, and customers," said Vice Chairman, President & CEO of Amerant Bank Jerry Plush.
  • "We believe these positive changes in overdraft practices are an example of our commitment toward upholding this."
  • Amerant also offers ways to reduce or avoid overdraft fees, including:
    Account alerts via email or text message when balance is low and/or when payments are due.

Moscow Exchange Trading Volumes in January 2022

Retrieved on: 
Wednesday, February 2, 2022
Professional Services, Finance, USD, FX, National Settlement Depository (Russia), Contract, Gold, DRS, Stock, GCC, European Central Bank, London, MOEX, Central Bank of Russia, RUB, CCP, Money market, Korea Exchange, Silver, International financial institutions, Ownership, Equity, Central bank, OTC, Reconstruction, Security (finance), Mineral oil, Dyeing, Abrasive, Animal, Cryptocurrency

Total trading volume on the Equity and Bond Market in January 2022 increased by 62.6% to RUB 5,002.6 bln (January 2021: RUB 3,076.4 bln), hereinafter excluding overnight bonds.

Key Points: 
  • Total trading volume on the Equity and Bond Market in January 2022 increased by 62.6% to RUB 5,002.6 bln (January 2021: RUB 3,076.4 bln), hereinafter excluding overnight bonds.
  • Trading volume in shares, DRs and investment fund units rose by 87.4% to RUB 4,212.4 bln (January 2021: RUB 2,247.5 bln).
  • Trading volume in corporate, regional and sovereign bonds was RUB 790.2 bln (January 2021: RUB 828.9 bln).
  • Moscow Exchange (MOEX) operates Russias main trading platform for equities, bonds, derivatives, currencies, money market instruments and commodities, and also provides a range of market data and index services.

ECB publishes Euro money market study 2020

Retrieved on: 
Saturday, May 1, 2021
Eurozone, Economy, Money, Finance, Euro, €STR, Money market, Foreign exchange market

29 April 2021

Key Points: 
  • 29 April 2021

    The Euro money market study 2020 finds that activity in the euro money market is still concentrated in the secured and foreign exchange swap segments, with the former accounting for about half of the total outstanding amounts.

  • The study also analyses the introduction of the new euro short-term rate (STR), the ECB deposit facility interest rate cut in September 2019, the implementation of a two-tier system for remunerating credit institutions excess reserve holdings and the impact of the United Kingdoms departure from the European Union on the euro money market activity.
  • The European Central Banks Euro money market study 2020 provides a detailed overview of the euro money markets.
  • The study is based on daily transactions in the euro money market collected from the largest euro area banks under the Money Market Statistical Regulation[1] (MMSR).