Treasury

Miami July 2022 Home Sales Outperform Pre-Pandemic Totals; Much Needed Single-Family Home Inventory Rises for Third Consecutive Month

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Thursday, August 18, 2022 - 9:25pm

MIAMI, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales outperformed its pre-pandemic totals as single-family home inventory rose for the third consecutive month in July 2022, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • But July 2022 sales of 2,375 outperformed Miami's pre-pandemic July totals as Miami averaged 2,325 total homes sales in the month of July from 2016-19.
  • Miami existing condo sales decreased 39.1% year-over-year, from 2,259 record-breaking July 2021 to 1,376 in July 2022, due to lack of inventory and rising mortgage rates.
  • In July 2022, Miami sales were impacted by higher rates of 5-6% when contracts were established in May and June and lower inventory.
  • Miami Distressed Sales Keep Dropping, Reflecting Healthy Market
    Total Miami distressed sales decreased 14.6% year-over-year in July 2022, from 48 to 41.

The Conference Board Leading Economic Index® (LEI) for the U.S. Fell Further in July

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Thursday, August 18, 2022 - 3:00pm

About The Conference Board Leading Economic Index (LEI) for the U.S.:The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.

Key Points: 
  • About The Conference Board Leading Economic Index (LEI) for the U.S.:The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.
  • The indexes are constructed to summarize and reveal common turning pointsin the economyin a clearer and more convincing manner than any individual component.
  • The LEI is a predictive variable that anticipates (or "leads") turning points in the business cycle by around 7 months.
  • The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead.

Mortgage Rates Revert from Last Week

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Thursday, August 18, 2022 - 3:00pm

30-year fixed-rate mortgage averaged 5.13 percent with an average 0.8 point as of August 18, 2022, down from last week when it averaged 5.22 percent.

Key Points: 
  • 30-year fixed-rate mortgage averaged 5.13 percent with an average 0.8 point as of August 18, 2022, down from last week when it averaged 5.22 percent.
  • 15-year fixed-rate mortgage averaged 4.55 percent with an average 0.7 point, down from last week when it averaged 4.59 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.39 percent with an average 0.3 point,down from last week when it averaged 4.43 percent.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Department of Energy/National Nuclear Security Administration (DOE/NNSA) Enterprise-Wide Technical, Engineering & Programmatic Support III (TEPS III) Blanket Purchase Agreement (BPA) Awarded to AMSG

Retrieved on: 
Thursday, August 18, 2022 - 2:14pm

For several years, AMSG has been proud to serve the DOE NNSA mission.

Key Points: 
  • For several years, AMSG has been proud to serve the DOE NNSA mission.
  • This BPA contract award represents a continuation of that partnership, said Jim OFarrell, President & CEO of AMSG.
  • We remain committed to supporting NNSAs Mission, and this newly awarded BPA is a key component of this effort.
  • About AMSG : AMSG is a Department of Veterans Affairs (VA) verified Service-Disabled, Veteran-Owned, Small Business with substantial relevant Program/Project Management, Knowledge Management, Acquisition Management, Capability Development, Business Process Improvement, and administrative support experience.

Orbit Partners With Axletree

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Thursday, August 18, 2022 - 2:00pm

Under the partnership terms, Axletree will offer the Orbit TMS fully integrated with its rails-agnostic, enterprise-class bank connectivity service to its large customer base, delivering an end-to-end treasury automation solution.

Key Points: 
  • Under the partnership terms, Axletree will offer the Orbit TMS fully integrated with its rails-agnostic, enterprise-class bank connectivity service to its large customer base, delivering an end-to-end treasury automation solution.
  • Orbit targets companies looking to migrate from spreadsheets-based manual processes and large corporations keen on adopting a TMS built with a treasurer's mindset.
  • Chris Matthews, Managing Director, Orbit Treasury Solutions, said, "This partnership between Axletree and Orbit makes incredible sense in today's complex environment as it significantly changes the treasury technology landscape for companies of all sizes.
  • Mohan Murali, CEO of Axletree Solutions, said, "Treasury management and bank connectivity have traditionally been a siloed or manual process.

Citi Recognized by Aite-Novarica Group for Innovations Helping to Combat Fraud

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Thursday, August 18, 2022 - 2:00pm

Citi Treasury and Trade Solutions has been recognized for innovations helping to combat fraud by the Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to the Financial Services industry.

Key Points: 
  • Citi Treasury and Trade Solutions has been recognized for innovations helping to combat fraud by the Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to the Financial Services industry.
  • Selected as the Best Orchestration Innovation in the Aite-Novarica Groups 2022 Fraud & AML Impact Awards, the Citi Payment Exchange solution seamlessly integrates Citi Verifys multiple fraud reduction capabilities into one payment portal.
  • We are pleased to have been recognized by the Aite-Novarica Groups panel of fraud and AML experts, added Sinha.
  • Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005236/en/

Bit Digital Selects Nine Blocks Capital Management for Treasury Management Allocation

Retrieved on: 
Thursday, August 18, 2022 - 1:00pm

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has selected Nine Blocks Capital Management SEZC Limited ("Nine Blocks"), an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, as part of its enhanced treasury management function.

Key Points: 
  • NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce that it has selected Nine Blocks Capital Management SEZC Limited ("Nine Blocks"), an institutionally focused digital assets manager managing a digital assets market neutral fund for an allocation, as part of its enhanced treasury management function.
  • Nine Blocks Capital Management was set up by Nine Mast Capital Management, the investment manager of amarket neutral hedge fund with over $1 billion in assets under management ("AUM").
  • Henri Arslanian, Co-Founder and Managing Partner of Nine Blocks, has also joined the advisory board of Bit Digital.
  • Sam Tabar, Chief Strategy Officer of Bit Digital said: "We are excited to announce our selection of Nine Blocks Capital Management as a treasury management partner.

Arf receives Swiss regulatory approval

Retrieved on: 
Thursday, August 18, 2022 - 12:42pm

Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.

Key Points: 
  • Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.
  • With the regulatory stamp of approval from Switzerland, Arf will continue expanding its products and solutions in line with its position as the trusted partner of licensed MSBs and financial institutions.
  • Arf recently launched Arf Credit Line to provide MSBs instant access to transactional working capital credit lines, allowing any corridor to be post-funded in real-time.
  • Arf is a global settlement banking platform, providing real-time fiat-to-fiat cross-border settlements, stablecoin-based credit lines, and global treasury management for financial institutions and licensed money service businesses (MSBs).

Arf receives Swiss regulatory approval

Retrieved on: 
Thursday, August 18, 2022 - 12:40pm

Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.

Key Points: 
  • Arf's VQF membership assures its compliance with the Swiss Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) acts, providing global regulatory acknowledgment of its reliability and underlining its position as the empowering partner of licensed money service businesses (MSBs) worldwide.
  • With the regulatory stamp of approval from Switzerland, Arf will continue expanding its products and solutions in line with its position as the trusted partner of licensed MSBs and financial institutions.
  • Arf recently launched Arf Credit Line to provide MSBs instant access to transactional working capital credit lines, allowing any corridor to be post-funded in real-time.
  • Arf was also listed in Sifted's "13 European Web3 Startups to Watch" list this year, which drew from the insights of investors across Europe.

DGAP-News: SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity redeems 11 million treasury shares

Retrieved on: 
Thursday, August 18, 2022 - 12:07pm

DGAP-News: SGT German Private Equity GmbH & Co. KGaA

Key Points: 
  • DGAP-News: SGT German Private Equity GmbH & Co. KGaA
    SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity redeems 11 million treasury shares
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt/Main, 18 August 2022 SGT German Private Equity GmbH & Co. KGaA, a listed Private Equity asset manager, has redeemed its 11,052,200 treasury shares by resolution of today's Annual General Meeting.
  • SGT German Private Equity is a Germany-based listed private equity asset manager with registered office in Frankfurt/Main.
  • From its origin as a leading German venture capital provider under the German Startups Group brand SGT German Private Equity also holds a heritage portfolio of minority stakes in some promising German Startups.