Pushpendra Mehta meets with Mike Richards, CEO of The Treasury Recruitment Company, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include US inflation rising to a 40-year high of 8.6 percent, the Bank of England hiking interest rates for the fifth time in a row to rein in inflation, DHL’s warning that supply chain problems will run for longer than expected, Bitcoin tumbling to a new 18-month low as the crypto meltdown deepens, Binance freezing Bitcoin withdrawals, organizations maintaining a majority of their short-term investments in bank deposits, Bank of America expanding Virtual Account Management (VAM) to companies in the US, and account takeover attacks surging as BNPL rises.
- Inflation at 8.6%, more Fed rate hikes anticipated [US]
- Bank of England confirms fifth monthly base rate rise [UK]
- DHL warns of continuing supply chain challenges
- Bitcoin drops to an 18-month low, investors move away from riskier assets
- Bitcoin withdrawals suspended in volatile trading
- Bank deposits make up 55% of organizations' short-term investments
- BofA expands Virtual Account Management (VAM) to US Businesses
- Account takeover attacks intensifying as BNPL thrives, warns Imperva
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