OpenTreasury

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Carry traders “use weak euro to win in emerging markets” Turkey’s inflation surge drives company debt to distressed level UK business insolvencies reach an all-time high Growth in same-day ACH propels the ACH Network to 2Q profits American Express introduces a digital, cross-border payment solution for small businesses in the US TD Bank nears US $1bn deal to buy investment bank Cowen Global Payments to acquire EVO for $4 billion to help expand its B2B business UK faces the highest rate of card fraud in Europe Mobile Security Index 2022: more companies experiencing mobile-related compromises  

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Strong dollar wipes billions of corporate America’s earnings https://ctmfile.com/story/strong-dollar-wipes-billions-of-corporate-americas-earnings Venture capitalists continue crypto investments – Industry roundup: 27 July https://ctmfile.com/story/venture-capitalists-continue-crypto-investments-industry-roundup-27-july US rate hike adds to pressure on central banks – Industry roundup: 28 July https://ctmfile.com/story/us-rate-hike-adds-to-pressure-on-central-banks-industry-roundup-twenty-eighth-july Yellen backs ‘friend-shoring’ to bolster supply chains – Industry roundup: 21 July https://ctmfile.com/story/yellen-backs-friend-shoring-to-bolster-supply-chains-industry-roundup-twenty-first-july   Debate heats up on privatising India’s banks   https://ctmfile.com/story/indias-banks-time-to-privatise-industry-roundup-twenty-sixth-july   Working Capital Survey 2022: Companies need to prepare for tighter liquidity https://ctmfile.com/story/working-capital-survey-2022-companies-need-to-prepare-for-tighter-liquidity   SWIFT tasked with new cross-border payments challenges – Industry roundup: 29 July https://ctmfile.com/story/swift-tasked-with-new-cross-border-payments-challenges-industry-roundup-29-july The digital transformation of the global payments landscape: key components and markets https://ctmfile.com/story/the-digital-transformation-of-the-global-payments-landscape-key-components-and-markets

Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: Australia’s central bank signalling series of interest rate hikes to combat inflation European Central Bank’s first interest rate increase in 11 years Planned corporate bond deals increasingly being called off as cheap funds end US not prohibiting agricultural commodities from Russia Payments sent using Zelle surpassed checks written by Bank of America customers in 2021 Juniper Research predicts total number of tokenised payment transactions worldwide will exceed 1 trillion by 2026 BNP Paribas entering the crypto custody space The US Securities and Exchange Commission working to register crypto lending firms

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Bank of Canada’s shocking 100 basis points rate hike to tame inflation China’s slowing economy U.S. inflation accelerating to a fresh 41-year high European Central Bank rolling out new bond instrument to contain the spread on Italian debt Risk management processes in U.S. corporations not keeping pace with growing risks Ransom payments rising as ransomware remains cybersecurity’s biggest challenge Citigroup’s Treasury and Trade Solutions (TTS) business posting a 33% jump in revenue

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Bank of England’s warning on commodities China considering stimulus Evergrande Group on the verge of a landmark onshore default Euro sliding to a 20-year low HSBC looking to sell Russian business to Expobank Venture capital investments in embedded finance doubling in 2021 The European Central Bank’s confirmation of TARGET2-Securities (T2S) platform Denmark’s central bank questioning the motivation for adopting CBDC FT alleging Wirecard forged client details for investment from SoftBank Juniper Research estimating online payment fraud losses to exceed $343 billion by 2027

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the thirteenth topic and fourteenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover preparing for and monitoring unexpected events. Leading practices part 12: Preparing for and monitoring unexpected events

Defaults, rate hikes and withdrawals. On this podcast, Jonathan, Craig and Jack discuss this week’s top stories and developments in treasury. Chinese developer Shimao defaults on US$1bn bond Recession fears “leave €40bn of European corporate bonds in distress” Third successive rate hike in Australia Corporate fundraising slips 25% as caution rules The Bank of London and SAP Fioneer partner to revolutionize global clearing and transaction banking Goldman Sachs and Derivative Path collaborate to expand transaction banking BNP Paribas exits the commodity finance business in the United States Honorable Mentions EU agrees regulation for ‘wild west’ of crypto assets Crypto lender Vauld suspends withdrawals

The economy, taxation, bankers looking at cryptocurrencies, and the war in Ukraine are all hot topics this week. Jason Campbell is stepping in as this week’s host of the Open Treasury Podcast as we review the major stories and developments that were posted on CTMfile.com this week. Craig Jeffery and Jack Large also joined to share their thoughts.    Article links: Russia forced into historic default by sanctions Yellen still expects a global minimum corporate tax rate BNP Paribas interested in acquiring ABN Amro Rapidly growing neobanks now show signs of impending failure Cryptocurrency sector fears a chain reaction as Bitcoin drops below $20k BIS to urge CBDCs amid cryptocurrency uncertainties OCC continues interagency discussions on cryptocurrency

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the twelfth topic and thirteenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover leading practices for messaging networks. Read the article: Leading practices part 12: Messaging networks

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 Find more articles at CTMfile.com