Podcasts about new york mellon

In this episode of Money Tales, our guest is Sophie Bertin. You know that feeling when everything looks good on paper, a great job, supportive colleagues, a solid paycheck, but something inside keeps whispering, this isn't it! That was Sophie. She had a comfortable life, but comfort wasn't enough. It took a spark - an unexpected stat about entrepreneurs from a business school dean when Sophie was at a less-than-satisfying moment in her career - for her to realize: “Why am I in the 50% who haven't taken the leap?” That catalyzed her turning point. Sophie Bertin has a varied career path, from strategic consultancy, to banking operations, to the European Commission and now turned entrepreneur. She recently founded Serapy with the aim of improving corporate compliance training through the combination of simulations, gamification, role play and online tools. Serapy uses the latest educational theories to provide trainings with increased retention rate, and combines that with AI tools to enhance the learning process. Serapy is currently present in Switzerland, Bulgaria, Portugal, France and the UAE. Serapy has been accepted in the incubation program of the Unicorn Factory Lisbon and of Station F in Paris. In addition to Serapy, Sophie has her own consultancy (Parnima Consulting) since 2016, where she works with top legal and regulatory firms, consultancy firms and financial clients on EU Regulations in the area of Financial Services, Foreign Subsidies and State Aid. She also serves as independent board member of Eastnets, a leading provider of AML, SWIFT and payments solutions. She sits on the Remuneration, Nomination and Governance Committee. Before becoming entrepreneur, Sophie was Group Head of Corporate Development and Managing Director of SIX Group (in Switzerland), in charge of strategy development, innovation and regulatory affairs. During the Financial Crisis, she served as Head of Unit at the Directorate General for Competition within the European Commission. There, she was responsible for the review and approval of the State aid provided by Member States to the financial services (mostly banks) during the financial crisis of 2008-2014. Prior to her role with the European Commission, Sophie held senior positions within SWIFT, where she was globally in charge of Asset Servicing; with The Bank of New York Mellon; and worked with the top consultancies McKinsey and later Bain &Co. She started her career path as IT and database programmer, which is very helpful now with the latest AI tools she uses in her start-up. She started her studies in Vienna, graduated from the Ecole Supérieure de Commerce de Paris, holds an MBA from INSEAD and a post-graduate diploma in EU Competition Law from King's College. She holds also a diploma from the Swiss Board Institute. She is member of the Executive Committee of the INSEAD Alumni organization, and she is also the founder and president of the global INSEAD Women in Business Club. Recently, she finished an advanced AI Mastery class and won the award for the best AI Application Builder. She is promoting and advocating for AI literacy among women and through the INSEAD Women in Business Club organizes events for Women in AI.

Plus: JPMorgan Chase, Bank of America and Bank of New York Mellon press pause on electronic communications with their regulator following an email hack. And Johnson & Johnson says tariffs will increase costs for its medical-technology products. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks pared some of Wednesday's historic gain, the Dollar was heavily sold, while the long-end of the Treasury curve saw further selling despite a strong US 30yr auction.The risk-off mood further exacerbated after reports that the White House clarified that US tariffs on China now totalled 145% after the latest hike (20% already in place + 125% added this year).APAC stocks mostly followed suit to the declines on Wall St, DXY suffered another bout of selling pressure, 10yr UST futures were lacklustre following the recent volatility.European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with gains of 4.3% on Thursday.Looking ahead, highlights include UK GDP, US PPI, UoM Prelim, Moody's review on France, UK, Italy, Spain & Switzerland's Credit Rating, Speakers including Fed's Musalem, Williams & BoE's Greene, Supply from Italy, Earnings from JPMorgan, BlackRock, Wells Fargo, Bank of New York Mellon, Morgan Stanley & Fastenal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

China unveils additional tariff measures on US goods; to raise additional tariffs on US goods to 125% from 84%. Effective April 12th.China's Finance Ministry says “if the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it”.European indices hit after China raises tariffs; US futures modestly lower into bank earnings.DXY slumps to a 99.01 low after China increases tariffs on the US; EUR outperforms.Bonds lifted by China's latest retaliation but remain on track to end the week with significant losses.Base metals underpinned by hopes of Chinese stimulus.Looking ahead, US PPI, UoM Prelim, Moody's review on France, UK, Italy, Spain & Switzerland's Credit Rating, Speakers include Fed's Musalem, Williams & BoE's Greene. Earnings from JPMorgan, BlackRock, Wells Fargo, Bank of New York Mellon, Morgan Stanley & Fastenal.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Nos fijamos en Apple, JP Morgan, Wells Fargo, Morgan Stanley, BlackRock, Bank of New York Mellon, Fastenal y Tesla. Con Javier Etcheverry, analista y trader profesional.

APAC stocks were choppy after a similar performance stateside where PPI data printed cooler-than-expected ahead of the incoming US CPI report.European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 0.5% on Tuesday.DXY is flat, EUR/USD rests just below 1.03, Cable is pivoting around the 1.22 mark, JPY leads.BoJ Governor Ueda said he wants to discuss and decide whether to raise rates at next week's policy meeting.Looking ahead, highlights include German Wholesale Price Index, FY GDP, UK CPI, EZ Industrial Production, US CPI, IEA OMR, OPEC MOMR, Fed Beige Book, BoE's Taylor, ECB's de Guindos, Fed's Barkin, Kashkari, Williams & Goolsbee, Supply from UK & Germany, Earnings from JPMorgan, Goldman Sachs, BlackRock, Citi, Wells Fargo, Bank of New York Mellon.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Stocks hold modest gains, FTSE 100 outperforms post-CPI; US bank earnings due.DXY lower ahead of US CPI, GBP resilient in the wake of soft inflation metrics, JPY leads.Gilts inflated by CPI, JGBs dented by Ueda & USTs await CPI.Choppy trade in crude while precious metals tilt higher and base metals trade mixed.Looking ahead, US CPI, OPEC MOMR, Fed Beige Book, Speakers including BoE's Taylor, Fed's Barkin, Kashkari, Williams & Goolsbee. Earnings from JPMorgan, Goldman Sachs, BlackRock, Citi, Wells Fargo, Bank of New York Mellon.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

La mini-résurgence de l'inflation aux Etats-Unis a réveillé quelques doutes sur les marchés financiers, mais pas suffisamment pour provoquer davantage qu'une pause. La semaine se termine sur l'annonce d'un budget de crise en France, mais aussi dans l'attente de nouvelles mesures de soutien en Chine et dans la crainte d'une réplique israélienne contre l'Iran. Dans le volet purement boursier, trois grandes banques américaines, JPMorgan Chase, Wells Fargo et Bank of New York Mellon, vont donner le ton des résultats trimestriels.

Top Food and Healthcare stocks. And more… Includes a 100-company ranking of companies producing the most favorable human life impacts. By Ron Robins, MBA Transcript & Links, Episode 136, August 23, 2024 Hello, Ron Robins here. It's good to be back after my summer break! So, welcome to this podcast episode 136 titled “Top Food and Healthcare stocks. And more…” Presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. Now, remember that you can find a full transcript, and links to content – including stock symbols and bonus material – on this episode's podcast page at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, and I don't receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal to you any personal investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the articles for more company and stock information. ------------------------------------------------------------- 3 Plant-Based Food Stocks That Could Be Multibaggers in the Making: July Edition I'm starting with this article on food stocks as it's a segment that many of you are interested in. It's titled 3 Plant-Based Food Stocks That Could Be Multibaggers in the Making: July Edition. It's by Philippa Main and found on investorplace.com. Now some quotes from the article. “Investors have many reasons for investing in plant-based food stocks… But there are also a lot of ups and downs in the vegan-friendly and plant-based industries. Even one of the most recognizable names in the vegan meat industry, Beyond Meat (NASDAQ:BYND), has been down consistently over the last five years, with very few times of sustained value. However, the overall sector's potential for growth remains robust… The plant-based food market value is currently at $46.7 billion and could expand to $96.6 billion by 2033. That's a compound annual growth rate (CAGR) of 8.4%... 1. Laird Superfood (NYSEAMERICAN:LSF) Specializes in providing plant-based coffee creamers, hydration supplements and other foods. The stock topped out at $57 in 2020 but has since dropped dramatically. It is now trading at around $4 a share. However, recent quarterly results prove that the company is back on the upswing…  The company's 22% net sales growth during the first quarter was among the top results for any company in the food industry. The company saw at least a 40% gross margin. While the company still operates at a net loss, its balance sheet remains strong with no debt. The company raised its outlook for net sales thanks to the positive Q1 results. Laird Superfood stock is affordable for investors looking to enter the vegan-friendly and plant-based food stocks segment. Laird Superfood has many potential growth opportunities on the horizon… It recently received a $32 million influx of funding from WeWork. All this combined means investing now could see great returns in the long term. 2. SunOpta (NASDAQ:STKL) has been producing plant-based food and beverages for over 50 years. In the past three years, the company has committed over $200 million to expanding production capacity and reaching its goal of doubling its plant-based business by 2025. Across the several segments the company operates in, there is a $22 billion addressable market. The company's nutritional beverages sector saw the largest year-over-year (YOY) growth at 20%. The company also partners with other major names in the food retail industry. These include Costco (NASDAQ:COST), Walmart (NYSE:WMT) and Target (NYSE:TGT). Partnering with big retail brands helps increase the exposure of its products and, in turn, generates higher sales volume. SunOpta stock has had its ups and downs over the past five years but currently has a 93% upside. 3. Tyson Foods (NYSE:TSN) One of the most well-known chicken brands in the U.S. may not seem like a good pick for a list of plant-based food stocks. For investors who want to feel good about investing in companies working toward making more plant-based options but don't want to gamble on a company solely focused on that sector, Tyson Foods is a good way to diversify.  Though down substantially over the last five years, Tyson Foods stock has seen a rally of 10% in the last 12 months and 6.5% year-to-date (YTD). In the previous five years, Tyson has been increasing its plant-based offerings through its brand, Raised and Rooted, and has 10 plant-based products. These include plant-based patties, ground meat substitutes, sausages and nuggets. As inflation dampens demand for meat as prices soar, Tyson's presence in the plant-based industry will give it a head start compared to its competitors.  Though there have been some financial troubles for the company in the last year or so, things are starting to turn around.” End quotes. ------------------------------------------------------------- The energy transition from fossil fuels will power these stocks - including Big Oil Now, this next article acknowledges the energy transition, however, some of the comments and companies suggested will not appeal to many ethical and sustainable investors. I wondered long and hard as to include this article or not. However, since the European Commission is likely to include natural gas in its preferred funding energy financing initiative, I ‘dared' to include it. The article is titled The energy transition from fossil fuels will power these stocks - including Big Oil. It's by Jakob Wilhelmus, provided by Dow Jones, and found on morningstar.com. Here are some quotes. “Modernizing the grid The International Energy Agency estimates that to power itself primarily with renewable energy, the world would need to add or replace nearly 50 million miles of transmission lines by 2040… For investors, that creates opportunity around the complementary infrastructure that is needed to build out the grid. Companies such as Eaton (ETN) that provide essential components - including inverters or substations for transmission lines - are well-positioned to take advantage of these ambitious goals. Their central role in the energy transition over coming years may not be fully appreciated today, but markets might soon catch up. Shifting to the greener end of fossil fuels Fossil fuels will certainly continue to be a component of the energy system of the future…  Indeed, global demand for liquified natural gas (LNG) is expected to grow by more than 50% by 2040 as the coal-to-gas transition expands in China and South Asia… For investors, it is critical to seek energy-sector companies that are forward-looking and are finding ways to remain energy providers regardless of what the primary energy sources might be. Two such companies are TotalEnergies (TTE) and Shell (SHEL), which are expanding natural-gas production and transport capabilities. Pipelines are another way to take advantage of the global shift to natural gas. Often these firms have long-term purchase agreements in place, providing investors with an attractive ‘toll collection' that provides a differentiated risk-return proposition in the natural-gas space: exposure to booming demand with less exposure to short-term price volatility. These characteristics and accompanying cash flows make major pipeline players including Enbridge (ENB) and Kinder Morgan (KMI) particularly interesting for debt investors. Getting smart on energy use Investors should also pay close attention to innovation around managing demand and using energy supplies more efficiently… This has created a two-way system, where customers actively manage their energy consumption through smart appliances or storage, while system operators have increased capabilities to manage electricity distribution and generation. This development might benefit companies, such as Schneider Electric (SBGSY), that provide smart sensors and devices all the way to the software that allows grid operators to optimize supply and demand… Global renewable capacity grew by 50% in 2023 and these sources offer some of the lowest cost of producing electricity today. But even this pace of growth in renewables may not be enough to account for the steep rise in energy demand.” End quotes. ------------------------------------------------------------- The 3 Best Healthcare Stocks to Buy in August 2024 Now, here's an article on another favorite sector, healthcare, and it's titled The 3 Best Healthcare Stocks to Buy in August 2024. It's by investorplace.com and was seen on markets.businessinsider.com. Here are some interesting quotes. “The healthcare industry has been a critical part of the economy for a long time. According to a McKinsey & Company report, the healthcare industry is expected to grow at 7% from 2022 to 2027. 1. Bristol-Myers Squibb (NYSE:BMY). The pharmaceutical powerhouse consistently ranks as one of the top companies on the market, and has several drugs that generate billions of dollars in revenue. Furthermore, Bristol-Myers Squibb has a number of drugs currently in clinical trials that could bring in huge success over the next decade. Among these is schizophrenia treatment Eliquis KarXT. The drug is expected to receive a recommendation from the FDA as early as next month. If it gets approved, it will be the first newly developed treatment for schizophrenia. That is a market that is estimated to grow to more than $7 billion in just four years. Right now, the stock is down over 10% this year alone and 20% year-over-year. Investors should buy while the stock is down.  2. AMN Healthcare Services (NYSE:AMN) is a medical care facilities company. It supplies healthcare workers, including nurses and industry professionals, on a temporary basis. It experienced huge success from high healthcare worker demand when there was a worker shortage. For those investors who are looking for high-risk, high-reward healthcare stocks, AMN should be on their radar. The company's recent earnings reports look very promising. In Q2 2024, AMN reported earnings per share (EPS) of 98 cents, beating analyst's estimates by almost 20 cents. This was the fourth consecutive quarter that AMN Healthcare Services beat the earnings estimate. Furthermore, AMN trades at 13.64 times forward price to earnings ratio, which is lower than the majority of its competitors in the market. Before it bounces back to its peak price from 2022, investors should buy the stock. 3. Rapport Therapeutics (NASDAQ:RAPP), a biotech company that is backed by Johnson & Johnson (NYSE:JNJ). The company went public on June 7th of this year, and it raised $154 million in initial public offering. The stock price ended up to over $20 on the first day it went public, and as of writing, it goes for $19.05. While there is still lots to learn about the company as it is new to the market, there are certainly things that will attract many investors.  Rapport Therapists is currently developing a focal epilepsy drug. The phase two trials should begin in the next few months, which means that there is going to be exciting news for the biotech startup for the upcoming years. This is especially exciting considering that in the U.S. alone, there are more than three million adult epilepsy patients, which means that it is a sizable market with room to explore.” End quotes. ------------------------------------------------------------- The 2024 Humankind 100 List This next article is a company ranking I watch every year as its methodology is fascinating. It's the Humankind 100 List and the 2024 edition has just been published. I found it on businesswire.com. Here are some quotes. “As the challenges of creating transparency around Environmental, Social and Governance (ESG) data and rankings become increasingly apparent, Humankind developed a holistic, quantitative way to calculate impact in terms of human benefit versus human suffering… This year, Alphabet (GOOGL)… scored highest in the ranking. The positive value of creating free digital tools for consumers outweighs the negative impact of factors like data harvesting in Humankind's analysis. Other companies rounding out the top 10 include: Eli Lilly & Co. (LLY), Johnson & Johnson (JNJ), AbbVie Inc. (ABBV), Merck & Co. (MRK), Procter & Gamble (PG), Pfizer (PFE), Amgen (AMGN), Microsoft Corp (MSFT), and Bristol-Myers Squibb (BMY). The complete rankings… can be found at rankings.humankind.co.” End quotes. ------------------------------------------------------------- Finally, here's one other article that will interest some of you. It's titled Bank of New York Mellon a Top Socially Responsible Dividend Stock With 2.9% Yield. It's by BNK Invest and found on Nasdaq.com. ------------------------------------------------------------- Ending Comment Well, these are my top news stories with their stock and fund tips for this podcast titled: “Top Food and Healthcare stocks. And more…” Please click the like and subscribe buttons on Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these troubled times! Contact me if you have any questions. Thank you for listening. Now my next podcast will be September 6th. I'll talk to you then! Bye for now.   © 2023 Ron Robins, Investing for the Soul  

Podcast Episode 158: The Craziest month in US Presidential history In this episode today, Rohan and David discussed the following: 1. Impact of Recent Events on the Presidential Campaigns: They discuss the fallout and implications of President Biden withdrawing from the presidential race, and the potential implications for Vice President Kamala Harris as the frontrunner. 2. Tech Disruption: Microsoft Outage and Cybersecurity Implications: They explore the causes and consequences of the recent Microsoft update that caused major disruptions, including cybersecurity concerns and its broader impact. 3. Real Estate Trends: Austin's Housing Boom and Market Dynamics: Rohan and David analyze the unprecedented influx of apartment units in Austin, Texas, and its impact on rental prices, housing market saturation, and investor strategies. 4.Investment Trends: Blackstone's AI Infrastructure Initiative: They discuss Blackstone's strategy to become a leader in AI infrastructure investments, including data centers and renewable energy, and its implications for the real estate and tech sectors. 5. Future of AI in Consumer Behavior and Industries: Following the above they also discuss the transformative potential of AI, focusing on autonomous driving technology, drone deliveries, and their expected impact on consumer behavior and industry landscapes. 6. Financial Stability and Banking Liquidity: They now explore the liquidity risks highlighted by the high ratio of uninsured deposits in major banks like JP Morgan Chase and Bank of New York Mellon, and their potential implications for financial stability. 7. Urban Real Estate Market Insights: David and Rohan analyze the most expensive cities to buy homes in the U.S. for 2024, including San Francisco, New York City, and other major metropolitan areas, discussing trends, affordability challenges, and investment opportunities. 8. Impact of COVID-19 on Real Estate: They discuss how the pandemic has affected real estate prices and market dynamics, with a specific focus on urban centers like New York City and Los Angeles versus suburban and rural areas. 9. Property Development: Exploring the challenges and opportunities in large-scale property development projects, using examples like the Oceanwide Project in downtown LA as a case study. Fun stuff and reviews: Entertainment and Media Reviews: Reviewing recent movies like "The Beekeeper" and TV series like "Horizon" or other media consumed by the hosts, discussing their plot twists, themes, and entertainment value. (27:48) Restaurant and Food Reviews: Sharing experiences and recommendations from dining in various cultural districts like Koreatown, focusing on the atmosphere, cuisine, and overall dining experience. (30:09) Book Recommendations: Discussing books related to finance, Wall Street culture, or any other genres that the hosts have recently read, such as "Straight to Hell" by John. (35:16)

In der heutigen Folge von “Alles auf Aktien” sprechen die Finanzjournalisten Daniel Eckert und Laurin Meyer über den spannenden Auftakt in die Berichtssaison, die leeren Kassen von BayWa und einen Nachzügler als großen Dax-Gewinner. Außerdem geht es um Siemens, Carvana, Bank of New York Mellon, Wells Fargo, Alphabet, Wiz, Bitcoin, Apple, Amazon, Tesla, Meta, Anheuser-Busch InBev, Chevron, Halliburton, Uranium Energy, Corteva, Deere, Granite Construction, Amphenol, Nvidia, ING, Microsoft, Super Micro Computer, Rheinmetall, Bayer, Lufthansa, BASF, RWE, Volkswagen, Siemens Energy, Süss Microtec, Renk Group, Novo Nordisk, Nestlé, Imperial Tobacco, Shell, LVMH, Hermès, Biontech, Moderna, Curevac und BYD. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Wall Street continúa en verde tras los resultados de la gran banca de inversión. El SP500 y el Nasdaq rompen la tendencia bajista con la que cerraban este jueves ante las fuertes ventas en el sector tecnológico. El SP500 ha sumado más de 10 billones de dólares de capitalización bursátil desde el pasado mes de octubre, equivalente al PIB de Alemania, Francia, Italia y España juntos. Hoy han presentado sus cuentas JPMorgan, Citigroup, Bank of New York Mellon y Wells Fargo. Tras la inflación, que este jueves centró todas las miradas de los inversores en EEUU, ahora toda la atención se centra en el inicio de la temporada de resultados al otro lado del Atlántico. Los mercados “esperan un repunte decente de los ingresos de la banca de inversión, ya que las fusiones y adquisiciones han vuelto a ponerse de moda”. Aparte de los bancos, en Wall Street también se habla de Tesla, que cae tras la rebaja de recomendación de UBS ante las dudas sobre sus planes en IA. En Europa, los principales índices van camino de despedir la sesión en verde sin demasiados sobresaltos. Lufthansa, por su parte, lanza un profit warning por los precios más bajos de los vueltos. La aerolínea alemana ha reducido las perspectivas de beneficios para todo el año debido a que los costes están siendo más altos de lo que espera y los precios más baratos de los billetes ante una mayor competencia. En el Ibex 35, IAG después de rozar máximos anuales, la aerolínea sufre hoy la rebaja de recomendación y de valoración por parte de los analistas de HSBC. El análisis con Roberto Scholtes, de Singular Bank.

This week on The CMO Podcast, Jim wraps up Women's History Month with Natalie Sunderland, the Global Head of Marketing and Communications at the Bank of New York Mellon, or BNY Mellon. This is definitely the oldest company Jim has featured on the show; BNY Mellon was established in 1784 by Alexander Hamilton, and became the first company listed on the NYSE. BNY Mellon holds nearly $48 trillion in assets under custody and/or administration. In 2024 it was one of Fortune's Most Admired Companies, scoring high in innovation and people management. Natalie is Canadian by birth, studied at Queens University in Ontario, and joined American Express shortly after college. She stayed at AmEx for fourteen years, before moving to Citi for two years. Then she made a big jump in her career–she moved to California and joined the startup world, working at two fintech startups and one young health care company. In 2021 she decided to join BNY Mellon. As the company celebrates its 240th anniversary, Natalie joins Jim to talk about she works to build curiosity and pride within her team and beyond. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Daniel Eckert und Laurin Meyer über Freude bei Ford, lange Gesichter bei Snap und zwei gelungene Börsen-Debüts. Außerdem geht es um Walt Disney, Paypal, Deutsche Börse, Renk, Athens International Airport, New York Community Bancorp, Deutsche Pfandbriefbank, Morgan Stanley, Deutsche Bank, Commerzbank, M&T Bank, JPMorgan Chase, Citigroup, Bayer, Siemens, Merck KGaA, Merck & Co., Villeroy & Boch, LVMH, Coca-Cola, Procter&Gamble, Eli Lilly, Stanley Black & Decker, York Water, Bank of New York Mellon und iShares Global Clean Energy ETF (WKN: A0MW0M).  Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hier findet ihr alle AAA-Bonus-Episoden bei WELT – dazu den AAA-Newsletter und noch weitere WELTplus-Inhalte: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Daniel Eckert und Nando Sommerfeldt über die Folgen der tollen TSMC-Zahlen, die maue Birkenstock-Premiere und das Duell der Optimisten gegen die Pessimisten. Außerdem geht es um Saudi Aramco, Arm, ASML, Infineon, Nvidia, AMD, Coinbase, Fastenal, Microsoft, Berkshire Hathaway, Alphabet, Coca-Cola, Anheuser Busch InBev, Sanfran, Apple, Assa Abloy, Bank of New York Mellon und Wells Fargo, VanEck Morningstar US Sustainable Wide Moat ETF (WKN: A12CCN); VanEck Morningstar Global Wide Moat UCITS ETF (WKN: A2P6EP), VanEck Morningstar US Wide Moat ETF, (ISIN: IE0007I99HX7) und VanEck Morningstar US SMID Moat ETF (ISIN: IE000SBU19F7). Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hier findet ihr alle AAA-Bonus-Episoden bei WELT – dazu den AAA-Newsletter und noch weitere WELTplus-Inhalte: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

The Bank of New York Mellon's Q4 2023 earnings call, unedited

BNY Mellon CEO Robin Vince discusses the bank's 240-year history, preparing for any kind of 2024 economy and his expectations that US policymakers will loosen proposed regulations for the industry. He speaks with Bloomberg's Romaine Bostick.  See omnystudio.com/listener for privacy information.

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Michal Cieplinski discusses Fintech Michal Cieplinski is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School. Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms ?https://linktr.ee/Efiglobal See more podcasts here.

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Capstack https://www.capstack.com/Michal Cieplinski   / michalcieplinski   is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School.

It's a huge treat to get the behind-the-scenes stories of the crucial transitions and incredible growth of some of the most iconic companies in the world. And that's why our guest today needed a two-part episode.Last week we shared the first half of my conversation with Ed Garden, Founder of Trian Fund Management and most recently, Garden Investments. Ed was Chief Investment Officer at Trian until May of 2023, and oversaw the company's portfolio management, idea generation, and due diligence activities. He presently serves as a senior advisor.Ed has extensive experience engaging with public company management teams and boards and currently serves on the board of General Electric. He previously served on the boards of Bank of New York Mellon, Family Dollar Stores, Invesco Janice Henderson Group, Pentair, The Wendy's Company and Triarc Companies earlier in his career. Ed worked at Credit Suisse First Boston as an investment banker and BT Alex Brown, where he was co-head of Equity Capital Markets. Ed has a BA in Economics from Harvard. In Part One of our interview, Ed told us how he broke into the investment world, and also shared Trian's origin story. In Part Two, we dive into Garden Investments, as well as Ed's work on various boards, including how he overcame some major challenges at General Electric. Highlights: Ed's approach to first investments (2:25) Reinventing businesses, and Ed's experience on boards, specifically General Electric (5:18) Lessons Ed learned from fellow board members (10:15) How Ed approaches executive compensation as a board member (14:12) Ed's input on the current market and macro environment (16:29) Garden Investments' outlook and mission (18:46) Investors that inspired and mentored Ed (21:30) Garden Investments' values (22:46) Links:Trian Fund Management on LinkedInTrian Fund Management WebsiteTSG on LinkedInTSG WebsiteICR LinkedInICR TwitterICR WebsiteFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

Meet Robin John, the CEO of Eventide, a $6B asset management firm.  Robin and his co-founder defied the odds, launching Eventide in 2008 with no track record, no assets, but unwavering belief. 15 years and $6B dollars later, we know they were onto something. Listen in as he and Stacy discuss:  ●      His backstory – How watching his mother do meaningful work in the world as a nurse taught him the value of purpose and impact early on ●      How he stayed rooted in his mission and defeated the odds in the early days of launching his boutique ●      Common misconceptions about activism and how he does it differently  …and so much more.  This is a real-life David vs. Goliath story that's both gritty and uplifting – every investment boutique and investor will learn something valuable from Robin's story.  About Robin John: Robin John serves as a Founding Member and Chief Executive Officer of Eventide. He is responsible for the overall leadership of the organization, and under his leadership, the firm has grown into a leader within values-based investing.  Prior to Eventide, Mr. John held leadership roles for Bank of New York Mellon. He has also served as a business consultant for Grant Thornton. He has a degree in Economics from Tufts University.---Eventide Asset Management, LLC (“Eventide”) is a Boston based investment adviser. All statistics as of 9/30/23 unless otherwise noted. Nothing in this podcast should be construed as a recommendation or offer to purchase or sell or a solicitation to deal in any security or financial product. Eventide does not provide tax, accounting, or legal advice. Eventide's values-based approach to investing may not produce desired results and could result in underperformance compared with other investments. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. - - - Thank you to our Billion Dollar Backstory podcast sponsor: Ultimus Fund Solutions. You want to launch an interval fund (but don't know where to start). Ultimus has your back. Their in-depth guide answers your real questions. 

Véngase usted a Madrid a ver a Rallo, Lunaticoin y a mí, entre otros, el 18 de noviembre. Un día de conferencias sobre Bitcoin con un descuento del 40% (Código mera40) Compra aquí.Compra BTC en Relai (descuento de un 0.5% con código ALBERTOMERA)Usa este enlaceBuscas un monedero seguro para tu bitcoin? Yo recomiendo BitboxUsa este enlace para comprarlo (5% de descuento con código UPSB al final del carrito)Enlace para comprar BTC en Peach por si Relai no te va o buscas total privacidad (pagando más).Si quieres disfrutar de breves vídeos con curiosidades que te permitan quedar bien en cualquier conversación sobre economía, bitcoin, política, energía... Echa un vistazo al canal de Youtube del podcast.La mejor experiencia de escucha de podcasts es una que te permite enviar y recibir sats mientras disfrutas de tu contenido. Esto ofrece Fountain. Puedes encontrar UPSB ahí junto con la mayoría de podcasts que sigues. Temas tratados:¿Alguna vez te has preguntado cuán frágil puede ser nuestro sistema financiero? La idea de que un solo USB tiene el poder de desestabilizar la economía mundial puede parecer de película, pero es la realidad que vivimos. En este episodio, exploramos este fenómeno, revelamos cómo el Bitcoin podría entrar en escena y discutimos las recientes palabras de Draghi sobre la posible muerte de Europa. Además, analizamos el caos financiero generado por un hackeo a dos grandes bancos; el chino más grande del mundo y el Bank of New York Mellon. Todo esto mientras reflexionamos sobre la posibilidad de encontrar una renta vitalicia para todos.Pero eso no es todo. ¿Sabías que un pequeño impuesto fue el detonante de la revolución americana? Pequeñas acciones pueden desencadenar grandes cambios, y en nuestro análisis de este hecho verás cómo. También debatimos sobre la preocupante caída de la productividad en la Unión Europea, el impacto del euro en la política monetaria de los países miembros y las dificultades para llegar a un acuerdo de comercio con Canadá. Además, exploramos cómo el miedo puede ser utilizado para influenciar las elecciones y cómo la derecha española está dispuesta a tomar las calles. Support the showDudas y preguntas: TwitterMírate Fountain para escuchar tus podcasts favoritos y recibir sats. Puedes encontrar UPSB ahí junto con la mayoría de podcasts que sigues. Descargo de responsabilidad: Todo lo discutido en este episodio debe ser considerado como entretenimiento solamente y jamás como consejo de inversión. Nada de lo dicho aquí tiene un propósito de asesoramiento financiero o recomendación.

Today we're celebrating a big milestone for the show: It's our 100th episode of Welcome to the Arena and we're marking that huge achievement with a 2-part interview with an influential player in the investment world. Our guest today has had an incredible career and our conversation was packed with inspiring stories and insightful advice.We're sitting down for part one of our interview with Ed Garden, Founder and CEO of Garden Investments. Prior to starting Garden Investments, Ed founded Trian Fund Management in 2005 with Nelson Peltz and Peter May. He was Chief Investment Officer at Trian until May of 2023, and presently serves as a senior advisor.As Chief Investment Officer, Ed oversaw Trian's portfolio management, idea generation, and due diligence activities. He has extensive experience engaging with public company management teams and boards and currently serves on the board of General Electric. He previously served on the boards of Bank of New York Mellon, Family Dollar Stores, Invesco Janice Henderson Group, Pentair, The Wendy's Company and Triarc Companies earlier in his career. Ed worked at Credit Suisse First Boston as an investment banker and BT Alex Brown, where he was co-head of Equity Capital Markets. Ed has a BA in Economics from Harvard. Highlights: Ed's upbringing and the role of academia and education (3:17) Getting into the job market, and Ed's first position in investment banking (6:18) How Ed's work in banking influenced his path to starting an activist firm (10:20) Early challenges Ed and his team faced when founding Trian (12:30) The investment approach and strategy taken at Trian (16:05) What made Trian's investment approach unique (17:28) The relationship between capital allocation and capital governance in investing (22:36) What CEOs don't understand about their company's value in the stock market (23:53) How Ed "de-conglomerated" some companies (25:24) What makes investment partnerships difficult in activist investing (28:44) Links:Trian Fund Management on LinkedInTrian Fund Management WebsiteTSG on LinkedInTSG WebsiteICR LinkedInICR TwitterICR WebsiteFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

On this day in legal history in 1929, the Privy Council of the United Kingdom declared women officially “persons” under the laws of Canada. Which is good, that's a good thing to do, generally. People should be persons. On October 18, 1929, a landmark decision by the Privy Council of the United Kingdom fundamentally altered the legal status of women in Canada. On this day, the Privy Council overturned a ruling made by the Supreme Court of Canada in the case of Edwards v. Canada. The case was initiated by Emily Murphy, the first female magistrate in the British Empire, and four other women—Henrietta Muir Edwards, Irene Parlby, Louise McKinney, and Nellie McClung—who collectively came to be known as the Famous Five. A lawyer had challenged Murphy's right to preside over a court on the grounds that she wasn't a "person" under Canadian law, leading the Famous Five to challenge this narrow interpretation of the term "persons" as outlined in the British North America Acts, the governing laws of Canada at the time.The Supreme Court of Canada initially ruled against the Famous Five, upholding the traditional interpretation that excluded women from the definition of "persons." This decision mirrored societal prejudices that marginalized women, relegating them to domestic roles and barring them from public life. However, the Privy Council of the United Kingdom, which served as Canada's final court of appeal at the time, reversed this ruling. They declared that the exclusion of women from public offices was a "relic of days more barbarous than ours," offering a more progressive and inclusive interpretation.Lord Sankey, who delivered the Privy Council's judgment, questioned why the term "persons" should not include women, framing it as a matter of logical and moral imperative. This decision dramatically expanded the range of professional and public opportunities available to women in Canada and had ripple effects across the globe, inspiring movements for gender equality.Today, October 18 is celebrated as Persons Day in Canada, marking the victory of the Famous Five and commemorating the broader fight for gender equality. The decision serves as an enduring reminder for legal scholars, activists, and students about the power of the legal system to redefine societal norms and advance human rights.The issue of the state-and-local tax (SALT) deduction cap, instituted by the GOP in 2017, is becoming a contentious point in the upcoming elections, particularly for blue-state Republicans. The cap limited the SALT deduction to $10,000 and was initially opposed by several House Republicans from high-tax states. Although many of those opposing Republicans are no longer in office, a new batch of lawmakers from blue states is fighting to restore the full SALT deduction, albeit without success so far. This situation is giving Democrats an advantage, as candidates vow to make the removal of the SALT cap a priority if elected.Democrats' message that Republicans are responsible for a tax hike has resonated in previous elections and appears to be effective again. Republican representatives such as Mike Garcia of California have admitted that winning would be easier if their party agreed to lift the cap. The upcoming elections are critical for future tax policy discussions, as many elements of the 2017 tax law, including the SALT cap, are set to expire in 2025.By way of brief background, the SALT cap deduction refers to the limitation placed on the amount of state and local taxes (SALT) that can be deducted from a filer's federal income tax. Implemented as part of the Tax Cuts and Jobs Act of 2017, the cap is currently set at $10,000 for both single filers and married couples filing jointly. The SALT cap has been a point of debate, as it disproportionately affects taxpayers in states with higher income and property taxes–those states where more folks are likely to be exceeding $10,000 in property tax.Democrats have successfully used the SALT issue to gain an edge in previous elections, unseating Republicans who opposed the 2017 tax law due to the cap. Some candidates have characterized the 2017 law as a "weaponization of the tax code" against Democratic states. However, it's worth noting that not all Democrats are united in removing the cap. Progressive Democrats argue that the SALT deduction disproportionately benefits the wealthy and have resisted attempts to eliminate it from the Build Back Better legislation.Even as some Republican candidates try to align their party's stance with raising or eliminating the SALT cap, they face internal resistance. The issue has even stalled GOP efforts to pass tax bills, as some refuse to vote for any package that doesn't address the SALT cap. As it stands, the SALT cap issue remains a potent weapon for Democrats, particularly in high-tax states, and could significantly influence the electoral outcomes in the 2024 elections.SALT Cap Haunts GOP House Candidates as Democrats Turn TablesThe Securities and Exchange Commission (SEC) has notably excluded environmental, social, and governance (ESG) investing from its focus areas for 2024, a shift from previous years when it was listed as a priority. The agency's Division of Examinations priorities for the year did not make any direct mention of ESG, even though the topic was a key area of scrutiny in reports for 2021, 2022, and 2023. An SEC spokesperson clarified that the published priorities for 2024 are "not exhaustive" and other issues could still be addressed.This change comes as the SEC seems to be distancing itself from the ESG label in the context of corporate disclosures. An agency official mentioned that the commission is focusing more on "emergent risks" rather than using the ESG terminology. The label itself has come under scrutiny and has been politicized, leading companies like BlackRock and McDonald's to drop or downplay the term.For 2024, the SEC has shifted its focus to anti-money laundering controls, cryptocurrency, and cybersecurity. Despite this shift, it's worth noting that the SEC's Climate and ESG Task Force has been active in enforcement, settling cases with Goldman Sachs, Bank of New York Mellon, and Deutsche Bank over allegations of improper ESG investment claims and procedural failures. The SEC's deprioritizing of ESG in its 2024 exam priorities does not necessarily signal an abandonment of oversight in this area but indicates a shift in the regulatory landscape.SEC Drops ESG From List of Compliance Priorities in 2024Google has requested a California federal court to dismiss a proposed class-action lawsuit alleging that the tech giant's data scraping activities for training its AI systems violate people's privacy and property rights. The company argues that using public data is essential for training AI technologies like its chatbot Bard. Google contends that the lawsuit could significantly harm not just its services but also the development of generative AI as a whole. The lawsuit, filed in San Francisco by eight unnamed individuals, accuses Google of improperly using content from social media and other Google platforms for AI training.The suit is part of a broader trend of legal complaints against tech companies for allegedly misusing various types of content, such as books, visual art, and personal data, for AI training without permission. Google's general counsel, Halimah DeLaine Prado, dismissed the lawsuit as "baseless," stating that U.S. law permits the use of public information to create new beneficial uses. She also refuted allegations that the company uses non-public information from services like Gmail for AI training without consent.The lawsuit covers a wide array of content, from photos on dating websites to Spotify playlists and TikTok videos. One plaintiff, described as a best-selling author and investigative journalist, claimed Google copied her book to train its chatbot. Google responded that such use falls under the fair use doctrine of copyright law and criticized the lawsuit for lacking specific details on how the plaintiffs were harmed.Google says data-scraping lawsuit would take 'sledgehammer' to generative AI | ReutersIn the ongoing fraud trial of Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, defense lawyers are challenging the portrayal of the company's investments as "reckless and frivolous." This comes after testimony from Nishad Singh, FTX's former engineering chief, who described the company's spending on marketing and celebrity endorsements as excessive. Singh, who has pleaded guilty to fraud and is cooperating with prosecutors, testified that he thought FTX could survive despite a $13 billion shortfall in customer funds, a point that could support Bankman-Fried's defense.Bankman-Fried is in his third trial week, facing charges related to allegedly looting billions from FTX customer funds for various investments and political donations. He has pleaded not guilty. His lawyer, Mark Cohen, pressed Singh on the business benefits of marketing expenditures, potentially framing them as good-faith business decisions rather than fraud.Singh also testified about a deal FTX had with investment firm K5, which he had previously described as "toxic" for the company's culture. Cohen pointed out that K5 helped with more than just celebrity endorsements; it also assisted in investing in a tequila brand run by a celebrity. A lawsuit against K5 alleges that a Bankman-Fried-controlled company used $214 million in FTX funds to buy a stake in celebrity Kendall Jenner's 818 Tequila brand, valued at just $2.94 million at the time.Bankman-Fried's defense maintains that while he made mistakes in running FTX, he never intended to defraud anyone. Jurors have also heard from other former executives who have pleaded guilty to fraud and are cooperating with the prosecution. One significant point came when Singh acknowledged buying a $3.7 million home using FTX customer funds, stating he was "ashamed" and had agreed to forfeit the property as part of his plea agreement.Sam Bankman-Fried's lawyer says FTX investments were not 'reckless' | ReutersA California state judge has ruled that the $90 million legal dispute between Elon Musk and law firm Wachtell, Lipton, Rosen & Katz should go to arbitration rather than be settled in court. Judge Richard Ulmer agreed with Wachtell's argument that both parties had "clearly and unmistakably" agreed to let an arbitrator decide on the claims subject to arbitration. Elon Musk, who renamed Twitter to X after acquiring it, had filed a lawsuit against Wachtell to recover $90 million in fees, accusing the law firm of receiving an "improper bonus payment" that violated its fiduciary and ethical duties.The judge's decision to compel arbitration was made without objection from either party, and the merits of Musk's claims were not addressed in this ruling. Wachtell, which represented Twitter in the acquisition deal, has denied Musk's allegations. A spokesperson for Wachtell declined to comment on the ruling, and attorneys for Musk did not immediately respond to requests for comment.In the lawsuit, Musk claimed that Twitter executives "ran up the tab" by designating large amounts of money as "success" or "project" fees for law firms involved in the deal. Musk argued that Wachtell unfairly profited from the transaction. In response, Wachtell stated that Twitter's board had approved their fee, arguing that they had facilitated a deal ensuring "billions in value for Twitter's stockholders." The case is known as X Corp v Wachtell, Lipton, Rosen & Katz in the San Francisco Superior Court.Elon Musk's Twitter fee fight with law firm Wachtell belongs in arbitration, judge says | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

What is behind the Bank of America and Bank of New York Mellon's profits' growth? Meanwhile, how did Keppel REIT perform in its recent earnings release? And to what extent will the war in the Middle East weigh on United Airlines profits? Michelle Martin asks Ryan Huang.See omnystudio.com/listener for privacy information.

Julián Coca, responsable de Renta Variable de Amchor Investment Strategies, resalta y analiza las cifras de Bank of America, Bank of New York Mellon o Goldman Sachs, entre otras.

In this episode of "Startup Mindsets" we dive headfirst into the fascinating notion of how AI is set to change recruiting and hiring with Mehdi Taifi, CEO and founder of Rolescale. We also talk working on Wall Street, Silicon Valley, and quitting a career with a safety net to pursue entrepreneurship. About Mehdi: Mehdi is the Founder and CEO of RoleScale, a SaaS company specializing in AI based solutions in the recruiting tech space. Mehdi is an experienced founder with over 18 years of Wall Street and Silicon Valley experience combined. He was one of the early joiners at Robinhood where he built and scaled operations for their brokerage division. Mehdi also worked on Wall Street for some of the top investment banks including Bank of New York Mellon and Deutsche Bank. Giving candidates a fairer chance at landing a job. Conversation Time Stamps: (5:00) What Rolescale does/inspiration for starting (12:00) Being data driven, efficient, and automated to save recruiters time/energy (23:00) Moving from wall street to silicon valley (28:00) Carving out a niche in the recruiting industry (31:00) Helping grow a startup to unicorn status (34:00) Making the decision to leave Robinhood and do a startup full time (40:00) discipline, keep motivating yourself (42:00) Working with the founders of Robinhood. The value of a humanities/nontechnical degree(45:30) Getting a job in tech is tough (49:00) Miami Tech/startup scene (55:00) Writing and publishing a novel on magical realism (58:00) Is getting a degree in the humanities worth it? (60:00) the value of philosophy, today. (62:00) How art and philosophy ties into a business by taking a logical approach (64:00) Leading a company despite the emotional toll (66:00) understanding team member's motivations and pulse check on how the team is feeling. Follow us on your podcast platform and leave a review, your listenership means a ton!

More Talk from Feds - Jackson Hole Confab Another government shutdown looming? Hot Dogs, get Your Hot Dogs! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - US Rates on the move - Jackson Hole Confab this week - Powell talking Friday - Another government shutdown looming? (September) - Russian Moon Landing - Not so good - Hot Dog Wars - Schmuchalucks Market Update - China freaking out investors - not showing big support - The S&P 500 index fell 2.1% last week, extending the market benchmark's losing streak to a third consecutive week as bond yields climbed to highs not seen in years. - The drop came as Treasury yields rose to multi-year highs; the 10-year Treasury yield hit a 16-year high and the 30-year Treasury yield reached a 12-year high - The SPAC is back? IPO opps? Parts of the market still yearning for risk (casino vs investing) - Moody's gets into the fray - cuts bank ratings Yields - Moving - 10-Year tops 4.35%++ - Long-term on a losing streak --- Meaning: High rates for longer being accepted by markets - also spread may narrow on curve - Minutes released this week from the latest Federal Open Market Committee meeting indicated most committee members saw "significant upside risks" to inflation, which could prompt the central bank to further raise its benchmark lending rate. Long vs. Short 10-Year Pop! Moody's - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability. - Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon, US Bancorp State Street and Truist Financial on review for potential downgrades. Inflation - Rice - Rice prices surged to their highest in almost 12 years, after India's rice export ban and adverse weather conditions dented production and supplies of Asia's primary staple food, according to the UN's food agency. Tesla - Tesla shares (TSLA) led the consumer discretionary sector's drop, falling 11% last week as reports said the electric vehicle maker reduced the prices for its premium Model S and Model X vehicles in China, its second price cut in the country this week. - The company also launched two cheaper versions of its Model S sedan and Model X sports utility vehicle in the US. NVDA - Earnings out on 8/23 - a good bit of optimism going into the print - Recent upgrade to the stock - HSBC upped their tgt on NVIDIA (NVDA) to $780 from $600 Odd Tech - Earnings AFTER the close on Friday (last) --- Worried investors - why would a company do that? (Friday Night Dump?) - - - Stock is ramping higher on the news.... - Palo Alto Networks — The security software vendor soared 12.5% following an earning's beat after the Friday market close. Fiscal fourth quarter adjusted earnings per share came in at $1.44, topping the $1.28 expected from analysts polled by Refinitiv. Revenue, however, fell short Earnings Roundup - Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts' estimates. The advanced manufacturing services company posted non-GAAP earnings of $1.86 per share, greater than the $1.80 earnings per share expected - Dicks Sporting Goods shares plunged nearly 20% after the retailer reported an earnings miss and cut guidance for the year, due in part to an increase in retail theft ----- The tell ? Dicks announced management layoff and cost savings a day before the earnings -  Macy's slid about 1.6% after reporting second-quarter earnings.

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über neues Hype-Futter bei NovoNordisk, Spekulationen über Grand Theft Auto VI und enttäuschte Hoffnungen bei Upstart. Außerdem geht es um Intesa Sanpaolo, Unicredit, Bper Banca, Deutsche Bank, Commerzbank, BNP Paribas, ING, Banco Santander, NovoNordisk, Eli Lilly, Bayer, LVMH, Bank of New York Mellon, State Street, Moody's, Lyft, Uber, TSMC, Infineon, NXP, Upstart, Take Two, 10x DNA (WKN: DNA10x), ARK Innovation (WKN: A14Y8H), Global BIT Internet Leaders (WKN: A2N812), Dirk Müller Premium Aktien (WKN: A111ZF), Dirk Müller Premium Aktien Offensiv (WKN: A2PX1T), PI Global Value Fund (WKN: A0NE9G), PI Vermögensbildungsfonds (WKN: A1J3AM), Grönemeyer Gesundheitsfonds Nachhaltig (WKN: A2PPHK), Xtracker MSCI World Health Care (WKN: A113FD), Zukunftsfonds (WKN: A2DTM6), Paladin One (WKN: A1W1PH) und Berkshire Hathaway. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Micaela Christophe, Vice President of Bessemer Trust, Joins Amanda Ma, CEO and Founder of Innovate Marketing Group, to discuss what makes an event go from good to great! Listen Now on EventUp!  Micaela Christophe is a Vice President for Corporate Event Management at Bessemer Trust. In this role, she is responsible for the planning, execution, and management for 75-100 events annually across the U.S. Guests include clients, prospective clients, and COIs. Prior to joining Bessemer, Micaela worked for Bank of New York Mellon, where she managed global events with ownership of the client entertainment program including sporting events and concerts. She also served as Corporate Events Liaison for BNY Mellon's employee resource groups and was actively involved in enterprise-level events driving diversity, equity, and inclusion strategy, including events surrounding talent recruitment, employee development, and client engagement. She serves as a founding junior board member of Part of the Solution, an organization that assists New Yorkers struggling with poverty. She is a past recipient of Harlem YMCA's 50 Achievers in Industry award and has been featured on the EMpower 100 Ethnic Minority list and the BizBash x Connect 40 Under 40 list for event professionals. Micaela earned an M.B.A. in marketing and project management from Iona College and a B.A. in communications from SUNY Albany.

The Bank of New York Mellon Corporation, Q2 2023 Earnings Call, Jul 18, 2023

In this episode, Katie talks with Judy van Zon and Katherine Starks about the ORSC™ certification program. Judy is currently Director of Certification at CRR Global, and Kathie is a recent alumnus of the program. The ORSC Certification program is a unique and comprehensive eight-month program with extensive practice and online study designed to produce the best ORSC practitioners in the world! Throughout this conversation, we discuss what makes the program so unique, the intentions and outcomes of the course, edge crossing, the practicalities of the course, the impact of world work, and much more.For more information on the ORSC Certification Program, please click here.Judy van Zon helps her clients better connect to their own inner wisdom and power. In her team coaching, Judy believes that working with the ORSC model is a very powerful way to build bridges in relationships. It goes far beyond familiar skills like empathy and active listening. It offers a whole new way of looking at people and how we live and work together. Her focus is on working with corporate leaders and teams. Training others in this allows her to spread this energy throughout the world. She also applies her skills to roles like facilitating and mentoring. For the last 25 years, she has lived and worked in six countries on three continents, the last 3.5 years in India and the region around. She is now back in the Netherlands and is CRR Global's current Director of Certification. Judy speaks Dutch, English, German, Spanish, and French. With a master's in business administration, her professional career started in the commercial operations of an international consumer goods company. Katherine Starks has spent most of her career in financial services, the last 15 years in senior leadership positions. This experience laid the groundwork for a natural progression to the next stage: coaching and mentoring other professionals so that they too can find their path and passion in life. Kathie's coaching journey began during her years in the corporate world, first becoming an ICF Certified Co-Active Coach and later embarking on her ORSC journey just as she pursued her final and most challenging role as CEO and Branch Manager of the Bank of New York Mellon in Frankfurt. At the beginning of 2022, Kathie left the corporate world so that she could dedicate all her time and energy into pursuing her dream of coaching successful teams and fulfilled leaders. For over 20 years, CRR Global has accompanied leaders, teams, and practitioners on their journey to build stronger relationships by focusing on the relationship itself, not only the individuals occupying it. This leads to a community of changemakers around the world. Supported by a global network of Faculty and Partners, we connect, inspire, and equip change agents to shift systems, one relationship at a timeWe believe Relationship Matters, from humanity to nature, to the larger whole.

This interview blew my mind!! You are going to love it! And not only that, you're going to want to share it with everyone you know! Cyber security expert, Maria-Kristina is my guest and not only does she have an impressive resume (worked at the Pentagon to name one), she is so fun to talk to! We are talking about how to protect your family from cyber criminals. Maria-Kristina breaks things down in a really simple to understand way which is one of the reasons I love her! We talk about the two main areas of risk to look out for, how to be the “Chief Information Officer” of your home, and what to do if you have been involved in a cyber security breach. In this episode, we talk about teaching our kids to have a “general scepticism”, to notice if they feel fear or shame when interacting online, and using those feelings as a red flag to alert them that something's not right. It's time to talk to our kids about ai and deep fakes because they are becoming more and more common and sophisticated. She also suggests that we use the “grocery store rule” in sharing personal information with others.  From the episode, the links we mentioned are below: Sextortion video: https://youtu.be/v5d9-zifXn4 Cyber Security Breach: www.haveibeenpwned.com Keeping your information out of the hands of criminals using Kanary: https://www.kanary.com/?outfoxm#sign-up (Get one month free with this link) Please share this episode with friends and family. You will save them from worry and stress that can absolutely be avoided. For Maria-Kristina's "Home Network Security 1-Pager", you can download it from the Parent Toolbox. www.parent-toolbox.com About Maria-Kristina Hayden Maria-Kristina is an internationally recognized expert in cyber hygiene and resiliency. Her mission is to raise global levels of cyber-risk awareness and enable organizations (and individuals) to take control back from cybercriminals. She has delivered security awareness sessions and wargames to over 15,000 people worldwide. She is a sought-after keynote speaker, author, and 2022 recipient of the Women in Technology Excellence “Security Leader of the Year” award. Maria-Kristina is CEO & founder of OUTFOXM INC, the world's first boutique consulting firm advising Fortune 500 enterprises on immersive cyberattack simulations and human-cyber risk. In prior positions she led the Bank of New York Mellon's Cyber Wargaming program, served as a Cyber Intelligence Officer for the Defense Intelligence Agency (DIA), supported the U.S. military as an Air Force civilian at the Pentagon, and served as a Congressional researcher in the House of Representatives. She holds a Master's degree in Cyber Intelligence from the National Intelligence University and a Bachelor's degree in Security Studies from Georgetown. Social Media: Website: https://www.outfoxm.com  LinkedIn: https://www.linkedin.com/company/outfoxm/ Facebook: @outfoxm Instagram: @outfoxm YouTube: @outfoxm About Robbin Robbin is a Certified Parent Coach, author, podcaster and speaker. Her work focuses on building and strengthening the parent child relationship so that children grow up with resilience, confidence and strong emotional intelligence. She works with parents to help them understand their own emotions and frustrations in parenting, so they can help build their children's sense of self without losing themselves in the process! Robbin's award-winning podcast, Parenting our Future, is ranked in the top one percent of all podcasts globally. And she is recognized as one of the “Top Moms in Podcasting” by Podcast Magazine in 2020 & 2022.   Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Lessons I Learned in Law, Scott Brown speaks to Dina White. Dina is General Counsel at Zodia Markets, where she leads the Legal function, including providing guidance and direction on strategic, governance and risk issues. Prior to her current role, Dina spent much of her career at Bank of New York Mellon and U.S. Bancorp, focusing on mergers and acquisitions, corporate restructuring, corporate trustee work and complex financial products. Dina shares the three lessons she has learned in law including:·      Lawyers have a privilege and its our duty to give back to society. ·      Do the work you love, but don't ignore the boring parts of the job!·      Communication and connection are key to our work and our wellbeing. Dina discusses the powerful impact that lawyers can have on society, supporting people in need and providing access to the law to those who need it most. To this end, she describes how rewarding she found some of the pro-bono work that she's carried out throughout her career.Dina writes regularly on LinkedIn about developments in the world of digital assets, and was named one of Financial News' Twenty Most Influential Women in Crypto. If that's a subject you're interested in, definitely give her a follow on LinkedIn. Presented by Scott Brown of Heriot Brown Legal Recruitment.  Follow Heriot Brown:Twitter | LinkedIn |  Facebook | InstagramThis episode of Lessons I Learned in Law is brought to you by Beamery.Beamery is an AI-powered talent platform, designed to hire candidates faster, develop the skills of your workforce, and increase employee retention.Find out more at Beamery.com

Treasury is a universal language – but how do the nuances vary across different industries? After starting out in banking, this week's guest has spent decades managing treasury in insurance and on this re-run episode of The Treasury Career Corner, Dan Ferguson, Group Treasurer at Resolution Life, is back! He fills us in on his career since he appeared on the show in 2019, how the industry has changed and how COVID and remote work has affected him. Dan began as a Treasury Operations Clerk at Bank of New York Mellon in 1997. He later worked as a Finance Assistant for Lloyds Banking Group before moving into treasury as an Assistant with Ernst & Young. He became Treasury Operations Analyst at Thomas Cook UK in 2001 before joining RSA where he would spend 19 years as Treasury Dealer and later Treasury Manager and Group Treasurer. Since May 2022, Dan has been Group Treasurer at Resolution Life, a global manager of legacy life insurance portfolios. On the podcast we discussed… Dan's 2019 predictions for how Brexit would affect treasury Transitioning to remote work Why treasury is and always has been a strategic function What's behind his management style The importance of communication skills The challenges he faced managing treasury in insurance The benefits of networking Changes to Dan's career Why qualifications are key in treasury You can connect with Dan Ferguson on LinkedIn. Are you interested in pursuing a career within Treasury? Whether you've recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move! If you're enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts click here!

Please follow and subscribe to Brazil Crypto Report on Substack for more news, analysis and interviews examining the Brazil crypto ecosystem.   In today's episode I talk with Jorge Borges who heads up Fireblocks' sales operations for Brazil and Latin America. We talk about Jorge's background in finance and tech before jumping into crypto and digital assets. Fireblocks provides blockchain infrastructure services to digital native and traditional finance customers - ranging from small Web3 gaming startups to the world's largest custodians and banks like Bank of New York Mellon. In this episode we discuss: Fireblocks' ethos as a cybersecurity provider that offers a tech stack that enable clients to build their own solutions How Fireblocks differs from other institutional infrastructure firms operating in the space Jorge's experience one year into the job How Brazil's TradFi banking sector is approach the Digital Real and asset tokenization, and the role Fireblocks plays as an infrastructure provider for these use cases Fireblocks' pilot project with Aave in the Brazilian Central Bank's Digital Real Lift lab cohort

Regulators would like to see increased central clearing of US Treasury securities to further strengthen the resiliency of the financial system. What are the implications of this potential change? ISDA talks to Brian Ruane at Bank of New York Mellon. Hosted on Acast. See acast.com/privacy for more information.

Global Policy Watch: Bailout Pe Bailout Pe BailoutInsights on global policy issues relevant to India— RSJWhere do I start this week? Maybe with a spot of self-promotion. Pranay and I were guests on the popular Hindi podcast Puliyaabazi. I have been a long-time fan, so it was nice to be a guest there. Pranay usually co-hosts this with Saurabh and Khyati, but this time, he was on the other side. I felt a bit like Uday Chopra, who is only in the film because he is the producer's brother. Anyway, I think a good time was had by all as we covered a wide variety of topics - Enlightenment and why it didn't happen in India (short answer: there wasn't any need, really), why we write this newsletter (majboori) and the usual quota of Bastiat, Smith and Rorty (showing off). Do listen if you have time (of course, you do).Moving on. Here is a quick run-through of what's gone on since my last post. Another US regional bank, Signature Bank, stared into the abyss with depositors making a run to withdraw their money as analysts looked around for large unrealised losses sitting on banks' balance sheets. Fed officials spent their weekend hawking the other failed bank, Silicon Valley Bank (SVB), to potential buyers. But who in their right mind will buy out a troubled bank in these times? More so after all the trouble that the likes of JP Morgan Chase had buying out such banks during the financial crisis of 2009. Running out of options, the Fed, the Treasury and the Federal Deposit Insurance Corporation (FDIC) announced an unprecedented bailout of all depositors of SVB and any other bank that will be in a similar hole in future. Simply put, FDIC will guarantee all deposits and not just those below $250,000 for which there's insurance. To be sure, the equity shareholders and those holding unsecured corporate bonds won't be bailed out. They will lose their shirts. So, this isn't a repeat of the 2009 bailouts. The Fed then went a step further to address the root cause of the problem. Banks are sitting on huge held-to-maturity (HTM) losses on the securities they hold because the interest rates have moved too far up too quickly. And they have a liquidity issue if there are continued withdrawals from the depositors. If they sell their securities today to meet their commitments to give depositors their money when they ask for it, they will have to sell them at a loss. This substantial loss will mean they will need to raise capital from shareholders to keep themselves solvent as per Fed requirements. But who will give them money in this market? Uninsured depositors who play out this game-theory scenario in their minds will therefore withdraw more of their money. Ideally, if they play the scenario right as a collective, they shouldn't. But as individuals, they will make a run on the bank. Soon, the bank will be in a death spiral, and this is what happened at SVB and Signature Banks. The last-minute solution devised by Fed was the creation of what's termed the Bank Term Funding Program (BTFP). Here's how Fed sees BTFP:“The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution's need to quickly sell those securities in times of stress.With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds.”If you didn't have any background to this situation and just read the above note from the Fed, you'd be forgiven if you thought here was a central bank of a developing world economy figuring out a short-term jugaad to solve a crisis at hand. But the Fed didn't just stop here. After all, like the Queen in Through The Looking Glass, it can believe in six impossible things before breakfast. Leaving their struggles to find a buyer for Signature Bank behind, they put together a unique Barjatya style “hum saath saath hain” deal and nudged a number of banks to do their bit to shore up confidence in the banking system: (as CNBC reports)“A group of financial institutions has agreed to deposit $30 billion in First Republic in what's meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon.Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion apiece, while Goldman Sachs and Morgan Stanley will deposit around $2.5 billion, the banks said in a news release. Truist, PNC, U.S. Bancorp, State Street and Bank of New York Mellon will deposit about $1 billion each.“This action by America's largest banks reflects their confidence in First Republic and in banks of all sizes, and it demonstrates their overall commitment to helping banks serve their customers and communities,” the group said in a statement.“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” The Federal Reserve, Treasury Department, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency said in a joint statement.”Remind me now, sometime in the past, I have accused Indian policymakers of what's called isomorphic mimicry. It is a concept developed by Lant Pritchett et al to explain the tendency of governments to mimic other governments' successes, replicating processes, systems, and even products of the “best practice” examples without actually developing the functionality of the institutions they are imitating. Policymaking in developing countries often falls prey to this. A good example of this is imitating the green energy policies implemented in Sweden (a $60,000 per capita economy) in India (a $2000 per capita economy) which has neither the state capacity to implement nor the public readiness to accept such policies. Why am I bringing up isomorphic mimicry here? Well, because I never imagined a day shall dawn when the US policymakers take a leaf out of what India did when faced with a crisis. What the Fed did to save Signature Bank is isomorphic mimicry flowing the other way. To refresh your memory, here's a Business Standard report (Mar 13, 2020) on what the Finance Ministry and RBI did to save Yes Bank in 2020:“Hours after the Cabinet approved reconstruction scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue. While the SBI had earlier announced its decision to purchase 49 per cent shares, both ICICI Bank and HDFC are set to invest Rs 1000 crore each with Axis Bank pouring Rs 600 crore to pick up 60 crore shares of the troubled lender and Kotak Mahindra infusing an equity capital of Rs 500 crore under the RBI's bailout plan.The developments took place soon after Finance Minister Nirmala Sitharaman said that other investors were also being invited.”I guess one way to look at this is if you let fiscal dominance become the central canon of how you manage your economic policy, you will eventually reach the same place as other economies (mostly developing) that have indulged in the same for years. The monetary authorities in the U.S. have been accommodating the fiscal profligacy of the treasury for years. This was accentuated during the pandemic. Trillions of dollars were pumped in to save the economy. I'm not sure how much the economy needed saving then. But that bill has come now. First in the shape of inflation, followed by rapid, unprecedented rate hikes and the inevitable accidents that are showing up now. Almost certainly, a recession will follow. Isomorphic mimicry of Latin American monetary policy indeed. Anyway, that was not the only bailout of the week. We also had Credit Suisse almost going under in a bad case of deja vu to those who have seen 2009. Here's CNBC on this:“Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.The decision comes shortly after shares of the lender fell sharply Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank was quoted as saying it won't be able to provide further assistance. The latest steps will “support Credit Suisse's core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,” the company said in an announcement.In addition, the bank is making a cash tender offer in relation to ten U.S. dollar denominated senior debt securities for an aggregate consideration of up to $2.5 billion – as well as a separate offer to four Euro denominated senior debt securities for up to an aggregate 500 million euros, the company said.”What's that word that starts with C and was used a lot during the pandemic? Well, that C word is knocking at the doors of global finance right now. It is not a contagion yet. But the odds of it happening have significantly gone up in the past week.I will close this by covering the two discussion themes emerging from these events. First, what happens to the hawkish stance the Fed had taken a couple of weeks back on more rapid rate hikes in the light of inflation being sticky and inflation expectations being anchored? This, as I have written earlier, is of real interest to India and its policymaking stance. The Fed is in an absolute bind now before its meeting on Wednesday to take a call on rates. A rate hike in the current environment will make the weak banks look even more vulnerable despite the deposit backstop and the additional liquidity available from BTFP. And who knows what other accidents are lurking that will show up as the rates go higher? Does the Fed want to risk financial instability? On the other hand, inflation is real, and it is an election year. Runaway inflation will mean the eventual taming of it, and the recession that will follow will be hard and long. Who wants to preside over that? I see almost zero chance of a rate hike in this cycle. The Fed might wait till May to resume raising rates after it has weathered this risk of banking contagion and waiting for the April inflation data. But even then, the core problem remains. Further rate hikes will expose weak players, and that will mean we will have accidents. So long as they are small and contained, it is worth the risk of raising rates. But who can predict the nature of the accidents?Second, there's some kind of war that's broken out on social media on who is responsible for the collapse of SVB and Signature. There are those who believe it is the Fed whose actions over the past three years are solely responsible for the situation we are in now. The crux of the argument is that the Fed forecasts the interest rate and then it sets the rate. Banks take bets on long-term securities based on these forecasts. This is called duration risk. If the Fed then sets the rate that's so far removed from their own forecasts, what do poor treasury folks in Banks do? Plus, it is the Fed that has been making the rules since the GFC to direct a whole lot of bank liquidity into the purchase of long-term government bonds. The whole system is rigged by the Fed, and when things go wrong, it cannot pontificate on the risk management practices of banks. The counter to this is that the Fed only puts out an interest forecast based on the data (esp on inflation) that's available. When the incoming data changes, its forecast changes. This deviation is in a narrow band in usual times. In unusual times like what we've been through in the past two years, you may have a bigger variance. Banks have multiple ways to hedge duration risks. Instead of looking at the Fed to apportion blame, one should look at how conveniently the depositors of SVB - the VCs, startups and other cool people - jumped ship at the first sign of trouble when they know such a collective deposit withdrawal will make the situation worse. It is incredibly stupid of this deposit base that prides itself on its ability to see further, take long-term bets and dimension risks better than others, that it could not have the patience to stand by a bank that has served them well. The problem of SVB bank, according to this lot, is they were over-reliant on a lopsided deposit base, and that deposit base acted most stupidly. I think both these debates are going to rage on for some time. The Fed has slipped down the path where it has allowed fiscal dominance to overrule prudent policymaking. It is quite difficult to retrieve ground from there unless you have a Fed Chair with the intellectual heft and drive to restore balance. Equally, asset liability matching (ALM) is a core responsibility of banks. They are supposed to diversify their base of customers, monitor duration risks, and stress-test their balance sheet. All the strutting around as a cool disruptive bank or hanging out with your clients should not distract you from that fundamental truth. You take your eye off it, you veer off the road.    Advertisement: Admissions to Takshashila's Post-graduate Programme in Public Policy (PGP) are now open. This is a fantastic opportunity if you want to dive deep into public policy while pursuing your work responsibilities.India Policy Watch: Milking Consumers and Producers, All at OnceInsights on burning policy issues in India— Pranay KotasthaneWe harp on Hayek's paper, The Use of Knowledge in Society, in this newsletter. Price is a vital signal, a decentralised coordination mechanism between producers and consumers. And so, when governments prohibit its functioning, bizarre things happen. Let's analyse the consequences of price distortion using an ongoing situation — the milk shortage in Karnataka. A bit of background to set things up. Milk is an ‘essential' commodity. Its essentiality is not just a matter of fact or reason but also a carte blanche for Indian governments to regulate the production, supply, and distribution of any commodity that is classified as essential under the Essential Commodities Act (ECA), 1955. In practical terms, it means that the government fixes procurement prices, caps consumer prices, and often owns and runs everything that lies between these the producer and the consumer.So is the case with milk in most states, including Karnataka. The Karnataka Milk Federation (KMF) is a dairy cooperative under the Department of Cooperation, Government of Karnataka. It procures nearly 50 per cent of all the milk that is produced in the state. It sells products under the brand name Nandini. Nearly 50 per cent of its consumption happens in the capital, Bengaluru. Government ownership complicates and comicalises the situation in a way that can only be equalled by a Priyadarshan comic flick. See, for instance, what has happened due to a milk supply chain disruption over the last few weeks. As the summer began early this year, the demand for milk rose sharply. A glass of majjige (buttermilk) or lassi is a wonderful refresher in the heat. Simultaneously, the supply drops in the summer months. Natural adaptation dictates that animals produce less milk than usual in the heat. A bout of lumpy skin disease has further exacerbated the gap between demand and supply this year. For an ordinary product, a rise in prices would iron out this demand-supply gap quickly. With an increase in prices, consumers will rationalise consumption, while the producers will work harder to increase the supply. But when governments own the supply chain, price rises are defenestrated, and a chain of bizarre events emerges.First, electoral concerns circle over pricing decisions like vultures. In this particular case, the government will not touch the price caps with a barge pole because the Karnataka elections are due in May. So the government tries to increase prices in a roundabout way: increase the maximum retail price (MRP) but offer a reduced quantity of milk for the same packet price.Second, shortages abound. Since the administered price rises have not done enough to make the demand-supply gap go away, milk shortages have emerged. The rich can well afford to buy premium milk at higher prices from other suppliers. But for the poor, the milk packets disappear. Instead of paying a slightly higher price until the supply rises again, the less-privileged consumers are left only with an empty glass.Third, the government resorts to blaming private businesses. Someone has to be blamed, and as so often happens in India, businesses get the flak. See this report in The Hindu, which casually places the blame on private players who are now willing to offer higher prices to the dairies and farmers. The report says:“Private players purchasing milk from the retail market to sustain their businesses in milk products is said to be causing a disruption…“He also said private dairies were procuring milk directly from farmers in rural areas by offering a higher price, thus reducing the union's procurement.”We should have been celebrating private players that are offering a better deal to farmers, given the scarcity. Instead, they have become villains. And fourth, a quotidian issue becomes a front for inter-state tensions. The Karnataka government blames dairies in Maharashtra and Tamil Nadu for offering higher prices to farmers within Karnataka, while the Tamil Nadu government is blaming private companies from Andhra Pradesh!Funny, the kinds of things that happen when the government enters and obstructs a control system called “prices”.Even as this satire unfolds, the root cause of the milk shortages isn't even being talked about. The Bangalore Milk Union president admitted that “many small milk producers have given up on rearing cows as it has become unsustainable”. Though he doesn't mention the underlying reason for this change, the bans on cow slaughter and recent attacks on people transporting cattle surely have reduced the incentives for farmers from stepping into this minefield called milk production. HomeWorkReading and listening recommendations on public policy matters* [Newsletter] Economic Forces is a must-read newsletter for all public policy enthusiasts.* [Paper] This paper on the effect of a landmark policyWTF called the Freight Equalisation Scheme explains how good intentions can sometimes produce terrible policies. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Nando Sommerfeldt über eine enttäuschende Industrie-Ikone, einen absoluten Aktien-Klassiker und eine Jahrhundertaktie im Glück. Außerdem geht es um ThyssenKrupp, TUI, Airbnb, Delivery Hero, Vulcan Energy, Walt Disney, Tesla, Spotify, Peloton, Affirm, Marathon Digital, Silvergate Capital, Lyft, Apple, Paramount Global, Louisiana-Pacific, Berkshire Hathaway, CocaCola, US Bancorp, Bank of New York Mellon, Ally Financial, Activision Blizzard, Microsoft, Alibaba, JD, Baidu, Li Auto, Plug Power, Meta, AMC, Gamestop, Lufax Holding und PepsiCo. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Join jE & Simar for an exciting episode of the ReFi Podcast as they welcome Hayley and Ryan from Thallo, the carbon platform revolutionizing the way we tackle carbon emissions. In this episode, they'll be exploring their recent launch of a two-way bridge with bio carbon registry, a key innovation in the space that will unlock demand for quality carbon credits while providing the necessary liquidity and transparency of a decentralized finance market. Thallo is leading the way in providing funding for project developers and land stewards to address one of the most pressing issues of our time. Don't miss out on this story and make sure to share with those who would be interested, and leave your thoughts in the comments… Hayley Moller “If I've learned one thing, it's to never let the fact that you can't fix the WHOLE problem stop you from taking whatever small step you can.” https://twitter.com/hayleymoller Ryan Gledhill “Ultimately, we started Thallo to make a difference.” https://twitter.com/RyanGled 00:00 Intro 03:00 Hayley's Story 06:24 Ryan's Story 09:44 What is Thallo? 15:47 Corporate Adoption 21:30 Where's Thallo at now? 24:37 Projects & Developers 29:17 Explainer 34:25 Traffic Volume so far 37:57 Where's the Market Headed? 41:16 Ecological Succession 47:32 CTA Thallo: Website - https://www.thallo.io Twitter - https://twitter.com/thallo_io Reports - https://www.thallo.io/category/reports/ Two way bridge - https://docs.thallo.io Core members: Adam Dry - https://twitter.com/drygeek Joe Hargreaves - https://twitter.com/JoeHargreaves91 Nicolas Alexander - https://www.linkedin.com/in/nicolas-alexander/?originalSubdomain=es Also Mentioned: Sepandar Kamvar - https://blog.refidao.com/meet/ Orgs: Verra - https://verra.org Toucan - https://toucan.earth KlimaDAO - https://www.klimadao.finance Flowcarbon - https://www.flowcarbon.com BlackRock - https://www.blackrock.com/uk usbank https://www.usbank.com/index.html Bank of New York Mellon - https://www.bnymellon.com/emea/en.html Vantage Capital Markets - https://vcmllp.com r3 - https://r3.comMaker DAO - https://makerdao.com/en/ Bio Carbon - https://biocarbonregistry.com/en/ Al Gore - https://algore.com/project/the-climate-reality-project Project Drawdown - https://drawdown.org United Nations - https://www.un.org/en/ Information CarbonCredits- https://www.investopedia.com/terms/c/carbon_credit.asp Footsie - https://www.investopedia.com/terms/f/footsie.asp Digital Measurement, Reporting and Verification (DMRV) - https://verra.org/wp-content/uploads/Verra-DMRV-WG-TOR-final.pdf Application Programming Interface (API) - https://help.crypto.com/en/articles/3511424-api Blockchain - https://r3.com/blockchain-101/ Web 3 - https://ethereum.org/en/web3/ ESG or CSR journeys - https://blog.worldfavor.com/esg-vs-csr-what-is-the-difference Global North and Global South - https://blogs.glowscotland.org.uk/sl/climateemergencynewsroom/2021/11/03/global-north-vs-global-south/ Articles Verra ban on Tokenisation of retired credits - https://verra.org/verra-addresses-crypto-instruments-and-tokens/ Regen Investor Roundtable - https://lu.ma/regen-investor Join the conversation on Twitter, follow: https://twitter.com/ReFiDAOist https://twitter.com/climateXcrypto https://twitter.com/simarsmangat https://twitter.com/johnx25bd Thanks to our frens at Feed Ignite for the podcast and micro-content production: https://feedignite.com --- Send in a voice message: https://anchor.fm/refipodcast/message

This special episode of Crafted was recorded live at Rise, Created by Barclays, an incubator for fintech startups. In this fireside chat, we speak with Ainslie Simmonds, President of PershingX at Bank of New York Mellon, and D. Orlando Keise, head of Banking Foundational Platform at UBS. Ainslie is building a modern wealth management platform and D. Orlando is building a digital bank from the ground up.  We'll discuss what it takes to innovate at big financial institutions and hear their advice for fintech startup founders.On this episode of Crafted: Ainslie and D. Orlando discuss their time at startups, big banks, and “startups inside big banks.” Both are building very ambitious products at very big, very old banks — and we discuss how they've challenged the status quo. We also dig into why the data layer and foundational platform on which new products are built are so critical if you want to innovate. Plus, the two share advice for fintech founders who are on a mission to democratize finance, as well as what to know when working with — or after you get acquired by — a big company. This is Crafted from Artium: a show about great products, and the people who make them. At Artium, we help startups and enterprises build incredible products, recruit high-performing teams, and achieve the culture of craft they need to build great software long after we're gone. Check us out at thisisartium.com

Frustrated by the risks associated with wire transfers of buyer cash to close? What about the hassle of disbursing to realtors, HOAs, tax collectors and others? Are there options under Florida’s “good fund rules” for other forms of payment? Melissa Jay Murphy 0:00 Welcome to The Fund’s Title Now Pop-up webinar. I'm Melissa Murphy with The Fund and I have the pleasure to host these webinars from time to time on topics of interest to the real estate transaction world. We push this content out to our podcast also. So that way you have continuing access to the conversation. You can share it with interesting colleagues or friends. And coincidentally, our podcast is called Title Now also, and it's available wherever you get your podcasts, so please subscribe. We would love to share information with you, and I would love to get feedback about the topics that we talked about. So, one housekeeping item before we get started, you have the opportunity to pose questions to us in the chat function. Just pose your question there. And I have Bob Rohan from our Legal Education department who will be monitoring the chat and toward the end of our presentation. I'll ask Bob if there are any questions out there that you would like for us to answer. So, let's talk about money. Dealing with the funds in a real estate transaction is one of the most important responsibilities of a closing agent. It's your job to disperse the funds to cover closing costs, seller proceeds, real estate commissions mortgage payoffs, and it's obvious that the parties to the transaction rely on you to do that properly without a hitch. We also must consider what rules have to be followed. Both lawyers and licensed title agents are governed by what we commonly call the Good Funds Rule. Lawyers must adhere to the Good Funds Rule promulgated by the Florida Bar and licensed title agents have to comply with the Good Funds Rule. It's in our Florida Administrative Code. Now these rules are pretty similar, but they're not identical. But the similarity is pretty simple and is around that basic concept. You need to have money in the bank that you're pretty darn sure is real, secure, and irrevocable before you disperse that money. In the language of both the Florida Bar rule and the Florida Administrative Code refers to “collected funds” and they define that as deposited finally settled and credited to the trust account. Otherwise, you're using someone else's money (another client) to cover the check you've written and that's not good. So, the challenge is knowing when the money, however it's been delivered to you, is finally collected. It seems to me that banks have different rules around when monies are going to be available to you. Now, there are also exceptions, there's always an exception, to every rule right. Both title agents and attorneys are allowed to make exceptions for these strict rules. But the exception is based on an intangible thing. If they have a reasonable or prudent belief, that deposit will become collected funds within a reasonable time they can disperse. You know you might be uncomfortable taking that risk. So, is there a solution to this? Is there a better way for money to be sent to a closing agent? Is there a better way for a closing agent to be able to disperse the money that's been sent to them? There is some form of payment coming our way that many think is a great solution to these challenges, real time payments and with me today is Rick Bruhn from the US Bank to talk with us about real time payments. Rick is a senior vice president at US Bank, and he is head of commercial deposits and payments solutions there. So welcome Rick. Thanks for being here. And helping us understand this new form. Rick Bruhn 4:56 Thanks, Melissa. Happy to be here and love talking about RTP and payment innovations. Melissa Jay Murphy 4:58 Let’s start with what I hope is a softball question to you. Give us some high-level definition of a real time payment. Rick Bruhn 5:12 Yeah, great, great question. Right so real time payments are the very first payment rail lot new payment rail launched in the last 40 years within the United States. You know RTP while it's still new in the US it's not super new, right it launched in 2017, with the first payment actually being sent earlier that year between us, US Bank, and Bank of New York Mellon. Over time, you know that the participation within the RTP network has certainly expanded, and the utilization of that network has also expanded. You know there are a lot of positive things around real time payments. It's currently managed by the clearing house which is a consortium of 23 of the largest banks in the United States and internationally. It operates different payment infrastructures within the financial institution sector. And you know, RTP was built to compete with some real time payments platforms that are available and have been actually for as long as 20 plus years and other foreign countries such as Japan, China, other parts of the world. So, you know, our RTP is certainly a game changer. I've been involved in the Title and Escrow industry in the banking side for 15 plus years now and a multitude of different capacities within US Bank. Since the day it was launched in 2017 really thought and still believe you know RTP has the ability to really be a game changer for the title and escrow and settlement services industries. Melissa Jay Murphy 6:52 How is it different from a wire? How is it different from an ACH payment? Rick Bruhn 7:00 Yeah, I mean, fantastic question. Right. So, you know, today in the in the title world, right settlement world, we deal a lot with wire transfers, you know, there you have finality of payment, the revocable ultimately which you know, satisfies the Good Funds Rules that you're talking about at the top of the call Melissa. And, you know, with RTP you get those same features, right, you get irrevocability, finality of payment. It can't be called back. One of the main primary differentiators of RTP to wires are with wires, you're limited by the timeframe you can send them. So, you have from when the Fed window opens 8am to 5:30-5:45pm depending on your financial institution and how long they give you to complete that wire transfer process with them, with RTP it's open 24/7 365 days a year. You want to settle a transaction on Christmas Day at 5pm. Guess what you can do that? You know and then with ACH as most people probably on the call know, depending on the type of ACH payment it is who it's between whether, it's business to business, business to consumer, or consumer to business. There are different callback rules that apply to all those different payment types and the receiver or, if it's debiting funds for a consumer account, they can have up to 60-90 days in order to dispute that transaction. Whereas with RTP, like wires, you don't have that ability. I mean, it really takes an act of God and way to get those funds back. And so, there's that. Melissa Jay Murphy 8:39 I've also heard that ACH payments are not even real time. They can be called that but they're not even real time. There's some way that the bank kind of waits to send ACH payments out. Can you elaborate a little bit on that? Rick Bruhn 8:53 Yeah, absolutely. So you're exactly right. When you're sending or when you're debiting or crediting within the ACH network, you can either push a credit, in essence you're sending money to somebody, or you can initiate a debit transaction where you're actually pulling money from someone else's account. And then those types of transactions are ultimately batched and then each bank has different processing windows for their ACH batches, in which those operate. They generally are every hour, every two hours, something along those lines, but they certainly are not real time. So, if you initiate one now, you won't technically have funds. That process won't even start until maybe one or two o'clock somewhere depending on your institution. Depending on the type of ACH payment you initiate it could be same day which means you get the money at some point today but there's no guarantee as to timing. It can be a one day or two-day settlement as well. So, you may not even see the funds for another day or two and then you still have the dispute window as well to navigate. Melissa Jay Murphy 10:02 I thought there was a kind of quirky thing about ACH. So how does real time payment actually work? So, what are sort of the logistics? Rick Bruhn 10:17 Yeah, fantastic question. So, it works. RTP (real time payments) has a number of different functionalities that a wire transfer has and doesn't have. Ultimately, so like a wire transfer, you can initiate a payment outgoing with an RTP payment much like you would initiate a wire transfer today through your financial institution. So you're probably logging into your online banking system software through your financial institution putting in a name, account number routing number, dollar amounts and maybe additional information etc. in initiating that payment and then you have somebody else probably within your organization that approves that payment before it goes out. Then there's also another functionality of real time payments. It's called request for payment or RFP, which works kind of in reverse, so it's similar to ACH debit in the sense that you are in a way requesting funds from somebody but it's not it doesn't operate like ACH debit where it automatically debits their account. So an RFP within the RTP network, so yourself as a title agent would request payments from me so say “I'm purchasing a house” or “I have signed a contract” and you're trying to collect the earnest money deposit $10,000. So, the title agent could go into their banking software, initiate a request for payment, that will come to me and it's not an email. It's not a text message that I receive or any of that stuff will actually be a notification that I received on my banking app, on my telephone on my cell phone, iPhone, whatever Android. So, it will pop up on the home a US Bank app you have a “Request for Payment” from ABC title company. I open my app, go through the authentication process with my bank to access the app and review the details of the “Request for Payment”. If I accept that and agree to pay it, within the app, it'll automatically then send those funds from my account (Obviously, assuming they are there and available. It won't allow me to overdraft my account to send the money.) to be able to send those funds over to the title agent in real time. As soon as I click Accept or Approve those funds, immediately leave my account, and then would credit the Title Agency account. Melissa Jay Murphy 12:45 So, the only delay in payment would be if you're not paying attention to your phone and you don't get the notification that the request for payment has come to you. Rick Bruhn 12:55 Exactly, exactly. You're exactly right. Rick Bruhn 13:04 Yeah, and we are seeing use cases today within the industry space where it is being utilized to collect earnest money right now today in real time. Melissa Jay Murphy 13:16 So, when the closing agent since the RFP, the request for payment, to the buyer, do they need any information other than just the buyers name and cell phone number? Rick Bruhn 13:31 Great, a great question Melissa. So you know today much like with the existing process, they will need the clients name, full name, account number routing number in order to initiate an RFP today. So when you're collecting if you're putting that money outside of the client being in your office, right so you know, you still have to have a secure method for which to collect that data. ultimately. And then be able to populate that into your banking software. A future state, you could look at a situation in the future where you could actually be collecting that information at the closing table without ever having to request that information upfront if you're dispersing closing funds to a seller or like a cash out refinance. Melissa Jay Murphy 14:19 So that's the earnest money deposit scenario, but I'm kind of getting the impression that this could be a very cool tool to use at the closing table. So, I think you've given some thought to how great this could be at the closing table. So, tell us about that. Rick Bruhn 14:38 Absolutely. I've been sitting around thinking about this for a while and for a lot of the people on the call probably don't realize but the there's a limit for RTP payments today. It's a million dollars. When it was first launched in 2017, it was $10,000. So, there wasn't really a wide applicability for the real estate settlement services space at $10,000. Then it went to $100,000 and even then, for cash out refi or to pay brokers, real estate agents, stuff like that there was some common sense uses to be able to utilize RTP. At a $1,000,000, you cover 95% probably of residential resales nationwide, somewhere in that ballpark. Obviously, wire fraud is pertinent and on the top of everybody's minds within the industry space without a doubt. We see instances where business email compromise or other avenues are utilized to gain access to escrow accounts or to dupe consumers into sending information to a fraudster or sending wires to a fraudster inadvertently. In an RTP world in the future state, you can imagine a situation whereas a title agent you can articulate to your real estate agents, consumers, builders, whomever you're working with, “no, we will never send wiring instructions to a consumer, ever, period.” You're never gonna have to do that. So, there's no business email to compromise ultimately, at the end of the day, right. In that scenario, you show up to the closing table, your consumer comes to the closing table, whether it's a refinance or a purchase sale etc. So, I know your documents and know if there's cash to collect for closing from the buyer. Your escrow agent, or closer or whomever and you would designate in your agency and initiate a request for payment to the consumer. They're at the closing table, from an iPad, from a laptop, whatever that notification shows up on the consumers’ phone. The consumer is able to go in and respond to that RFP, “ABC title agency needs $50,000 for cash to close on a transaction 1234 for XYZ property”, they accept/approve that transaction. The funds immediately leave their checking account, savings account, money market account, whichever and automatically populate into the title companies escrow account. Right there at the closing table, all done, with all parties present. Melissa Jay Murphy 17:35 And that money is finally so. Right then and there. Rick Bruhn 17:37 Absolutely, can't be called back just like a wire transfer. Melissa Jay Murphy 17:42 And I think that this just brings up a really cool images in my mind of how great this would be sitting at a closing table. All the documents are signed, closing agent says “Okay, buyer, are you happy?” “Yes.” “Okay, seller are you happy?” “Yes.” You send the request for payment to the buyer and in a minute or two they get that request for payment on their phone. They open it up. They hit Accept, boom, the money is there. And it sounds like the closing agent could turn to the seller and say “I'm sending you your net proceeds. Boom, here they go.” And they could also do that with the real estate commission? Rick Bruhn 18:34 Yeah, you're exactly right. Melissa Jay Murphy 18:41 How much would a Realtor like that! Rick Bruhn 18:43 We can even go back to the dates when the real time payment transaction limits were $10,000 per payment. We had clients within our Title and Escrow industry vertical portfolio that were actually utilizing that five years to go to pay real estate agents and brokers because for their purposes, it was a competitive advantage because they can pay realtors in real time. There was no fee for the realtor to receive a real time payment unlike with a wire transfer where they get dinged by their bank for $20, $30, $40 fee, depending on the institution, right. The realtor did want to come to the closing and collect the check and then have to go to their bank and deposit the check. They don't have to to get the funds in real time immediately, available to them, and free of charge to receive. Melissa Jay Murphy 19:34 All right this sounds too good to be true, Rick. So, what are the challenges? What are the challenges that we're facing right now? Rick Bruhn 19:38 Like with all new technology, right, it's adoption ultimately is the number one challenge. So roughly 60-65% of all DDA accounts nationwide are covered by RTP participating banks. So, a bank has to be a participating institution on the RTP network in order to initiate or receive a payment and they can participate in a lot of different ways. They can participate in the clearing house and the RTP network can just be a receiving bank where they can receive RTP payments or RFPs, etc. Or they can be an initiation bank. So, you know, smaller institutions will participate in receiving payments where a lot of larger banks like US Bank are full participants within the RTP network. All the major banks are a lot of the regional banks if not all of them are today, I know and talking directly with the clearing house, you know, they could add the next 10 largest banks that are not participants, and it really would not move the dial more than one or two percentage points, ultimately. So it's mostly smaller institutions today that are not participating on the RTP network. And then on the RFP side, that's a new functionality within the RTP network. That's really only been up and running for gosh, basically 2022. All participants within the RTP network today, all of their clients can read all their commercial or corporate banking clients, business clients can respond to an RFP. However, the limitation really right now on that aspect is only two banks, US Bank and City, currently allow consumers to receive and process an RFP request. By the end of this year. We anticipate a couple of the other larger banks Wells Fargo, Bank of America to also be included in that and we anticipate you know, a much larger amount to onboard in 2023 as well. Melissa Jay Murphy 21:44 So, it sounds like the big challenge right now is that only a very few banks allow consumer clients, consumers when they encounter that bank to receive an RFP. So that clearly is a limitation on the population that can take advantage of this currently. So is the resistance because there's a huge cost to obey to build a technology environment that will support this? Is that the reason why the smaller regionals are lagging? Rick Bruhn 22:24 Yeah, I mean, there's certainly a technological cost to it. So I mean, being in a very brand new payment rail, they have to code their systems to that that payment infrastructure and FedNow is coming as well, and a lot of people think that FedNow will jumpstart adoption around RTP and more banks will be on FedNow. Like RTP any bank that currently obviously is tied to the Fed network directly, will have the option to utilize FedNow and a lot of banks will use both FedNow and the RTP networks. What people don't realize is there's still going to be a coding infrastructure challenge with FedNow when it comes out because it as well as a new is a new payment rail, ultimately from the Fed so it's not going to run over the old wire fed wire rails. So, there's still going to be some uplift on institutions to code to that. We would anticipate that institutions would ultimately code the Fed Now will probably (that are not on RTP today) will probably go to both at the same time, as opposed to picking one or the other. It's new There certainly is a lift on cost associated with that. Even with smaller institutions today, what a lot of people may or may not realize, smaller financial institutions in a lot of ways will use the balance sheets or infrastructure of larger institutions like a US Bank, Bank of America or Wells through their correspondent banking groups that ultimately utilize some of the payment infrastructures that they have in place they are to credit accounts for those smaller institutions. So, we've seen you know even some smaller institutions come through us and like to utilize RTP through US Bank’s channels on the network versus coding themselves. Melissa Jay Murphy 24:14 So, they just kind of lease space on your network? Rick Bruhn 24:17 They give it like a click fee. Right. Like from a technology company. Melissa Jay Murphy 24:20 Well, one of the goals I have of hosting this webinar and pushing this out on the podcast is that it'll reach a whole lot of consumers that have consumer accounts that will start pressuring their banks to make this a reality. Certainly, attorneys and title agents have business accounts with their lenders and hopefully this will drive awareness which will put some pressure on banks to get on this train so that we can make payments a lot more efficient. What's the cost of sending and receiving payments through RTP? Are they comparable to wire transfer fees? Rick Bruhn 25:08 Actually, they're a lot cheaper than sending a wire transfer. So, I can't speak for all institutions, I can tell you from US Bank’s perspective, for title companies wires started for dollars incoming and or outgoing for wire transfers. For RTP based on volume, they start at roughly 50 cents and go down from there depending on the amount that you initiate. And it's for real time payment transactions they're free to receive, like an ACH. So, if you're a title company receiving an RTP from another title company, it's free for you to receive that. And if you're initiating it, you'll probably pay somewhere in the neighborhood of it should be roughly be pennies compared to what you're paying for wires today. And interestingly enough to a consumer or as we talked about earlier, a real estate agent or broker, it's free for them to receive those funds. Melissa Jay Murphy 26:04 Another benefit now the reason why we need to lobby our banks to make this happen. So, my last question is really around those darn fraudsters. Fraudsters are the thing that keep closing agents up at night and wire instructions sending receiving wire instructions, you know, is just right for fraudsters to intervention. So, how could a fraudster infiltrate this RTP system? Are there some weak links in there that we need to be aware of? Rick Bruhn 26:45 No, I mean, nothing different than what you would have with the existing wire network today. In the sense if you are just pushing payments out to consumers as you are with wire transfers today and you're having to collect the consumer information, right you're not utilizing RFP or any of that you're still going to have you're still gonna have to have ways to securely communicate with the consumer, educate the consumer and receive that information back from the consumer right related to their account number and routing number to be able to push those payments out. For a fraudster to gain access to the RTP network and initiates RFPs to consumer accounts fraudulently would be highly difficult. Ultimately, they would have to get through a bank's KYC (Know Your Customer) process. They would all they have to go through the challenges of setting up the accounts then opening, gaining access to a commercial banking software system, which is vastly different than online banking systems that consumers use, and go through the process of setting up users and verifying their identity so on and so forth, and then initiate RFPs. So the ability to do that is very low. Ultimately, I think there's a higher risk of rogue actors within institutions utilizing RFP to gain access to consumer accounts, but even then the money would have to would come out of the consumer account back into the title company's account and then they would have to move the money out of the title company into another account to get access to the funds. Melissa Jay Murphy 28:21 So there is some risks there but that sounds like a lot more trouble than just monitoring social media and hacking into somebody's Yahoo email phished out. So it'd be harder. Yeah, this has been great information. We're getting close to the end of our allotted 30 minutes. So Bob can you turn on your mic and let us know we have any questions. Bob Rohan 28:48 Quite a few of them came in. I'm trying to digest them right now. But the first one is how does this compare to Venmo? And Zelle? Rick Bruhn 28:49 Yeah, great question. So Venmo, and Zelle, are primarily P2P platforms, or could be called peer-to-peer, right? So we're consumer-to-consumer consumer-to-business. You're seeing some use cases for Zelle that are business-to-business or business-to-consumer but on a smaller scale. Venmo and Zelle also have much lower transaction limits associated with them. And those while it was Zelle you have finality of payment there you technically don't have real settled funds ultimately into your account. At the time that you received this Zelle payment while there's some funds may show there. That's your bank just showing that you know, you have funds that have shown up that those funds haven't technically been settled, most of that's been done overseeing ACH platforms, etc. In addition to that, you know, Zelle is starting to utilize RTP to move money, but that's not necessarily the consumer using RTP to send you funds, that's the bank that they're banking with RTPing and those funds from their institution to your depository institution, and then your institution in essence taking them out of their house account and putting them into your account. Bob Rohan 30:23 One of the questions is they get a lot of clients in Canada. What about foreign transaction issues? Rick Bruhn 30:29 RPT is just a domestic payment rail. There’s been talks of opening it up to some other countries but those are still in their infancy at this point. Melissa Jay Murphy 30:42 Let’s get consumers more involved in it first then we can deal with other countries. Bob Rohan 30:49 Next question, does the bank have to honor real time payments? Rick Bruhn 30:54 I will answer the question in the sense that if you are initiating the payment to a financial, I am assuming that you are meaning… You are sending a payment to a bank do they have to receive, accept, and deposit those funds? They have to be a RTP participating bank to be able to receive those funds. If they are not then that payment would be rejected by your financial institution. It would never actually leave. Bob Rohan 31:20 Is the only ability to initiate this electronically? They are used to calling in their wire instructions. Is that possible with RTP? Rick Bruhn 31:29 It is not possible with RTP. It is all done through digital rails with all participating banks to my knowledge. Bob Rohan 31:44 What are the bad actors impersonating a title company with an RFP? Rick Bruhn 31:52 They would have to gain access to the title companies online commercial banking software. They would have to initiate the RFP which would have dual authority so technically they would need two logins to be able to enable that. So, an initiator and an approver to create a RFP to go out to the consumer. Even if they pulled that off the funds would still come back into the title company account. They could change the account number that that would credit for the account which would request the RFP, ultimately. So, it would come back into your escrow account. Then the bad actors would have to turnaround and initiate an approval payment going out of the escrow account to in essence a third account to be able to move the funds outside the company. Melissa Jay Murph 32:46 Well Rick, we are out of time, and I want to thank you again for taking the time out of your schedule to share all of this information with us. Even though it is not something that is ubiquitous today in a perfect world it will be, and we can invite you back. We can celebrate with me about announcing new banks and new consumers and new rules that are available for RTPs. Here is a link to a summary of the many questions asked, with some answers! https://www.thefund.com/real-time-payments-faqs.pdf​​​​​​​

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Laurin Meyer über eine Riesen-Enttäuschung bei Roche, Infineon auf Rekordkurs und geldwerte Liebeserklärungen an große Marken. Außerdem geht es um Biogen, Eisai, Berkshire Hathaway, Taiwan Semiconductor, Lousiana-Pacific, Jefferies, Paramount, Celanese, Chevron, General Motors, Activision Blizzard, Bank of New York Mellon, US Bancorp, Apple, Bank of America, Coca Cola, American Express, LVMH, L'Oréal, Hermès, Total Energies, Sanofi, AstraZeneca, Shell, Unilever, HSBC, Rio Tinto, Apple, Asics, Colgate-Palmolive, Estée Lauder, Maison du Monde, Procter&Gamble, HelloFresh, Adidas, Mercedes und Amundi S&P Global Luxury UCITS ETF (WKN: A2H564). Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Nando Sommerfeldt über einen gefeierten Biogas-Deal, die Kursgewinne des Xi und bereiten Euch auf das Jahrzehnt der Hochinflation vor. Außerdem geht es um Bank of America, Bank of New York Mellon, Archaea Energy, News Corp, Fox Corp, JD.com, Alibaba, Lufthansa, Qiagen, Bio-Rad Laboratories, Roche, Siemens Healthineers, Abbott, Thermo Fisher, Sartorius, SAP, Fresenius Medical Care, Zoetis und Pfizer. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

WISF partnered with Carmella Haswell of Securities Finance Times for this two-part miniseries. In this episode, Carmella speaks with Jacqueline Waller at eSecLending, Simona Stoytchkova at State Street, and Ina Budh-Raja at Bank of New York Mellon about the current landscape facing women in the industry, the power of networking, and the road to diversity. Part 2 of 2 mini podcast series

Pastor Anatoly Kaluzhny returns with an update from Kiev! After 100 days of fighting in opposition to Russia's attempt to forcefully annex the Donbas region of Ukraine, the nation continues to stand strong with the support of Western allies and - crucially - its neighbors in the former Soviet Bloc, all of whom know that if Ukraine falls, they could be next. Hear in his own words what life is like for Anatoly and his family as they continue to resist Russia's aggression and deliver the message of Christ's love. ***** Do you wish to donate to help support Pastor Anatoly Kaluzhny and his church's relief efforts in Ukraine? Here's the info your bank will need: New Life Church New Life Church Account Details Privatbank (for transactions in USD) Сompany name: Independent local church of Evangelical Christians “New Life” in Darnytsky district, Kyiv Company address: UA 02088 Kyiv, Lermontova str., 27 IBAN Code: UA043052990000026000046207246 Designation: Free charitable offering Name of the bank: JSC CB "PRIVATBANK", 1D HRUSHEVSKOHO STR., KYIV, 01001, UKRAINE Bank SWIFT Code: PBANUA2X Correspondent banks Account in the correspondent bank: 001-1-000080 SWIFT Code of the correspondent bank: CHASUS33 Correspondent bank: JP Morgan Chase Bank, New York, USA Account in the correspondent bank: 890-0085-754 SWIFT Code of the correspondent bank: IRVT US 3N Correspondent bank: The Bank of New York Mellon, New York, USA ***** MORE INFO: VictoriaTaft.com Victoria Taft @ PJ Media --- Support this podcast: https://anchor.fm/victoria-taft/support

Wealth management is constantly evolving as the needs of consumers and businesses change. In order to stay ahead of the curve, companies need a platform that provides their customers with a 360-degree view of all their assets. This will allow them to deliver a better customer experience, increase loyalty, and drive growth. By having a single platform that connects all aspects of the business, firms will be able to better serve their customers and provide them with a better overall experience. In today's episode, Jack talks with Ainslie Simmonds, President of Pershing X, a new business unit in BNY Mellon that designs and builds innovative digital solutions for Pershing's Wealth Solutions clients, including broker dealers, RIAs, and trust companies. Prior to joining Pershing, Ainslie was the Global Head of Digital at PIMCO, the Chief Marketing and Product Officer at thinkorswim, and the Chief Operating Officer at LearnVest. Ainslie brings two decades of experience in wealth management and digital experience to her role at Pershing X. Along with her team, she is dedicated to delivering the industry's leading end-to-end advisory platform, helping financial services firms solve the challenge of managing disconnected technology. Ainslie talks with Jack about what Pershing X has to offer in the financial services industry, how she plans to address the interoperability issue in the financial system, and how Pershing X hopes to dominate the advisory market. Key Takeaways [01:26] - What Pershing X has to offer in the financial services industry. [03:19] - A look back at Ainslie's professional journey. [07:22] - How Pershing X plays a role at the Bank of New York Mellon. [10:56] - Where Pershing X draws its inspiration. [14:54] - How Ainslie plans to address the interoperability issue in the financial system. [17:34] - How Pershing X hopes to dominate the advisory market. [20:29] - Why the financial industry is ill-prepared to deal with waves of retirees. [23:15] - Ainslie's three major takeaways. Quotes [18:58] - "No expectation we're going to win every app. It's on us though to always be adding more and more of that interoperability value." - Ainslie Simmonds [22:29] - "If you think about the ways interoperability could show up, it can very much show up in retirement paychecks. It can show up in a lot of different ways that no single point provider could do. I can see the problems getting solved with a suite that talks to each other." - Ainslie Simmonds [23:24] - "If you are in the advisory business, I think you need to think hard about how much you want to invest in tech and how much you're going to turn to partners. That has to be a really thoughtful decision." - Ainslie Simmonds [23:52] - "There is this massive opportunity to serve clients through all stages of their life. And you need to think about how your platforms and technologies are supporting you in that." - Ainslie Simmonds Links  Ainslie Simmonds on LinkedIn Pershing X LearnVest Campbell Soup Company Molson Coors thinkorswim (now TD Ameritrade) Northwestern Mutual PIMCO BNY Mellon Robin Vince  Edward Jones JP Morgan Morgan Stanley Orion Advisors Solution Connect with our hosts LifeYield Jack Sharry on LinkedIn Jack Sharry on Twitter Subscribe and stay in touch Apple Podcasts Spotify LinkedIn Twitter Facebook

Dean Somes is currently the Senior Wealth Manager at Three Bell Capital. Formerly, Dean was Vice President and Wealth Manager at Bank of New York Mellon and Senior Portfolio Manager for Cross Capital in this episode of the Health and Wealth Podcast.

Welcome to SUMMARILY: a podcast for busy lawyers. In this episode, we review cases involving work comp, attorney misconduct, Arthur hearings, stand-your-ground immunity, and more.        In the next episode, the Honorable Adalberto Jordan of the United States Court of Appeals for the 11th Circuit and the Honorable Kevin Emas of Florida's Third DCA join me to discuss effective oral advocacy. Subscribe and hit the notification button so you don't miss it.Get involved! Send your summary of a recent noteworthy opinion to summarilypod@gmail.com. If it fits the goals of the podcast, I may include it in a future episode along with a shout-out!   Many thanks to Chris Clark of Pendulum Productions LLC for editing and producing this podcast. And thank YOU for listening. Please subscribe, share, and enjoy.  Simmons v. State, 1D21-2359, 2022 WL 795444 (Fla. 1st DCA Mar. 16, 2022).  T.H. v. State, 2D20-3217, 2022 WL 815047 (Fla. 2d DCA Mar. 18, 2022).  Florida v. Fernandez, 2D19-1184, 2022 WL 880265 (Fla. 2d DCA Mar. 25, 2022).  Thourtman v. Junior, SC19-1182, 2022 WL 803688 (Fla. Mar. 17, 2022).The Bank of New York Mellon v. Bontoux, 3D21-1869, 2022 WL 790435 (Fla. 3d DCA Mar. 16, 2022). Wiggins v. Brightview Landscape Services, Inc., 4D21-1886, 2022 WL 791054 (Fla. 4th DCA Mar. 16, 2022).  Kelly Air Sys., LLC v. Kohlun, 1D21-0976, 2022 WL 795447 (Fla. 1st DCA Mar. 16, 2022).  Swedberg v. Goldfinger's S., Inc., 3D21-964, 2022 WL 791024 (Fla. 3d DCA Mar. 16, 2022).  Prentice v. R.J. Reynolds Tobacco Co., SC20-291, 2022 WL 805951 (Fla. Mar. 17, 2022).  

Pastor Anatoly Kaluzhny returns with an update from the heart of Kiev as Russian forces close in around that great city. Anatoly discusses his current situation, the plight of his congregation and neighbors a few weeks into the invasion, expresses his frustration with the West's response to Russia's aggression, and gives details on his own plans should he be forced to take up arms in defense of his country. PLUS: Part two of Victoria's interview with Portland ANTIFA member "John," including a discussion about what exactly is a "fascist." ***** Do you wish to donate to help support Pastor Anatoly Kaluzhny and his church's relief efforts in Ukraine? Here's the info your bank will need: New Life Church New Life Church Account Details Privatbank (for transactions in USD) Сompany name: Independent local church of Evangelical Christians “New Life” in Darnytsky district, Kyiv Company address: UA 02088 Kyiv, Lermontova str., 27 IBAN Code: UA043052990000026000046207246 Designation: Free charitable offering Name of the bank: JSC CB "PRIVATBANK", 1D HRUSHEVSKOHO STR., KYIV, 01001, UKRAINE Bank SWIFT Code: PBANUA2X Correspondent banks Account in the correspondent bank: 001-1-000080 SWIFT Code of the correspondent bank: CHASUS33 Correspondent bank: JP Morgan Chase Bank, New York, USA Account in the correspondent bank: 890-0085-754 SWIFT Code of the correspondent bank: IRVT US 3N Correspondent bank: The Bank of New York Mellon, New York, USA ***** MORE INFO: VictoriaTaft.com Victoria Taft @ PJ Media --- Support this podcast: https://anchor.fm/victoria-taft/support