Treasury Management – Game Towne http://gametowne.com/ Fri, 24 Jun 2022 10:07:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://gametowne.com/wp-content/uploads/2021/06/icon-6-150x150.png Treasury Management – Game Towne http://gametowne.com/ 32 32 Global stocks gain as investors shrug off pessimistic data https://gametowne.com/global-stocks-gain-as-investors-shrug-off-pessimistic-data/ Fri, 24 Jun 2022 09:26:59 +0000 https://gametowne.com/global-stocks-gain-as-investors-shrug-off-pessimistic-data/ Placeholder while loading article actions BANGKOK — Stocks were higher in Europe and Asia on Friday despite data suggesting some economies are slowing. U.S. futures also rose after a Thursday rally on Wall Street, where the market is heading for its first weekly gain after three weeks of punishing losses. Market participants are eagerly awaiting […]]]>
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BANGKOK — Stocks were higher in Europe and Asia on Friday despite data suggesting some economies are slowing.

U.S. futures also rose after a Thursday rally on Wall Street, where the market is heading for its first weekly gain after three weeks of punishing losses.

Market participants are eagerly awaiting US inflation data due next week and hoping that the moderation in oil prices and some other commodities this week is a sign that inflation may ease.

“We’ll soon know if the inflation trade stalls or cracks. Pain levels rise with the ‘recession spin’ in full swing as the narrative shifts from supply chain concerns to the destruction of demand,” Stephen Innes of SPI Asset Management said in a comment.

Britain’s FTSE 100 added 1.1% to 7,097.20 after Prime Minister Boris Johnson suffered a double hit as voters rejected his conservative party in two special elections dominated by questions about his leadership and ethics.

The election tests came as Britain faces its worst cost of living crisis in a generation, with Russia’s war in Ukraine cutting energy and basic food supplies at a time when the consumer demand soars as the coronavirus pandemic recedes.

The German DAX rose 0.6% to 12,985.33 and the CAC 40 in Paris jumped 1.4% to 5,966.79. The S&P 500 future rose 0.7% while that of the Dow Industrials gained 0.6%.

Manufacturer survey results from “several developed economies came in below expectations in the manufacturing and service sectors, indicating a broad-based moderation in economic activities,” IG’s Jun Rong Yeap said in a commentary.

Tokyo’s Nikkei 225 added 1.2% to 26,491.97 and Seoul’s Kospi jumped 2.3% to 2,366.60. Hong Kong’s Hang Seng rose 2.1% to 21,719.06 and the Shanghai Composite Index added 0.9% to 3,349.75.

In Australia, the S&P/ASX 200 gained 0.8% to 6,578.70. Shares also rose in India and Taiwan.

A report on Friday showed inflation in Japan remained at 2.1% in May, pushed higher by energy costs and a weaker currency. However, core inflation, which excludes volatile energy and fresh food costs, remained at 0.8% and the central bank is unlikely to follow the lead of the US Federal Reserve and others. central banks in raise interest ratesanalysts said.

The Bank of Japan “is not confident this will be sustainable as wage growth remains weak and rising energy costs weigh on corporate earnings and consumer sentiment,” said Capital Economics’ Marcel Thieliant. in a report.

Thursday’s session on Wall Street was dominated by another round of testimony before Congress by Federal Reserve Chairman Jerome Powell, who told a House committee that the Fed hopes to rein in the worst inflation in four decades without plunging the economy into a recession.

But he acknowledged that “this path has become more and more difficult”.

The S&P 500 ended up 1% and the Dow Jones Industrial Average rose 0.6%. The Nasdaq gained 1.6%, while the Russell 2000 rose 1.3%.

Trading has been turbulent in recent weeks as investors try to determine if a recession is looming. The benchmark S&P 500 index is currently in a bear market. This means that it has fallen more than 20% from its most recent peak, which was in January. The index has fallen for 10 of the past 11 weeks.

Powell addressed Congress a week after the Fed raised its benchmark interest rate three-quarters of a percentage point, its greatest hike in nearly three decades.

As higher prices stretch their budgets, consumers are shifting their spending from big items like electronics to basic necessities. The pressure has been compounded by record high gasoline prices which show no signs of abating.

Early Friday, benchmark U.S. crude oil rose 81 cents to $105.08 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international trade, rose 60 cents to $107.06 a barrel.

The yield on the 10-year Treasury note, which helps to fix mortgage ratesfell to 3.08% from 3.15% on Wednesday evening.

The US dollar weakened to 134.91 Japanese yen from 134.94 yen. The euro fell from $1.0524 to $1.0543.

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Assistant Controller job with St. Lawrence University https://gametowne.com/assistant-controller-job-with-st-lawrence-university/ Wed, 22 Jun 2022 17:16:20 +0000 https://gametowne.com/assistant-controller-job-with-st-lawrence-university/ St. Lawrence University is seeking applications for an Assistant Controller position. Position SummaryOversee the accounts payable, cash management, and general accounting functions of the business office to ensure that university resources are spent according to proper guidelines and that financial activity is recorded accurately and timely. This position works closely with and reports directly to […]]]>

St. Lawrence University is seeking applications for an Assistant Controller position.

Position Summary
Oversee the accounts payable, cash management, and general accounting functions of the business office to ensure that university resources are spent according to proper guidelines and that financial activity is recorded accurately and timely. This position works closely with and reports directly to the Controller.

Duties and Responsibilities
The Assistant Controller will directly supervise employees occupying the following positions:

  • Of them Staff accountants responsible for applying accounting principles to perform daily, monthly and annual accounting tasks to help the business office produce accurate and complete financial reports.
  • Accounts Payable Specialist responsible for reviewing and data entry of invoices, marking invoices for payment and paying according to their due date and appropriate method of payment.
  • Senior clerk (accounting) responsible for a variety of accounting transactions such as counting and recording cash deposits, monitoring online banking activities, entering miscellaneous data, reporting sales tax, and processing investments.
  1. Oversee accounting and reporting for ancillary operations, foreign programs, university debt and deferred donations.
  2. Administer financial activity and compliance of government and private grants.
  3. Work with the Purchasing department to manage the University Purchasing/Travel card program and the SupplierPay platform for supplier payments.
  4. Manage tax reporting requirements for international students, employees, and vendors.
  5. Administer the month-end financial close process to ensure flows and entries are recorded correctly and in a timely manner.
  6. Participate in the production of ad hoc reports and the completion of financial investigations.
  7. Communicate with all campus departments regarding university accounting policies and procedures, transactional issues, co-worker accounting system, and special payment issues. Answer questions and resolve related issues.
  8. Serve as department subject matter expert for Colleague Finance and related reporting tools (e.g. CROA, Synoptix). Help other accounting users understand and use these systems.
  9. Administer budget view access and set up approvals for purchase requisitions and payment requests in Colleague’s accounting system.
  10. Administer calendar year-end reporting obligations (e.g. 1099 and 1098 tax slips)
  11. Manage the treasury function, including treasury, monitoring balances and managing the relationship with banking partners. Work with foreign program directors regarding cash requirements.
  12. Assist in year-end closing and preparation of annual financial statements and related audit. This requires analyzing payments and accounts, preparing year-end journal entries, adjusting/removing charges, preparing working papers and schedules, testing transactions, assisting listeners.
  13. Other assigned tasks.

Minimum qualifications

  • Bachelor’s degree in Accounting, Finance or related field.
  • Four or more years of progressively responsible accounting and management experience and demonstrated knowledge of accounting principles.
  • Must be able to exercise discretion when working with highly sensitive and confidential information.
  • Must be able to work collegially with a diverse group of faculty, staff and students.
  • Excellent attention to detail.

Exceptions to the minimum qualifications may be made for a uniquely qualified candidate and in consideration of preferred qualifications.

Preferred qualifications

  • CPA certificate.
  • Master’s degree in accounting, finance or related field.
  • Experience working in higher education, non-profit, or similar business environment.
  • Experience working with accounts payable, grant administration or investment accounting.
  • Strong communication skills, both written and oral.
  • Ability to exercise good judgment and make decisions within assigned authority.
  • Strong prioritization skills to consistently meet deadlines.
  • Experience working with a colleague or similar business accounting system.
  • Demonstrated ability to use financial systems and information.
  • Excellent knowledge of Microsoft software, in particular Excel.

Interested candidates should apply online at http://employment.stlawu.edu

upload all the required documents that are defined in the “special instructions for the applicant” section. Review of applications will begin immediately and will continue until the position is filled. Questions regarding the position can be directed to Sebastian Notaro, Controller, snotaro@stlawu.edu.

All offers of employment are contingent on the finalist passing a background check (including criminal record).

Located at 23 Romoda Drive, Canton, NY, St. Lawrence University is a coeducational, private, and independent liberal arts institution of approximately 2,400 students from more than 40 states and 40 nations. Educational opportunities at St. Lawrence inspire students and prepare them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, the community. humanity and the planet. With an emphasis on active engagement with ideas in and beyond the classroom, a Saint-Laurent education leads students to make connections that transform lives and communities, from local to global.

The University is committed to and seeks diversity among its faculty, staff and students. Such engagement ensures a diverse and complex atmosphere in an intellectually and socially enriching way for the entire campus community. Applications from members of all underrepresented groups, as well as individuals with experience of teaching or working in a multicultural environment, are encouraged. St. Lawrence University is an equal opportunity employer.

For more information on the St. Lawrence, please visit
http://www.stlawu.edu.

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Millions lie in unclaimed estates of Irish people who lost touch with their country after starting a new life in England https://gametowne.com/millions-lie-in-unclaimed-estates-of-irish-people-who-lost-touch-with-their-country-after-starting-a-new-life-in-england/ Sun, 19 Jun 2022 01:30:00 +0000 https://gametowne.com/millions-lie-in-unclaimed-estates-of-irish-people-who-lost-touch-with-their-country-after-starting-a-new-life-in-england/ Any long-lost relatives of an Irish woman have just weeks to claim her estate before it is handed over to the British government. ngela Boardman (née Sisk) was born in Cork in 1932 and died in London in 1992 without leaving a will or identifying any next of kin. It is believed that she lived […]]]>

Any long-lost relatives of an Irish woman have just weeks to claim her estate before it is handed over to the British government.

ngela Boardman (née Sisk) was born in Cork in 1932 and died in London in 1992 without leaving a will or identifying any next of kin. It is believed that she lived in the affluent area of ​​Wimbledon.

In the UK, the estates of deceased persons who do not leave a will or details of their next of kin automatically fall under the management of the government’s Treasury Department.

If no one claims the estate within 30 years, the assets are given to the government.

Ms Boardman died on August 26, 1992. Her relatives therefore have around nine weeks to come forward before her assets are handed over to the government, which receives millions of pounds of unclaimed property each year.

She is one of hundreds of Irish people who have died in the UK over the past decades whose assets remain unclaimed.

Efforts are made by the Bona Vacantia (Vacant Property) Department of the UK Treasury to trace a person’s remaining relatives if they die without making a will.

In the case of people from Ireland, public notices are placed in local newspapers and the department also publishes a weekly online list of unclaimed property.

The most recent list, published on Thursday June 16, includes details of around 450 Irish-born estates awaiting claim.

The value of a person’s estate is not included in the list, but the Bona Vacantia department only deals with estates of £500 or more. Many estates aren’t worth much more than that, but others include bank savings, life insurance policies, and property.

According to her details on the unclaimed property list, Mrs Boardman married her husband, Anthony James Boardman, in the London Borough of Merton on May 2, 1980. Mr Boardman died on August 21, 1991 and his wife died a year later. .

Another of the unclaimed estates belongs to Annie Mary Butler, who was born in Limerick on October 13, 1910 and died in West Bromwich on July 8, 2004. Her maiden name was Walsh and she was married to Owen Joseph Butler.

The couple were married in the parish of St Munchin in Limerick on 26 December 1951. Mrs Butler’s birth certificate lists her parents’ names as John Walsh and Anne Walsh (née Roche).

Co Kildare’s wife, Mary Quinn, also died without leaving a will or details of her next of kin.

She died in Ealing, London on May 6, 1999, and was predeceased by her husband James. The couple married in Ealing on February 15, 1958.

Mrs Quinn’s maiden name was Davis and she was born in Stradbally, Co Laois, on July 14, 1915.

Other cases include Christopher Mary Guina, who died in Ramsgate, Kent, in August last year. His estate was added to the list of unclaimed estates last month.

Mr Guina was born on September 5, 1952 and his estate was notified as unclaimed by Barclays Bank.

Another unclaimed estate belongs to Daniel David Guiney, who was born in Dublin in 1942 and died in Westminster in November last year. The 79-year-old was listed as single.

No surviving relatives have also come forward to claim the estate of James Noel Fitzgerald, who was born in Tralee, County Kerry, in December 1943 and died in Southampton in July last year.

Finders International is a specialist genealogy company that attempts to trace the next of kin of those on the Unclaimed Estates List.

In a recent case, the company traced relatives of a Co Monaghan woman who died in 2015. Sheila Lancaster, from Clones, died in an Essex care home in May 2015.

Ms Lancaster, whose maiden name was McCaffrey, was born in 1928. She emigrated to the UK where she worked as a bank clerk.

In 1974, at the age of 46, she married Eric Lancaster, a post office worker, in Kentish Town, London. They had no children. Ms Lancaster was cremated and it is understood no one was at her funeral.

She did not leave a will and had no known relatives to inherit her €400,000 estate, which consists mainly of a house in Essex.

The estate remained unclaimed for several years until Finders International took over the case and managed to find 33 people connected to Ms Lancaster, who will now each receive a share of her estate.

Danny Curran, chief executive of Finders International, said Ms Lancaster’s case was another example of how millions of pounds could go unclaimed simply because of the large number of Irish-born people in the UK who have lost contact with their loved ones.

“In situations like this, without intervention, the money would have gone to the UK government,” Mr Curran said.

He said about one in five unclaimed estates included property.

“In the majority of cases, it is a bank, local authority or hospital that has informed the UK government’s legal department of the circumstances of death and is asking next of kin to come forward and claim the deceased’s estate,” did he declare.

“Successfully tracing the next of kin of a deceased person and ensuring that their estate goes to the rightful relatives is always a privilege.”

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Banner (NASDAQ:BANR) overweight at Stephens https://gametowne.com/banner-nasdaqbanr-overweight-at-stephens/ Fri, 17 Jun 2022 12:25:48 +0000 https://gametowne.com/banner-nasdaqbanr-overweight-at-stephens/ Banner (NASDAQ:BANR – Get a rating) was upgraded by Stephens Equity Research analysts from a “weighted” rating to an “overweight” rating in a research report released Friday to clients and investors, Fly reports. BANR has been the subject of a number of other research reports. StockNews.com threw a blanket on Banner in a research report […]]]>

Banner (NASDAQ:BANR – Get a rating) was upgraded by Stephens Equity Research analysts from a “weighted” rating to an “overweight” rating in a research report released Friday to clients and investors, Fly reports.

BANR has been the subject of a number of other research reports. StockNews.com threw a blanket on Banner in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Raymond James cut his price target on Banner from $72.00 to $70.00 and set a “Strong Buy” rating on the stock in a Friday, April 22 research note.

Banner stock opened at $52.59 on Friday. Banner has a 12-month low of $49.10 and a 12-month high of $66.79. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt ratio of 0.28. The company’s 50-day moving average price is $56.13 and its two-hundred-day moving average price is $49.64. The stock has a market capitalization of $1.81 billion, a PE ratio of 9.21 and a beta of 1.03.

Banner (NASDAQ:BANR – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.33 for the quarter, beating analyst consensus estimates of $1.09 by $0.24. Banner had a return on equity of 12.47% and a net margin of 32.46%. The company posted revenue of $138.08 million for the quarter, compared to $136.20 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.33. As a group, analysts expect Banner to post earnings per share of 5.21 for the current year.

(A d)

This new roster has all the ingredients for a potentially big win.

Separately, director Roberto R. Herencia acquired 1,800 shares of the company in a transaction that took place on Monday, May 2. The shares were purchased at an average cost of $54.73 per share, with a total value of $98,514.00. Following the completion of the purchase, the administrator now directly owns 8,628 shares of the company, valued at $472,210.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. 1.46% of the shares are held by insiders.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Banner shares by 1.5% in the first quarter. BlackRock Inc. now owns 5,045,063 shares of the financial services provider worth $295,288,000 after acquiring an additional 72,304 shares during the period. Vanguard Group Inc. increased its stake in Banner by 1.9% in the first quarter. Vanguard Group Inc. now owns 3,854,556 shares of the financial services provider valued at $225,607,000 after purchasing an additional 71,559 shares during the period. Dimensional Fund Advisors LP increased its stake in Banner by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,311,340 shares of the financial services provider valued at $135,284,000 after purchasing an additional 30,439 shares during the period. State Street Corp increased its stake in Banner by 7.4% in the first quarter. State Street Corp now owns 1,821,229 shares of the financial services provider valued at $106,597,000 after purchasing an additional 124,919 shares during the period. Finally, TENOR CAPITAL MANAGEMENT Co. LP acquired a new position in Banner in the fourth quarter valued at approximately $14,494,000. 85.00% of the shares are currently held by institutional investors.

Company profile banner (Get a rating)

Banner Corporation operates as a bank holding company for Banner Bank which provides commercial banking and financial products and services to individuals, businesses and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts and certificates of deposit, as well as cash management services and savings plans. pension saving.

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Russian companies’ ‘self-sanction’ raises US fears of economic comeback https://gametowne.com/russian-companies-self-sanction-raises-us-fears-of-economic-comeback/ Tue, 14 Jun 2022 21:18:41 +0000 https://gametowne.com/russian-companies-self-sanction-raises-us-fears-of-economic-comeback/ In some cases, companies have signaled that they are being extremely cautious or want clearer direction from the United States before doing business with Russia. Until that happens, they go above and beyond any legal requirements to ensure they don’t accidentally violate sanctions policies, according to Justine Walker, head of global sanctions and risk at […]]]>

In some cases, companies have signaled that they are being extremely cautious or want clearer direction from the United States before doing business with Russia. Until that happens, they go above and beyond any legal requirements to ensure they don’t accidentally violate sanctions policies, according to Justine Walker, head of global sanctions and risk at the Association. of Certified Anti-Money Laundering Specialists, an industry group.

“Because we have so many changes at once, governments are not able to step in and give specific clarifications and we see many, many examples of authorities taking different positions,” Walker said in an interview. . “Companies are asking, ‘Should we apply sanctions to this entity?’ and the government will come back and say, ‘You have to make your own decision.’ »

Recognizing this concern, on May 25, the Treasury Department’s Office of Foreign Assets Control, or OFAC, which oversees sanctions regimes, extended a blanket license so companies could continue to pay taxes, fees and charges. import duties related to business activities in Russia. until September 30. The message was clear: doing business in Russia is allowed, provided the companies do not work with sanctioned entities.

In addition, a recent decree banning management consulting and accounting firms from doing business with Russia did not include anything on agriculture, medicine or telecommunications, an intentional decision to let this business activity continue, according to Adam Smith, former senior adviser to OFAC.

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The concessions and adjustments highlight the difficulties of sanctioning the world’s 11th largest economy. Previous sanctions campaigns against countries like Iran and North Korea aimed to impose a similar level of isolation on much smaller economies. Russia’s ties to global commodity markets – especially energy and grain – have made this case much more complicated.

There is no indication that administration officials believe their sanctions policy was wrong or that they want to reduce the pressure. On the contrary, officials have said a key U.S. goal is to ensure that Russia cannot do to other nations what it did to Ukraine.

But the collateral damage from the sanctions was greater than expected.

When the invasion began, the Biden administration believed that if the penalties exempted food and energy, the impact on inflation in the country would be minimal. Since then, energy and food have become the main drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic Party as the mid-term elections approach. November term.

Treasury Secretary Janet Yellen said she was “wrong” to believe last year that inflationary pressures would pass. One of the results she’s seeing now has to do with price spikes due to an unexpected self-sanction, according to a person familiar with her thinking.

So while Ukrainian President Volodymyr Zelenskiy has urged American companies to stop doing business in Russia, telling a joint session of Congress that the Russian market is “flooded with our blood,” the Biden administration has encouraged some businesses , particularly for agriculture, medicine and telecommunications. For example, the US government is quietly encouraging agricultural and shipping companies to buy and ship more Russian fertilizers, according to people familiar with the efforts, as fears of sanctions have led to a sharp drop in supplies, putting pressure on prices. foodstuffs.

This follows warnings from the United Nations and aid groups that hunger and poverty could skyrocket if the price of staples like wheat remains high. The unrest triggered by rising food and energy prices has already hit countries like Sri Lanka, Egypt, Tunisia and Peru.

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The Biden administration rejects any suggestion that sanctions are part of the problem, stressing that the US does not penalize humanitarian goods or food, and blaming Putin’s decision to attack Ukraine, including targeting shipping on the Black Sea.

“The story that sanctions are the root of the problem, I think, is deeply misleading,” Ambassador Jim O’Brien, head of the Department of Sanctions Coordination Office, told reporters last week. State. “Sometimes companies are confused about what is allowed and what is not, and we will try to clarify so they can move forward. But we are also working proactively trying to inform businesses of what they are allowed to do.

About 1,000 companies have so far announced that they are reducing their activities in Russia, according to data collected by the Yale Chief Executive Leadership Institute. This underscores one of the reasons the sanctions are so popular with policymakers: they essentially outsource US policy to the private sector, making it less surgical, less calibrated and less responsive to policy changes, said Smith, the former OFAC adviser.

This becomes important as all sides seek to end the war. The lifting of sanctions can be presented as an incentive to contribute to a diplomatic resolution of the conflict. But right now, it’s hard to even offer that as a potential upside to starting negotiations, because much of the corporate US pullout has been self-inflicted. Companies could face public backlash if they are seen to be rushing into the Russian market.

Smith also said that in the longer term, the United States could undermine its “soft power” in Russia by abandoning the local market to brands from other countries – or even to Russian companies that grab Russia’s assets. business at little or no cost.

The departure of leading US companies is “causing psychological harm to Russia, psychological harm,” Smith said. But “at the end of the day, is removing elements of American soft power where the United States wants to be?”

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iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Short Interest Update https://gametowne.com/ishares-ibonds-dec-2027-term-treasury-etf-nasdaqibth-short-interest-update/ Sat, 11 Jun 2022 10:39:12 +0000 https://gametowne.com/ishares-ibonds-dec-2027-term-treasury-etf-nasdaqibth-short-interest-update/ iShares iBonds Dec 2027 Treasury Futures ETF (NASDAQ:IBTH – Get a rating) benefited from a sharp drop in short-term interest rates during the month of May. As of May 31, there was short interest totaling 8,400 shares, down 73.7% from the May 15 total of 31,900 shares. Based on an average trading volume of 10,900 […]]]>

iShares iBonds Dec 2027 Treasury Futures ETF (NASDAQ:IBTHGet a rating) benefited from a sharp drop in short-term interest rates during the month of May. As of May 31, there was short interest totaling 8,400 shares, down 73.7% from the May 15 total of 31,900 shares. Based on an average trading volume of 10,900 shares, the day-to-cover ratio is currently 0.8 days.

An institutional investor recently increased his position in iShares iBonds Dec 2027 Term Treasury ETF stock. Confluence Investment Management LLC increased its stake in iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTHGet a rating) by 0.5% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 103,171 shares of the company after acquiring an additional 536 shares during the period. Confluence Investment Management LLC owned approximately 7.94% of iShares iBonds Dec 2027 Term Treasury ETF worth $2,454,000 at the time of its last filing with the SEC.

Shares of Shares iShares iBonds Dec 2027 Term Treasury ETF opened at $22.90 on Friday. iShares iBonds Dec 2027 Term Treasury ETF has a 52-week low of $22.90 and a 52-week high of $25.93. The company has a fifty-day moving average of $23.30 and a 200-day moving average of $24.19.

The company also recently declared a monthly dividend, which was paid on Tuesday, June 7. Shareholders of record on Thursday, June 2 received a dividend of $0.029. The ex-dividend date was Wednesday, June 1. This is an increase from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.03. This represents an annualized dividend of $0.35 and a yield of 1.52%.

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Symphony Floating Rate Senior Loan Fund Supplements Cash https://gametowne.com/symphony-floating-rate-senior-loan-fund-supplements-cash/ Thu, 09 Jun 2022 12:40:20 +0000 https://gametowne.com/symphony-floating-rate-senior-loan-fund-supplements-cash/ Not for distribution to U.S. news agencies or distribution in the United States. TORONTO, June 09, 2022 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the “Fund”) is pleased to announce that it has completed the previously announced issuance of Class A and Class F Units (the “Class A Units” and “Class […]]]>

Not for distribution to U.S. news agencies or distribution in the United States.

TORONTO, June 09, 2022 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Symphony Floating Rate Senior Loan Fund (the “Fund”) is pleased to announce that it has completed the previously announced issuance of Class A and Class F Units (the “Class A Units” and “Class F Units”, respectively) for aggregate gross proceeds of approximately $5.5 million.

Class A Units were offered at a price of $7.65 per Class A Unit. Class F Units were offered at a price of $7.5259 per Class F Unit. clients of registered dealers, traders and advisers with fee-based accounts. The Class F Units will be converted into Class A Units which are listed on the Toronto Stock Exchange (the “TSX”) on a one-for-one basis immediately following the closing of the Offering. Accordingly, investors who purchase Class F Units will, upon the closing of the Offering, become holders of Class A Units listed as SSF.UN on the TSX.

The syndicate of agents for the offering was led by RBC Capital Markets, CIBC Capital Markets, National Bank Financial Inc. and TD Securities Inc., and included BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., Raymond James Ltd., Hampton Securities Limited, iA Private Wealth Inc., Echelon Wealth Partners Inc., Manulife Securities Incorporated, Research Capital Corporation and Richardson Wealth Limited.

The investment objectives of the Fund are to pay monthly distributions to unitholders and to preserve capital. The Fund seeks to achieve its investment objectives by investing the property and assets of the Fund in an actively managed diversified portfolio consisting primarily of variable rate, short term secured corporate loans generally issued by lower quality corporations (the “Loans first-class “). Brompton Funds Limited (the “Manager”), the manager of the Fund, believes that Senior Loans offer a potentially higher level of income generation and lower interest rate risk compared to traditional fixed income asset classes . The Fund employs leverage of up to 40% of its total assets for the purpose of acquiring or gaining exposure to additional assets for the Fund’s portfolio and for other short term funding purposes. term as may be determined by the manager from time to time and in accordance with the Fund’s Investment Strategy.

About Brompton Funds

Founded in 2000, Brompton is an experienced investment fund manager with income-oriented investment solutions, including exchange-traded funds (ETFs) and other investment funds traded on the TSX. For more information, please contact your investment advisor, call the Brompton Investor Relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup. com or visit our website at www.bromptongroup. com.

About Nuveen Asset Management

Nuveen Asset Management, LLC, a subsidiary of Nuveen, LLC, is the Fund’s sub-advisor. Nuveen, TIAA’s investment manager, offers a full suite of results-driven investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has US$1.2 trillion in assets under management as of March 31, 2022 and operations in 27 countries. Its investment specialists offer deep expertise in a full range of traditional and alternative investments across a wide range of vehicles and custom strategies. For more information, please visit www.nuveen.com.

A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from any member of the syndicate. The Fund intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will be no sale or acceptance of an offer to buy the securities offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.

You will usually pay brokerage fees to your dealer if you buy or sell units of the Fund on the TSX or other alternative Canadian trading system (an “exchange”). If units are bought or sold on a stock exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents containing key information about the fund. You can find more detailed information about the Fund in its public filings available at www.sedar.com. The indicated rates of return are historical compounded annual total returns, including changes in unit value and the reinvestment of all distributions and do not take into account certain charges such as redemption fees or income taxes payable by any holder of securities which would have the effect of reducing returns. Investment funds are not guaranteed, their values ​​change frequently and past performance may not be repeated.

Symphony Floating Rate Senior Loan Fund
Compound annual returns of net asset value as of May 31, 2022
1 year 3 years 5 years 10 years IF
Class A units (TSX: SSF.UN) 1.9% 2.2% 2.5% 4.5% 4.8%

Returns are for periods ended May 31, 2022 and are unaudited. Inception date November 1, 2011. The table shows the Fund’s compound return on Class A units for each period indicated.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed herein and other matters identified in public documents regarding the Fund, the Fund’s future prospects and expected events or results and may include statements regarding the future financial performance of the Fund. Funds. In some instances, forward-looking information may be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “have the intention to”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may differ from this forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof, and we assume no obligation to update or revise them to reflect new events or circumstances.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from registration requirements . This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and there will be no sale of such securities in any state where such offer, solicitation or sale would be unlawful.

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Supporting a Responsible Understanding of Bitcoin – Bitcoin Magazine https://gametowne.com/supporting-a-responsible-understanding-of-bitcoin-bitcoin-magazine/ Tue, 07 Jun 2022 21:00:00 +0000 https://gametowne.com/supporting-a-responsible-understanding-of-bitcoin-bitcoin-magazine/ This is an opinion editorial by L0la L33tz, a contributor to Bitcoin Magazine. In an attempt to urge U.S. lawmakers to tighten regulation in the cryptocurrency industry in favor of protecting the “public interest,” 26 expert technologists submitted a signed letter regarding the use, security and confidentiality of “crypto-assets”. But, rather than pointing to shortcomings […]]]>

This is an opinion editorial by L0la L33tz, a contributor to Bitcoin Magazine.

In an attempt to urge U.S. lawmakers to tighten regulation in the cryptocurrency industry in favor of protecting the “public interest,” 26 expert technologists submitted a signed letter regarding the use, security and confidentiality of “crypto-assets”. But, rather than pointing to shortcomings in blockchain technology and cryptocurrency, the letter conjures up a disturbing picture of the state of engineering expertise.

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Zacks: Analysts expect Western Alliance Bancorporation (NYSE:WAL) to post quarterly sales of $585.58 million https://gametowne.com/zacks-analysts-expect-western-alliance-bancorporation-nysewal-to-post-quarterly-sales-of-585-58-million/ Mon, 06 Jun 2022 06:00:00 +0000 https://gametowne.com/zacks-analysts-expect-western-alliance-bancorporation-nysewal-to-post-quarterly-sales-of-585-58-million/ Wall Street analysts expect Western Alliance Bancorporation (NYSE:WAL – Get a rating) will report sales of $585.58 million for the current fiscal quarter, Zacks reports. Five analysts provided earnings estimates for Western Alliance Bancorporation. The lowest sales estimate is $572.60 million and the highest is $604.00 million. Western Alliance Bancorporation recorded sales of $506.50 million […]]]>

Wall Street analysts expect Western Alliance Bancorporation (NYSE:WAL – Get a rating) will report sales of $585.58 million for the current fiscal quarter, Zacks reports. Five analysts provided earnings estimates for Western Alliance Bancorporation. The lowest sales estimate is $572.60 million and the highest is $604.00 million. Western Alliance Bancorporation recorded sales of $506.50 million in the same quarter last year, indicating a positive growth rate of 15.6% year-over-year. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Western Alliance Bancorporation to report annual revenue of $2.44 billion in the current fiscal year, with estimates ranging from $2.43 billion to $2.47 billion. . For the next fiscal year, analysts expect the company to post sales of $3.00 billion, with estimates ranging from $2.95 billion to $3.07 billion. Zacks Investment Research sales averages are an average based on a survey of research analysts who provide coverage for Western Alliance Bancorporation.

Western Alliance Bancorporation (NYSE:WAL – Get a rating) last reported results on Thursday, April 21. The financial services provider reported earnings per share of $2.22 for the quarter, beating analysts’ consensus estimate of $2.09 by $0.13. The company posted revenue of $555.80 million in the quarter, compared to $540.09 million expected by analysts. Western Alliance Bancorporation posted a net margin of 41.03% and a return on equity of 21.77%. The company’s revenue for the quarter increased by 64.9% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.90.

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A number of stock analysts have recently commented on the stock. Wedbush raised its price target on Western Alliance Bancorporation shares from $100.00 to $105.00 and gave the stock an “outperform” rating in a Monday, April 25 research note. Truist Financial cut its price target on shares of Western Alliance Bancorporation from $140.00 to $110.00 in a Tuesday, April 26 research note. StockNews.com purported coverage of Western Alliance Bancorporation stock in a Thursday, March 31, research note. They issued a “hold” rating for the company. Finally, Piper Sandler cut her price target on Western Alliance Bancorporation stock to $105.00 in a Friday, May 20 research note. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $125.67.

Shares of Western Alliance Bancorporation opened at $80.94 on Monday. The company has a 50-day moving average price of $78.17 and a 200-day moving average price of $93.86. Western Alliance Bancorporation has a 52 week minimum of $71.68 and a 52 week maximum of $124.93. The company has a debt ratio of 0.37, a quick ratio of 0.83 and a current ratio of 0.92. The company has a market capitalization of $8.76 billion, a price/earnings ratio of 9.00, a P/E/G ratio of 0.83 and a beta of 1.44.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.35. The ex-dividend date was Thursday, May 12. This represents a dividend of $1.40 on an annualized basis and a yield of 1.73%. Western Alliance Bancorporation’s payout ratio is 15.57%.

In other Western Alliance Bancorporation news, CAO J. Kelly Jr. Ardrey bought 2,000 shares of the company in a trade dated Thursday, May 12. The shares were acquired at an average price of $73.57 per share, for a total transaction of $147,140.00. Following the acquisition, the chief accounting officer now owns 8,090 shares of the company, valued at $595,181.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Last quarter, insiders acquired 5,150 shares of the company worth $394,784. Insiders own 2.81% of the shares of the company.

Institutional investors have recently increased or reduced their stake in the company. The Toronto Dominion Bank increased its holdings of Western Alliance Bancorporation shares by 3,158.8% during the fourth quarter. The Toronto Dominion Bank now owns 36,108 shares of the financial services provider valued at $3,887,000 after buying an additional 35,000 shares last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Western Alliance Bancorporation in Q4 worth $39,000. Janus Henderson Group PLC increased its stake in Western Alliance Bancorporation by 274.1% in the third quarter. Janus Henderson Group PLC now owns 16,364 shares of the financial services provider worth $1,780,000 after acquiring an additional 11,990 shares during the period. Toth Financial Advisory Corp increased its stake in Western Alliance Bancorporation by 191.1% in the fourth quarter. Toth Financial Advisory Corp now owns 1,409 shares of the financial services provider worth $152,000 after acquiring 925 additional shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Western Alliance Bancorporation by 23.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 33,720 shares of the financial services provider worth $3,630,000 after acquiring an additional 6,426 shares during the period. Institutional investors and hedge funds hold 87.16% of the company’s shares.

About Western Alliance Bancorporation (Get a rating)

Western Alliance Bancorporation operates as a bank holding company for Western Alliance Bank which provides various banking products and related services primarily in Arizona, California and Nevada. It operates in Commercial, Consumer Related, Corporate & Other segments. The Company offers deposit products, including checking, savings and money market accounts, as well as certificates of fixed rate and fixed maturity deposit accounts; and cash management and residential mortgage products and services.

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Earnings history and estimates for Western Alliance Bancorporation (NYSE:WAL)

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US: OFAC issues new Syria General License and new and amended FAQs https://gametowne.com/us-ofac-issues-new-syria-general-license-and-new-and-amended-faqs/ Sat, 04 Jun 2022 12:00:00 +0000 https://gametowne.com/us-ofac-issues-new-syria-general-license-and-new-and-amended-faqs/ On May 12, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC“) issued Syria General License No. 22 (“GL 22“), authorizing certain activities in particular sectors of the Syrian economy that are otherwise prohibited under the Syrian Sanctions Regulations (31 CFR Part 542, “RSS“) in specific areas of Syria not controlled by the […]]]>

On May 12, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC“) issued Syria General License No. 22 (“GL 22“), authorizing certain activities in particular sectors of the Syrian economy that are otherwise prohibited under the Syrian Sanctions Regulations (31 CFR Part 542, “RSS“) in specific areas of Syria not controlled by the Assad regime. According to the U.S. Department of Disclosures Press release, GL 22 was released in support of the Biden administration’s strategy to defeat ISIS by promoting economic stabilization in areas previously controlled by ISIS. OFAC has also released new and amended frequently asked questions (“FAQs“) regarding the purpose and scope of GL 22. Please find below a summary of these developments.

GL 22 authorizes transactions that are “usually incidental and necessary” to activities in the following economic sectors in the northeast and northwest regions of Syria identified in the annex to GL 22:

  • agriculture;
  • information and telecommunications;
  • power grid infrastructure;
  • construction;
  • finance;
  • clean energy;
  • transport and storage;
  • water and waste management;
  • health services;
  • education;
  • manufacturing; and
  • commerce (collectively, the “Authorized Sectors”).

In addition, GL 22 also includes authorization to purchase refined petroleum products of Syrian origin for use in Syria, as long as such transactions are usually incidental and necessary to give effect to activities in authorized sectors.

FAQ 1043 provides an illustrative list of activities authorized by GL 22.

Note that:

  • GL 22 made not remove or modify any sanctions imposed on the Assad regime or remove prohibitions on dealing with the Syrian government (see FAQ 1042).
  • The areas in northeast and northwest Syria in which activities are permitted are defined in the annex to GL 22 (see also FAQ 1045).
  • Financial institutions and funds transfer companies registered in the United States may process funds transfers on behalf of third country entities in support of activities in the sectors permitted under GL 22 based on compliance of the initiator of the transfer and on information obtained in the course of their ordinary activity, unless there is reason to suspect that the transfer is not authorized by GL 22 (see FAQ 1044).
  • Non-U.S. Persons will not be subject to secondary sanctions risk for engaging in or facilitating activities permitted under GL 22 or transactions that are ordinarily incidental and necessary to give effect to activities permitted by GL 22. ( See FAQ 1043 and the change FAQ 884.)


Author
Alison J. Stafford Powell

Alison Stafford Powell has considerable experience in advising businesses on outbound cross-border trade compliance in the areas of export controls, trade and financial sanctions, anti-terrorism controls, anti-bribery and anti-money laundering rules, US anti-boycott and US laws. restrictions on foreign investment. With experience also in EU and UK trade restrictions, she helps non-US businesses manage compliance obligations and conflicting risks under US and EU trade rules. She is a dual qualified British-American lawyer and has worked in the firm’s offices in London, Washington, DC and Palo Alto since 1996.

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