Treasury Services – Game Towne http://gametowne.com/ Wed, 23 Nov 2022 14:29:53 +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 Services – Game Towne http://gametowne.com/ 32 32 Latest news on Russia and the war in Ukraine https://gametowne.com/latest-news-on-russia-and-the-war-in-ukraine/ Wed, 23 Nov 2022 13:56:00 +0000 https://gametowne.com/latest-news-on-russia-and-the-war-in-ukraine/ Officials push to officially end partial mobilization in Russia Russian President Vladimir Putin attends a meeting with Defense Minister Sergei Shoigu at the Novo-Ogaryovo state residence outside Moscow, Russia October 28, 2022. Mikhail Metzel | sputnik | Reuters Opposition party members from the Karelia region in northwestern Russia have called on President Vladimir Putin to […]]]>

Officials push to officially end partial mobilization in Russia

Russian President Vladimir Putin attends a meeting with Defense Minister Sergei Shoigu at the Novo-Ogaryovo state residence outside Moscow, Russia October 28, 2022.

Mikhail Metzel | sputnik | Reuters

Opposition party members from the Karelia region in northwestern Russia have called on President Vladimir Putin to issue a decree officially ending the partial mobilization of troops.

The controversial partial mobilization of 300,000 Russian citizens, announced at the end of September, caused an exodus of men from the country and sparked protests against the project. A month later, Putin and Defense Minister Sergei Shoigu announced the completion of the mobilization. However, no formal legislative changes have been made.

Emilia Slabunova and Inna Boluchevskaya, Yabloko party deputies in the Karelia Legislative Assembly, said in an appeal that “the public speeches of the defense minister, the statements of the president and his press secretary that ‘the end has been fixed'”. Partial mobilization completed’ are not normative acts and therefore have no legal force. »

They also noted that parts of the initial mobilization decree continue to apply, despite its announced completion.

“This fact, say the deputies, affects the psychological state of society, is a source of anxiety and increased anxiety in Russian families and working groups, and many people have health problems,” they said. they stated.

“The announcements must be supported by an executive order,” they added.

—Rocio Fabbro

Russia revives Soviet-era Moskvich car brand

The relaunch of Moskvich vehicles comes as Russia strives for a self-sufficient economy as the country’s finances continue to be stifled by sanctions and other ramifications of its invasion of Ukraine.

Future Publishing/Contributor/Getty Images

Russia has restarted production of the Soviet Moskvich car at a former Renault factory, according to truckmaker Kamaz.

It comes as the Kremlin yearns for a self-sufficient economy as the country’s finances continue to be stifled by Western sanctions and other ramifications of its unprovoked invasion of Ukraine.

Read the full story here.

—Hannah Ward-Glenton

A Russian rocket attack would have left Kyiv without water and electricity

Ukrainian authorities reportedly said the capital, Kyiv, was left without power after Russian airstrikes targeted critical infrastructure, while water supplies were also cut.

A two-story building was damaged as a result of the rocket attack, with Ukraine’s regional military administration reporting that three people were killed and six injured.

—Sam Meredith

Rescuers search a destroyed two-story maternity hospital in Zaporizhzhia

A photo shows a room in the destroyed two-storey building of the maternity hospital in the city of Vilnyansk in the southern Zaporizhzhia region on November 23, 2022, amid the Russian invasion of Ukraine.

Katerina Klochko | AFP | Getty Images

Rescuers search a destroyed two-story maternity hospital in the city of Vilnyansk, in the south of the Zaporizhzhia region.

“As a result of a rocket attack on the territory of the local hospital, the two-storey building of the maternity ward was destroyed,” they said in a statement. There was “a woman with a newborn baby as well as a doctor” inside the building at the time, they added. The baby died as the woman and doctor were rescued from the rubble, rescuers said.

Rescuers clear debris from the destroyed two-story maternity hospital in the city of Vilnyansk in the southern Zaporizhzhia region on November 23, 2022, amid the Russian invasion of Ukraine.

Katerina Klochko | AFP | Getty Images

Rescuers rest in front of the destroyed two-storey maternity hospital in the city of Vilnyansk in the southern Zaporizhzhia region on November 23, 2022, amid the Russian invasion of Ukraine.

Katerina Klochko | AFP | Getty Images

Rescuers clear debris from the destroyed two-story maternity hospital in the city of Vilnyansk in southern Zaporizhzhia region on November 23, 2022, amid the Russian invasion of Ukraine.

Katerina Klochko | AFP | Getty Images

—Katerina Klochko | AFP | Getty Images

Ukrainian officials say one dead killed in Russian missile strike on Kyiv

Ukrainian President Volodymyr Zelenskyy has promised that winter shelters with basic services such as heating, water and a first aid kit will be freely available to citizens across the country.

Nurphoto | Nurphoto | Getty Images

Ukrainian authorities said Russian forces had launched a new wave of missile strikes on critical infrastructure in its capital, Kyiv.

A statement from the Kyiv City Military Administration said a two-story building was damaged as a result of the impact, one person was killed and another injured. Authorities have advised residents to stay in shelters until the air raid is over.

—Sam Meredith

European Parliament declares Moscow a state sponsor of terrorism

In a largely symbolic gesture, the European Parliament designated Russia as a state sponsor of terrorism, claiming that deliberate attacks by Kremlin forces and their proxies against civilians in Ukraine constitute war crimes. Russia denies targeting civilians.

European lawmakers, recognizing that the European Union cannot officially designate states as sponsors of terrorism, have called on the bloc to further isolate Moscow in the international arena.

Ukrainian Zelenskyy had lobbied for the United States and others to recognize Russia as a state sponsor of terrorism. US President Joe Biden rejected those calls in early September, fearing such a move would have “unintended consequences” for Ukraine and the world.

—Sam Meredith

Ukrainian Zelenskyy promises shelters with heating and water as winter approaches

Zelenskyy said winter shelters with basic services such as heat, water and a first aid kit would be freely available to citizens across the country.

Documents | Getty Images News | Getty Images

Ukrainian President Volodymyr Zelenskyy said in his overnight speech that winter shelters with basic services such as heat, water and a first aid kit would be freely available to citizens across the country.

He said these “invincibility“Centres would be needed to support populations in the event of further Russian attacks on the country’s energy system.

More than 4,000 centers have been prepared so far, Zelenskyy said. “I am on [that] by helping each other, we can all get through this winter together,” he added.

—Sam Meredith

Zaporizhzhia governor says newborn baby killed in missile strike in Russia

People watch as the search and rescue operation continues at the site of a Russian missile strike on a two-storey building, in Ukraine’s Vilnyansk, Zaporizhzhia region.

Edition of the future | Edition of the future | Getty Images

According to the governor of the Zaporizhzhia region, a night missile attack on a maternity ward of a small hospital in southern Ukraine killed a newborn baby.

Oleksandr Starukh said via Telegram that the “huge missiles” were Russian. “Grief fills our hearts,” he added.

CNBC was unable to independently verify the information.

—Sam Meredith

European Union announces $2.5 billion in new aid to Ukraine

European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 14, 2022.

yves herman | Reuters

The European Union has sent an additional $2.5 billion to help Ukraine, according to the country’s Prime Minister, Denys Shmyhal.

Shmyhal said in a tweet on Tuesday that the EU “disbursed 2.5 billion euros [around $2.57 billion] in macro-financial assistance.”

Tweet:

The massive cash injection is the EU’s latest effort to help Ukraine fight off the Russian invasion.

European Commission President Ursula von der Leyen recently announced that the EU will provide at the top to $18 billion in financial aid in 2023 as the country takes on Russia.

-Brian Schwartz

Treasury issues new guidance on shipping Russian oil ahead of G7 price cap

The Treasury Department issued new guidelines for shipping Russian oil ahead of a price cap expected in early December.

The guidance complements the recent UK publication Strategies outlining how national service providers can continue to transport oil by sea while respecting the price cap on Russian oil imagined by the G7 countries, the EU and Australia.

“We are taking these steps to allow market participants to implement the price cap policy as easily as possible from December 5, in line with the coalition’s objectives of allowing the Russians to maintain the flow of foreign oil while cutting Kremlin revenue,” a senior Treasury official said.

The price cap aims to deprive Russia of a source of funding to continue its war against Ukraine. It comes into effect on December 5.

—Chelsey Cox

Iran may be ‘guilty of crimes against humanity’ after sending arms to Russia, UK ambassador says

Karen Pierce, Permanent Representative of the United Kingdom of Great Britain and Northern Ireland, briefs journalists after the Security Council meeting on the situation in the Middle East (Syria) at the United Nations headquarters in New York, on December 20, 2019.

Europanewswire/gado | Stock Photos | Getty Images

Iran could be guilty of crimes against humanity for producing weapons for Russia to be used in Ukraine, British Ambassador to the United States Karen Pierce said in an interview.

“Even at this late stage, I think the Iranians need to think about how they might be guilty of crimes against humanity by supplying these weapons to the Russians,” Pierce said. Told Andrea Mitchell on MSNBC.

The Washington Post reported that Iran has agreed to start manufacturing hundreds of unmanned drones on Russian soil.

These weapons are expected to be used in the conflict with Ukraine.

-Brian Schwartz

Read CNBC’s previous live coverage here:

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READOUT: Assistant Secretary Adeyemo Convenes Roundtable on Ensuring a More Fair and Accessible IRS https://gametowne.com/readout-assistant-secretary-adeyemo-convenes-roundtable-on-ensuring-a-more-fair-and-accessible-irs/ Thu, 17 Nov 2022 22:00:00 +0000 https://gametowne.com/readout-assistant-secretary-adeyemo-convenes-roundtable-on-ensuring-a-more-fair-and-accessible-irs/ WASHINGTON—Today, U.S. Treasury Undersecretary Wally Adeyemo continued a series of roundtables with key stakeholders to gather insights into IRS modernization efforts that will improve accessibility and equity of services as part of the implementation of the Inflation Reduction Act. The Inflation Reduction Act, passed by Congress earlier this year, made a historic decade-long investment in […]]]>

WASHINGTON—Today, U.S. Treasury Undersecretary Wally Adeyemo continued a series of roundtables with key stakeholders to gather insights into IRS modernization efforts that will improve accessibility and equity of services as part of the implementation of the Inflation Reduction Act.

The Inflation Reduction Act, passed by Congress earlier this year, made a historic decade-long investment in the IRS to modernize tax administration. Under the direction of Secretary Yellen, the IRS is currently developing a strategic operating plan, which will chart the course for these critical improvements. To inform this plan, Secretary Yellen and Assistant Secretary Adeyemo engaged leaders, advocates, and key stakeholders on how best to improve IRS services and improve tax fairness.

As part of this outreach, Assistant Secretary Adeyemo hosted a roundtable with national advocates representing underserved communities to identify ways the agency can improve accessibility and responsiveness to all taxpayers.

During the conversation, Assistant Secretary Adeyemo focused on the challenges faced by underserved taxpayers – including economically disadvantaged communities as well as rural and urban communities. Participants highlighted the need to remove barriers taxpayers face when communicating with the agency, including ensuring services and information are readily available on digital platforms to increase taxpayer responsiveness and accessibility. .

The Undersecretary highlighted the need to revitalize the agency to ensure that taxpayers can easily and quickly access the benefits, credits and refunds to which they are entitled.

The deputy secretary and national advocates were joined by U.S. Treasury and IRS officials, including racial equity adviser Janis Bowdler and tax policy and enforcement adviser Natasha Sarin.

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Global Cash Management System (TMS) Market Size and Forecast https://gametowne.com/global-cash-management-system-tms-market-size-and-forecast/ Mon, 14 Nov 2022 06:21:15 +0000 https://gametowne.com/global-cash-management-system-tms-market-size-and-forecast/ New Jersey, United States – Global Cash Management System (TMS) Market is carefully studied in the report while extensively focusing on key players and their business tactics, geographic expansion, market segments, competitive landscape, manufacturing and structures of prices and costs. Each section of the research study is specially prepared to explore key aspects of the […]]]>

New Jersey, United States – Global Cash Management System (TMS) Market is carefully studied in the report while extensively focusing on key players and their business tactics, geographic expansion, market segments, competitive landscape, manufacturing and structures of prices and costs. Each section of the research study is specially prepared to explore key aspects of the global Cash Management System (TMS) Market. For example, the market dynamics section digs deeper into the drivers, restraints, trends, and opportunities of the global Treasury Management System (TMS) market. With qualitative and quantitative analysis, we help you to perform an in-depth and comprehensive research on the Global Cash Management System (TMS) Market. We have also focused on SWOT, PESTLE and Porter’s Five Forces analyzes of the global Cash Management System (TMS) market.

Key players in the global Cash Management System (TMS) market are analyzed considering their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they focus on when operating in the global Cash Management System (TMS) market. Additionally, the report offers two separate market forecasts – one for the production side and another for the consumption side of the Global Cash Management System (TMS) market. It also provides useful recommendations for new and established players of the global Treasury Management System (TMS) market.

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Kyriba Corp., Nextage, Cash Management Solutions, Finastra, Oracle, SAP, BankSense.

Global Cash Management System (TMS) Market Segmentation:

Cash Management System (TMS) Market, By Type

• Local systems
• Cloud hosted systems

Cash Management System (TMS) Market, By Application

• Government
• Large companies
• SMEs
• Others

Our market analysts are experts in in-depth segmentation of the global Treasury Management System (TMS) market and in-depth assessment of the growth potential of each segment studied in the report. From the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Cash Management System (TMS) market, considering the market potential of the various segments studied. It helps market players to focus on high growth areas of the global Cash Management System (TMS) market and plan powerful business tactics to secure a position of strength in the industry.

The Global Cash Management System (TMS) market study is incomplete without regional analysis, and we are well aware of that. This is why the report includes a comprehensive and all-inclusive study that focuses solely on the geographical growth of the Global Cash Management System (TMS) Market. The study also includes accurate estimates on the growth of the market at the global, regional and country levels. It helps you understand why some regional markets are thriving while others are experiencing declining growth. It also allows you to focus on geographies that have the potential to create lucrative leads in the near future.

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(1) A comprehensive section of the Global Cash Management System (TMS) market report is devoted to market dynamics, which includes influencing factors, market drivers, challenges, opportunities, and trends .

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(3) Players can use the competitive analysis provided in the report to develop new strategies or refine their existing strategies to meet market challenges and increase their share of the global Cash Management System (TMS) market .

(4) The report also examines the competitive situation and trends and sheds light on the ongoing corporate expansions and mergers and acquisitions in the global Treasury Management System (TMS) Market. Moreover, it sheds light on the market concentration rate and market shares of top three and top five players.

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Wells Fargo Business Checking Review – Forbes Advisor https://gametowne.com/wells-fargo-business-checking-review-forbes-advisor/ Thu, 10 Nov 2022 05:43:52 +0000 https://gametowne.com/wells-fargo-business-checking-review-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. A business current account worth considering for any business, regardless of size. Wells Fargo is a national bank that offers a variety of business checking account options and a full line of […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

A business current account worth considering for any business, regardless of size. Wells Fargo is a national bank that offers a variety of business checking account options and a full line of other financial products to meet your business needs.

This review focuses on Wells Fargo business checking accounts and discusses the other business banking products it offers.

Account details correct as of November 8, 2022. Product features and fees may vary depending on your location.

Account Basics

Wells Fargo offers three business checking accounts for small businesses: Wells Fargo Initiate Business Checking℠, Wells Fargo Navigate Business Checking℠ Account and Wells Fargo Optimize Business Checking® Account. Here are the benefits and fee structures for each Wells Fargo business checking account.

Start company verification

Start company verification is a basic business checking account for new business owners. The account is limited to 100 free transactions per month and charges a fee of $0.50 per transaction thereafter. Initiate Business Checking also has a cash deposit limit of $5,000 per month and charges an additional $0.30 for every $100 deposited over the limit.

You can avoid the $10 monthly account service fee by maintaining a minimum daily balance or an average balance of $1,000. A minimum deposit of $25 is required to open an Initiate checking account.

Navigate Business Verification

Navigate Business Checking is a premium, remunerated current account geared towards businesses that process a higher volume of transactions. The account allows up to 250 free transactions per month and charges $0.50 for each additional transaction. Free cash deposits are limited to $20,000 per month, and a fee of $0.30 per $100 deposited is assessed thereafter.

Opening a Navigate Chequing Account unlocks premium benefits, including no service fees on additional Navigate Accounts or Business Platinum Savings Accounts when you link them to your Chequing Account. The account also has no fees for stop payment orders, money orders or cashier’s checks, and you can get discounts of up to two domestic out-of-network ATM fees per month.

Maintaining a minimum daily balance of $10,000 or an average combined balance of $15,000 for all business deposits will help you avoid the $25 monthly account service fee.

Optimize Business Verification

Optimize Business Checking is for larger businesses with larger banking needs. The account provides access to cash management services designed to help businesses with advanced cash management needs.

The account is limited to 250 transactions within a billing relationship per month and charges $0.50 per transaction over the limit. Wells Fargo also charges a $2.50 fee per deposit in person or by mail and a 0.3% processing fee on cash deposits.

Optimize Business Checking has the highest monthly service fee of any Wells Fargo business checking account. It charges a monthly fee of $75, which covers up to five Optimize accounts. The account provides an income allowance that you can use to offset monthly fees.

Other Wells Fargo Business Banking Products and Services

In addition to its checking accounts, Wells Fargo offers several other products and services to meet your business needs. These include:

Distinctive features

All Wells Fargo Business Chequing Accounts come with additional account protection and management benefits. These include:

  • Personalized debit cards and checks
  • 24/7 fraud monitoring
  • Zero Liability Protection
  • Convenient payment options
  • Account alerts
  • Mobile Check Deposit

Access on the go

Wells Fargo business accounts can be accessed online or through Wells Fargo Mobile, the bank’s popular mobile app. The bank’s online tools allow you to manage employee accounts and access levels, transfer funds, deposit checks remotely, send payments, pay employees and more. Account holders can also integrate accounts with third party financial and accounting software.

Business customers can also access Wells Fargo account services at any of the bank’s 4,900 branches and more than 12,000 ATMs across the network. Phone support is available by calling 800-225-5935.

Advantages

  • Three current account options for different business needs
  • Monthly fees are waived
  • Large national footprint with 4,900 bank branches and 12,000 ATMs
  • Highly rated mobile app
  • Various online business tools and services
  • Personalized cards and checks

The inconvenients

  • No free business current account
  • Confusing transaction limits and fee structure
  • Fees for exceeding monthly transaction and cash deposit limits

How Wells Fargo Compares

Wells Fargo offers full-service business banking that should appeal to many business owners. With an extensive network of branches and ATMs, it’s a solid choice for businesses looking for in-person banking. The bank’s website also provides corporate clients with various tools to help with cash flow management.

Wells Fargo is not a good option if you want a free current account. His three business checking accounts have significant monthly fees. Although fees on each account are waived, you must meet minimum account balance requirements. The accounts also have monthly transaction and deposit limits which could be a problem for companies that regularly exceed these limits.

Find the best business checking accounts of 2022

Frequently Asked Questions (FAQ)

Is Wells Fargo FDIC insured?

Yes, Wells Fargo is FDIC insured. When you deposit money into an FDIC-insured account at Wells Fargo, your money is protected against bank failure for up to $250,000 per depositor, for each category of account ownership.

What do I need to open a business checking account with Wells Fargo?

Wells Fargo requires businesses to provide appropriate business verification documentation. Specific requirements may depend on the type of business, but generally include your:

  • Social Security number
  • Company tax identification number
  • Driver’s license or valid identity card
  • Company registration information
  • Opening deposit

You can apply for Wells Fargo business checking accounts online, although some businesses may be required to make an appointment at one of the bank’s branches to open an account.

Does Wells Fargo charge fees on their checking accounts?

Wells Fargo’s three business checking accounts have monthly service fees ranging from $10 to $75, but fees can be waived by meeting minimum balance requirements. Wells Fargo charges additional fees for exceeding monthly account transaction and cash deposit limits.


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Citizens Financial Group Announces Prime Rate Change https://gametowne.com/citizens-financial-group-announces-prime-rate-change/ Wed, 02 Nov 2022 21:19:00 +0000 https://gametowne.com/citizens-financial-group-announces-prime-rate-change/ PROVIDENCE, RI–(BUSINESS WIRE)–Citizens Financial Group, Inc. (NYSE: CFG) today announced that Citizens Bank, NA has raised its benchmark rate from 6.25% to 7.00%, effective Thursday, November 3, 2022. About Citizens Financial Group, Inc.. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $224.7 billion in assets as of September […]]]>

PROVIDENCE, RI–()–Citizens Financial Group, Inc. (NYSE: CFG) today announced that Citizens Bank, NA has raised its benchmark rate from 6.25% to 7.00%, effective Thursday, November 3, 2022.

About Citizens Financial Group, Inc..

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $224.7 billion in assets as of September 30, 2022. Headquartered in Providence, Rhode Island, Citizens offers a wide range of retail and commercial banking products and services for individuals, small businesses, ETIs, large corporations and institutions. Citizens helps its clients reach their potential by listening to them and understanding their needs in order to offer advice, ideas and tailor-made solutions. In Consumer Banking, Citizens offers an integrated experience that includes mobile and online banking, a full-service customer contact center, and the convenience of approximately 3,400 ATMs and approximately 1,200 branches in 14 states and the district. of Columbia. Consumer Banking’s products and services include a full suite of banking, lending, savings, wealth management and small business offerings. In commercial banking, Citizens offers a wide range of financial products and solutions, including lending and leasing services, deposit and cash management services, foreign exchange risk management solutions, interest rate interest and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn Where Facebook.

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Latest Civil Service and Public Affairs Moves – October 31 https://gametowne.com/latest-civil-service-and-public-affairs-moves-october-31/ Mon, 31 Oct 2022 10:05:21 +0000 https://gametowne.com/latest-civil-service-and-public-affairs-moves-october-31/ Government reshuffle Details of the redesign are available here. British government Department of Digital, Culture, Media and Sport – British Tourism Authority – Nick de Bois appointed chairman for three years from November 1 to October 31, 2025. Royal Museums Greenwich – Professor Julian Dowdeswell has been reappointed administrator for four years. Visit England […]]]>

Government reshuffle

Details of the redesign are available here.

British government

  • Department of Digital, Culture, Media and Sport – British Tourism Authority Nick de Bois appointed chairman for three years from November 1 to October 31, 2025. Royal Museums Greenwich – Professor Julian Dowdeswell has been reappointed administrator for four years. Visit England – Fiona Pollard is appointed interim chair of the advisory board for nine months from November 1 to July 31, 2023, while the process to appoint a permanent chair is conducted following the resignation of Nick de Bois CBE.
  • Ministry of Justice Judicial Appointments Commission – The Honorable Justice Adam Johnson is appointed Judicial Commissioner for three years. Civil Procedure Rules Committee – Ian Curtis-Nye appointed as a lay member for three years effective October 24. Sentencing Council – Beverley Thompson-Brown OBE reappointed as non-judicial member for three years.
  • Northern Ireland Office Leslie Philpott was reappointed as Senior Non-Executive Director of the Northern Ireland Office for three years until September 30, 2026. Deirdre Toner was reappointed as Chairperson of the Civil Service Commissioners for five years until May 31, 2028.
  • Privy Council Office – David Davies, Gillian Keegan, John Glen, Victoria Prentis and Jeremy Quin are appointed Privy Councilors.
  • transport department – Active trip to England – Declan Collier, Isabel Dedring, Andy Street and Sir Chris Whitty appointed to new advisory board.
  • Her Majesty’s Treasury – Bank of England – Reappointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking approved by Treasury Committee.

Houses of Parliament

Communal room

  • Christian Matheson appointed Steward and Usher of the Three Hundred of Chiltern on October 21 after upright as a deputy. A by-election for a new Chester City MP will be held on December 1.

Committee chairs

  • Education Committee – due to the appointment of President Robert Halfon as Minister of State in the Ministry of Education on October 26, an election will be held to appoint a new President in due course. Andrew Lewer added; Dr. Caroline Johnson has been released.
  • Health and Social Affairs Committee – Currently, only one presidential candidate: Steve Brine. James Morris and Helen Whately added; Marco Longhi and Dean Russell have been released.
  • Treasury Committee – Due to the appointment of President Mel Stride as Secretary of State for Work and Pensions on October 25, an election will be held to appoint a new President. Applications are open until November 8 at noon. If there is only one candidate, the result is likely to be announced that day. If there is more than one candidate, the ballot will take place on November 9 and the result will be announced in the Chamber later in the day.
  • Business, Energy and Industrial Strategy Committee – Bim Afolami, Jonathan Djanogly, Ruth Edwards and Robert Largan added; Richard Fuller, Nusrat Ghani, Paul Howell and Mark Jenkinson were released.
  • Defense Committee – Andrew Bowie and Robert Courts added; Stuart Anderson and Sarah Atherton have been released.
  • Upgrading Committee, Housing and Communities – Natalie Elphicke and Paul Holmes added; Sara Britcliffe and Darren Henry have been released.
  • Northern Ireland Affairs Committee – Robin Walker added; Scott Benton released.
  • Public Accounts Committee – Jonathan Djanogly and Anne Marie Morris added; Shaun Bailey, Anthony Higginbotham and Craig Mackinlay have been released.
  • Science and Technology Committee – Stephen Metcalfe and Iain Stewart added; Dehenna Davison and Katherine Fletcher have been released.
  • Transportation Committee – Jack Brereton added; Simon Jupp released.
  • Women and Equality Commission – Victoria Atkins added; Jackie Doyle-Price released.

House of Lords

  • The presentation of Lord Johnson of Lainston (Tory, life peer) and Lord Murray of Blidworth (Tory, life peer) to the Lords took place on October 24.
  • The Earl of Effingham (Conservative) and Lord Ashcombe (Conservative) elected hereditary peers on 24 October.
  • The Bishop of Lichfield joined the House of Lords on October 25.

Political parties

Conservatives

Michael Prendergast selected as candidate for upcoming West Lancashire by-election. Current MP Rosie Cooper has yet to officially step down as an MP.

Deconcentrated administrations

Scottish Government

Ash Regan resigned as Minister of Community Safety on October 27.

Welsh Government

Youth Work Strategy Implementation Council – Deb Austin, Marco Gil-Cervantes, Kelly Harris, Lowri Jones, Shahinoor Alom Shumon, Joanne Sims, Dr. Simon Stewart, Sian Elen Tomos, David Williams are appointed as board members.

Northern Ireland Executive

  • Les Allamby appointed discretionary support commissioner from 1 November.
  • Agrifood and Biosciences Institute – Roberta Brownlee reappointed as vice-president for two years from April 1, 2023 to March 31, 2025.
  • Northern Ireland Building Regulations Advisory Committee – Mabel Higgins reappointed as chair until April 14, 2025; Ross Reid reappointed as a member (Architecture area of ​​expertise) and David Algie reappointed as a member (Building Services, Engineering and Energy area of ​​expertise) until September 29, 2025.
  • Northern Ireland Fishing Port Authority – Alan McKeown is named interim chairman of the board for nine months.
  • Northern Ireland Housing Executive – Nicole Lappin appointed Chair of the Board of Directors effective November 5.

Local authorities

Interested in an updated contact list of local government leaders? Contact your Dods Account Manager or Customer service for more details.

  • Conwy County Borough Council – Rhun ap Gareth appointed managing director, succeeding Iwan Davies who will retire at the end of November.
  • Slough Town Council – Stephen Brown is appointed Managing Director.

Industry

If you and your organization would like to be included in this section, email us at editor@dodsgroup.com

Companies

  • Boeing– Russ Oates joining the UK Global Media Team; Nicola Hammond has been appointed to replace him as Head of Communications in the UK and Ireland.
  • Thakeham– Claire Macaleese appointed chief commercial officer from November, leaving the post of director of communications Europe and Israel at Boeing.

Interest groups

  • British Heart Foundation – Dr. Doug Gurr resigned as president after seven years in the role; he was replaced by Wendy Becker.
  • Guy’s & St Thomas’ Charity, Evelina London Children’s Charity and Guy’s Cancer Charity – Barbara Kasumu is appointed Executive Director. All three charities are part of the Guy’s & St Thomas’ Foundation and support the Guy’s and St Thomas’ NHS Foundation Trust.

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This Week in Payments: Money20/20 and Industry Trends https://gametowne.com/this-week-in-payments-money20-20-and-industry-trends/ Fri, 28 Oct 2022 22:12:46 +0000 https://gametowne.com/this-week-in-payments-money20-20-and-industry-trends/ The news in the world of payments this week covered Amazon, Money20/20 and the topics discussed at this global FinTech event in Las Vegas: “everything integrated”, compliance, fraud and access to capital. Treasury bounty Co-founder and CEO Chris Dean joined PYMNTS’ Karen Webster to discuss these topics on the latest episode of “This Week in […]]]>

The news in the world of payments this week covered Amazon, Money20/20 and the topics discussed at this global FinTech event in Las Vegas: “everything integrated”, compliance, fraud and access to capital.

Treasury bounty Co-founder and CEO Chris Dean joined PYMNTS’ Karen Webster to discuss these topics on the latest episode of “This Week in Payments.”

First on the agenda was Amazon’s earnings report on Thursday, which indicated the market was going to be a little soft. This led to the market punishing the company, even though everyone expected sales to be weaker.

Read more: Amazon tightens its belt, consumers too

Dean said Amazon is still a great company, but its growth metrics won’t be what people would like them to be. The economy is where it is and the markets are adjusting to it, predicting that the next two quarters will not be as strong as they would have liked.

Read more: Amazon’s earnings pain will be felt by rivals and customers

Noting the strength of Amazon Web Services (AWS) and Amazon’s move into healthcare, Dean said the company is a great, diverse company with a lot going for it.

“I think the market said it’s overvalued for what it is, and they just want to make a correction, that’s all,” Dean said. “I don’t think there’s anything wrong; it’s not going to grow that fast. I don’t think so; I think it’s time to buy Amazon.

See “All integrated”

This week, many industry players also took to Money20/20. One of the talking points was “everything integrated,” Webster said, including integrated payments, integrated finance and integrated instant payments.

Read more: FinTech Adyen launches integrated financial tools in the United States and Europe

Integrating services into an overall flow, like on an app, makes it easier for companies to manage their business, Dean said. As a company offering an application programming interface (API) that opens bank accounts, transfers money and performs other integrated functions, Treasury Prime thinks it’s the future.

Read more: B2B company AP Finexio raises $35 million to expand integrated payments

“The growth rate is so important,” Dean said. “Deposits and activity going out of banks – large and small banks – and going through these embedded people and to whoever their sponsor banks – the growth is just staggering.”

Read more: BNPL App Provider Ranking Is The Same Old, Until It’s Not

Fight against compliance and fraud

Fraud was another topic of conversation at Money20/20. FinTechs struggle with fraud, especially in terms of money from checks and digital methods.

Read more: PYMNTS Intelligence: human intelligence is insufficient to fight against fraud

“If there was a big topic for me, it was around this thing — more broadly around compliance, which includes fraud and so on,” Dean said.

There is a lot of activity around regulatory agencies and banks discussing how things should be run, he explained.

Fraud happens, Dean said, but if there’s a well-run bank and a good FinTech partnership, it’s manageable.

Regulators and businesses grapple with the challenge of keeping money both liquid and safe. If it’s not done well, things will slow down and impact the customer experience.

Worry about margins and everything else

The uncertain environment, access to capital and the impact on FinTech were also widely discussed during Money20/20. Participants talked about potential acquisitions because sources of capital have become unavailable to companies.

Read more: Retailers rush to react as consumers pull back on inflation

Many FinTechs that had raised huge sums in seed rounds when it was easy to raise money a year or two ago are now finding that they can no longer do so because they are not tailored to the product market, Dean said. Many will pivot dramatically in an attempt to improve or fail.

“I think the message a year ago was, ‘I only care about revenue’, and the message now is, ‘I care about your margins. I care about everything,” Dean said.

Read more: Digital budgeting tools are a lifeline in the age of inflation for Millennials and Gen Z

In summary, Dean said he was pleasantly surprised by the activity of Money20/20. Having been worried it would be empty due to the economy, he found the event to be packed.

“What I noticed the most was how dynamic everyone was,” Dean said. “You could tell some people were worried about their stuff, but more people than that were like, ‘Yeah, we get it. We are well.’ ”

We are always looking for partnership opportunities with innovators and disruptors.

Learn more

https://www.pymnts.com/news/investment-tracker/2022/payments-platform-connexpay-raises-110-million-dollars-plans-european-expansion/partial/

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National Bank Security https://gametowne.com/national-bank-security/ Sun, 23 Oct 2022 05:00:00 +0000 https://gametowne.com/national-bank-security/ NATIONAL SECURITY BANK RESTRUCTURES COMMERCIAL BANK Brian Elsasser Mark White Cindy Mowery Lindsey Miltner National Security Bank announces promotions and new hires as it revamps its commercial banking division, based at its Three Pacific Place headquarters at 1120 S. 101st Street in Omaha, Neb., to meet the growing needs of its customers. Brian Elsasser has […]]]>

NATIONAL SECURITY BANK RESTRUCTURES COMMERCIAL BANK Brian Elsasser Mark White Cindy Mowery Lindsey Miltner National Security Bank announces promotions and new hires as it revamps its commercial banking division, based at its Three Pacific Place headquarters at 1120 S. 101st Street in Omaha, Neb., to meet the growing needs of its customers. Brian Elsasser has been named senior vice president and commercial banking team leader. Elsasser joined the bank earlier this year and brings 18 years of banking experience to the commercial and industrial banking division. He earned a Bachelor of Science in Business Administration from the University of Nebraska-Omaha. Elsasser volunteers with Special Olympics Nebraska, Nebraska DECA, and Junior Achievement. He is Chairman of the Finance Committee of St. John Vianney Church and a member of the United Way of the Midlands Community Investment Review Team. Mark White has been promoted to senior vice president and team leader of commercial real estate. White has worked for National Bank Security since 2013, specializing in relationship building and advising clients on complex real estate projects in today’s market. White holds a Bachelor of Science in Economics from the University of Nebraska at Kearney. White is also a board member of Grief’s Journey and competes in Mustaches 4 Kids Omaha. Cindy Mowery has joined the bank as senior vice president and director of cash management sales to lead the bank’s team working with commercial businesses to help manage their working capital, prevent fraud and process transactions . Mowery holds a Bachelor of Science in Business Administration from Peru State College. She is a graduate of the ICAN Leadership Program and a volunteer for Sheltering Tree and Special Olympics of Nebraska. Lindsey Miltner joined the bank as Vice President and Treasury Management Consultant. Miltner brings 16 years of industry experience to the treasury management team. She is attending Nebraska Wesleyan University to earn a Bachelor of Science in Organizational Communication and is a Certified Financial Marketing Professional and Certified Treasury Candidate. Miltner specializes in building customer relationships to help provide products and services that our customers can use to optimize their financial situation. “We are excited to add these services to help our customers meet their changing financial needs,” said Jim Huerter, senior vice president and chief commercial banking officer. “With this group of leaders, our clients will receive the superior level of personalized service they expect at National Bank Security.” Security National Bank is one of the largest private community banks in the Midwest with over $1.3 billion in assets. Within the private client services division, its wealth management team exceeds $1.6 billion in assets under management. The bank has 12 full-service locations in Omaha, Neb.; Council Bluffs and West Des Moines, Iowa; and Dallas. For 58 years, the bank has provided comprehensive financial solutions to individuals through private client services, consumer banking and mortgages and to businesses through commercial banking and cash management. To learn more, visit SNBconnect.com.

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Federal Budget, Jim Chalmers: Cost of Phase 3 tax cuts explodes by $11 billion https://gametowne.com/federal-budget-jim-chalmers-cost-of-phase-3-tax-cuts-explodes-by-11-billion/ Thu, 20 Oct 2022 00:35:01 +0000 https://gametowne.com/federal-budget-jim-chalmers-cost-of-phase-3-tax-cuts-explodes-by-11-billion/ Jim Chalmers revealed that the cost of the Phase 3 tax cuts had skyrocketed by $11 billion. The Treasurer said Thursday that the latest cost of Treasury policy had fallen from $243 billion over a decade to $254 billion. Dr. Chalmers made the revelation on ABC Radio National, five days before delivering his first federal […]]]>

Jim Chalmers revealed that the cost of the Phase 3 tax cuts had skyrocketed by $11 billion.

The Treasurer said Thursday that the latest cost of Treasury policy had fallen from $243 billion over a decade to $254 billion.

Dr. Chalmers made the revelation on ABC Radio National, five days before delivering his first federal budget.

The revelation is likely to reignite the debate over the fairness of tax cuts for high-income workers at a time when the budget is facing considerable constraints.

The cuts, which are due to take effect in July 2024, would mean that no one earning up to $200,000 a year will pay more than 30 cents on the dollar in tax.

In 2019, Labor backed the Morrison government to legislate three tiers of tax cuts – starting with relief for low and middle incomes – and later said ahead of this year’s election they would stick to stage three in place.

Dr Chalmers had asked Treasury officials to prepare a new estimate of the policy’s costs earlier this month after a week in which the Albanian government gave free rein to speculation over whether the cuts would be reversed or reduced.

Critics of the tax cuts, including some within Labour, say they are neither affordable nor fair.

But Dr Chalmers has ruled out changing the policy, at least for now.

Asked on Thursday whether he was alarmed by the $11 billion blast, Dr Chalmers said it was “pretty clear to everyone” that the tax cuts would hit the budget.

“But I think what we’ve argued for is that they’re coming in a few years,” he said.

“We have more pressing priorities, the budget will not be about these tax cuts.”

Dr Chalmers said next week’s budget would focus on responsible cost-of-living relief, “targeted investments” to create a more resilient economy and the start of fiscal repair after what he calls ” decade of waste and destruction” by the Coalition.

He said his predecessors had effectively ambushed Labor after a government audit uncovered $6.4billion in extra spending on services such as aged care which had not been funded but should be included in this budget.

“Our predecessors more or less trapped the budget with heaps of spending, billions of dollars of spending, which is unavoidable, for which room had to be found. And we did it,” he said.

He said high commodity prices had resulted in a windfall for Commonwealth exports, which would relieve the budget over the next two years.

But he warned the boost was only temporary and would not keep pace with the amount of money the government would need to spend on public services and repay interest on nearly $1 trillion of debt.

Dr Chalmers has repeatedly said that the Albanian government would have to make ‘tough decisions’ in order to cover the spiraling costs of the ‘big five’ government services, including the national disability insurance scheme, care for the elderly and defense.

Asked later on Thursday how the government could justify maintaining the Stage 3 tax cuts, Prime Minister Anthony Albanese said “we haven’t changed our position on this.”

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Exelon Announces Leadership Changes as the Company Shapes the Future of Power Distribution and Grid Transformation https://gametowne.com/exelon-announces-leadership-changes-as-the-company-shapes-the-future-of-power-distribution-and-grid-transformation/ Mon, 17 Oct 2022 20:05:00 +0000 https://gametowne.com/exelon-announces-leadership-changes-as-the-company-shapes-the-future-of-power-distribution-and-grid-transformation/ CHICAGO–(BUSINESS WIRE)–Exelon (Nasdaq: EXC) today announced that it has promoted Calvin G. Butler Jr. to President and Chief Operating Officer and Jeanne Jones to Executive Vice President and Chief Financial Officer. Former President and CEO Chris Crane continues to serve as Exelon’s CEO, leading the company’s 18,000 employees who serve more than 10 million customers […]]]>

CHICAGO–(BUSINESS WIRE)–Exelon (Nasdaq: EXC) today announced that it has promoted Calvin G. Butler Jr. to President and Chief Operating Officer and Jeanne Jones to Executive Vice President and Chief Financial Officer. Former President and CEO Chris Crane continues to serve as Exelon’s CEO, leading the company’s 18,000 employees who serve more than 10 million customers in five states and the District of Columbia in six energy distribution companies – Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco.

This is a pivotal time for the energy industry as we invest in the grid to ensure its reliability, resilience and security, while expanding access to renewable energy, enabling decarbonization targets and pursuing the electrification of the transport sector,” said Chris Crane, CEO of Exelon. “Throughout Exelon’s evolution as a company, we have achieved our goals with highly skilled management teams to deliver exceptional results, and I am proud that we have such a talented team on board.

This is an expanded role for Butler, who previously served as senior executive vice president and chief operating officer. Butler joined Exelon in 2008, holding several management positions at Exelon, ComEd and BGE. In addition to leading operations serving Exelon’s electricity and natural gas customers, Butler will now oversee several corporate functions, including information technology, procurement, facilities, security, communications and business relationships.

Calvin has been instrumental in the growth and transformation of Exelon during his 14 years on our leadership team and is a guiding force in our work to ensure customers, equity and community support we serve remain central to our strategy,” said Crane. “Calvin leads a team resolutely focused on growing the business to enable a cleaner, brighter future for our customers and communities. »

It is an honor to work with Exelon’s more than 18,000 employees building on our company’s track record of success in providing safe, reliable, affordable and equitable energy services to our customers in some of the metropolitan areas. largest and most diverse in the United States. “, Butler said. “We greatly value our role as a partner with the communities and customers we serve to lead the transformation of the network to achieve our shared climate and economic development goals.

Jeanne Jones, previously Senior Vice President of Corporate Finance, succeeds Joseph Nigro as Chief Financial Officer of Exelon. Jones joined Exelon in 2007. She has extensive experience in financial planning, cost management, capital budgeting, project management, investor relations and treasury operations in the businesses of Exelon before and after the separation. Previously, Jones served as Chief Financial Officer of ComEd, which provides electricity to more than 4 million residential and commercial customers in northern Illinois. She also served as Exelon Nuclear’s Vice President of Finance and Chief Financial Officer of Exelon’s Joint Venture Nuclear Group.

Jeanne brings extensive utility finance experience to the role of Chief Financial Officer and was instrumental in shaping the new Exelon as we separated the energy delivery and power generation businesses. We look forward to his continued vision and leadership as we redefine how energy companies advance sustainability and improve performance,” said Crane.

As Chief Financial Officer, Nigro has overseen Exelon’s financial activities since 2018, most recently through the successful separation of the company’s competitive power generation business. Nigro was CEO of Constellation’s retail and wholesale power trading business from 2013 to 2018 and spent 26 years at Exelon at a time when the power industry was restructuring power markets to enable the competitive sale of electricity, natural gas and other energy-related products and services to customers throughout the country. He will serve as Senior Advisor to the CEO until March 31, 2023.

We thank Joe for his 26 years of service with the company and for his work in successfully spinning off the older generation and competitive energy business of Exelon earlier this year. Joe was instrumental in growing Constellation’s competitive energy business during his tenure as CEO,” Crane said.

Exelon is the country’s largest power transmission and distribution company. More information about Exelon is available at exeloncorp.com.

About Exelon

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities – Atlantic City Electric ( ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO) and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to delivering a cleaner, brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development work, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.

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