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Banking

BankingRegional
April 7, 2022

Ripple Effects: ADP’s Russia Exit Fuels Search for Payroll Options

The payroll processor’s pullout is another snag facing corporates. Others: collecting receivables, payment delays, supply chain woes.Editor’s Note: NeuGroup is running weekly special sessions on the Russian-Ukrainian crisis. Senior executive advisor Paul Dalle Molle, a former banker with extensive European experience, leads the discussions.By Paul Dalle MolleNews that payroll processor ADP had notified one NeuGroup member company that it will cease payroll operations in Russia on June 30 generated plenty of discussion at our most recent weekly Russia crisis session. One treasurer…
Justin Jones
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BankingRegional
March 31, 2022

New Territory: An Expert’s Take on ‘Unprecedented’ Russia Sanctions

Attorney Adam M. Smith, a former senior advisor to the director of OFAC, shares insights and perspective on sanctions.Editor’s Note: NeuGroup is running weekly special sessions on the Russian-Ukrainian crisis. Senior executive advisor Paul Dalle Molle, a former banker with extensive European experience, leads the discussions.By Paul Dalle MolleAt this week’s NeuGroup Russia session, members heard insights on sanctions and the road ahead from Adam M. Smith, a partner at Gibson, Dunn & Crutcher’s Washington, D.C. office, who is a leading…
Justin Jones
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BankingRegional
March 24, 2022

Russia Sanctions and Exits: Devil’s in the Details

Members discuss bank guarantees, clients that are in no hurry to pay and good news on intercompany funding—at least for now.Editor’s Note: NeuGroup is running weekly special sessions on the Russian-Ukrainian crisis. Senior executive advisor Paul Dalle Molle, a former banker with extensive European experience, leads the discussions.By Paul Dalle MolleThe war in Ukraine is now, sadly, one month old. With this milestone we also note an evolution of the concerns of NeuGroup members. They have more clarity on their…
Justin Jones
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BankingCash & Working CapitalRegional
March 17, 2022

Liquidity and Payments in Focus as Sanctions Deadlines Loom 

Top concerns remain paying salaries to staff and ensuring local businesses have enough liquidity to meet their obligations.   Editor’s Note: NeuGroup is running weekly special sessions on the Russian-Ukrainian crisis. Senior executive advisor Paul Dalle Molle, a former banker with extensive European experience, leads the discussions. By Paul Dalle Molle Thousands of international companies have been weighing their options since Russia’s invasion of Ukraine. These range from full and immediate pullouts to doing business as usual—and many nuanced positions in between. Even corporates…
Justin Jones
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BankingRegional
March 10, 2022

Russia Crisis: Finance Navigates Complexity, Fluidity, Unknowns

Paying staff in Russia as companies exit and complying with complex sanctions increase pressure on finance leaders. Editor’s note: NeuGroup is running weekly special sessions on the Russian-Ukrainian crisis to help members navigate the financial consequences of the war. NeuGroup senior executive advisor Paul Dalle Molle, a former banker with extensive European experience, leads the discussions, and we asked him to share his latest insights and takeaways.  By Paul Dalle Molle At this stage of the crisis, there are still,…
Justin Jones
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BankingRegional
March 3, 2022

Russia Sanctions and Counter-sanctions: Treasury Prepares for the Unknown

NeuGroup’s Feb. 28 emergency session on the implications of Russian bank sanctions helped treasurers share challenges and learn from others’ real-time responses.The crisis in Europe has the potential to wreak havoc on global payments systems, and the stakes are high. Many multinational companies have Russian operations and relationships with local banks (for payroll at least) that may be on the sanctions list. These corporates are therefore sitting on potentially trapped cash. Others own stakes in Russian companies; we saw BP…
Justin Jones
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BankingD&I
February 3, 2022

Opening Doors: Giving D&I Brokerage Firms More Meaningful Roles

More corporates are expanding the parts played by diversity firms beyond sharing deal economics with bigger banks.Corporates committed to the long-term success of brokerage firms that are owned and run by Black and Hispanic people as well as women and veterans are going to greater lengths to give these so-called diversity firms not only fees, but more meaningful roles in capital markets transactions. That key takeaway emerged at a late January meeting of the NeuGroup for Diversity and Inclusion working…
Justin Jones
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BankingRegional
February 3, 2022

Russia Sanctions Strategy: Corporates Prepare for Disruptions

Members at a special NeuGroup session discuss banks, dividends, SWIFT payments and more amid Russia-Ukraine tensions.Cross-border payments with SWIFT, relationships with local and foreign banks and repatriating funds are among the key focal points of corporate treasury teams planning for possible US and EU sanctions if Russia attacks Ukraine. That takeaway surfaced Wednesday at a NeuGroup session on contingency planning attended by more than 80 members—a packed virtual house that shows the significance of the situation for corporates with business…
Justin Jones
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BankingTechnology
January 19, 2022

Eye-Opening: A Tech Treasurer Embraces APIs To See Cash in Real Time

A growing tech company connects with FinLync as it juggles cash, debt and a need to improve visibility.Real-time cash management made possible by wider adoption of APIs by banks has provided one tech treasurer the daily visibility into the company’s bank account balances that he craved for years. “This has become more important to us not just since Covid, but since tax reform in 2017 when we were sitting on a couple billion dollars offshore, like most tech companies,” he told peers…
Justin Jones
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BankingCapital Allocation
January 19, 2022

Spreading Capital Like Peanut Butter: One Bank’s Allocation Method

An understandable and flexible approach supported by top executives brought business leaders on board.Extensive analysis showed a large regional bank’s share price is highly correlated to consistent return on equity (ROE) performance, prompting its treasury team to set about developing a process to ensure the appropriate ‘E’ was assigned to business units. The treasurer described the bank’s “hybrid” capital allocation approach to peers in a recent meeting. Three “guiding principles” to developing the approach were making sure the aggregated allocated…
Justin Jones
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