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Banking

BankingTechnology
August 19, 2021

Send in the Robot: Automating Bank Account Signatory Maintenance

One corporate’s solution uses RPA and ServiceNow to solve the problem of updating signatories on bank accounts.Treasury teams at multinational corporations with scores of banks and hundreds of bank accounts often struggle to find out in a timely manner when the people who are signatories on those accounts—spread across the globe—change jobs or leave the company. That’s a problem. One member of NeuGroup for Global Cash and Banking recently described to peers how her company solved the problem by creating…
Justin Jones
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BankingCapital MarketsFX
July 22, 2021

Ripple Effects: Gauging Inflation’s Impact on US Rates and Economy

Despite increasing inflation, interest rates should remain low until late 2023, UMB bank tells assistant treasurers. Economic growth turned negative at the start of the pandemic but is rebounding strongly as the United States advances through what some call the Great Rotation—major changes that Eric Kelley, executive VP and director of research and fixed income for UMB Bank, said should result in a strong reopening over the next 12 to 24 months. UMB Bank is a large regional bank serving mainly…
Antony Michels
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BankingD&I
July 15, 2021

A Bigger Slice: Bank Boosts Roles of Diverse-Led Firms in Bond Deals

Morgan Stanley shares insights on its approach to partnering with diverse-led firms, including increased fees and mentorship.Morgan Stanley recently shared how it is expanding the role of banks and broker-dealers owned and run by minorities, women and veterans—so-called diversity or diverse-led firms—in self-led bond deals. The insights came during a NeuGroup meeting of bank treasurers sponsored by Morgan Stanley. Many corporates in the NeuGroup network are encouraging banks that underwrite their debt offerings to allocate bonds to diverse-led firms and…
Justin Jones
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BankingInvestment ManagementTalking Shop
July 15, 2021

Talking Shop: Investing in Collateralized Loan Obligations

Member question: “Have any members considered/evaluated adding to their investment portfolio in the current environment? “While we’ve had CLOs in the portfolio in the past, it’s something that hasn’t been actively pursued in recent years and we are dusting it off for evaluation.” Peer answer 1: “We have been investing in CLOs since Q2, almost exclusively in the AAA space, but we have authorization to do AA. Spreads are tight, but they are a good option to park cash and…
Justin Jones
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BankingCryptoTechnology
June 24, 2021

Early Innings in the Fintech Disruption Game

A partner at VC firm Canapi Ventures says regional banks can play by helping developing the digital infrastructure. Blockchain-technology firms may be among the best-known disruptors of traditional banking services, thanks in part to the extreme volatility of the cryptocurrencies the technology supports, like Bitcoin. But fintechs take many forms, and the real disruption is still to come. That takeaway surfaced at a recent NeuGroup meeting of bank treasurers that included insights from Jeffrey Reitman, a partner at Canapi Ventures, which…
Justin Jones
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BankingLibor SOFRRisk Management
June 3, 2021

Deep Liquidity: Officials Backing SOFR Point to the Repo Market

ARRC Chair Tom Wipf and Nate Wuerffel of the New York Fed on the benefits of SOFR vs. other rates.Know your Libor replacement term rate inside and out. That was the message delivered to regional bank treasurers by top officials leading the effort to replace USD Libor that has led to the development of the secured overnight financing rate (SOFR). More than $200 trillion in transactions are priced over Libor, but the interbank lending market on which the floating-rate benchmark…
Justin Jones
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BankingFX
June 3, 2021

Looking at How Banks Look at You: Revolvers, Fees and Wallet Share

Treasurers seeking clarity on bank fees and product profitability get insights from Chatham Financial and NeuGroup.At a recent meeting of NeuGroup for Large-Cap Treasurers, members compared notes on revolving credit facilities, bank groups and share of wallet issues, including which products produce the greatest return for banks. A survey taken before the meeting revealed that despite market volatility last year that could have convinced corporates to replace some banks, most members did not see the size or composition of their…
Justin Jones
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BankingD&I
June 3, 2021

Working Together: Meaningful Relationships With Community Banks

NeuGroup’s Diversity & Inclusion Working Group meets with leading MDIs/CDFIs to identify ideal collaborations.Just over a year ago, the death of George Floyd led to a widespread cultural reckoning, with many companies pledging millions toward social justice initiatives. Some corporate treasurers are now viewing so-called impact investing as a part of regular, day-to-day activity. At a Q&A session with executives from five leading minority depository institutions (MDIs) and community development financial institution (CDFIs), NeuGroup’s Diversity and Inclusion Working Group shared…
Justin Jones
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BankingD&I
May 27, 2021

Putting Money Where Your Mouth Is: Diversity Scores for Bank Groups

One treasury team factors the diversity of its bank coverage teams into share-of-wallet decisions.As corporations articulate diversity and inclusion (D&I) goals more publicly, treasurers are setting out to live up to D&I values on their own teams and apply them to their banking relationships as well. At a recent meeting of NeuGroup for Tech Treasurers, one member said his team surveys its banks on the diversity of its coverage teams, resulting in a score that treasury takes into account for…
Justin Jones
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BankingCash & Working CapitalCOVID-19
May 27, 2021

Too Much Money: Banks Struggle With Surging Deposits

Banks awash in deposits need to prioritize active accounts making use of services that generate fees and revenue.Originating loans as the pandemic recedes and the economy revives is a major challenge for banks today—but so is the surge in deposits since spring 2020 and just what to do with them given the lack of precedent. Consumer and commercial deposits increased by more than $3 trillion, or roughly 20%, since the onset of pandemic through the end of December, according to…
Justin Jones
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