Moody’s Investors Service affirmed the credit ratings of First Union Corporation (senior at A1) and its subsidiaries (Aa3 at the bank for deposits). Moody’s also maintained its stable rating outlook on First Union (FTU). The affirmation follows the announcement that FTU intends to noticeably improve its capital ratios by cutting its dividend in half. Moody’s noted that this step would not only improve FTU’s capital ratios company-wide but also underpin FTU’s liquidity position at the bank holding company. The dividend cut expands FTU’s financial flexibility, as the industry enters what could be a more challenging economic environment, said Moody’s. First Union is headquartered in Charlotte, NC. As of September 30, 2000 its assets were $247 billion.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more