Liquidity levels at US banks have improved significantly in the last 12 months, according to a report by Moody’s. However, the ratings agency warned that the improvement, positively influenced by strong consumer and commercial deposit growth, ‘could come to a halt if equity markets continue to rebound.’ Nonetheless, of the 86 banking organizations surveyed, 73 per cent saw their net cash-capital positions improve from first quarter 2002 to first quarter 2003. As for bank holding companies specifically, Sean Jones, a Moody’s senior vice president, noted that more management teams are committed to maintaining a positive liquidity position at this level. ‘In March 2003 58 per cent of US bank holding companies had a positive holding company liquidity position – a gain of seven per cent over the prior year,’ he said.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.