JPMorgan Chase

Payment Gateway Market worth $48.4 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Wednesday, April 10, 2024

Based on payment gateway type, the API hosted and local bank integration gateway segment to hold second largest market size during the forecast period.

Key Points:

Based on payment gateway type, the API hosted and local bank integration gateway segment to hold second largest market size during the forecast period.
API-hosted payment solutions offer businesses unparalleled flexibility in integrating with a wide range of payment methods beyond traditional credit cards, including digital wallets, alternative payment methods, and emerging technologies like cryptocurrency payments.
By leveraging APIs (Application Programming Interfaces), businesses can seamlessly connect their systems with multiple payment providers, allowing customers to choose from a variety of payment options at checkout.
Payment gateways are dependable and scalable solutions that can manage peak loads and large transaction volumes, guaranteeing continuous payment processing even during spikes in demand.

Payment Gateway Market worth $48.4 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Wednesday, April 10, 2024

Based on payment gateway type, the API hosted and local bank integration gateway segment to hold second largest market size during the forecast period.

Key Points:

Based on payment gateway type, the API hosted and local bank integration gateway segment to hold second largest market size during the forecast period.
API-hosted payment solutions offer businesses unparalleled flexibility in integrating with a wide range of payment methods beyond traditional credit cards, including digital wallets, alternative payment methods, and emerging technologies like cryptocurrency payments.
By leveraging APIs (Application Programming Interfaces), businesses can seamlessly connect their systems with multiple payment providers, allowing customers to choose from a variety of payment options at checkout.
Payment gateways are dependable and scalable solutions that can manage peak loads and large transaction volumes, guaranteeing continuous payment processing even during spikes in demand.

Arixa Capital Surpasses $4 Billion in Originations, Welcomes Jonathan Fox as Chief Credit Officer

Retrieved on:

Wednesday, April 10, 2024

JPMorgan Chase, Citigroup, First Republic Bank, Acquisition, Real estate

In tandem with this milestone, Arixa Capital welcomes Jonathan Fox as its Chief Credit Officer.

Key Points:

In tandem with this milestone, Arixa Capital welcomes Jonathan Fox as its Chief Credit Officer.
"We are thrilled to introduce Jonathan Fox as Arixa's first Chief Credit Officer," said Managing Director Seth Davis.
As Arixa Capital celebrates this milestone and welcomes Jonathan Fox, the company remains committed to its core values: enabling clients with the reliable financing and exceptional customer service they need to prosper in dynamic market environments.
"I'm excited to join the Arixa Capital team and build on their legacy of strong credit quality combined with a robust service offering that sophisticated real estate investors expect from an institutional private lender," said Chief Credit Officer Jonathan Fox.

Decomposing systemic risk: the roles of contagion and common exposures

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Tuesday, April 23, 2024

Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points:

Abstract
We evaluate the effects of contagion and common exposure on banks? capital through
a regression design inspired by the structural VAR literature and derived from the balance
sheet identity.
Contagion can occur through direct exposures, fire sales, and market-based
sentiment, while common exposures result from portfolio overlaps.
First, we document that contagion varies in time, with the highest levels
around the Great Financial Crisis and lowest levels during the pandemic.
Our new framework complements
traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
While existing literature presents various contagion narratives, empirical findings on
distress propagation - a precursor to defaults - remain scarce.
We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
In conclusion, our model offers a comprehensive lens for policy intervention analysis and
scenario evaluations on contagion and systemic risk in banking.
This
notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
more widespread throughout the financial system) (see Caruana, 2010).
In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
First, we include contagion in three forms: sentiment-based contagion, contractual-based
contagion, and price-mediated contagion.
In this context,
portfolio overlaps create common exposures, implying that bigger overlaps make systematic
shocks more systemic.
With the COVID-19 pandemic starting
in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
supports.
That is, our
structural model provides a framework for analyzing the impact of policy interventions and
scenarios on different levels of contagion and systemic risk in the banking system.
This provides a complementary approach to
seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
More generally, the literature on networks and systemic risk started with Allen and Gale
(2001) and Eisenberg and Noe (2001).
The matrix is structured as follows:
1
In our model, we do not distinguish between interbank liabilities and other types of liabilities.
In other words, we can and aim to estimate different degrees
of contagion per asset class, i.e., potentially distinct parameters ?Ga .
For that, we build three major
metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
N i j
et ,
Further, we define the (N ?K) common exposure matrix as Commt = [A

(20)

et ]diag (?C
?L

such that average common exposure reads,
average common exposure =

1 XX
Commik,t .
N i j
(22)

20

? c ),

The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.
Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
(Equation (22)).
The market-based contagion is the contagion due to
investors? sentiment, and the network is an estimate FEVD on volatility data.
For most of
the sample, we find that contagion had a bigger impact on the variance than common exposures.

Cairn Homes Plc: Holding(s) in Company

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Wednesday, April 10, 2024

Vii, Letter, Central bank, Exercise, JPMorgan Chase, Acquisition, Person, Disclosure, Life, LEI, Ix, Security (finance)

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.

Key Points:

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.
As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g.
v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC).
xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

Cairn Homes Plc: Holding(s) in Company

Retrieved on:

Wednesday, April 10, 2024

Vii, Letter, Central bank, Exercise, JPMorgan Chase, Acquisition, Person, Disclosure, Life, LEI, Ix, Security (finance)

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.

Key Points:

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.
As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g.
v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC).
xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

EQS-News: Update to Supplements

Retrieved on:

Wednesday, April 10, 2024

JPMorgan Chase, URL

The issuer is solely responsible for the content of this announcement.

Key Points:

The issuer is solely responsible for the content of this announcement.
JPMorgan ETFs (Ireland) - Update to Supplements: Shareholder Notice - effective from 02 April 2024
This is to notify you that the Supplements for the following Sub-Funds will be updated on or about 02 April 2024:
To view the full document including the options available to Shareholders, please paste the following URL into the address bar of your browser.

Noah Holdings Becomes the First Non-Bank Chinese Institution to Join PWMA

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Wednesday, March 13, 2024

Learning, Acceleration, JPMorgan Chase, London Stock Exchange, Wealth, Research, Policy, Executive Committee, Credit Suisse, Family, AFF, Heart, Human, Tutoring

HONG KONG, Mar 13, 2024 - (ACN Newswire) - On March 11, Noah Holdings (Hong Kong) Limited was honored with full membership by the Private Wealth Management Association (PWMA), marking a significant milestone as the first non-bank institution of Chinese origin to join the prestigious group.

Key Points:

HONG KONG, Mar 13, 2024 - (ACN Newswire) - On March 11, Noah Holdings (Hong Kong) Limited was honored with full membership by the Private Wealth Management Association (PWMA), marking a significant milestone as the first non-bank institution of Chinese origin to join the prestigious group.
PWMA is an industry association comprised of numerous distinguished wealth management institutions within the Hong Kong region.
Over the past decade, PWMA has consistently organized the highly acclaimed PWMA Wealth Management Summit with famous associations, institutions and companies across the world.
Going forward, Noah Holdings will maintain a close relationship with the PWMA, actively seeking avenues for industry development.

Peapack Private Announces New York City Expansion

Retrieved on:

Monday, April 8, 2024

Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.

Key Points:

Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.
“We are continuing to move aggressively into New York City due to the market disruption that occurred last spring,” said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank.
“We were attracted to the single-point-of-contact model that Peapack Private offers, along with the added value of its wealth management solutions,” commented Corrado.
Peapack Private fully expects to continue offering its private banking service model to the Tri-State area and to grow in the coming years.

Chart Industries Announces Amended Revolving Credit Facility

Retrieved on:

Monday, April 8, 2024

Facility, JPMorgan Chase, Chase Bank

ATLANTA, April 08, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.

Key Points:

ATLANTA, April 08, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
The Facility, previously due to expire in October 2026, now has a maturity date of April 2029.
“The positive outcome of extended maturity and improved terms to our revolving credit facility, supported by a very strong lender group, is another step in our success to optimize our capital structure.
We remain focused on achieving our targeted leverage ratio of 2.0-2.5X net leverage,” stated Jill Evanko, Chart’s CEO and President.