CROs urged to use ‘creative’ stress tests for interconnected risks

Faster settlement is forcing banks and treasurers to rethink liquidity, payments, and custody. This article appears in the October issue of Global Finance Magazine. The transition to compressed settlement cycles was initially framed as an operational hurdle. In reality, it exposed a fundamental flaw: markets trade 24/7, while legacy custody and payment rails remain shackled…

Key Points Johnson & Johnson has raised its dividend for 64 straight years, but faces billions in talc-related litigation liabilities. Kenvue offers a higher yield of 4.71%, but its pending acquisition by Kimberly-Clark creates uncertainty about its dividend outlook. Analysts rate J&J a “Moderate Buy,” while Kenvue has a “Hold” rating amid its unresolved merger….

Costi Hinn describes his upbringing as “Beamers, Benz’s, and Bentley’s.” His family’s nearly 10,000-square-foot home had an indoor hot tub, a pool, a steam room, and a sport court, he says. They traveled to Hawaii and Europe for vacation and stayed at high-end resorts, he added. By high school, Hinn says, he drove a Mercedes….

President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November. The dubious promise would most likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion…

Key insight: Ethics concerns from Senate Democrats remain the biggest obstacle for the upper chamber to pass a crypto market structure bill.  What’s at stake: No further negotiations on yield-related restrictions on stablecoins are currently planned among lawmakers, despite bank lobbying efforts to make headway on the issue. Forward look: Lawmakers face a narrow window…

Holiday spending may look different this year. Consumers are still buying gifts, but rising costs for everyday essentials are forcing them to make harder choices about where their money goes. For the prepaid industry, that shift creates an opportunity: focus on the customers who already understand the value of gift cards and are most likely…