Tag : money market funds

Finance Investment Services News

Survey: Organizations’ Cash and Short-Term Allocation to Bank Deposits Drop to 47%, Lowest in Four Years

PR Newswire
Recent bank failures drove a shift away from bank deposits into Government/Treasury money market funds, Treasury bills and Agencies Forty-seven percent of organizations’ cash and short-term allocation are maintained in bank deposits, according to the 2023 Association for Financial Professionals (AFP) Liquidity Survey, underwritten by Invesco. This figure is down 8......
Axcelis Expects Immaterial Impact from Relationship with Silicon Valley Bank
Banking News

Axcelis Expects Immaterial Impact from Relationship with Silicon Valley Bank

PR Newswire
Company has Relationships with Multiple US and Foreign Banks Axcelis Technologies, Inc., a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced that it expects the collapse of Silicon Valley Bank (SVB) into receivership by the Federal Deposit Insurance Corp. to have an immaterial impact on the......
Business Fintech Investment Services News Trading

ICD Wins Best Portal Technology Solution 2020 For Treasury Investments

Fintech News Desk
ICD, an independent portal provider of money market funds and other short-term investments, won Best Portal Technology Solution 2020 in TMI magazine’s annual awards for innovation and excellence in treasury. Read More:  iProov Partners With TRUSTDOCK to Bring Genuine Presence Assurance to e-KYC Across Asia-Pacific “This award comes at a time when technology has really......