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New U.S. Treasury final rule supports state and local spending for an equitable economic recovery

CFO News Room

Department of the Treasury last week released its final rule for the $350 billion in State and Local Fiscal Relief Funds (SLFRF) provided by the American Rescue Plan Act (ARPA). This final rule replaces the interim final rule that has been in place since May 2021, and in this final guidance from Treasury, three new elements stand out.

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Citi Taps Khaliq To Lead Treasury And Trade Solutions

PYMNTS

Citi has named Shahmir Khaliq as its new head of Treasury and Trade Solutions (TTS), according to an internal memo from Paco Ybarra , global head of Citi’s Institutional Clients Group (ICG), which noted that the appointment is effective immediately. He also has a master’s of business administration from the University of Karachi.

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Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money

CFO News Room

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. Deputy Treasury Secretary. authorities designated cryptocurrency exchange Bitzlato Ltd. Lisa Monaco.

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Treasury Tools, 20 Years On

PYMNTS

Between treasury management, accounting, invoicing, cash management and all the other money tools corporates have access to today, it’s a wonder CFOs can keep their heads on straight. It’s changed the game, not only for corporate clients but for the FinTech players developing and offering these treasury solutions.

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Kyriba Bought For $1.2B

PYMNTS

billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). At the time, reports said Kyriba would use the investment to focus on growth and product development.) Private equity firm Bridgepoint is reportedly readying a $1.2 ”

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10 Tuesday AM Reads

Barry Ritholtz

Financial Armageddon.’ The global financial system is like an upside-down pyramid, and the tip of that pyramid is the U.S. Treasury market. He is a member of the Management Committee and Co-Chair of the Asset Management Investment Committees, (private equity, infrastructure, growth equity, credit, and real estate).

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Kyriba Raises $160M As Bridgepoint Becomes Majority Owner

PYMNTS

Kyriba , the cloud treasury and finance services company, announced on Thursday (April 11) that it closed a $160 million growth round of funding led by Bridgepoint, the private equity firm. In a press release , Kyriba said the investment gives Bridgepoint a majority stake in the company and values Kyriba at $1.2