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WHAT IS THE SWIFT SYSTEM: WHAT BUSINESSES NEED TO KNOW ABOUT THIS MESSAGING SYSTEM


Small businesses depend on financial intermediaries like banks to manage their money and facilitate wire transfers to pay their workers, suppliers, and manufacturers overseas. In turn, banks use SWIFT to process most of these cross-border payments between firms banked in different countries. This article lists what you need to know about the SWIFT messaging system.

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OAKTREE AND 17CAPITAL ANNOUNCE STRATEGIC PARTNERSHIP


Oaktree and 17Capital are pleased to announce an agreement for Oaktree to acquire a majority stake in 17Capital. 17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds and institutional investors that are seeking to finance value creation and portfolio management initiatives. Oaktree is a leader among global investment managers specializing in

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DECHERT CONTINUES GLOBAL FINANCE EXPANSION WITH EDWARD “JAY” SOUTHGATE; BRINGS CONSIDERABLE EXPERIENCE IN CONSUMER LENDING AND FINTECH


Dechert LLP is pleased to announce that Edward “Jay” Southgate has joined the global finance practice as an asset finance and securitization partner based in New York. An experienced capital markets lawyer, Mr. Southgate represents financial institutions, issuers and underwriters in private placements of residential mortgage and asset-backed securities, with a particular focus on consumer lending

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SCHOLARSHIPS, STIPENDS, FELLOWSHIPS, HONORARIA: ESSENTIAL 1099 AND 1042-S REPORTING AND TAX WITHHOLDING COMPLIANCE


October 20, 2022 | 2.00PM EST

Does your institution make payments through Accounts Payable to students, instructors, researchers and academic visitors?  Internal procedures might identify a payment as a stipend or honorarium, fellowship, grant or scholarship – but what these have in common in tax compliance is a set of specific regulatory requirements which will determine whether payments are subject to

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HOW TO MAKE SENSE OF YOUR PAY STUB


Every so often, Jenny Redes gets a call from an employee who has recently discovered their pay stub. They typically have questions about what all the various numbers mean, and the human resources professional says that’s understandable. “It’s a lot of information,” says Redes, a Society for Human Resource Management certified professional and human resources

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SIMPLICITY ACQUIRES OPTIMA FINANCIAL & INSURANCE SERVICES


The Simplicity Group, one of the nation’s leading financial products distribution businesses, today announced the acquisition of San Rafael, CA-based Optima Financial & Insurance Services. The financial services firm, with a focus on Life and Annuity products, is the 33rd company to join Simplicity. Read more

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IN AN OWNERSHIP CULTURE, PEOPLE SPEND MONEY LIKE IT’S THEIR OWN


When we talk about changing culture in an organization, it rarely starts with finance, but maybe it should. Why? Because finance has a significant impact — good or bad — on the culture of any organization. In an Executive Session at AFP 2021, Gary Bischoping, partner at Hellman & Friedman, and Greg Milano, founder and