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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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Embattled PacWest to sell to Banc of California for $1B

American Banker

Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said.

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Business T&E Management Firm TravelPerk Buys NexTravel

PYMNTS

International travel management company TravelPerk has unveiled its acquisition of California-based NexTravel to help with its continuing growth roadmap in the American market. market knowledge, according to a Wednesday (Jan. 13) announcement. TravelPerk also unveiled a collaboration with Southwest Airlines.

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California Truckers Continue Legal Fight Against Gig Worker Law

PYMNTS

Legislation in California that aims to expand worker protections for so-called gig economy workers has led to a debate in the state’s freight services market and a lawsuit hoping to block the law. New legislation in California, set to take effect in January, was met with resistance from the California Trucking Association (CTA), Yahoo!

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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. Earlier this year EY launched a corporate cryptocurrency accounting and tax management solution.

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Uber Readies Q3 Earnings As California Voters Give The Firm A Big Boost

PYMNTS

5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Shares of Uber and other gig economy companies were rallying a day after California voters backed Prop 22. London Reprieve.

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Jonathan Vaux Named General Manager Of i2c Europe

PYMNTS

the digital payment and open banking provider based in Redwood City, California, has hired Jonathan Vaux as general manager of its European operations, the company announced on Wednesday (Sept. i2c Inc. , Vaux has more than two decades of experience in payments and product and service development, i2c said.