NewzIntel.com

Category: Business

  • MIL-OSI Security: Fort Wayne Woman Ordered to Repay Funds From PPP Loan Fraud

    Source: Office of United States Attorneys

    FORT WAYNE – Dashanae Hamlet-Davis, 26 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady after pleading guilty to a federal felony for wire fraud, announced Acting United States Attorney Tina L. Nommay.

    Hamlet-Davis was sentenced to 18 months of probation and ordered to pay $23,431.53 in restitution to the Small Business Administration.

    According to documents in the case, Hamlet-Davis falsely claimed gross income for a business that did not exist when she applied for a Paycheck Protection Program (PPP) loan. The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and for emergency financial assistance to Americans suffering from the economic impact of the COVID-19 pandemic.  Hamlet-Davis falsely claimed that she was the sole proprietor of a retail business when in reality, no such business existed. As a result of her fraudulent representations, Hamlet-Davis received PPP funds which she used for her own benefit on personal items such as clothing, jewelry, electronics, and a vacation.

    “This sentencing demonstrates the commitment of the Treasury Inspector General for Tax Administration (TIGTA) to investigate and bring to justice those who victimize the American taxpayer,” said Kelly Moening, TIGTA Special Agent-in-Charge. “Fraudulently applying for loans through a federal program meant to assist Americans in need will be met with aggressive investigation and prosecution. I want to thank our law enforcement partners and the U.S. Attorney’s Office for their commitment to this goal.”  

    This case was investigated by the United States Treasury Inspector General for Tax Administration with assistance from IRS Criminal Investigation.  The case was prosecuted by Assistant United States Attorney Justin C. Sheridan.

    MIL Security OSI –

  • MIL-OSI Security: Three Individuals Sentenced in Conspiracy Involving Bribery of Government Contracting Officer

    Source: Office of United States Attorneys

    HUNTSVILLE, Ala. – Three men have been sentenced for their respective roles in a conspiracy to bribe a public official, announced United States Attorney Prim F. Escalona.

    U.S. District Court Judge Liles C. Burke sentenced Coogan Preston, 56, of Columbia, South Carolina, to 64 months in prison, Francisco Guerra, 56, of Lexington, Alabama, to 60 months in prison, and Jason Ingram, 48, of Rogersville, Alabama, to 24 months in prison. In December 2024, Guerra, Preston, and Ingram pleaded guilty to conspiracy to bribe a public official. 

    According to the plea agreements, the scheme began in 2016 and continued until 2021. As part of the scheme, Guerra agreed to provide money and other items of value to Preston, a government contracting official working at Redstone Arsenal in Huntsville, Alabama. In exchange for these bribes, Preston identified subcontracting opportunities for companies owned and operated by Guerra and convinced the prime contractor to use one of Guerra’s companies as a subcontractor.

    “The government officials and contractors working on Redstone Arsenal play a critical role in supporting the United States military,” U.S. Attorney Escalona said. “The individuals sentenced today chose personal gain over their professional duty. These sentences were the result of that choice and should serve as a warning to others.”

    “As a government contracting official, Preston traded the public’s trust given to him for greed,” said Demetrius Hardeman, Special Agent in Charge, IRS Criminal Investigation, Atlanta Field Office. “Using their investigative and forensic accounting skills, IRS Criminal Investigation special agents were able to follow the money—bringing Preston and his conspirators to justice.”

    “In collaboration with its investigative partners, the Department of Defense (DoD) Office of Inspector General’s Defense Criminal Investigative Service (DCIS) vigorously pursues fraud and corruption that threaten the integrity of the DoD, particularly when such crimes impact the well-being of our Nation’s Warfighters,” said Jason Sargenski, Special Agent-in-Charge of DCIS’s Southeast Field Office. “DCIS remains steadfast in working with our law enforcement partners to ensure those who commit fraud against the U.S. Government are held accountable.”

    The Department of the Army’s Criminal Investigation Division investigated the case with assistance from U.S. Immigration and Customs Enforcement, Homeland Security Investigations, Internal Revenue Service – Criminal Investigation, and the United States Department of Defense Office of Inspector General – Defense Criminal Investigative Service. Assistant U.S. Attorney Lloyd Peeples prosecuted the cases.

    MIL Security OSI –

  • MIL-OSI: ECN Capital Announces Annual Meeting Voting Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Corporation”) confirmed today that the eight nominees listed in its management information circular (the “Circular”) dated April 22, 2025 were elected as directors at today’s annual meeting of the holders of common shares (“Common Shares”) and mandatory convertible preferred shares, Series E (“Series E Shares”) of ECN Capital (the “Meeting”). There were 210,980,127 Common Shares and 27,450,000 Series E Shares represented in person or by proxy at the Meeting (representing approximately 77.19% of the votes attached to the outstanding shares of ECN Capital). The holders of Common Shares and Series E Shares voted together as a single class on all matters submitted to a vote at the Meeting. The voting results for the Meeting held earlier today by virtual meeting are set out below.

    At the Meeting, the following eight individuals nominated to serve as directors of ECN Capital’s board of directors (the “Board”) were elected by ballot. Proxies and votes received at the Meeting were as follows:

        For Withheld  
      William Lovatt 99.97% 0.03%  
      Steven Hudson 99.97% 0.03%  
      Paul Stoyan 99.97% 0.03%  
      David Morris 99.97% 0.03%  
      Carol E. Goldman 99.98% 0.02%  
      Karen Martin 99.94% 0.06%  
      Tawn Kelley 98.02% 1.98%  
      Tarun Mehta 99.97% 0.03%  

    At the Meeting, the following resolutions as set out in the Circular were passed as ordinary resolutions of ECN Capital’s shareholders by ballot. Proxies and votes received at the Meeting were as follows:

      Resolutions For Withheld  
      Re-appointment of Auditors 99.87% 0.13%  
        For Against  
      Say-on-Pay Advisory Vote 99.31% 0.69%  
      Option Plan Resolution (as defined in the Circular) 86.58% 13.42%  
      DSU Plan Resolution (as defined in the Circular) 86.82% 13.18%  
      Unit Plan Resolution (as defined in the Circular) 86.82% 13.18%  

    The results of these matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR+ (www.sedarplus.com) on May 22, 2025.

    Tarun Mehta Elected to ECN Capital’s Board

    ECN Capital is pleased to welcome Tarun Mehta to the Board following his election at the Meeting. Mr. Mehta is a former senior executive officer of Truist Financial Corporation (“Truist”) and worked closely with ECN Capital in connection with our ownership in and subsequent sale of Service Finance Company (“Service Finance”). ECN Capital sold Service Finance to Truist in December 2021 for approximately US$2 billion and distributed substantially all of the after-tax proceeds to shareholders of the Corporation in the form of a special distribution of C$7.50 per share.

    Mr. Mehta was most recently the Head of Strategy, Transformation & Corporate Development of Truist, one of the top 10 largest banks in the United States, with businesses in retail banking, corporate and investment banking, commercial banking and wealth management. Mr. Mehta has extensive experience in investment banking, assisting financial institutions with debt and equity capital raises, asset-backed security transactions and mergers & acquisitions. Mr. Mehta also has a strong background in corporate strategy and enterprise transformation, with experience developing and implementing the long-term enterprise strategic plan for Truist. He was a member of the Operating Council of Truist. Mr. Mehta will be appointed Chair of the Credit & Risk Committee, replacing David Morris.

    About ECN Capital Corp.

    With managed assets of US$6.9 billion, ECN Capital is a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, our “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance and rental) loans. Our Partners are seeking high quality assets to match with their deposits, term insurance or other liabilities. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicles and Marine Finance.

    Contact

    Katherine Moradiellos
    561-631-8739
    kmoradiellos@ecncapitalcorp.com

    The MIL Network –

  • MIL-OSI United Kingdom: ‘A speedy and satisfactory resolution must be found to ensure the stability of our GP services’ – McGuigan

    Source: Sinn Féin

    Sinn Féin MLA Philip McGuigan has expressed disappointment that an agreement on GP contracts has not been reached between the Minister for Health and GP representative bodies.
    The party’s spokesperson for Health and Chair of the Assembly Health Committee said:
    “It is crucial that a speedy and satisfactory resolution is found to ensure the stability of our GP services. 
    “GPs practices are facing significant pressure which is impacting people’s ability to access GP appointments when they need them.
    “The delivery of GP services in communities often prevent people’s health deteriorating and avoid additional pressure on hospital settings.
    “They also play a key part of the transformation of health services and the roll out of multidisciplinary teams is something which the Sinn Féin Finance Minister has allocated £61 million towards.
    “Sinn Féin will urge the Health Minister to re engage with GPs to find a resolution and to ensure people across the north continue to have access to good quality GP services in their communities now and into the future.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: The real living wage must be the bare minimum for all workers – McGuigan

    Source: Sinn Féin

    Sinn Féin MLA, Philip McGuigan has said Health and Social Care workers’ ‘value and appreciation’ must be matched by pay and work conditions.
    The Health Committee Chair was speaking after attending a Living Wage NI event today which discussed how a living wage could be introduced in the north’s social care sector.
    “The real living wage must be the bare minimum for all workers and Sinn Féin is committed to seeing this delivered across the island,” the North Antrim MLA said.
    “This can be seen in Finance Minister John O’Dowd making the Civil Service a Living Wage employer as part of the latest pay deal, while former Finance Minister, Conor Murphy, ensured that the living wage was a requirement for firms attaining government contracts.
    “It was enlightening to attend the Living Wage NI event and discuss how a fair wage is not only crucial in recognizing the value of health and care workers but also to attracting more people to the sector.”
    Mr. McGuigan said he wanted to see the Health Minister’s commitment to end minimum wages for care workers and make the care sector a Living Wage Sector be progressed urgently.
    “A real living wage, and career progression opportunities can only help bring more people into the care profession and encourage those currently employed to stay – benefiting our care workers and improving our health service and importantly patient outcomes.
    “Paying the real Living Wage to our care workers is not just good for those workers, but for our economy, our health service and for society as a whole.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Funding for redevelopment of Borrodale School on Isle of Skye.

    Source: Scotland – Highland Council

    The Scottish Government have awarded The Highland Council £450k from the Vacant & Derelict Land Investment Programme for a project to renovate Borrodale School and School House.

    The project aims to develop an innovative solution to the renovation which will provide much needed affordable housing, but which also supports the local community, businesses and minimises the carbon footprint both during construction and in use.

    Chair of the Council’s Economy and Infrastructure Committee, Councillor Ken Gowans said: “This is exactly the type of project the Vacant & Derelict Land Investment Programme should be supporting. The renovation of this derelict school and school house will create 5 or 6 fuel efficient user-friendly housing unit, in an area where affordable housing is very limited.”

    The Council will the administer the funding and the project will be delivered by the Communities Housing Trust Communities Housing Scotland (CHT) working with The Glendale Trust.

    The project will be a case study to demonstrate how derelict buildings can be refurbished cost effectively, provide significant benefits to the community and much needed housing.

    While undertaking the renovation, under existing building regulations, each stage will be analysed to determine improvements that could make renovations a more attractive and cost-effective option.

    Councillor Gowans added: “Improvements identified could include changes to regulations and planning status, project efficiencies, energy management, waste management and reduction in environmental impact.

    “I wish everyone involved all the very best as they move forward with this exciting transformation project.”

    22 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: G7 Finance Ministers and Central Bank Governors conclude productive meeting in Banff

    Source: Government of Canada News (2)

    May 22, 2025 – Banff, Alberta – Department of Finance Canada

    Today, G7 Finance Ministers and Central Bank Governors concluded their meeting in Banff, Alberta, which is part of Canada’s 2025 G7 Presidency. The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, and Tiff Macklem, Governor of the Bank of Canada, co-chaired the meeting.

    Ministers and Governors reached agreement on a communiqué which emphasized, above all, the the importance of G7 unity in the face of complex global challenges. In advance of the Leaders’ Summit next month in Kananaskis, Alberta, the meeting included a productive and frank exchange on the global economy, unsustainable global imbalances, and ways to promote growth and productivity.

    Ministers and Governors agreed to:

    • a G7 Financial Crime Call to Action to spur further concrete progress in tackling financial crime, including money laundering and terrorist financing. Canada will contribute $4.8 million in new technical assistance to developing economies so they can contribute to this effort;
    • support the expansion of the World Bank-led Resilient and Inclusive Supply-Chain Enhancement (RISE) Partnership to strengthen the integration of developing countries into critical minerals supply chains. Canada will contribute $20 million to support the expansion of the RISE Partnership, including in Latin America and the Caribbean;
    • address risks stemming from the large increase in low-value shipments imported into G7 markets; and
    • continued unwavering support to Ukraine, an agreement to continue to explore all possible options to hold Russia to account, including further ramping up sanctions, as well as efforts to foster private sector participation in the recovery and reconstruction of Ukraine.

    Canada is a stable, reliable, and innovative partner with a wealth of natural resources and expertise. Through our G7 Presidency, we will shape the global agenda – working with allies and partners to grow our economies, defend Canadians’ interests, and address the most pressing global challenges.

    MIL OSI Canada News –

  • MIL-OSI USA: Hawley, Missouri Delegation Urge White House to Issue Federal Disaster Declaration For Late April Storms

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Today, U.S. Senator Josh Hawley (R-Mo.) led members of the Missouri Delegation—including Senator Eric Schmitt (R-Mo.) and U.S. House Members Ann Wagner, Robert Onder, Mark Alford, Jason Smith, Sam Graves, and Eric Burlison—in sending a letter to President Trump in support of Governor Kehoe’s request for a federal disaster declaration following the severe storms and tornadoes in Missouri on April 29, 2025.

    The Governor made this request on May 19, which, if approved, would unlock federal funds and assistance to restore public infrastructure. 

    “This declaration is vital to providing the resources, technical support, and federal assistance necessary for these communities to repair public infrastructure, address recovery needs, and begin rebuilding after this devastating weather event,” the lawmakers wrote.

    We respectfully urge your immediate consideration and approval of this request. Missourians are resilient and committed to rebuilding, and federal assistance will be a crucial part of helping them move forward,” the delegation concluded.

    Separately, Senator Hawley has been working to unlock federal aid for the more recent tornados in Eastern Missouri and sent a letter today urging approval of a special emergency designation to provide federal reimbursement for first responder activities.

    Read the full letter here or below.

    May 21, 2025

    The Honorable Donald J. Trump
    President of the United States
    The White House
    1600 Pennsylvania Avenue
    Washington, DC 20500

    Dear President Trump, 

    We write in strong support of Missouri Governor Mike Kehoe’s request for a major presidential disaster declaration, pursuant to the Stafford Act, for public assistance in six Missouri counties affected by severe storms and tornadoes on April 29, 2025. This declaration is vital to providing the resources, technical support, and federal assistance necessary for these communities to repair public infrastructure, address recovery needs, and begin rebuilding after this devastating weather event.

    On May 19, 2025, Governor Kehoe formally requested a major disaster declaration following widespread damage caused by a cluster of severe storms and eight confirmed tornadoes that hit Barry, Greene, Lawrence, McDonald, Newton, and Washington counties. Joint assessments conducted by FEMA, the State Emergency Management Agency, the U.S. Small Business Administration, and local officials estimate more than $16.5 million in emergency response costs and damage to public infrastructure, including damage to a public elementary school, transportation facilities, utility distribution lines, and roads.

    A major presidential disaster declaration would allow local governments and qualifying nonprofit agencies to seek federal assistance for reimbursement of emergency response and recovery costs, including the repair and replacement of roads, bridges, schools, and other public infrastructure. Prompt federal support is essential to help these communities recover from the storms’ aftermath and resume essential services for their residents.

    We respectfully urge your immediate consideration and approval of this request. Missourians are resilient and committed to rebuilding, and federal assistance will be a crucial part of helping them move forward. Along with our fellow Missourians, we appreciate your immediate attention to this request and stand ready to assist.
                                        
    Sincerely,

    Josh Hawley
    United States Senator

    Eric S. Schmitt                          
    United States Senator              

    Eric Burlison                                                                           
    United States Representative                    

    Sam Graves                             
    United States Representative  

    Jason Smith                                                                            
    United States Representative                  

    Ann Wagner                               
    United States Representative    

    Robert Onder                                                                          
    United States Representative              

    Mark Alford                                   
    United States Representative

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Dangerous and underfunded school buildings – E-001960/2025

    Source: European Parliament

    Question for written answer  E-001960/2025
    to the Commission
    Rule 144
    Kostas Papadakis (NI)

    The vast majority of school buildings in Greece are in a deplorable condition. 30 % of schools do not comply with any earthquake code at all, and 30 % were built in line with the 1959 code, which is outdated and obsolete. The vast majority of schools are not in line with modern scientific knowledge on earthquake-proofing and protection, leaving pupils and teachers at risk.

    Can the Commission therefore answer the following:

    • 1.What view does it take of the fact that a large number of school buildings – attended by millions of children in Greece and across the EU – remain outdated and unsuitable, that they are not earthquake-resistant and are therefore dangerous, that they lack modern equipment and infrastructure, sports and leisure areas, that new buildings are needed, and that their maintenance and renovation is a matter of life and death?
    • 2.What view does it take of the fact that, although a billion euro treasure trove is being made available for the war economy through ReArm Europe, and while business groups are being supported through the Recovery Fund, the fact remains that, in order to build and renovate schools and to carry out the necessary structural, electrical and fire safety checks, they have to rely on PPPs, sponsorship by large companies and the pittances raised from appeals to private individuals with the aim of passing on costs to the parents themselves?
    • 3.What is its view on immediately meeting the demands of pupils, parents and teachers to carry out the structural, electrical and fire safety checks – necessary for everybody’s safety – and to proceed with all the necessary construction of new school buildings, the maintenance and renovation of older ones, without PPPs or concessions to private parties?

    Submitted: 15.5.2025

    Last updated: 22 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – RRF implementation underway: Cybersecurity measures – 22-05-2025

    Source: European Parliament

    The Recovery and Resilience Facility (RRF) is at the core of Next Generation EU (NGEU), the EU’s recovery instrument. NGEU was created to help its Member States address the socioeconomic consequences of the coronavirus pandemic and tackle key EU challenges, including the green and digital transitions. RRF implementation has been ongoing since 2021, and just over a year is left until the deadline to meet its objectives in August 2026. EU Member States have so far received, on average, 47.8 % of the total grants and loans in their national allocation. The milestones and targets associated with the payments made so far stand at 30 % of the total. Digital transformation is among the RRF’s core priorities, and one that is shared across EU Member States. An average of 26 % of RRF funding is dedicated to digital objectives in several policy areas, of which digital public services is the largest. In its guidance at the launch of the RRF, the European Commission encouraged Member States to include investment in several digital categories. The priority of enhancing cybersecurity and cyber resilience can be found across several national recovery and resilience plans as a separate reform or investment measure. However, in many of them, it is part of a broader measure addressing, for instance, the digitalisation of public administration, digital-related investment in research and development, investment in digital capacities and deployment of advanced technologies, or supporting small companies to reposition themselves with digital tools that take into account cybersecurity needs. Thus, while not always a manifest objective, cybersecurity considerations are an integral feature of many of the RRF digital measures found across the individual national plans. Implementation of these measures, as of the RRF more generally, is underway and gaining speed. The Commission’s preliminary positive assessments of payments disbursed allow for an examination of the fulfilled implementation steps. Without being exhaustive, they offer an indication of cybersecurity developments in Member States that have been made possible with RRF funding and carried out in the first half of the RRF’s lifetime.

    MIL OSI Europe News –

  • MIL-OSI Europe: EU Fact Sheets – Small and medium-sized enterprises – 22-05-2025

    Source: European Parliament

    Small and medium-sized enterprises (SMEs) constitute 99% of companies in the EU. Various action programmes have been adopted in order to increase the competitiveness of SMEs through research and innovation, and to provide better access to finance. Strategies to ensure better conditions for SMEs have also taken into account carbon neutrality and the digital transition. Also, recent geopolitical developments have stimulated new thinking about economic recovery, reconstruction and building SME resilience.

    MIL OSI Europe News –

  • MIL-OSI Europe: Text adopted – Amendments to the Capital Requirements Regulation as regards securities financing transactions under the net stable funding ratio – P10_TA(2025)0111 – Thursday, 22 May 2025 – Brussels

    Source: European Parliament

    (Text with EEA relevance)

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Having regard to the opinion of the European Central Bank(1),

    Having regard to the opinion of the European Economic and Social Committee(2),

    Acting in accordance with the ordinary legislative procedure(3),

    Whereas:

    (1)  Regulation (EU) 2019/876 of the European Parliament and of the Council(4) introduced into Regulation (EU) No 575/2013 of the European Parliament and of the Council(5) the net stable funding ratio (NSFR) requirement for credit institutions. That requirement reflected part of the Basel III standards agreed by the Basel Committee on Banking Supervision (BCBS), which were developed to ensure that credit institutions have sufficient stable funding on a one-year horizon, and thus to prevent an excessive maturity mismatch between assets and liabilities and an overreliance on short-term wholesale funding. The NSFR requirement has been applicable since 28 June 2021.

    (2)  Article 428r(1), point (g), Article 428s(1), point (b), and Article 428v, point (a), of Regulation (EU) No 575/2013 currently provide for the stable funding factors for monies due from financing transactions with financial customers, where those transactions have a residual maturity of less than six months. Those funding factors are, depending on the financing transaction concerned, 0 %, 5 % or 10 %. However, Article 510(8) of Regulation (EU) No 575/2013 provides that, by 28 June 2025, those funding factors are to be raised to 10 %, 15 % and 15 %, respectively. That deferred raise aimed to give credit institutions sufficient time to gradually adapt to a more conservative calibration and to assess whether that calibration was appropriate. In addition to that deferred raise, other adjustments were adopted to ensure that the introduction of the NSFR requirement did not disrupt the liquidity of the related collateral markets, including sovereign bond markets.

    (3)  Under Article 510(6) of Regulation (EU) No 575/2013, the European Supervisory Authority (European Banking Authority) (EBA) established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council(6), was mandated to assess the appropriateness of the treatment of the stable funding required to cover the funding risk linked to securities financing transactions (SFTs) and to unsecured transactions with financial customers where those SFTs or unsecured transactions have a residual maturity of less than six months. In line with that mandate, EBA delivered a report on specific aspects of the NSFR framework on 16 January 2024. That report concluded that raising the required stable funding factors applying to the transactions referred to in Article 428r(1), point (g), Article 428s(1), point (b), and Article 428v, point (a), of Regulation (EU) No 575/2013 would have a negligible impact on the NSFR levels of credit institutions. However, that report did not assess the broader dimension or spillover effects regarding the liquidity of the sovereign debt markets and the effects on sovereign bond markets. Therefore, the considerations justifying the deferral of the raising of required stable funding factors, as provided for in Article 510(8) of Regulation (EU) No 575/2013, continue to prevail. In particular, as the bulk of SFTs are collateralised by sovereign debt instruments, a raise in the related required stable funding could reduce the liquidity in the markets concerned. That could, in turn, risk creating additional funding costs for Member States and altering monetary policy transmission mechanisms.

    (4)  In addition, other BCBS member jurisdictions have set required stable funding factor levels for SFTs that are identical to those that are currently applicable under Regulation (EU) No 575/2013. In that context, given the intense international competition in the SFT market, raising the required stable funding factors by 28 June 2025 would create an uneven international playing field that would be detrimental to Union financial markets.

    (5)  To avoid those unintended consequences, the current stable funding factors for SFTs and for unsecured transactions with financial customers, where such transactions have a residual maturity of less than six months, should be made permanent.

    (6)  To ensure sufficient monitoring of interactions between the stable funding requirements and the market liquidity of assets received as collateral in SFTs and of unsecured transactions with financial customers, where such transactions have a residual maturity of less than six months, including when collateralised by sovereign debt, the funding risk for credit institutions, and possible international developments in that area, EBA should report to the Commission every five years on the appropriateness of those stable funding requirements.

    (7)  Temporarily discontinuing the prudential treatment for monies due from SFTs and for unsecured transactions with financial customers, with a residual maturity of less than six months, would create legal uncertainty for market participants and undue administrative and financial burden for the Union banking sector in general that could be mitigated by clearly setting the expected date of application of the provisions concerned. Therefore, to ensure the continuity of that prudential treatment, this amending Regulation should apply from 29 June 2025.

    (8)  Regulation (EU) No 575/2013 should therefore be amended accordingly,

    HAVE ADOPTED THIS REGULATION:

    Article 1

    Amendments to Regulation (EU) No 575/2013

    Article 510 of Regulation (EU) No 575/2013 is amended as follows:

    (1)  paragraph 6 is amended as follows:

    (a)  the introductory wording is replaced by the following:”

    ‘EBA shall monitor the amount of stable funding required to cover the funding risk linked to securities financing transactions, including to the assets received or given in those transactions, and to unsecured transactions with financial customers, where such transactions have a residual maturity of less than six months. EBA shall report to the Commission by 31 January 2029, and every five years thereafter, on the appropriateness of that stable funding requirement. Taking into account international developments and the regulatory treatment of similar transactions in other jurisdictions, those reports shall assess at a minimum:’;

    ”

    (b)  points (d) and (e) are replaced by the following:”

    ‘(d) the adequacy of the asymmetric treatment between liabilities with a residual maturity of less than six months provided by financial customers that are subject to a 0 % available stable funding factor in accordance with Article 428k(3), point (c), and assets resulting from transactions with a residual maturity of less than six months with financial customers that are subject to a 0 %, 5 % or 10 % required stable funding factor in accordance with Article 428r(1), point (g), Article 428s(1), point (b), and Article 428v, point (a);
       (e) the impact of the introduction of higher or lower required stable funding factors for securities financing transactions, in particular with a residual maturity of less than six months, with financial customers, on:
       (i) the price structure of those transactions; and
       (ii) the market liquidity of assets received as collateral in those transactions, in particular of sovereign and corporate bonds;’;

    ”

    (2)  paragraphs 7 and 8 are deleted.

    Article 2

    Entry into force and application

    This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

    It shall apply from 29 June 2025.

    This Regulation shall be binding in its entirety and directly applicable in all Member States.

    Done at …, …

    For the European Parliament For the Council

    The President The President

    (1) Opinion of 2 May 2025 (not yet published in the Official Journal).
    (2) Opinion of 29 April 2025 (not yet published in the Official Journal).
    (3) Position of the European Parliament of 22 May 2025.
    (4) Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (OJ L 150, 7.6.2019, p. 1, ELI: http://data.europa.eu/eli/reg/2019/876/oj).
    (5) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/575/oj).
    (6) Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12, ELI: http://data.europa.eu/eli/reg/2010/1093/oj).

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – PEF and natural fibres – E-001299/2025(ASW)

    Source: European Parliament

    The Product Environmental Footprint Category Rules for Apparel and Footwear (PEFCR A&F)[1] were developed by the textile industry based on Recommendation 2021/2279[2].

    The aim is to facilitate reliable measurement of environmental impacts across a product’s life cycle, from raw material extraction to its end-of-life.

    The PEFCR identifies environmental hotspots to support companies in improving their products but does not allow the communication of an overall single score and therefore cannot underpin the comparison among products made of different fibres in business-to-consumer communication.

    Circularity aspects, such as renewability and biodegradability, are integrated into the Environmental Footprint (EF) method’s 16 impact categories. Separated indicators could lead to double-counting and therefore they are deemed as not needed.

    Regarding microplastics, while their release is not yet a specific impact category due to the lack of a robust scientific model, the PEFCR A&F already requires an assessment of fibre fragmentation during laundry.

    The Commission will make an effort to include the latest scientific evidence related to microplastic release in the upcoming revision of the EF methods.

    The use of natural fibres as a biodegradable and microplastic free alternative to fossil-based synthetic fibres will also be looked at in the context of the review of the EU Bioeconomy Strategy[3].

    • [1] https://pefapparelandfootwear.eu/.
    • [2] Commission Recommendation (EU) 2021/2279 of 15 December 2021 on the use of the Environmental Footprint methods to measure and communicate the life cycle environmental performance of products and organisations, C/2021/9332, OJ L 471, 30.12.2021, p. 1-396.
    • [3] expected by the end of 2025: https://environment.ec.europa.eu/news/commission-launches-consultation-eu-bioeconomy-strategy-2025-03-31_en.
    Last updated: 22 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – Employment and Social Affairs Committee to discuss just transition in Ruhr area

    Source: European Parliament

    An Employment and Social Affairs Committee delegation is travelling to Germany’s Ruhr area to visit chemical and steel plants and educational facilities.

    Five MEPs from Parliament’s Employment and Social Affairs Committee will be in the Ruhr area from 26 to 28 May 2025 to meet with business leaders, trade union representatives and the state government. The delegation will be led by Dennis Radtke (EPP, DE). The other four members of the delegation are:

    Interested journalists can accompany the delegation or join the concluding press briefing on 27 May.

    On Monday 26 May, MEPs will visit the Chemical Park Marl, one of the largest chemical industry centres in Europe. They will also visit thyssenkrupp Duisburg, an international industrial and technology group.

    On Tuesday 27 May, the parliamentarians will meet workers and trade union representatives for a discussion at the Quaz-Ruhr Qualification Centre in Bochum. The delegation will also stop at Ruhr University Bochum (RUB), where they will visit the Worldfactory Start-up-Center and Makerspace, both central RUB hubs for start-ups and technology transfer.

    In the afternoon, the MEPs will visit DASA − Germany’s largest exhibition on the world of work, where they will have a debate with the North Rhine-Westphalia State Minister for Labour, Health, and Social Affairs, Karl-Josef Laumann.

    Press briefing

    On Tuesday 27 May, at around 17:30, there will be a press briefing with Dennis Radtke (EPP, DE), the head of the delegation, and State Minister Karl-Josef Laumann at DASA, Working World Exhibit.

    For any media questions, or to register for the press briefing, you are kindly advised to get in touch with Parliament’s press officer in Germany, Thilo Kunzemann (email: thilo.kunzemann@europarl.europa.eu; phone: +49 171 388 4775).

    Background

    Historically, the Ruhr area is well-known across Europe for its production of coal, iron, and steel. Production reached peak levels in the 1950s, when the sector accounted for about 70% of the Ruhr’s total workforce. With decarbonisation, jobs in the sector have since decreased drastically, and the region has shifted from an industry-based economy to one based on services and knowledge. The region is often seen as a successful example of the just transition, having transformed into a major “green hub”.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Monitoring of EPOCH platform activities – E-001470/2025(ASW)

    Source: European Parliament

    Since its launch, the European Platform on Combatting Homelessness has evolved into an impactful initiative. It supports, among other things, Member States in designing or reviewing national homelessness strategies based on a person-centred, housing-led and integrated approach.

    The first work programme of the Platform for the period 2022-2024[1] had three work strands: data and analysis, mutual learning and access to finance.

    The activities supported by the Commission include[2]: a pilot project on a European Homelessness Count; two projects with the Organisation for Economic Cooperation and Development on a policy toolkit and on monitoring and evaluation; a number of mutual learning events; the European Platform on Combatting Homelessness Practice project to promote knowledge and capacity building; and four social innovation projects on different aspects of homelessness.

    Finally, a working group co-chaired with the Council of Europe Development Bank aims at mapping funding options and at developing projects to combat homelessness.

    A new work programme, building on the ongoing activities, is currently being drafted with the input of Platform members. The Platform’s work is also expected to feed into the preparation of the forthcoming EU flagship social initiatives, namely the new Action Plan of the European Pillar of Social Rights, the EU Anti-Poverty Strategy and the European Affordable Housing Plan.

    • [1] https://employment-social-affairs.ec.europa.eu/document/download/4c863f95-cf93-4581-8b36-33259f9e8663_en?filename=UDW%20TRW1_ex_summary.pdf.
    • [2] For a full overview of the activities and of the national strategies, see the website of the Platform: https://employment-social-affairs.ec.europa.eu/policies-and-activities/social-protection-social-inclusion/addressing-poverty-and-supporting-social-inclusion/homelessness_en.
    Last updated: 22 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – The detrimental impact of housing market regulation on supply and prices – E-001072/2025(ASW)

    Source: European Parliament

    The Commission is carrying out a consultation during 2025 on the issues related to affordable housing raised by the Honourable Member, and following that, will put forward a European Affordable Housing Plan (EAHP). This Plan will assess the specificities of the rental market, too.

    The Commission will also analyse and — if necessary — make further proposals related to short-term accommodation rentals and/or make proposals to address the use of the current housing stock.

    In addition, the Commission will conduct an analysis of the impact of housing speculation and its economic consequences, as well as propose follow-up actions where needed.

    At the same time, the Commission notes that housing — in line with the principles of subsidiarity and proportionality — is mainly a responsibility of Member States, regions and local authorities and in developing the EAHP, the Commission will respect these principles.

    While the Commission does not at this stage plan to produce a report on the impact of national regulations on housing availability in the Member States, the Commission seeks solutions where value can be added at EU level and aims at facilitating the sharing of best practices among stakeholders.

    The Commission notes that it is important to attract private investments to housing. The Commission and the European Investment Bank (EIB) group have recently laid the foundations for a new pan-European investment platform for affordable and sustainable housing[1].

    The Commission will continue to work with EIB, national promotional banks, international financial institutions and other stakeholders to support local and national efforts.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_25_671.
    Last updated: 22 May 2025

    MIL OSI Europe News –

  • MIL-OSI: Calvetti Ferguson Expands Dallas Team with Business Development Officer

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Calvetti Ferguson continues to grow its North Texas presence with the addition of Steve Valenta as a business development officer in its Dallas office. With a career rooted in strategic relationship-building and business growth, Steve will focus on connecting companies to the firm’s advisory and accounting solutions.

    Steve brings more than 25 years of experience in business development and relationship management, including work with public and private companies, investment bankers, attorneys, and private equity sponsors across the Southwest. Known for his consultative approach and ability to deliver tailored solutions, he will now partner with business owners, executives, and other key stakeholders throughout the region.

    “It’s a privilege to join Calvetti Ferguson and be part of a team that’s committed to delivering real value to its clients,” said Steve Valenta. “I’m eager to support the firm’s momentum in Dallas and look forward to developing new relationships throughout the community.”

    Steve’s efforts will center on introducing middle-market businesses to Calvetti Ferguson’s full range of capabilities. He will focus on identifying opportunities that align with client needs and ensuring successful, long-term engagements.

    He holds a Bachelor of Business Administration in Finance from the University of Oklahoma and a Master of Business Administration in Finance from Southern Methodist University. Steve is also an active member of the Association for Corporate Growth (ACG), where he remains engaged in industry developments.

    “Steve’s experience and relationship-focused mindset will help us deepen our connections in the region and uncover new ways to support clients across North Texas,” said Jason Cain, vice president of business development at Calvetti Ferguson. “We’re excited to welcome him as we continue to build our presence in Dallas.”

    With Steve joining the team, Calvetti Ferguson strengthens its ability to meet the evolving needs of the Dallas market. His arrival reinforces the firm’s commitment to trusted partnerships and insight-driven solutions that help clients thrive.

    About Calvetti Ferguson
    Calvetti Ferguson is a nationally recognized CPA and advisory firm serving companies across the United States. The firm provides assurance, tax, advisory, accounting, risk advisory, and technology advisory services to middle-market businesses, family offices, and private equity firms.

    Media contact:

    Emily Martin

    Chief Marketing Officer

    emartin@calvettiferguson.com

    (713) 726-5723

    The MIL Network –

  • MIL-OSI: KANZHUN LIMITED to Hold Annual General Meeting on June 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 22, 2025 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 3 p.m. Beijing time on June 27, 2025 at 21/F, GrandyVic Building, Taiyanggong Middle Road, Chaoyang District, Beijing, China for the purposes of considering and, if thought fit, passing with or without amendments, each of the proposed resolutions as set forth in the notice of the AGM (the “AGM Notice”). The AGM Notice, a circular in relation to the AGM, and the form of proxy for the AGM are available on the Company’s website at https://ir.zhipin.com. The board of directors of the Company fully supports the proposed resolutions and recommends that shareholders and holders of American depositary shares (“ADSs”) vote in favor of the proposed resolutions.

    Holders of record of ordinary shares of the Company at the close of business on May 22, 2025, Hong Kong time, are entitled to notice of, to attend and vote at, the AGM or any adjournment thereof. Holders of record of ADSs as of the close of business on May 22, 2025, New York time, who wish to exercise their voting rights for the underlying Class A ordinary shares must give voting instructions to Citibank, N.A., the depositary of the ADSs.

    The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report on Form 20-F can be accessed on the Company’s website at https://ir.zhipin.com and on the SEC’s website at http://www.sec.gov.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

    For more information, please visit https://ir.zhipin.com.

    For investor and media inquiries, please contact:

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China：

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

  • MIL-OSI: KANZHUN LIMITED Announces Board Change

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 22, 2025 (GLOBE NEWSWIRE) —  KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that Ms. Hongyu Liu has been appointed as an independent non-executive director of the Company and a member of the nomination committee.

    Ms. Hongyu Liu, aged 52, is a financial expert with over 25 years of experience in the financial services industry. Ms. Liu currently serves as a managing director at Intermediate Capital Asia Pacific Limited, where she started her role in 2016. She previously served as a principal at TPG Capital, and held the position of vice president at Lazard China Limited. Her earlier career also includes over seven years at JP Morgan Chase, where she held various roles in the United States and Hong Kong, with her last position being a vice president.

    Ms. Liu earned a Bachelor of Arts degree in finance from Renmin University of China, a Master of Arts in Law and Diplomacy from The Fletcher School of Tufts University, and an MBA from Tuck School of Business at Dartmouth College. She also serves on the International Board of Advisors at Tufts University. Ms. Liu is a Chartered Financial Analyst and is licensed under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “SFO”) as a representative to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities.

    The Company would like to welcome Ms. Liu to the board. The Company believes that her expertise and experience will be a valuable asset to the Company’s development.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

    For more information, please visit https://ir.zhipin.com.

    For investor and media inquiries, please contact:

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China：

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

  • MIL-OSI Russia: “Eternal Deposits”: Development of Endowments in Russia Discussed at Polytechnic University

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The Peter the Great St. Petersburg Polytechnic University hosted the Eternal Deposits Assembly and the Endowment EXPO exhibition, organized by the National Endowment Association with the support of the Ministry of Science and Higher Education of the Russian Federation.

    The plenary session was opened by the Vice-Rector for Youth Policy and Communication Technologies of SPbPU Maxim Pasholikov.

    “The topic of endowments is in demand now, in recent years we have seen its rebirth, and the issues that the National Endowment Association raises, initiating various sessions and events, certainly influence the development and promotion of endowments,” Maxim Aleksandrovich noted in his welcoming speech. “These issues are related to motivational co-financing, and to the attraction of state corporations, and to the involvement of society as a whole in charity. I think many of you will agree that there is romance in the topic of endowments, because we are talking about eternal capital, about the fact that the result may appear not in a year or two, but in fifty or a hundred years, and our descendants will receive it. That is why our business seems so romantic and especially valuable to me.”

    Svetlana Lavrova, Chairperson of the Board of the National Endowment Association, agreed that there is a certain romanticism in the fact that an endowment, on the one hand, is important for the financial market, and on the other hand, it supports the non-profit sector, ensuring its sustainability and independence.

    “The financial sector is interested in finances, and the beneficiaries of all this are simply people,” Svetlana Nikolaevna explained. “The development of endowments balances the interests of business and society.”

    Director of NAE Alexey Anisin presented statistics on the endowment industry for 2024 and the dynamics of its development since 2011. Targeted capital is created to support universities, schools, sports associations, and cultural institutions. Today, there are already 407 of them, 360 are registered, and the volume of funds in endowments, according to management companies, amounted to 155.5 billion rubles.

    Alexey Anisin noted that this year the number of Assembly participants and partners has increased significantly: We held the First Assembly “Eternal Deposits” in 2023. Last year we decided to make exhibition “Endowment EXPO”. We invited not only endowment funds, but also management companies, universities, schools, museums. We realized that those people who, especially in the regions, are engaged in this topic, lack a community, communication, because if in Moscow, in St. Petersburg there are many endowments, there is a certain professional circle where people communicate, then in the regions it is much more difficult. The industry itself is not yet sufficiently represented in the media field. An important function of such an exhibition is to tell the widest possible circle of people, including donors, about the endowment.

    The plenary session was also attended by the co-founder and president of the Rybakov Foundation Ekaterina Rybakova, the general director of the Potanin Foundation Oksana Oracheva, the director of the Federal Center for Cultural Heritage Our Norilsk, and a member of the board of the National Association of Ecologists Anna Makukha.

    On the first day of the assembly, discussions were held on the tracks “Basics and Reviews”, “Consultations and Special Events” and “Special Sessions”, where participants discussed issues of investing and developing endowments in various fields.

    Maxim Pasholikov, Vice-Rector for Youth Policy and Communication Technologies at SPbPU, gave a presentation at the “University Endowment Review” track. He shared his experience of attracting funds to the Polytechnic’s endowment funds (there are currently six of them), and then the audience exchanged examples and ideas for filling their endowments. Maxim Pasholikov separately said that since this year, the monitoring system of the Ministry of Education and Science’s “Priority-2030” program has included an indicator of the effectiveness of attracting funds to endowment funds, so the universities participating in the program have an additional incentive to develop alumni communities, partnerships and other mechanisms for increasing endowment funds.

    At the end of the first day of the Assembly, the winners and prize winners of the Eternal Contribution Prize were awarded. The ceremony was hosted by Associate Professor of the Higher School of Law and Forensic Science of the Humanitarian Institute of St. Petersburg Polytechnic University, winner of the competition and recipient of the Eternal Contribution-2022 Prize Artem Klinitsky.

    In 2025, the special prize of the organizing committee of the award was received by a team of authors, which included Doctor of Historical Sciences, Professor of the Higher School of International Relations and the Higher School of Social Sciences of the Humanities Institute of SPbPU Ilya Sidorchuk, Doctor of Historical Sciences, Professor of St. Petersburg State University Evgeny Rostovtsev and a student of the Humanities Institute of the Polytechnic University Svetlana Danilova.

    The study by the co-authors is dedicated to the Society for Assistance to Students of the Imperial St. Petersburg University and the importance of endowment capital in its activities.

    “The society was founded in 1873 and up until the revolution it successfully coped with its tasks,” said Ilya Viktorovich. “We came to the conclusion that there were many ways to support the society and raise funds, for example, membership fees, charity concerts. But, as practice has shown, the most effective was the use of perpetual deposits. It was thanks to them that it became possible to implement such projects as the construction of a sanatorium in Yevpatoria and the organization of a student canteen, which fed many needy young people for free.”

    “As they said today on one of the tracks, time goes by, but many students are still forced to look for money for clothing, food, housing, education, especially in the humanities, where there are fewer and fewer budget places every year,” added Svetlana Danilova. “That is why our work is relevant, and this historical experience can be useful.”

    Photo archive

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: R3 signals strategic shift to lead the convergence of public and private blockchains to deliver internet capital markets through collaboration with Solana Foundation

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 22, 2025 (GLOBE NEWSWIRE) —

    • Collaboration brings together R3’s leading private enterprise blockchain with Solana’s high performance public mainnet
    • Drives institutional adoption of public blockchain networks, capitalizing on greater regulatory clarity and growing institutional demand for tokenized real-world assets (RWAs)
    • Announcement marks new strategic direction for R3, signalling its leadership in driving the convergence of public and private networks to unlock the next era of internet capital markets
    • Enables regulated financial institutions to directly access the speed and scale of Solana for broader asset distribution, enhanced liquidity, and a decisive step in bringing TradFi to DeFi

    {{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}R3 and Solana Foundation today announce a strategic collaboration to bring regulated financial institutions and their real-world assets onto Solana. It will deliver the first enterprise-grade, permissioned consensus service offered to the public directly on a Layer 1 network. This brings the institutional TradFi and DeFi worlds into true convergence, marrying the unparalleled reach of R3 into the TradFi ecosystem with the scale, liquidity, and innovation of internet capital markets. As the world’s most used public blockchain, the Solana blockchain offers unmatched performance, low fees, and a vibrant global ecosystem – making it the ideal foundation for the next generation of regulated digital finance.

    R3 has invited Lily Liu, President of the Solana Foundation, to R3’s Board of Directors, marking a strategic shift for R3 that unites the strengths of public and permissioned blockchains.

    Solana and R3 will bring regulated assets onto a public blockchain at a time when the RWA sector is at a pivotal juncture: regulatory tailwinds are spurring investor confidence in digital assets, financial institutions are becoming increasingly comfortable with leveraging public networks, and the DeFi sector is maturing. These forces are driving growing demand for high-quality, tokenized assets on public networks.

    As the world’s largest collection of permissioned RWA networks, with over $10 billion in regulated assets on-chain across its platforms, the R3 ecosystem is ideally positioned to meet this demand. R3’s Corda has the most live, in-production use cases and millions of transactions processed daily by leading institutional players. Integrating with Solana’s blockchain will enable these assets to flow to meet the growing demand on public networks, and unlock new settlement options across these ecosystems, including using high-quality stablecoins. Unlike traditional interoperability approaches, this comprehensive integration means private transactions on Corda can be confirmed directly on Solana mainnet, inheriting the network’s performance and security, and enabling true transactional atomicity.

    The collaboration will create a consensus service deployed on Solana to enable native interoperability between R3’s existing Corda platform – as well as other private networks – and Solana, bridging the gap between permissioned and public blockchain ecosystems for the first time. This will enable regulated financial institutions – including banks, financial market infrastructure providers, and asset managers – to fully harness the openness and efficiency of Solana without re-writing their applications or compromising on compliance, security, or asset control.

    R3 chose Solana as its public Layer-1 substrate and the basis for its new consensus service following an extensive evaluation and technical review of decentralized protocols, selecting Solana for its low transaction fees, speed, scalability, as well as the Solana ecosystem’s robust developer community, and relationships with numerous regulated financial institutions, including Blackrock, Franklin Templeton, and Hamilton Lane which have all deployed regulated assets on the network.

    Critically, this collaboration simplifies the complexity of managing RWAs on public blockchains – bringing Corda’s proven strengths in identity, privacy, and compliance to a public and permissioned environment. This allows traditional financial institutions to operate with the same control and clarity they expect from enterprise-grade infrastructure, while unlocking the scale and flexibility of a public network. 

    “This is a major step forward for the institutional adoption of public blockchain,” said Lily Liu, President of the Solana Foundation. “R3’s decision to bring its regulated financial network onto Solana is powerful validation that public blockchains have reached institutional readiness. With Solana’s unmatched performance, enterprise-grade permissioning, and growing roster of regulated assets, we’re not just witnessing convergence between TradFi and DeFi – we’re enabling it. This collaboration signifies that the future of capital markets will be built on public infrastructure. We’re thrilled that the Solana ecosystem is leading the way.”

    David E. Rutter, Founder and CEO of R3 commented: “We’ve never pursued blockchain for its own sake – our mission is to solve real financial problems. After years of laying the groundwork, R3 is ready to bring our experience and our network of regulated financial institutions towards a new public future with one of the best and most trusted public ecosystems – Solana. This is more than a milestone; it’s a strategic realignment for the entire industry. We know DeFi isn’t coming to TradFi, so it’s up to us to build the connective infrastructure that links these two ecosystems. This is about adapting to deliver real-world utility, institutional-grade readiness, and shaping the long-term future of regulated markets.”

    Clearstream, a leading post-trade infrastructure provider at the forefront of digitizing financial markets, is a long-standing user of R3’s Corda which underpins its digital collateral solution. 

    Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, commented: “Tokenization isn’t just about digitizing assets – it’s about building scalable, global infrastructure where real-world assets can interact directly and securely, no matter where investors are located. The convergence of public and private blockchains is no longer a future promise – it’s happening now. This is a generational shift in how value moves, and a compelling moment for any institution looking to enter the crypto space. We’re excited for what’s ahead.”   

    Media Contacts

    Eterna Partners for R3

    R3@eternapartners.com

    +44 (0)7442 230 170

    Solana

    press@solana.org

    About R3

    R3 is the leader in real-world asset (RWA) tokenization and interoperability solutions, driving market digitization and bridging the largest on-chain RWA ecosystem with DeFi.

    Corda is an open, permissioned DLT platform powering the tokenization of assets and currencies connecting global markets. Corda enables tokenization with control, providing diverse asset mobility in a secure, trusted environment. 

    R3 is committed to progressing financial markets by enabling an open, trusted and advanced digital economy for real-world assets.  

    For further information, please visit www.r3.com.

    About Solana

    Solana is a blockchain built for mass adoption. It’s a high performance network that is utilized for a range of use cases, including finance, NFTs, payments, and gaming. Solana operates as a single global state machine, and is open, interoperable and decentralized. For more information, please visit https://solana.com.

    About Solana Foundation

    The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralization, adoption, and security of the Solana network. For more information, please visit https://solana.org/.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae6d91e9-9bb4-4a47-b3e3-7a873993c009

    The MIL Network –

  • MIL-OSI: Rhino Federated Computing Raises $15M Series A to Scale Federated AI Across Regulated Industries

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Rhino Federated Computing, the leading platform for federated AI collaboration, today announced the close of an oversubscribed $15 million Series A funding round led by AlleyCorp. All existing institutional investors participated, including LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, Telus Global Ventures and Keren Maccabi, as well as new investors Wilson’s Bird Capital, Mr. Frank Sica, and Gaingels. The round brings Rhino FCP’s total funding to over $30 million to-date.

    Founded in 2020 by Dr. Ittai Dayan (who led AI development and deployment at Mass General Brigham and was a researcher at Harvard Medical School) and Yuval Baror (serial entrepreneur with over 20 years of experience building AI based production systems), Rhino FCP enables enterprises to work together on AI and data science initiatives without centralizing data—fueling a new era of federated AI that protects data ownership, complies with regulation, and accelerates innovation. The company is already powering major use cases, including:

    With this new capital, Rhino will scale these capabilities across more customers and regulated sectors, bringing to market a robust, enterprise-grade solution for organizations looking to collaborate with data at scale.

    “Federated AI is the future of innovation in regulated industries,” said Dr. Ittai Dayan, CEO and co-founder of Rhino Federated Computing. “We’re helping organizations unlock the power of their data—not in isolation, but as part of an interconnected, secure network. This investment allows us to accelerate that mission and expand the reach of our platform.”

    Dr. Alexi Nazem, General Partner head of healthcare at AlleyCorp, added: “In the rapidly advancing era of artificial intelligence, unique data is becoming incredibly valuable. But often that data is private and proprietary, so private, secure, and effective collaboration tools are necessary to activate and realize the true value of that data. It’s a difficult challenge, especially in highly sensitive fields like healthcare and financial services, and Rhino’s federated AI platform is the most compelling foundation we’ve seen for making that possible.”

    About Rhino Federated Computing
    Headquartered in Boston, MA, with an R&D center in Tel Aviv, Rhino has built the trusted end-to-end tech stack for federated AI in regulated industries. Rhino FCP enables data-driven collaboration across institutional and geographic boundaries—without requiring data centralization—empowering enterprises to safely scale AI and analytics across increasingly large networks. Rhino is committed to delivering scalable, secure, and compliant data collaboration without sacrificing speed or control.

    Media Contact
    media@rhinofcp.com
    www.rhinofcp.com

    The MIL Network –

  • MIL-OSI: Meteora Capital Recently Celebrated the Three-Year Anniversary of Flagship Fund

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Meteora Capital, LLC (“Meteora”), a leading investment adviser specializing in event-driven equity and credit strategies, is proud to announce the third anniversary of its flagship fund, Meteora Select Trading Opportunities, LP (“MSTO”).

    MSTO’s strategy focuses on identifying opportunities arising from hard catalyst investments including mergers, restructurings, convertible bonds, SPACs and other special situations. These strategies aim to deliver risk-adjusted returns while navigating complex market dynamics.

    Founded in 2021 by Vik Mittal, CFA, Meteora Capital leverages deep expertise across public and private markets. Mittal, the firm’s Managing Member and Chief Investment Officer, brings over two decades of experience in event-driven investing across strategies such as merger arbitrage, SPACs, convertible securities, structured financing, and credit opportunities.

    Meteora, which is headquartered in Boca Raton, Florida with a satellite office in New York, NY now has a total staff of 13 including Mittal. This growth in personnel reflects the firm’s commitment to building a robust team capable of navigating complex investments.

    Over the past three years, MSTO has been recognized for its disciplined investment approach and commitment to excellence. Among its accolades are:

    • 2024 HedgeWeek Emerging Managers Award: Event-Driven Multi-Strategy Fund of the Year
    • 2024 HFM U.S. Performance Awards: Multi-Strategy Newcomer of the Year Award
    • Consistent monthly top rankings by BarclayHedge within the event-driven category

    As Meteora celebrates this milestone, it remains committed to expanding its platform and delivering value to institutional and high-net-worth investors seeking exposure to event-driven strategies with a focus on optimizing performance while managing risks effectively.

    About Meteora Capital

    Meteora Capital is a leading alternative investment firm specializing in event-driven strategies, including SPACs, merger arbitrage, and structured credit investments. The firm’s mission is to build a best-in-class platform that balances performance optimization with risk mitigation across public market opportunities paired with long-term private market investments.

    For inquiries or more information about Meteora Capital, LLC:

    Media Contacts:

    Kevin Gahwyler 

    Meteora Capital, LLC

    info@meteoracapital.com

    The MIL Network –

  • MIL-OSI: Philadelphia Insurance Companies Recognized with Duck Creek Standard of Excellence Customer Award at Formation ’25

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named Philadelphia Insurance Companies (PHLY) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held this week in Orlando, Florida.

    The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. The award recognizes PHLY for its outstanding achievement in digital transformation and innovation in insurance operations.

    Together with Ernst & Young, LLP (EY US), PHLY leveraged Duck Creek’s cloud-native, SaaS-based solutions, including Duck Creek Policy, Duck Creek Insights, and Duck Creek Producer Portal, to reimagine how Philadelphia Insurance Companies BOP (PHLYBOP) policies are delivered, driving major advancements across operational efficiency, customer experience, and market responsiveness.

    “This recognition highlights the power of teamwork and the strength of our technology partnerships,” said Brent Skiles, SVP of Insurance Operations at Philadelphia Insurance Companies. “Together, we’ve helped PHLY launch a future-ready platform that meets the needs of our broker and agency partners, while scaling for tomorrow’s opportunities.”

    Facing the need to modernize legacy systems, PHLY set out to implement a digital-first strategy, reduce manual processes, and use data to drive better decisions and customer insights. With Duck Creek’s solutions, they achieved:

    • Automated policy lifecycle management, improving speed and accuracy;
    • Real-time data access and analytics to support decision-making and compliance;
    • A modern, agent-facing experience via the Duck Creek Producer Portal; and
    • Rapid deployment of BOP products across multiple states using pre-configured templates and scalable APIs.

    The foundational release of the reimagined BOP offering launched in three states in late 2024, with rollout to 20 additional states planned throughout 2025. PHLY’s transformation has already led to increased market share, improved customer satisfaction, and stronger agent engagement, setting a new benchmark for excellence in digital insurance delivery.

    “Philadelphia Insurance Companies demonstrated what’s possible when a forward-thinking insurer embraces modern technology to meet complex market demands,” said William Magowan, SVP North American Sales at Duck Creek Technologies. “Their strategic use of Duck Creek OnDemand, Policy, Insights, and Producer is a prime example of how carriers can deliver meaningful transformation with speed and scale.”

    Duck Creek celebrates PHLY’s incredible success in the P&C Insurance Industry.

    About Duck Creek Technologies   
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    About Philadelphia Insurance Companies

    For over 60 years, Philadelphia Insurance Companies (PHLY) has delivered stability and peace of mind through enduring partnerships with our customers, brokers, and independent agents nationwide. We provide commercial property/casualty and professional liability coverages, comprehensive risk management, and expert claims handling across 120+ specialized industries.  

    As a proud member of Tokio Marine Group, one of the largest insurance groups in the world, PHLY’s exceptional financial strength has been independently validated through the highest ratings from the AM Best Company [“A++” (Superior)] and Standard & Poor’s [“A+”] since 2011. PHLY is nationally recognized as a member of Ward’s Top 50 since 2001, Business Insurance’s Best Places to Work in Insurance since 2010, and ranked as one of America’s Best Midsize Employers by Forbes.  

    For more information, please visit PHLY.com and connect with us on LinkedIn.   

    Media Contacts:   
    Marianne Dempsey/Tara Stred   
    duckcreek@threeringsinc.com

    The MIL Network –

  • MIL-OSI: Regula Earns Double Recognition at 2025 Global InfoSec Awards—for the Third Year Running

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., May 22, 2025 (GLOBE NEWSWIRE) — Regula, a global developer of forensic devices and identity verification solutions, earned two prestigious Global InfoSec Awards from Cyber Defense Magazine (CDM): one for the Best Identity Verification Solution and another for the Most Innovative Cybersecurity Blog. It’s the third year in a row that Regula has earned recognition from CDM, reflecting the company’s sustained excellence in innovation and industry leadership.

    Cyber Defense Magazine, a respected voice in the cybersecurity sphere, for over a decade honors forward-thinking companies and leaders in its annual Global InfoSec Awards. This year, the expert jury selected only about 10% out of more than 3,000 contenders worldwide. According to CDM, winners stood out by “delivering tomorrow’s cybersecurity solutions today.”

    Global InfoSec Awards 2025 for Regula

    Benchmark innovation

    In 2025, Regula was repeatedly awarded for its complete identity verification (IDV) solution built around Regula Document Reader SDK and Regula Face SDK. Together, these solutions cover every step of the identity verification journey—from authenticating physical documents to verifying a person’s presence and identity through biometric analysis.

    Regula’s technology doesn’t rely on static scans or uploaded photos. As the only technology that verifies all dynamic security features in IDs, it analyzes real documents and thus is able to detect even the most sophisticated forgeries. Also, Regula’s biometric solution uses advanced liveness detection techniques to verify live facial data and stop presentation attacks like video injections, deepfakes, synthetic identities, or screen replays.

    With support for 15,000+ identity document templates from 251 countries and territories, Regula offers a truly global solution trusted by more than 1,000 organizations and 80 border control authorities.

    “Regula embodies three major features we judges look for to become winners: understanding tomorrow’s threats today, providing a cost-effective solution, and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

    This year’s Global InfoSec Award joins a growing list of accolades for Regula’s innovative technology. Earlier in 2025, Regula earned Gold in the Globee Awards for Cybersecurity in the Identity Proofing and Corroboration category, marking an advancement over the Silver award of the previous year.

    A trusted source for cybersecurity knowledge

    Regula’s second award recognizes the Regula Blog as the Most Innovative Cybersecurity Blog. With over 18,000 unique readers each month, the blog has become a valuable resource for IDV and forensic professionals worldwide, bridging technical expertise with real-world application.

    What makes the Regula Blog stand out is its ability to combine:

    • Original insights and expert analysis, offering research-backed content on topics like deepfake detection, identity fraud, and document verification.
    • Visual storytelling, with infographics, case studies, and document samples that help readers better understand complex concepts.
    • External expertise, featuring exclusive articles from industry professionals alongside Regula’s own thought leadership.

    Earlier this year, Regula’s blog won the Cybersecurity Excellence Awards for Best Cybersecurity Blog. The jury recognized its expert insights, authoritative opinions, real-world fraud case analyses, practical guides, and forward-looking discussions of evolving security challenges.

    “Winning two Global InfoSec Awards for the third year in a row speaks to the depth and consistency of our innovation. At Regula, we don’t chase trends—we solve real problems. Whether it’s protecting against deepfakes or helping professionals make sense of complex identity documents, our focus remains the same: provide secure, science-driven tools and insights our customers can trust,” says Ihar Kliashchou, Chief Technology Officer at Regula.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68912dec-fc11-4997-be48-bc587b81ada9

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Uncovers Surprising Truth: Inflation-Adjusted Debt Growth Much Smaller Over the Last Five Years

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 22, 2025 (GLOBE NEWSWIRE) — As consumers grapple with rising costs and high interest rates, recent studies have revealed an increased reliance on credit products to help make ends meet. Despite the seemingly rapid growth in balances, a new analysis by TransUnion (NYSE: TRU) uncovers a more complex reality.

    According to TransUnion’s newly released Q1 2025 Credit Industry Insights Report (CIIR) total consumer balances have steadily increased over recent years. Total balances in nominal dollar terms (before adjusting for inflation) across all consumer credit products rose from $14.1 trillion in Q1 2020 to $18.0 trillion in Q1 2025, approximately 28%. The cumulative Consumer Price Index increase over that same time period, as measured by the U.S. Bureau of Labor Statistics, was nearly 24%. When adjusted for inflation, total balance growth in real dollar terms is more modest, amounting to $0.5 trillion over the five-year period, an increase of closer to 3%.

    The analysis also revealed that inflation-adjusted balances for consumers actually declined in real dollar terms across the majority of credit risk tiers from 2020 to 2025. This decrease was most pronounced in the prime risk tier, which saw a 14% drop in balances after adjusting for inflation. In contrast, super prime consumers experienced an 18% growth in balances over the same period. Much of the increase for super prime borrowers was attributed to higher mortgage balances. The only other risk tier to see an inflation-adjusted increase over the period was subprime at 1.9%.

    “Our latest analysis reveals a picture of credit usage that goes beyond simply an increase in total balances,” said Jason Laky, executive vice president and head of financial services at TransUnion. “When we account for the recent period of higher inflation, the rise in balances suggests that consumers in most risk tiers are not over-extended. In fact, many consumers experienced significant income gains since 2019, which have enabled most borrowers to effectively manage their debt levels.”

    Total Inflation-Adjusted Balances Across All Accounts Have Declined Across The Majority of Risk Tiers Since 2019
      % nominal dollar change 2020 to 2025 % real dollar change for 2020 to 2025 –
    inflation adjusted
    Super prime 46.5% 18.2%
    Prime plus 9.4% -11.7%
    Prime 7.2% -13.5%
    Near prime 11.6% -9.9%
    Subprime 26.2% 1.9%


    Source: TransUnion U.S. Consumer Credit Database

    “These findings challenge the idea that consumers are simply accumulating credit card debt. Instead, they highlight how balances reflect the current economic reality,” said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. “It’s understandable that only subprime consumers have experienced an inflation-adjusted increase in real credit card average balances, as this demographic has likely felt the impact of higher costs most acutely. But for other risk tiers of borrowers, their card balance growth has been less than the rate of inflation, indicating that many consumers may have further borrowing capacity.”

    To learn more about the latest consumer credit trends, register for the Q1 2025 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

    Serious consumer-level credit card delinquencies decline YoY for second consecutive quarter

    Q1 2025 CIIR Credit Card Summary

    The first quarter of 2025 reflected credit card trends indicating a return to equilibrium, similar to those observed towards the end of 2024. Notably, consumer-level delinquencies of 90+ days past due decreased for the second consecutive quarter, dropping by 12 basis points year-over-year (YoY) to 2.43%. This marks the first consecutive quarters of YoY delinquency decline since 2020, during the height of the pandemic. In Q4 2024, total originations volume experienced a slight YoY increase of 0.1%. Although modest, this represents the first YoY growth in six quarters. Subprime originations saw a YoY growth of 2.9% in Q4 2024, the first in eight quarters, while super prime originations grew by 5.3% for the second consecutive quarter. Despite the uptick in originations, credit line amounts on new cards continue to trend downward. The average credit line on new accounts decreased slightly by 0.3% YoY in Q4 2024, with growth in super prime lines offsetting smaller lines in prime and below.

    Instant Analysis

    “We continue to observe signs that serious delinquencies may have peaked, with consumers managing their credit card usage more effectively. The year-over-year decline in 90+ days past due delinquencies, along with slower balance growth and stable utilization rates, indicates emerging market stability. We anticipate further declines in serious delinquencies in the coming quarters, primarily due to lenders’ intentional management of credit lines and cardholder risk profiles.”

    – Paul Siegfried, senior vice president and credit card business leader at TransUnion

    Q1 2025 Credit Card Trends

    Credit Card Lending Metric
    (Bankcard)    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Number of Credit Cards
    (Bankcards)    		 563.0 million 543.1 million 523.2 million 490.0 million
    Borrower-Level Delinquency
    Rate (90+ DPD)    		 2.43% 2.55% 2.26% 1.62%
    Total Credit Card Balances $1.07 Trillion $1.02 Trillion $917 billion $769 billion

    Average Debt Per Borrower    		 $6,371 $6,218 $5,733 $5,026
    Number of Consumers
    Carrying a Balance    		 172.0 million 169.0 million 165.3 million 158.9 million
    Prior Quarter Originations* 19.4 million 19.3 million 20.6 million 21.2 million
    Average New Account Credit
    Lines*    		 $5,612 $5,628 $5,421 $4,634


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for a Q1 2025 credit card industry infographic. For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

    Shift to less risky borrowers drives decline in unsecured personal loan delinquency in Q1 2025

    Q1 2025 CIIR Unsecured Personal Loan Summary

    In Q4 2024, unsecured personal loan originations hit a new high of 6.3 million, a 26% increase over Q4 2023, driven by all risk tiers, especially super prime, with 29% growth YoY. This led to a 17% YoY growth in total new account balances to $34 billion. Total balances for Q1 2025 only grew for above prime tiers, reaching $253 billion, a 3% increase over the prior year. A record 24.6 million consumers had balances, a 5% increase YoY, but average balances per consumer only grew for above prime tiers. Lenders expanded their borrower base but maintained cautious exposure, leading to a 7% decrease in average new account balances for Q4 2024, the fifth consecutive quarter of decline. Subprime delinquencies fell to 14.0% in Q1 2025 from 15.6% last year, while other risk tiers saw increases. The overall borrower-level delinquency rate declined to 3.49% in Q1 2025 from 3.75% last year, thanks to a balanced lending mix.

    Instant Analysis

    “The unsecured personal loan market has not only rebounded but also expanded, setting new records in loan volumes and balances. Growth is evident across all credit risk tiers, with super prime borrowers leading in year-over-year growth in the most recent quarter. Lenders appear to be limiting loan amounts for individual consumers, even as the aggregate borrower-level delinquency rate continues to decline. Increased competition and demand in the lowest risk credit tiers, along with advances in risk management practices, are now resulting in lower delinquency rates. These factors should support sustained growth, even in a challenging macroeconomic environment.“

    – Josh Turnbull, senior vice president and consumer lending business leader at TransUnion

    Q1 2025 Unsecured Personal Loan Trends
    Personal Loan Metric Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Total Balances $253 billion $245 billion $225 billion $178 billion
    Number of Unsecured
    Personal Loans    		 29.8 million 28.1 million 26.9 million 23.9 million
    Number of Consumers with
    Unsecured Personal Loans    		 24.6 million 23.5 million 22.4 million 20.4 million
    Borrower-Level Delinquency
    Rate (60+ DPD)    		 3.49% 3.75% 3.91% 3.25%
    Average Debt Per Borrower $11,631 $11,829 $11,281 $9,896
    Average Account Balance $8,496 $8,737 $8,356 $7,448
    Prior Quarter Originations* 6.3 million 5.0 million 5.2 million 5.7 million


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional unsecured personal loan industry metrics. Click here for a Q1 2025 unsecured personal loan industry infographic.

    Mortgage originations see YoY growth as delinquencies tick up

    Q1 2025 CIIR Mortgage Loan Summary

    Another sign that the previously sluggish mortgage originations market is beginning to rebound is that mortgage originations saw a YoY increase of 30.2% in Q4 2024, reaching 1.2 million, with 78% of those being purchase originations. The 15.4% YoY growth in purchase originations marks its first annual increase since Q2 2021. Origination volumes remain low compared to historical norms. Home equity originations rose 11% YoY, marking the third consecutive quarter of YoY increases. Meanwhile, 60+ days past due (DPD) account-level delinquencies ticked up YoY in Q1 2025 for the 12th consecutive quarter, reaching 1.44%. This represents a growth of 21 basis points YoY in Q1 2025, though the rate remains relatively low compared to historical levels. As home prices continue to climb, the average amount of new mortgage loans has followed suit, increasing by nearly $40,000 YoY to $366,443 in Q4 2024.

    Instant Analysis

    “Due to the anticipated impacts of announced tariffs on near-term inflation, mortgage rates are expected to remain elevated above 6% in the next quarter. Without a significant decrease in mortgage rates, origination activity for both purchases and refinances is likely to remain subdued. Although the upward trend in mortgage delinquencies continues, the levels remain below long-term averages, and far below historical highs during the Great Financial Crisis, but still warrant close monitoring.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Mortgage Trends
    Mortgage Lending
    Metric    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Number of Mortgage
    Loans

    53.6 million

    53.2 million

    52.9 million

    51.5 million
    Consumer-Level
    Delinquency Rate
    (60+ DPD)    		 1.36% 1.14% 0.90% 0.80%
    Prior Quarter
    Originations*    		 1.2 million 0.9 million 1.0 million 2.9 million
    Average Loan
    Amounts
    of New Mortgage
    Loans*    		 $366,443 $327,102 $327,050 $315,661
    Average Balance per
    Consumer    		 $266,843 $260,745 $253,514 $241,203
    Total Balances of All
    Mortgage Loans    		 $12.5 trillion $12.1 trillion $11.8 trillion $10.9 trillion


    * O    riginations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional mortgage industry metrics. Click here for a Q1 2025 mortgage industry infographic.

    Auto originations trend up ahead of tariffs

    Q1 2025 CIIR Auto Loan Summary

    Auto loan originations in Q4 2024 reached 6.2 million, representing an 8% YoY growth. This growth was observed across all risk tiers, with super prime leading at 15.7% YoY growth. The increase was largely driven by Federal Reserve interest rate cuts in late 2024, rising inventories, and the return of incentives. New vehicles made up 47% of those financed in Q4 2024, as compared to 53% used, the highest Q4 share for new vehicles since pre-pandemic times. Leasing share continued to approach pre-pandemic levels, rising to 26% in Q1 2025. The 60+ DPD delinquency rate increased by 5 basis points YoY in Q1 2025 to 1.38%. This rate exceeds the peak delinquency rate of 1.33% observed in Q1 2009, although the rate of growth has recently slowed. Overall, new vehicle loan vintages continue to show consistent performance compared to pre-pandemic periods (2018/2019). However, when broken down by risk tiers, recent new vehicle vintages have elevated delinquency levels, particularly for prime and below tiers.

    Instant Analysis

    “There have been positive signs of recovery and momentum across all tiers, not just super prime. The return of incentives has provided a tailwind to vehicle sales and financing. Nevertheless, some of this progress may reverse if the recently announced trade policies are implemented long-term, as they could further impact affordability. Despite this, we expect Q1 2025 originations to increase, as many consumers likely tried to secure a new vehicle before the tariffs were implemented.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Auto Loan Trends

    Auto Lending Metric    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Total Auto Loan Accounts    		 80.0 million 80.1 million 80.1 million 80.5 million

    Prior Quarter Originations    1    		 6.2 million 5.8 million 5.8 million 6.5 million
    Average Monthly Payment
    NEW    2    		 $759 $746 $741 $657
    Average Monthly Payment
    USED    2    		 $526 $521 $521 $509
    Average Balance per
    Consumer    		 $24,413 $24,035 $23,214 $21,606
    Average Amount Financed on
    New Auto Loans    2    		 $42,877 $41,222 $41,539 $40,184
    Average Amount Financed on
    Used Auto Loans    2    		 $26,494 $25,655 $26,260 $27,995
    Consumer-Level Delinquency
    Rate (60+ DPD)    		 1.56% 1.50% 1.34% 1.09%


    1    Note: Originations are viewed one quarter in arrears to account for reporting lag.
    2Data from S&P Global Mobility AutoCreditInsight, Q1 2025 data only for January and February.
    Click here for additional auto industry metrics. Click here for a Q1 2025 auto industry infographic.

    For more information about the report, please register for the Q1 2025 Credit Industry Insight Report webinar.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
    E-mail dblumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI: Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its majority-owned operating subsidiary, Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), has secured an estimated $2.7 million in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than 1,800 residential service contracts and two commercial service contracts to its portfolio for estimated recurring revenue of more than $0.9 million. The Company also provided an update on Al Shola Gas’ bulk LPG supply.

    Overview of New Contracts – Engineering Projects

    Since March 2025, Al Shola Gas has signed contracts for design, supply, installation, maintenance, and operations with an estimated total value of approximately $2.7 million.

    “The award of these market-leading contracts exemplifies Al Shola Gas’s capability to undertake and execute the industry’s most exemplary and demanding projects. We continue to expand our operations as the United Arab Emirates (UAE) benefits from increased migration and construction sector growth,” added Al Shola Gas, Managing Director, Sanjeeb Safir.

    Overview of New Contracts – Residential Utilities

    Since the commencement of the current year, Al Shola Gas has signed contracts for the supply and maintenance of LPG utility solutions for over 1,800 new apartments situated in 16 buildings throughout Dubai, UAE. The anticipated annual recurring revenue generated from the new contracts is projected to be approximately $0.9 million. Consequently, with the incorporation of these new contracts, the current billings for utility solutions rendered by Al Shola Gas will increase to encompass over 12,000 customers.

    Overview of New Contracts – Commercial Utilities

    Furthermore, since the beginning of 2025, Al Shola Gas has signed commercial LPG supply and maintenance contracts for two food and beverage facilities in Dubai. With the addition of these properties, Al Shola Gas now manages monthly billing for over 170 food and beverage outlets.

    Overview of Bulk LPG Supply

    Bulk LPG supplied by Al Shola Gas to its current customers has consistently exceeded 600 MT monthly. Bulk LPG supply has been organically growing at a rate of 10 to 20 MT per month. With new bobtail trucks purchased and expected to join the Al Shola Gas fleet in the coming months, the company expects to reach 800 MT per month in bulk LPG supply by the end of the year.

    “Al Shola Gas continues to deliver impressive operational results and commercial traction,” said John-Paul Backwell, CEO of Fusion Fuel. “These new contracts reflect the market’s trust in our capabilities and contribute meaningful value to our long-term revenue base through project and recurring utility income.”

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

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  • MIL-OSI: CapEx Finance Index (CFI) April 2025: New Business Volumes Dip; Financial Conditions Strengthen

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 22, 2025 (GLOBE NEWSWIRE) —

    • FORECAST: A slight contraction in new business volumes suggests a 0.4% decline in new durable goods orders in April.
    • Total new business volume (NBV) rose by $10 billion seasonally adjusted among surveyed ELFA member companies, a decrease of 3.2% from the prior month.
    • NBV year-to-date contracted by 1.0% relative to the same period in 2024.
    • Year-over-year, NBV dropped by 4.4% on a non-seasonally adjusted basis.
    • Charge-offs (losses) declined to 0.40%, the largest single-month decrease since October of 2020.

    “The April CFI showed a sector that weathered the recent surge in economic and financial market volatility. Demand for new equipment eased a little, but remained healthy, especially given all the April ups-and-downs,” said Leigh Lytle, President and CEO at ELFA. “Financial conditions strengthened remarkably, with losses and delinquencies plummeting. The across-the-board improvement in charge-offs highlights the industry’s resiliency, while the reduction in delinquencies suggests more improvements in financial conditions are on the horizon. Even if some of the impact from changing trade policy is delayed, the strength in financial conditions shows that it will take a lot more than uncertainty to knock the industry off course. While I don’t expect calm waters over the remainder of the year, I am optimistic that uncertainty will ease, which suggests a strong second half of the year for our industry.”

    New business volumes edged lower. New business volume growth cooled in April, declining 3.2% from the prior month. The $10 billion in overall new business volume is the second highest reading in 2025 and remained close to its two-year trend. Activity at banks and captives declined by 6.1% and 10.4%, respectively, while new volumes grew by 0.1% at independents. Over the last five months, the equipment finance industry has experienced an uptick in demand volatility, much of it in new business volumes at banks, which make up roughly half of the CapEx Finance Index. Even with the slowdown in new activity at banks, the average monthly rate of new business volumes was $5.1 billion over the first four months of the year, which is in line with the average over the last six months of 2024. New volume growth for small ticket deals dropped by 18.3% to $2.8 billion. Year-to-date, the small ticket index is down 20.6%, and the average monthly volume of new business remains well below its 2024 average.

    The pace of job losses slowed. Employment in the equipment finance industry was down 2.0% over the previous 12 months. That’s a slower rate of contraction than the 2.7% yearly decline in March. Employment at banks and captives both declined, while headcount at independents increased.

    Credit approvals shot up to the highest rate in over two years. The overall credit approval rate jumped to 77.4%, a rise of almost 1.4 percentage points. That is double the 0.7 percentage point increase in the prior month. The overall credit approval rate has so far risen by 3.1 percentage points in 2025.

    Financial conditions strengthened markedly. Aging receivables over 30 days fell by over 40 basis points to 1.8% in April. That is the lowest delinquency rate since June of 2023, and the biggest decline since November of that same year. Delinquencies on small ticket deals dropped by 34 basis points, and rates at banks and independents declined. Aging receivables at captives erased a March decrease, rising to 2.5%. After climbing for two months, the overall charge-off rate dropped to its lowest point since October last year. The loss rate on small ticket acquisitions also declined, as did the charge-off rate for banks, captives and independents.

    “We are cautiously optimistic about the months ahead and the stability of the economy and our industry as we head into summer,” said Daryn Lecy, CLFP, SVP/Chief Operating Officer, Oakmont Capital Services. “There are macroeconomic reasons to wait and see, as negotiations on tariffs begin and will likely take time. Additionally, several significant economic reports are set to be released in the coming weeks, which may impact business and consumer confidence. Specific to our industry, recent positive data—such as strong credit approvals—aligns well with substantially improved month-over-month delinquency and loss figures, giving us further reasons for optimism. Our industry is comprised of talented individuals and creative problem solvers who will adapt and position themselves to secure opportunities in any economic conditions.”

    Industry Confidence
    The Monthly Confidence Index from ELFA’s affiliate, the Equipment Leasing & Finance Foundation, increased to 44.5 in May, up from 41.9 in April, as equipment finance companies await further clarity around tariff policies.

    About ELFA’s CFI
    The CapEx Finance Index (CFI) is the only real-time dataset that tracks nationwide conditions in the equipment financing industry. The information is compiled from a diversified set of businesses that respond to questions about demand for equipment financing, employment, and changes in financial conditions. The resulting data is organized by institution type, such as banks, captives, and independents, and is classified into overall activity and financing for small ticket equipment and software. The CFI is released monthly from Washington, D.C., generally one day before the U.S. Department of Commerce’s durable goods report. More detail on the data and methodology can be found at www.elfaonline.org/CFI.

    About ELFA
    The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s over 600 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at www.elfaonline.org.

    Follow ELFA:
    X: @ELFAonline
    LinkedIn: https://www.linkedin.com/company/115191

    Media/Press Contact: Krishna Magalona, PR Manager, ELFA, Krishna@360livemedia.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4b94a8a-22d2-45f2-a618-8c1d5c73620e

    The MIL Network –

  • MIL-OSI: Jabra launches Engage AI Complete, the human-focused AI software for call centers

    Source: GlobeNewswire (MIL-OSI)

    • Engage AI Complete is a new premium tier of its Engage AI software for call centers – uniquely analyzing not only what is said, but also how it is said, in real time, while also removing background noise.
    • Engage AI Complete integrates generative AI and speech-to-text capabilities to deliver real-time assistance, personalized coaching, actionable insights and automated quality assurance (QA) to help drive more satisfied customers, more motivated agents, more efficient calls – and genuine human connections.

    LOWELL, Mass., May 22, 2025 (GLOBE NEWSWIRE) — Jabra, the world’s leading professional audio brand, today announced Jabra Engage AI Complete – a new premium tier of its call center software, Engage AI. The new offering adds real-time speech-to-text transcription and generative AI to elevate agent performance and enhance every customer interaction.

    With Engage AI Complete, call center agents receive live coaching and automated call summaries, while supervisors gain real-time insights, sentiment analysis and powerful analytics tools – all designed to drive better conversations and stronger customer outcomes.

    Evolving the customer experience
    Modern call centers often operate across several physical locations, with agents working from shared offices or noisy home environments. Multi-tasking is constant – solving customer issues while managing systems, tools and admin work. Engage AI Complete is designed for this reality.

    The platform uses AI to transcribe conversations live, enabling agents to focus on the caller rather than note-taking. It also analyzes not only what’s said but also how it’s said, helping agents adjust their tone in real time. Additionally, the platform uses AI to cut through background noise to ensure clearer conversations, powered by Jabra’s ClearSpeech technology.

    The result is fewer distractions, faster resolutions and more meaningful conversations – while reducing cognitive load for agents and enabling supervisors to support teams at scale.

    One platform with real-time voice intelligence for deeper human connections
    Jabra launched Engage AI in 2022 to bring real-time tone monitoring and feedback to agents. In 2024, ClearSpeech was introduced, removing background noise from the customer’s end to improve clarity and reduce cognitive loads on agents.

    Jabra is the only solution that delivers tone AI, speech-to-text, generative AI and noise cancellation, all in the same package.

    Backed by over 20 years of research and millions of conversations analyzed, Engage AI is built on a foundation of data, insights and privacy-first design. Calls are securely processed, with instant feedback delivered directly to the agent — helping them adjust in the moment and improve with every interaction.

    This enables agents to focus fully on the customer, making each conversation more effective. Supervisors can boost team performance with immediate coaching insights, while leaders can use real-time data to address shared customer concerns and make improvements. As a result, call centers benefit from higher customer satisfaction, lower agent turnover and more efficient operations overall.

    “Our goal is simple: give every agent the ability to own their tone, elevate every conversation and make the most of every call,” said Andreas Orebo Wenzel, VP of Engage AI at Jabra. “With Engage AI Complete, we’ve brought together years of voice research and generative AI innovation to address the core needs of the call center. Engage AI Complete increases operational efficiency and improves both agent experience and customer satisfaction, allowing companies to get more from every call.”

    New features that will be available in Engage AI Complete:

    • AI Call Summaries – Automatically transcribes and summarizes calls to reduce post-call admin.
    • Auto Call Reason Detection – Detects the reason for the call to help teams identify patterns and improve processes.
    • Auto Topic Tagging – Tags key topics discussed during the call to track trends and streamline coaching.
    • Customer Sentiment – Gives an instant, high-level view of how each call went with a simple sentiment score based on the words used during the call.
    • Insights & Analytics Dashboard – Overview of conversations to help leaders improve coaching and quality.

    Whether paired with a Jabra headset for an optimized experience or used with any professional headset, Engage AI Complete is easy to deploy and scale.

    Jabra Engage AI Complete will be available globally in June 2025. MSRP: $50 per user per month. The original version, now called Engage AI Core, remains available at $25 per user per month.

    Jabra will be showcasing its Engage AI Complete solution at Customer Contact Week 2025 in Las Vegas, June 9-12 (Booth 838), where Jabra has been recognized as an ‘Up & Coming solution provider’ by CMP in the Auto QA/QM category.   

    Learn more at: www.jabra.com/engageai

    PR Contact  
    Hayley Minardi
    hminardi@jabra.com

    About Jabra 
    Jabra is a world leading brand in audio, video, and collaboration solutions – engineered to empower businesses. Proudly part of the GN Group, we are committed to bringing people closer to one another and to what is important to them. GN’s R&D team utilizes innovative hardware, software, and AI-enabled technologies and expertise across hearing, enterprise, and gaming product groups. This engineering excellence allows Jabra to create integrated and customer-centric tools for call centers, offices, and collaboration to help professionals work more productively from anywhere. www.jabra.com

    Founded in 1869, GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO). GN’s solutions are sold in 100 countries across the world. Visit our homepage GN.com. 

    © 2025 GN Group. All rights reserved. Jabra® is a registered trademark of GN Group. All other trademarks included herein are the property of their respective owners (design and specifications are subject to change without notice).

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45d11514-f6e7-4cd3-8422-bd2299f4d840

    The MIL Network –

  • MIL-OSI: Stansberry Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Stansberry Asset Management (“SAM”) has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q1 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

    “Q1 2025 presented a fascinating market narrative marked by significant rotation and global shifts. Success demanded adaptability, deep market understanding, and strategic positioning,” says PSN Product Manager Nick Williams. “PSN Top Guns managers demonstrated exceptional skill in navigating these complex dynamics, where value sectors outperformed growth, international markets showed strength, and policy shifts created both challenges and opportunities. Their expertise in reading and responding to these evolving market conditions continues to showcase the enduring value of active management in separately managed accounts.”

    SAM’s recognition highlights the strength of two flagship strategies—Gold and Income—which posted standout performance and offered clients differentiated results in a highly dynamic market.

    “Our Gold and Income strategies stood out in Q1 not only for their positive performance but also for how they navigated volatility with purpose,” said Austin Root, Chief Investment Officer at SAM. “Gold offered a meaningful hedge amid rising macroeconomic uncertainty, while our Income strategy delivered yield without sacrificing downside protection. This recognition from Zephyr underscores the value of our active, research-driven approach.”

    Through PSN’s proprietary performance screens, the PSN Top Guns awards products in six proprietary categories across more than 75 universes, based on consistent performance over time.

    SAM’s Gold strategy earned a PSN Top Guns Q1 and 1-Year award, meaning it ranked in the top ten returns of the US Equity Universe, comprised of 2,658 other strategies. For Q1 2025, the strategy ranked #1, and for the 1-Year period ending 3/31/2025, it ranked #2 within the universe.

    The Gold strategy is designed for investors seeking to increase their exposure to precious metals—primarily gold—as a hedge against inflation, currency risk, and market turmoil. It employs a four-pronged approach to generate income and grow capital while maintaining gold’s core role as a long-term store of value. In today’s environment of rising volatility and macroeconomic uncertainty, gold remains an essential allocation in diversified portfolios.

    SAM’s Income strategy earned a PSN Top Guns Q1 award, ranking #2 in the US Balanced Universe among 300 other strategies.

    The Income strategy is built to deliver reliable yield while participating in upside markets and offering protection during drawdowns. Actively managed and forward-looking, it searches for yield across traditional and non-traditional sources, favoring companies with strong shareholder-return policies including dividends, buybacks, and special distributions. Its flexible structure allows it to adapt to evolving market conditions while remaining anchored in risk-conscious income generation.

    The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/.

    To Learn more about SAM’s Gold and Income Strategies you can visit:
    Gold Strategy: https://www.stansberryam.com/gold/
    Income Strategy: https://www.stansberryam.com/income/

    About Stansberry Asset Management (SAM)

    Stansberry Asset Management is a registered investment advisory firm headquartered in Westlake, Texas, with offices in New York, NY, Clifton Park, NY and San Mateo, CA with clients across the country. SAM marries informed, active, sophisticated investment management with holistic financial and wealth planning, all with a focus on helping clients build and preserve their legacy. SAM’s approach is rooted in rigorous analysis, strategic insight, and a commitment to client-centric service. For more information, please visit www.stansberryam.com.

    About PSN
    For more than four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of over 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Outlook for 2025 provides insight and trends about the SMA industry. You can view it online here.
    Visit PSN online to learn more.

    Contact:

    Claire Snider
    info@stansberryam.com
    646.854.4370

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