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(Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR).
FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo
Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will stop being published at the after Dec. 31, while others are scheduled to end in mid-2023.
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Why Zions is shunning SOFR, embracing Ameribor
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Cyble appoints former General Dynamics Executive James Thornton to expand business in North America ANI | Updated: Apr 08, 2021 13:36 IST
Alpharetta [Georgia], April 8 (ANI/Digpu): Cyble, an AI-powered, Y Combinator-backed, cyber intelligence company that empowers organizations with dark web & cybercrime monitoring and mitigation services, today announced that James Thornton, former Senior VP, Strategic Sales - the U.S. for General Dynamics, will now be joining Cyble as the Regional Director Sales & Customer Success - North America.
The news follows Cyble s recent announcement of the USD 4M seed financing led by Blackbird Ventures and Spider Capital, with participation from Xoogler Ventures, Picus Capital, and Cathexis Ventures. James brings a 20+ years history of success in the cybersecurity industry, a customer-centric approach, and a strong focus on delivering differentiated value to clients. He will be responsible for driving growth acros