Financial Times M&A

MARCH 10, 2023

Tech-focused lender had faced deposit outflows and failed in eleventh-hour attempt to raise new capital

Banking 143

Banking 143

Appraisers Blog

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The truth of the matter is that appraisals are an essential part of any mortgage transaction and should not be taken lightly or eliminated without due consideration.

Appraisal 143

Appraisal 143

Harvard Corporate Governance

MARCH 10, 2023

Posted by Richard Fields and Rusty O’Kelley, Russell Reynolds Associates, on Friday, March 10, 2023 Editor's Note: Rich Fields leads the Board Effectiveness practice and Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum. Keeping up with the ever-changing trends in global corporate governance is no easy task, as countries introduce new governance rules that trigger knock-on effects

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Benzinga

MARCH 3, 2023

PlayStation owner Sony Group Corp (NYSE: SONY ) has been vocal in its attempt to block rival Microsoft Corporation (NASDAQ: MSFT ), manufacturer of the Xbox, from buying video game publisher Activision Blizzard (NASDAQ: ATVI ) for roughly $69 billion. And while it would appear that Sony would get its way — with the Federal Trade Commission (FTC) suing Microsoft over the deal , citing antitrust issues — the company may soon find itself under regulatory scrutiny as well.

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Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

Mckinsey and Company

MARCH 8, 2023

While still nascent, generative AI has the potential to help fashion businesses become more productive, get to market faster, and serve customers better. The time to explore the technology is now.

Technology 144

Technology Marketability 144

Global Finance

MARCH 22, 2023

Are luxury cars untouched by economic slowdown and inflation? The latest results from Italian luxury automaker Lamborghini suggests so. CFO Paolo Poma believes the company can even improve its profitability, despite economic headwinds. Global Finance spoke with Poma—who has been managing director and CFO since 2017—when he recently visited New York.

Finance 126

Finance 126

Norman Marks

MARCH 1, 2023

I am pleased to announce that my latest book is now available on Amazon (see below). The intent is to help business leaders and information security practitioners discuss cyber risk in business rather than technical language, enabling executives and the board to make informed and intelligent business decisions.

Compliance 118

Compliance 118

Harvard Corporate Governance

MARCH 26, 2023

Posted by Maureen Bujno and Kristen Sullivan, Deloitte & Touche LLP, on Sunday, March 26, 2023 Editor's Note: Maureen Bujno is a Managing Director, and Kristen Sullivan is a Partner and leads Sustainability and ESG at Deloitte & Touche LLP. This post is based on their Deloitte memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Benzinga

MARCH 8, 2023

Michigan cannabis operator Skymint is under the control of a receiver, according to Crain’s Detroit Business. A lawsuit filed at the Ingham County Circuit Court in Lansing alleges the company owes more than $127 million to Canadian investment firm Tropics LP, a subsidiary of Calgary-based Sundial Growers Inc. ’s (NASDAQ: SNDL ) investment firm SunStream Bancorp Inc , which announced in Nov 2022 that it closed a $6.25M senior secured term loan to SKYMINT Brands.

Marketability 117

Marketability 117

Mckinsey and Company

MARCH 27, 2023

AI-enabled customer service is now the quickest and most effective route for institutions to deliver personalized, proactive experiences that drive customer engagement.

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Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Financial Times M&A

MARCH 10, 2023

Indian group has sought lenders’ approval for disposal as it tries to boost investor confidence after fraud claims

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Brian DeChesare

MARCH 8, 2023

If you want to work in the most cyclical role in the finance industry, it’s hard to beat commodity hedge funds. But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. Many of the largest hedge funds put commodity trading within their global macro strategies , but plenty of smaller funds, banks, and desks make it a separate category or focus on commodit

Finance 119

Finance Start-ups Banking Alpha 119

NYT M&A

MARCH 26, 2023

The billionaire bought the social media company for $44 billion in October and took it private.

Mergers & Acquisitions 145

Mergers & Acquisitions 145

Harvard Corporate Governance

MARCH 14, 2023

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Tuesday, March 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. This post is based on an ISS Corporate Solutions memorandum by Paul Hodgson, Senior Editor; Aditi Aier, Senior Associate; and Carmen Luk, Senior Associate at ISS Corporate Solutions.

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Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

Benzinga

MARCH 25, 2023

Activist fund Elliott Management is reportedly pursuing ailing movie theater chain Cineworld Group plc (OTC: CNNWQ ) (OTC: CNWGQ ). Paul Singer-owned Elliott is looking to buy Cineworld’s operations in eastern Europe and Israel, Sky News reported on Saturday. The fund was contemplating a bid for the whole of the U.K.-based. Full story available on Benzinga.

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Mckinsey and Company

MARCH 6, 2023

Design thinking is a systemic, intuitive, customer-focused problem-solving approach that organizations can use to respond to rapidly changing environments and to create maximum impact.

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ThomsonReuters

MARCH 16, 2023

Rev. Proc. 2023-17 (Mar. 9, 2023) Available at [link] The IRS has announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act. As background, applicable large employers (ALEs) may be liable for an employer shared responsibility penalty under Code § 4980H(a) if they fail to offer minimum essential coverage to a sufficient number of full-time employees.

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105

Avanade

MARCH 5, 2023

The potential in health and life sciences for ChatGPT and open AI, more generally called generative AI, is enormous, but like any other technology, we need to identify how to leverage it and how to get started.

Technology 105

Technology 105

Internal Audit 360

MARCH 2, 2023

GUEST BLOG POST A ssessing the level of any business risk is not nearly as simple as most appear to make it. Just look at any risk register or heat map (or “risk profile” in COSO language, which is the same thing) and you will see a single point for each source of risk’s potential effect and likelihood. That is simply wrong, as there is almost always a range of potential effects from an event (such as a decision), and each point in that range has its own likelihood.

Compliance 105

Compliance Marketability 105

Harvard Corporate Governance

MARCH 17, 2023

Posted by Larry Fink, BlackRock, Inc., on Friday, March 17, 2023 Editor's Note: Larry Fink is Founder, Chairman and CEO of BlackRock, Inc. This post is based on Mr. Fink’s annual letter to investors. Music plays a big role in my life. As a kid growing up in California, I used to go to the local record shop, buy a piece of vinyl and listen to the album on my record player.

Technology 327

Technology Marketability 327

Global Finance

MARCH 13, 2023

The FDIC’s sudden takeover of both Silicon Valley Bank and Signature Bank casts a shadow, no matter what you call it.

Banking 128

Banking 128

Mckinsey and Company

MARCH 29, 2023

The risk and ambiguity inherent in innovation can make employees shy away from it. Creating an innovation culture where risk-taking is embraced must start at the top.

Corporate Finance 141

Corporate Finance Finance 141

Equidam

MARCH 23, 2023

6 Tools to Help Close Your Round As a startup founder, one of the biggest challenges you’ll face is securing funding to get your business off the ground. Whether you’re seeking investment from venture capitalists or angel investors, there are a variety of tools and strategies you can use to make your fundraising efforts more effective. In this article, we’ll take a look at some of the most important tools you can use to enable fundraising for your startup.

Compliance 105

Compliance Equity Marketability 105

Business Wire M&A

MARCH 1, 2023

TULSA, Okla.--(BUSINESS WIRE)-- #CNB--Cherokee Federal strengthens its cybersecurity and IT federal contracting service offerings through the strategic acquisition of Criterion Systems.

Technology 105

Technology 105

Financial Times M&A

MARCH 17, 2023

Swiss authorities press for merger to stem crisis of confidence in country’s banking sector

Banking 145

Banking 145

Harvard Corporate Governance

MARCH 27, 2023

Posted by Lucian A. Bebchuk (Harvard Law School) , on Monday, March 27, 2023 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Related research from the Program on Corporate Governance includes Self-Fulfilling Credit Market Freezes by Lucian Bebchuk and Itay Goldstein.

Banking 279

Banking Market Capitalization Finance Marketability 279

Benchmark Report

MARCH 29, 2023

In M&A transactions, many sellers often think the hard work is over as soon as they have found the right buyer and gotten the offer of their dreams. Experienced dealmakers recognize this as the start of the hard work in the process rather than the finish line. After an agreed-upon offer, there is a full due diligence process wherein the purchaser will review the entire historical performance, tracking, and operations of the business to be bought, which in and of itself can be a monumental ta

Marketability 103

Marketability 103

Mckinsey and Company

MARCH 10, 2023

One of Europe’s top talent investors talks about his unique approach to backing companies before they exist and how to find the “edge” in a potential founder.

Technology 135

Technology 135

Avanade

MARCH 15, 2023

Avanade is using generative AI to help our clients inspire design; overhaul how internal knowledge is shared and discovered; reinvent mission-critical processes and much more.

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99

Global Finance

MARCH 30, 2023

With rising interest rates, out-of-control inflation and declining government support, 2023 marks the return of bankruptcies.

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119

Benzinga

MARCH 31, 2023

Last week, while the U.S. pummeled TikTok CEO Shou Zi Chew over its ties to China , ByteDance founder Zhang Yiming quietly flew to Arkansas to meet with the CEO of Walmart Inc (NYSE: WMT ). However, the topic of discussion between Yimimg and Walmart CEO Doug McMillon remains undisclosed, New York Post reports. Two years ago , Walmart had been in talks to partner with Oracle Corp (NYSE: ORCL ) to buy TikTok’s U.S. operations under pressure.

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98

Harvard Corporate Governance

MARCH 13, 2023

Posted by Alex Edmans (London Business School), on Monday, March 13, 2023 Editor's Note: Alex Edmans is Professor of Finance at London Business School. This post is based on his recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

Finance 278

Finance 278

Biz Equity

MARCH 29, 2023

The BizEquity Experience: It is with great excitement that the BizEquity Valuation Team would like to announce that we are working on a wide range of improvements and additions to our current base online business valuation offering which will be rolled out over the next few months or so. 1) New Owner Compensation Calculation Worksheet (easy access within the tool) to ensure proper and complete entries 2) New Presentation Option which will allow advisors to pick and choose which pages of the repo

Discounted Cash Flow 98

Discounted Cash Flow Business Valuation Marketability 98

Mckinsey and Company

MARCH 8, 2023

Using principles of operational excellence, empowering workforces, and adding digital processes to production can help companies achieve new levels of performance.

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130