November, 2023

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JPMorgan Chase discloses multiple investigations by U.S. regulators

American Banker - Investment Banking

Regulators are looking into practices within JPMorgan's securities arm and investigating parts of its trading operations, according to a regulatory filing by America's largest bank.

Banking 132
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Airbnb acquires secretive firm launched by Siri co-founder

TechCrunch: M&A

Airbnb has acquired a secretive new AI startup, GamePlanner.AI, the company announced this morning. CNBC reports that the purchase price was around $200 million, a figure that TechCrunch was unable to confirm at publication time. GamePlanner was co-founded by Adam Cheyer and Siamak Hodjat. Cheyer famously helped co-launch the startup Siri, which Apple acquired and […] © 2023 TechCrunch.

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Could digital assets help expand capital raising?

Accenture Capital Markets

At Accenture’s capital markets team, we’ve completed a research project into the future of capital raising. We discussed some of the findings at a breakfast during Sibos , and I thought, I would share some of the headlines in this blog. The results should be of interest for anyone in the industry—for both public and private markets. More so, I suspect people most interested may be small-cap issuers, many of whom currently seem to struggle to raise the capital in the way that best suits their nee

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Distressed sales likely to rise in Europe’s troubled real estate sector

JD Supra: Mergers

The European real estate sector is enduring a period of turbulence not seen since the 2008 financial crisis. Industry players are dealing with a confluence of stubbornly high interest rates, falling valuations, rising energy and construction costs, and increasingly expensive financing.

Sale 287
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Music Licensing Giant BMI Sells to Private Equity Firm

The New York Times: Mergers, Acquisitions and Dive

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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Activist investor ValueAct has been building a stake in Disney

CNBC: Investing

ValueAct began buying Disney this summer during the Hollywood strikes and it is now one of the investor's largest positions, the Activist Spotlight has learned.

Investors 145
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SpaceX acquires parachute company for $2.2M – because it turns out space-rated parachutes are very hard

TechCrunch: M&A

SpaceX is known for its vertical integration, but one component it’s been outsourcing is parachutes — until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm […] © 2023 TechCrunch.

IT 336
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IoT Transportation Leadership Summit: Innovation on the Move

Cisco: M&A

Across the United States, local communities, transportation departments, and transit, port, and turnpike authorities are seeking new and better ways to deliver on their mission-critical objectives to… Read more on Cisco Blogs

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Financial Sanctions—Ten Key Due Diligence Principles

JD Supra: Mergers

This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus of this second part is on due diligence.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’

The New York Times: Mergers, Acquisitions and Dive

The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.

IT 144
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How Does the World’s Largest Hedge Fund Really Make Its Money?

The New York Times: Banking

Ray Dalio’s investing tactics have always been a closely kept secret, even inside Bridgewater Associates. Several years ago, some of Wall Street’s biggest names set out to discover his edge.

Funds 140
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Warren Buffett has been selling stocks including Chevron and hoarding a record level of cash

CNBC: Investing

Thanks to a surge in bond yields, Berkshire's cash, which was mainly parked in short-term Treasury bills, grew to a record level of $157.2 billion.

Stock 145
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Ford snaps up EV power startup to boost its charging tech

TechCrunch: M&A

Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech. The secretive energy startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers publicly. Following the deal, Los Angeles-based […] © 2023 TechCrunch.

IT 326
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Jefferies to launch new multi-asset trading platform

The TRADE

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The aim of the platform is to streamline multi-asset trading, reducing the number of accounts and apps used across asset classes by “providing clients with an intuitive and advanced platform with a superior trading experience across each of the tradable markets, all from one portal that can be accessed via a mobile app and web platforms”.

Trading 117
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Metaverse Market Size to Surpass USD 3409.29 Billion by 2027, exhibiting a CAGR of 69.2%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period. As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period.

Business 115
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Six Flags Merges With Cedar Fair, a Rival Amusement Park

The New York Times: Mergers, Acquisitions and Dive

The deal would generate more than $3 billion in revenue for the companies, they projected in a statement. The merger comes after years of financial challenges for Six Flags.

Mergers 122
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Why banks are suddenly closing down customer accounts

The New York Times: Banking

Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Jim Chanos, the short seller who called Enron's fall, is converting hedge fund to a family office

CNBC: Investing

The veteran investor, known for his bets against Tesla and Enron, will convert his hedge fund to a family office and advisory business, CNBC has learned.

Funds 144
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The office is back: Is this the end of hybrid working?

Global Banking & Finance

The office is back: Is this the end of hybrid working? By Tom Skinner, Managing Director, Go Up It’s official — the office is back. After years of implementing remote and then flexible working models post-Covid, more and more businesses — including SMEs — are enacting return-to-office policies.

Business 111
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Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading

The TRADE

Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. Of these respondents, 26% also highlighted streamlined or enhanced workflows and strategy customisation as key factors.

Trading 113
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Capstone Strategic Advises Achieva Credit Union on the Purchase of Cannella Insurance Services

Successful Acquisitions

Capstone Strategic Advises Achieva Credit Union on the Purchase of Cannella Insurance Services Capstone Strategic, Inc. (Capstone) announced today that Achieva Credit Union of Dunedin, Florida recently acquired Canella Insurance Services of Tampa. The acquisition took place through Achieva’s credit union service organization, Achieva Insurance Agency.

Insurance 110
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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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How David Zaslav Blew Up Hollywood

The New York Times: Mergers, Acquisitions and Dive

A merger put him in the driver’s seat at Warner Brothers, one of the industry’s biggest studios. It has been a wild ride.

Mergers 145
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 135
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Goldman Sachs says investors should go long on commodities, sees 20% upside

CNBC: Investing

Goldman recommends what it calls a 2024 deficits basket, going long on energy excluding natural gas and on industrial metals, excluding nickel and zinc.

Investors 144
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Powering up in harsh environments: Five questions to ask before selecting the right industrial PoE switch

Cisco: M&A

When it comes to cables, less is more. With power over ethernet (PoE) , ethernet cables do double duty, carrying DC power as well as data.

IT 116
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Wells Fargo taps Credit Suisse for new senior securities sales trading specialist

The TRADE

Wells Fargo has appointed Jon Thorne as senior securities sales trading specialist, The TRADE can reveal. According to a post on social media, Thorne joins Wells Fargo from Credit Suisse, where he spent 13 and a half years. Most recently, Thorne served as a listed sales trader – a position he held for almost 11 years. Elsewhere during his tenure at Credit Suisse, Thorne held a FX and futures execution position as well as a FX prime brokerage role.

Sale 113
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Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Financial Times - Banking

Kate Shiber says Centerview Partners improperly fired her over sleep requirements necessitated by mental illness

Bank 120
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Disney Says It Will Take Full Control of Hulu

The New York Times: Mergers, Acquisitions and Dive

The company will pay at least $8.61 billion to Comcast, which owned a 33 percent stake of the popular streaming service.

IT 142