October, 2024

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The Power of Preferred Stock: A Primer for VC, PE, and Founders

JD Supra: Mergers

Preferred stock is a key financing instrument in the world of private equity (PE) and venture capital (VC), frequently used to balance the interests of investors and founders. Issued by corporations, preferred stock confers specific rights and privileges — often outlined in the company’s certificate of incorporation — making it distinct from common stock.

Stock 286
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Stripe in talks to acquire Bridge for $1 billion

TechCrunch: M&A

Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […] © 2024 TechCrunch.

Investors 303
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How Apple's China suppliers could actually benefit from U.S. trade tensions, according to JPMorgan

CNBC: Investing

After looking at global trade shifts, JPMorgan strategists have concluded a few of Apple's Chinese suppliers could benefit from supply chain diversification.

Trading 137
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The future trading desk is cloud-driven

The TRADE

Cloud was a key focus area within a panel discussion on the next stage of data integration and analysis that took place last week at the Fixed Income Leaders Summit (FILS), with the advancement said to have the potential to help enhance execution performance. Data has increasingly become available for trading teams, however, as discussed among other panels at the conference, it is only beneficial if clean and appropriate.

Trading 117
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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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Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal

CNBC: Investing

Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.

More Trending

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Foreign Investment and National Security: Navigating Heightened Scrutiny of US, EU and UK Cross-Border Deals

JD Supra: Mergers

As geopolitical tensions ratchet higher across the globe – fueled by the ongoing conflict in Ukraine, turbulent relations between China, the United States (US), and Europe, escalating conflict in the Middle East, and increased governmental efforts to promote industrial resilience through 'onshoring' and 'friendshoring' of supply chains – countries are increasingly placing national security concerns at the forefront of their trade and investment policymaking endeavors.

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Indian fintech Slice seals bank merger

TechCrunch: M&A

Indian fintech startup Slice said it has completed its merger with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s tightly regulated banking sector. The merger, first proposed last year, transforms the Bengaluru-based startup into a banking entity, following months of regulatory scrutiny. Slice, which gained prominence by issuing […] © 2024 TechCrunch.

Mergers 294
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How Intel Got Left Behind in the A.I. Chip Boom

The New York Times: Mergers, Acquisitions and Dive

Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.

IT 134
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The 20 greatest trading innovations

The TRADE

Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. Brought to market in the early 2000s, the sometimes combined and sometimes separated systems were designed to enhance the previously manual processes associated with managing and executing orders.

Trading 118
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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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U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse

CNBC: Investing

Ripple CEO Brad Garlinghouse is a big cynic on U.S. crypto regulation, but highly optimistic about the post-election environment around the corner.

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Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.

The New York Times: Banking

Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout.

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Customer information sharing in the Economic Crime and Corporate Transparency Act key points for firms

JD Supra: Mergers

Quicker and easier sharing of customer information relating to economic crime concerns between firms in the UK financial sector has been encouraged by provisions in the Economic Crime and Corporate Transparency Act 2023 (Act), which came into force on 15 January 2024. The UK Government published accompanying guidance in October 2024. We explore the key features of the new information sharing gateways.

Economics 289
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Permira completes Squarespace acquisition after upping bid to $7.2B

TechCrunch: M&A

Website builder Squarespace is no longer a publicly traded company, after private equity firm Permira procured all remaining common stock in the firm. Permira first revealed plans to acquire Squarespace back in May, offering shareholders in the NYSE-traded company $44 per share — this equated to an equity valuation of $6.6 billion, and an enterprise […] © 2024 TechCrunch.

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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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Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

The New York Times: Mergers, Acquisitions and Dive

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Mergers and Inquisitions

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. The main problem is that many people enter corporate finance jobs without truly understanding them. Corporate finance is fine if you’re in it to advance up the ladder over many years/decades while having a reasonable work/life balance.

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Luxury stocks may be a risky China stimulus bet

CNBC: Investing

Chinese consumer spending once powered luxury companies to all-time highs. With sluggish economic growth, the outlook for the sector might not be the same.

Economics 143
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Our Housing Crisis Has Its Roots in the Financial Crisis

The New York Times: Banking

Well-meaning regulations and reforms intended to prevent another financial crisis has pushed millions of affordable homes out of the reach of everyday buyers and into the coffers of investors.

IT 139
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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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Treasury and IRS Release Proposed Corporate Alternative Minimum Tax Regulations

JD Supra: Mergers

On September 13, 2024, in the Federal Register, the Treasury and IRS published proposed regulations implementing the corporate alternative minimum tax (“CAMT”). Its 182 pages (including 62 pages of preamble) describe a parallel corporate tax system that largely draws from existing rules governing financial and tax accounting, but that may be unfamiliar to experts in each by its combination of the two.

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Subscription management firm Zuora agrees to be acquired for $1.7B

TechCrunch: M&A

Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion. The all-cash deal is expected to close in Q1 2025, subject to approvals and customary closing conditions. It’ll take Zuora, which is currently publicly traded, private.

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How TikTok Saved Its E-Commerce Business in Indonesia

The New York Times: Mergers, Acquisitions and Dive

When the government effectively forced TikTok to shut down its Shop feature, the company quickly struck an unusual deal with a local company to bring it back.

IT 110
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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time

Mergers and Inquisitions

“Why investment banking?” is not only one of the most common questions in interviews but also one of the most incorrectly answered ones. An older version of this article from ~15 years ago addressed this question, and you can find dozens of other articles that suggest answers. But most coverage suggests generic answers about wanting to learn a lot, liking financial analysis or valuation, or wanting to “understand different industries.

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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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South Fork Wind offers a glimpse at what's possible as offshore wind power projects struggle to gain traction

CNBC: Investing

The first commercial-scale offshore wind farm in the U.S. is now connected to the grid, but the industry faces an uncertain future, plagued by high costs.

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Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

The New York Times: Banking

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.

Mergers 130
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Comprehensive WARN Act FAQ for Employers in the Energy Sector

JD Supra: Mergers

The US energy sector’s ongoing consolidation wave, which saw $250 billion worth of deals in 2023 and continues into the current year, is reshaping the industry landscape. As companies seek to deploy cash reserves and enhance their oil and gas portfolios, mergers and acquisitions (M&A) have become increasingly common.

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Support automation firm Capacity grows with new cash and acquisitions

TechCrunch: M&A

David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D. […] © 2024 TechCrunch.

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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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Truist gets boost from investment banking

American Banker - Investment Banking

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter.

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Nasdaq to process risk calculations up to 100 times faster through integration of AI

The TRADE

Nasdaq has integrated AI into its Calypso platform to enhance bank and insurance risk calculations, in a move set to process risk calculations up to 100 times faster. Gil Guillaumey The offering offers new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning. As well as improving execution time, the offering will also reduce costs, said Nasdaq.

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India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally

CNBC: Investing

India's stock market surge in recent years has investors viewing the country as an emerging market poised for long-term outperformance now more than ever.

Investors 143