July, 2023

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DOJ and FTC Release Draft of New Merger Guidelines

JD Supra: Mergers

The U.S. Justice Department (DOJ) and Federal Trade Commission (FTC) (collectively, the “Agencies”) released for public comment draft Merger Guidelines that outline how the agencies evaluate proposed deals. The Agencies have periodically updated their Merger Guidelines, with the last such update in 2010.

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DigitalOcean acquires cloud computing startup Paperspace for $111M in cash

TechCrunch: M&A

DigitalOcean , the cloud hosting business, today announced that it’s agreed to acquire Paperspace , a New York-based cloud computing and AI development startup, for $111 million in cash. DigitalOcean CEO Yancey Spruill says that Paperspace’s infrastructure and tooling, once integrated with DigitalOcean’s products, will enable customers to more easily test, develop and deploy AI applications.

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Bank of India becomes first bank to offer Mahila Samman Savings Certificate

Business Standard - FInance

Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

Banking 145
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Japan’s top lenders in fresh drive to win US investment banking deals

Global Banking & Finance

Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.

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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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HSBC’s head of artificial intelligence for markets departs for JP Morgan

The TRADE

HSBC’s head of artificial intelligence (AI) for markets and securities services has departed for rival bank, JP Morgan, The TRADE can reveal. Ash Booth joins JP Morgan as applied AI lead for markets operations after spending the last nine years with HSBC in data science roles. “We wish him all the best in his future endeavours and thank him greatly for his extensive contributions during his nine years with the bank and in particular the impressive leadership on artificial intelligence and machin

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Big Tobacco Bets Big On Cannabis

JD Supra: Mergers

Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.

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A Technical Look at IPSEC VPN Tunnel Creation

Cisco: M&A

Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.

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With rate increases, private equity loses some appetite for acquisitions

Private Equity Info

The number of private equity platform acquisitions and add-on acquisitions dropped significantly in 2023, showing the broad industry impact of recent Federal Reserve rate increases and other macroeconomic trends.

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UniCredit appoints new head of digital to replace Jingle after two years

Global Banking & Finance

UniCredit appoints new head of digital to replace Jingle after two years MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital and information, replacing Jingle Pang, the Italian bank said on Tuesday.

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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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AllianceBernstein becomes latest buy-side to set up shop in the Dubai International Financial Centre

The TRADE

AllianceBernstein (AB) has expanded its presence in the Middle East with a new office in Dubai International Financial Centre (DIFC), becoming the latest in a string of global asset management firms to set up shop in the region. The move comes as part of AB’s strategic plan to strengthen its presence in the Middle East. AB has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in the DIFC.

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JDE Peet’s to expand its emerging markets presence through the intended acquisition of Maratá’s coffee & tea business in Brazil

Global Newswire by Notified: M&A

PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024.

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Broad Street Brief: Council Pres. Race; Kingsessing 911 Error; Bus Frustrations

JD Supra: Mergers

Race for City Council President- Although the upcoming November City Council elections are just around the corner, experts have already changed gears and are looking ahead to the January 2024 council president race eager to see who will succeed the outgoing Council President Darrell Clarke.

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Trusted Training for Trusted Solutions: Cisco Validated Framework Tutorials on Cisco U.

Cisco: M&A

There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.

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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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Breaking New Ground: Razorpay becomes first Indian startup to launch international payment gateway with Curlec

Razorpay

We have always believed that simplifying payments is a universal problem. Businesses across the world grapple with the same question: how can my payments experience be simpler, faster, and more efficient? At Razorpay, we took this challenge head-on in India, solving for tens of thousands of growing businesses as they embraced a bold, new digital future.

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Sainsbury’s says UK food inflation falling as sales rise

Global Banking & Finance

Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales.

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BNP Paribas reports overall revenue increase in Q2, despite slowdown in FICC

The TRADE

BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a

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Shares of this retailer could get a boost if the 'Barbie' movie is a hit

CNBC: Investing

"Barbie could generate enough buzz via social media and other avenues to drive incremental traffic to FIVE and incremental spend in the process," Roth MKM said.

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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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Branching out to bring banking to the people

World Finance

The new Banreservas offices opening in Madrid, New York and Miami will provide banking services to the diaspora as well as giving support for exports

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Who Employs Your Doctor? Increasingly, a Private Equity Firm

The New York Times: Mergers, Acquisitions and Dive

A new study finds that private equity firms own more than half of all specialists in certain U.S. markets.

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Rev Up and Race to Recertification with 56 Free Continuing Education Credits

Cisco: M&A

Buckle up, Cisco certification holders: It’s time to hit the t urbo boost button and race to recertification.

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UK demands better deal for drivers in road fuel market

Global Banking & Finance

UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019.

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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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Clearwater Analytics to launch new generative artificial intelligence solution for investment management

The TRADE

Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.

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Ron Baron has a rare long-term record of beating the market. Here's how he did it

CNBC: Investing

"Investing for the long term in competitively advantaged growth businesses managed by exceptional executives. That's our strategy," Baron said.

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Nicholas Hungerford, co-founder of Nutmeg, dies at 43

American Banker - Investment Banking

The U.K. entrepreneur died from a rare form of bone cancer, which he was diagnosed with at the start of 2020.

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The Ridiculous Medical Bill Brought to You by the Latest Hospital Merger

The New York Times: Mergers, Acquisitions and Dive

Undoing hospital monopolies may be a lost cause.

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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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UBS goes on hiring spree for wealth managers catering to rich Americans

Global Banking & Finance

UBS goes on hiring spree for wealth managers catering to rich Americans By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after the takeover of Credit Suisse.

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Amazon rolls out first European Rivian vans in Germany

Global Banking & Finance

Amazon rolls out first European Rivian vans in Germany By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday.

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Arrival, Nikola signal more pain for EV startups

Global Banking & Finance

Arrival, Nikola signal more pain for EV startups (Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery unit, the companies said on Monday, amplifying concerns over the struggles electric vehicle (EV) startups face in building scale.

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