Sat.Jun 22, 2024 - Fri.Jun 28, 2024

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The First Bank to Collapse in 2024: What Led to the Failure of Republic Bank

JD Supra: Mergers

The first bank to meet its demise in 2024 is smaller than its 2023 counterparts. In 2023 we saw Silicon Valley Bank (“SVB”) and First Republic Bank (“First Republic”) fail. The most recent bank to experience a failure bears a striking resemblance – in name only – to one of these banks.

Bank 294
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Nubank acquires AI-for-banks startup Hyperplane

TechCrunch: M&A

Hyperplane focused on allowing banks to train their own models to power tools across their risk, collections and marketing departments. © 2024 TechCrunch. All rights reserved. For personal use only.

Bank 261
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Career Satisfaction – Is Happiness Enough?

H. Friedman Search

“Do you know what the number one response recruiters get when they ask anyone about their desire to hear about new opportunities? Yup, “I’m happy here.” So, I must assume that everyone that we speak to – as recruiters – is experiencing perfect career satisfaction in their current position, but you and I both know that is not the case.

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Acquisitions and E-Commerce: A Success Story from QVC Sales to Disc Golf Entrepreneurship

How2Exit

E225: Acquisitions and E-Commerce: A Success Story from QVC Sales to Disc Golf Entrepreneurship - Watch Here About the Guest(s): Martin Bispels : Martin Bispels is a seasoned entrepreneur and marketing expert with extensive experience in e-commerce, sales, and business development. Starting his career at QVC in TV production and sales, Martin has a rich background in understanding consumer behavior.

Sale 130
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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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Court of Chancery Issues First Dismissal of a SPAC Disclosure Complaint

JD Supra: Mergers

In January 2022, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a groundbreaking opinion in In re MultiPlan Corp. Stockholders Litigation that paved the way for SPAC stockholders to bring direct breach of fiduciary duty claims against SPAC boards and sponsors. In the ruling, the court clarified that “well-worn fiduciary principles” under Delaware law would apply to SPAC board decisions.

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Delaware Amendments: The Return of the Dead Hand Pill?

Deal Lawyers

If you’ve been paying attention to the debate over the 2024 Delaware DGCL amendments, one thing that seems pretty clear is that a lot of stuff we all thought was settled long ago is once again up for grabs. Take “dead hand” poison pills, for example.

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How Pet Care Became a Big Business

The New York Times: Mergers, Acquisitions and Dive

People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.

Business 145
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In re Weinstein and Mallinckrodt: Implications for Royalty Financings, M&A Earn-Outs, and Other Transactions Involving Future Payment Obligations

JD Supra: Mergers

Deal structure matters, particularly in bankruptcy. The Third Circuit recently ruled that a creditor’s right to future royalty payments in a non-executory contract could be discharged in the counterparty-debtor’s bankruptcy. The decision highlights the importance of properly structuring M&A, earn-out, and royalty-based transactions to ensure creditors receive the benefit of their bargain — even (or especially) if their counterparty later encounters financial distress.

M&A 274
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CME Group expands Google Cloud partnership to launch new futures and options platform

The TRADE

CME Group has enhanced its partnership with Google Cloud as it plans for a new private cloud region and co-location facility in Illinois aimed at bolstering its markets offering for futures and options. Terry Duffy The plan is to build a new private Google Cloud region to support CME Group’s global trading, offering derivatives traders access to “cloud-based, ultra-low-latency networking and high-performance computing”.

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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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No, Delaware Judges Aren’t “Sending Companies Packing” for Texas

Deal Lawyers

The Hill recently published an opinion piece by a Texas lawyer who breathlessly announced that Delaware’s “activist judges” were “sending companies packing for states like Texas.” As UCLA law professor Stephen Bainbridge points out in his blog, that’s just not the case: In total, there are almost 400,000 companies incorporated in Delaware.

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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian

The New York Times: Mergers, Acquisitions and Dive

VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

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Proposed "Outbound Investment" Regulations Target Transactions Involving PRC Semiconductor, Quantum, and AI Businesses

JD Supra: Mergers

New Regulations Will Require Additional Diligence for a Broad Array of Transactions, Including Many Investments in U.S. and Global Businesses - On June 21, 2024, the U.S. Treasury Department (Treasury) issued a Notice of Proposed Rulemaking (NPRM) to implement the “Outbound Investment” Security Program. This program was mandated by President Biden’s Executive Order on August 9, 2023.

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Beyond the Data: Hedge funds loving their algos more than ever before

The TRADE

The past year has seen vast improvement across the algorithmic trading space when it came to hedge funds’ strategies, new data from The TRADE has found. In fact, overall, 2024 has proved to be a banner year for algorithmic trading providers, with the overall rating for performance sitting at 5.86 – significantly higher than 2023 and demonstrating the highest survey average from hedge fund respondents since we began tracking their results separately in 2016.

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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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Antitrust: The DOJ & FTC Invite the Public to “Drop a Dime” on Roll-Ups

Deal Lawyers

The DOJ and FTC are extending a cordial invitation to the public to drop a dime on “serial acquirers” whose deals may have harmed competition.

Trading 124
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Transforming a Global Bank’s Customer Contact Centre Operations Through Maveric Systems’ AI-Powered Solution

Global Banking & Finance

Transforming a Global Bank’s Customer Contact Centre Operations Through Maveric Systems’ AI-Powered Solution By Kishan Sundar, Senior Vice President, Chief Technology Officer – Key Accounts, Maveric Systems Limited In the competitive banking landscape, customer service quality is a crucial differentiator. Poor customer service is the primary reason customers switch banks.

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Insights – June 2024

JD Supra: Mergers

Explore the unique considerations for mergers and acquisitions in the AI sector, the return of IPOs, the implications of new Supreme Court decisions and other developments in this edition of Skadden’s quarterly Insights.

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Fearing Losses, Banks Are Quietly Dumping Real Estate Loans

The New York Times: Banking

If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

Bank 140
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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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The Rise of Minority Investments for PE & Strategics

Deal Lawyers

A recent Womble Bond Dickinson memo says that private equity funds and strategic investors are increasingly interested in taking minority positions in target companies.

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Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says

CNBC: Investing

The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year's rate.

Sale 138
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[Audio] The Best of Founder Shares: Highlights Wisdom of Season's Guests

JD Supra: Mergers

At the end of every Founder Shares episode, host Trevor Schmidt poses the question, “If there's one piece of advice that you would share with somebody who's thinking about starting a company or who's currently running their company, what would that advice be?” In this "Best Of" episode of Founder Shares, that question is answered with a collection of insightful advice from various founders and professionals who have graced the show throughout the season.

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Cisco Unveils Workflows in Cisco Networking Cloud for Secure Network Automation

Cisco: M&A

Announcing Cisco Workflows, which effortlessly scales across millions of endpoints worldwide while ensuring unmatched security and seamless integration with hybrid cloud environments. Leveraging our cloud connect technology, our platform automates operations across public cloud and on-premises assets, offering unparalleled flexibility and efficiency.

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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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International Petroleum Corporation Announces Results of Normal Course Issuer Bid

Global Newswire by Notified: M&A

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 243,850 IPC common shares (ISIN: CA46016U1084) during the period of June 17 to 21, 2024 under IPC’s normal course issuer bid / share repurchase program (NCIB).

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Analysts love these cheap dividend-paying stocks heading into the second half

CNBC: Investing

CNBC Pro screened for dividend-paying names that are trading at a discount and are rated buy or overweight by at least 60% of the analysts covering the stock.

Stock 116
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What Is the Difference Between Pre-Packaged and Pre-Negotiated Bankruptcy Plans, and What Are Restructuring Support Agreements? - Creditor’s Rights Toolkit

JD Supra: Mergers

Unlike traditional Chapter 11 “free fall” bankruptcy cases, some debtors enter bankruptcy with pre-packaged or pre-negotiated plans, offering major advantages such as reduced case length. These plans, largely drafted and agreed upon prior to filing, can expedite case resolution from over a year to mere weeks. Furthermore, these cases often provide greater certainty in outcome due to required buy-in from key creditor groups.

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An Artificially Intelligent Peer Reviewer Arrives

Cisco: M&A

How should network engineers be thinking about and using AI right now, and what to could they expect for the future? Here, we focus on one surprising use case that I found to be a bit exciting: Using AI to peer review your work. Buckle up, and let's check it out.

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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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The Fed’s Preferred Inflation Measure Cools, Welcome News

The New York Times: Banking

The economy appears to be downshifting and price gains are moderating, as Federal Reserve officials creep closer to beating inflation.

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Retail traders came out in force to buy the recent dip in AI darling Nvidia

CNBC: Investing

Main Street investors took Nvidia's recent sell-off as a buying opportunity, snapping up shares of the dominant artificial intelligence chipmaker.

Retail 118
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US Capital Markets Midyear Report: The Revival of IPOs and a Possible Turning Point

JD Supra: Mergers

As a testament to the U.S. capital markets’ resilience and ability to adapt, IPOs, debt markets and mergers and acquisitions (and related financings) have shown substantial increases over 2023. Activity to date in 2024 indicates that this year could be the start of a positive turning point, though volatility is likely to continue as markets anticipate and react to continued global and economic factors.

IPO 177