Fri.Jun 23, 2023

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SPAC Litigation Mid-Year Update: Delaware Opens the Gates

JD Supra: Mergers

With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get financing now that the PIPE (private investment in public equity) market has dried up? How long will it really take to get the deal closed, now that target companies are not easy to come by and every deal seems to need an extension?

IPO 246
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JP Morgan to pay $4 million civil monetary penalty to SEC for mistakenly deleting 47 million emails

The TRADE

JP Morgan was ordered to pay a $4 million civil monetary penalty by the US Securities and Exchange Commission (SEC) on Thursday following findings from the watchdog that found that it had mistakenly deleted 47 million emails. According to the SEC’s order, in June 2019, JP Morgan employees “erroneously” deleted electronic communications – some 47 million emails – from the first quarter of 2018, believing that the documents were coded in a way to prevent permanent deletion due to written communica

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Fund finance market—adapting to change

JD Supra: Mergers

Following a period of rapid growth, the fund finance market has reached an inflection point. Once considered a small, esoteric area of the lending landscape, fund finance—loan facilities secured against investor commitments to private equity (PE) funds and/or fund assets—has grown into a global market worth more than US$600 billion during the last decade, according to asset manager abrdn.

Finance 245
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India and UK regulators close to resolving clearing house impasse

Business Standard - FInance

The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries

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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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Re-fencing: the pitfalls, and opportunities, of M&A for ring-fenced banks

JD Supra: Mergers

The UK’s bank ring-fencing regime puts barriers in the way of mergers and acquisitions by ring-fenced bodies. The government has recently evidenced its intention to relax these, both as part of its review of the regime generally and, during times of crisis, for specific acquisitions. Please see Publication below for more information.

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IT outsourcing for financial services companies: key benefits

Global Banking & Finance

IT outsourcing for financial services companies: key benefits By Oksana Wojtkiewicz, Head of Sales & Marketing at Solwit For over 15 years, Oksana has advised clients on the most effective technology solutions to take their businesses to the next level. Among her portfolio are dozens of successfully-completed projects for Scandinavian and Polish clients.

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Antitrust: DOJ Overhauls Approach to Bank Mergers

Deal Lawyers

In a speech delivered earlier this week, DOJ Antitrust chief Jonathan Kanter announced that the DOJ will consider a wider range of potential competitive harms in its analysis of bank mergers than those set forth in its 1995 bank merger guidelines.

Mergers 100
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Public Company Watch: June 2023

JD Supra: Mergers

In the June edition of our Public Company Watch, we cover key issues impacting public companies, including the first cryptocurrency insider trading enforcement action settled by the SEC based on specific allegations that digital assets on a secondary platform were securities; an update on general trends and notable contests for activist campaigns in Q1 2023; and the final timeline for adopting clawback policies.

Trading 130
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Learning Partners and Cisco Certifications Turn Wishes to Solid Plans

Cisco: M&A

Antoine de Saint-Exupéry, poet, author, and WWII hero fighter pilot, once said, “ A goal without a plan is just a wish. ” It’s so true.

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HUB Talks Presents: A Conversation on M&A with Jim Freund

JD Supra: Mergers

In this episode of HUB Talks Presents, Corporate partner David Edgar discusses the ins and outs of mergers and acquisitions (M&A) law with well-known industry leader, Jim Freund. The two look back at Jim’s journey as an M&A lawyer; explore the themes in his book, Anatomy of a Merger; and list a few of his top M&A tips.

M&A 130
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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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Deutsche Bank says this A.I. winner could be in trouble after its latest investor day

CNBC: Investing

The bank on Friday reiterated a sell rating the stock, with a $16 per share price target. Deutsche Bank's forecast calls for a 57% drop over the next 12 months.

Bank 98
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Valuation Trends in Private Equity, Nephrology, Dialysis, Value-Based Care and Outpatient Labs

JD Supra: Mergers

Valuations, and how a business reacts to them, directly impact a business’s ability to complete successful transactions. In the healthcare sector, compliance with federal and state laws against self-referral and kickbacks and require entities to ensure that the compensation arrangements within the proposed transaction are within the range of fair market value.

Valuation 130
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Here’s where advisors are hunting for yield and portfolio diversification, Bank of America finds

CNBC: Investing

Alternative investments still have a place in portfolios for the long term, advisors said.

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A spotlight on shareholder value spurs Japanese M&A

JD Supra: Mergers

M&A in Japan has remained steady since the outlier spike in activity in Q4 2021, with that momentum continuing in the first months of this year. In Q1 2023, there were 196 deals, almost exactly matching the 192 total in the prior quarter.

M&A 100
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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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Tesla bull Ron Baron sees stock gaining 89% in 2 years. Here's how to play it

CNBC: Investing

Pros on CNBC discuss Tesla as Ron Baron predicts its shares will hit $500 in 2025.

IT 98
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Moody's affirms Yes Bank's ratings, financial performance to remain stable

Business Standard - FInance

Moody's Investors Service on Friday said it has affirmed Yes Bank's ratings on the back of expectation that its financial performance will remain stable over the next 12-18 months. The long-term foreign and local currency bank deposit ratings and foreign currency issuer rating has been affirmed at 'Ba3', with a stable outlook. "The rating affirmation and stable outlook is driven by the improvement in India's macro profile to 'moderate+' from 'moderate', along with Moody's expectation that Yes Ba

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Grindr went public 7 months ago. Here's what's happened since then

CNBC: Investing

The company going public on the stock market was initially cheered as a step forward for inclusion.

Stock 98
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Inflation is slowing down personal consumption expenditure: RBI paper

Business Standard - FInance

Inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank paper on Friday. The paper, authored by a team led by RBI Deputy Governor Michael Debabrata Patra, underlined the need for lowering inflation to revive consumer spending and boost corporate revenues and profitability.

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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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Investor Ron Baron says the Dow will reach 900,000 over the next 50 years because of faster growth

CNBC: Investing

The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor Ron Baron.

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Regulator IRDAI approves transfer of HDFC Life shares to HDFC Bank

Business Standard - FInance

HDFC announced a $40 billion deal last year to merge with the top private lender

Bank 98
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Ron Baron says Tesla shares will hit $500 in 2025

CNBC: Investing

Longtime Tesla bull Ron Baron sees the EV maker surging 89% in the next couple of years — and even higher by 2030.

Shares 98
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How Secure Network Analytics 7.4.2 delivers world-class NDR

Cisco: M&A

Cisco is dedicated to providing genuine added value to customers, and we believe our new version of Secure Network Analytics (SNA) – software release 7.4.2 – more than drives that point home.

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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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These elite dividend stocks generate big income for investors

CNBC: Investing

Investors seeking safe income with the potential for upside entering a tricky second half for the economy may find these elite dividend stocks attractive.

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Car insurance: Add-on options can save your vehicle from monsoon damage

Business Standard - FInance

It is important for policyholders to understand that standard car insurance policies might not provide adequate coverage for specific monsoon-related perils

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This German drug stock can rally more than 40% thanks to its A.I. potential, Morgan Stanley says

CNBC: Investing

The bank upgraded Evotec to overweight from equal weight. It also hiked its price target on U.S.-listed shares to $16 from $12.

IT 98
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Introducing Black Belt Academy’s New Flexible Validation Criteria

Cisco: M&A

The goal of Cisco’s Black Belt Academy is to provide our partners with an efficient and effective role-based learning journey, which is presented in two or three sequential Stages.

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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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Amazon and 2 discount retailers shine this week even as the S&P 500 struggles

CNBC: Investing

CNBC Pro screened for the best performers this week.

S&P 98
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India's forex reserves rise to $596.10 billion in week to June 16

Business Standard - FInance

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.

Trading 98
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Wells Fargo downgrades this athletic wear stock, cites 3 major headwinds

CNBC: Investing

The bank downgraded shares of the athletic clothing company to equal weight from overweight Friday.

Stock 98
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Apple to launch credit card in India, in talks with NPCI for Apple Pay

Business Standard - FInance

Apple credit card: The iPhone maker is also holding talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?