TechCrunch: M&A

JUNE 22, 2023

Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash. X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. The company announced its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation.

Valuation 319

Valuation Underwriting IT Business 319

H. Friedman Search

JUNE 22, 2023

The truth is that change is in the air. This seems to be a repeating theme over the last couple of months and those that are prepared for this will weather the storm if it comes upon them. Over the last few weeks, our phones have been ringing with the same theme, “I never saw this happening, but I was let go.” This is not just happening at the junior level; it’s now happening at the senior level in all positions in public finance.

Recruitment 246

Recruitment Finance Finance IT 246

JD Supra: Mergers

JUNE 22, 2023

With interest rates no longer at historic lows, private equity firms are finding it difficult to cheaply leverage their investments, causing valuations to fall. This has left profitable, healthy businesses that would ordinarily be obvious private equity targets in a “wait and see” position as they pause for a rebound in valuations.

Private Equity 159

Private Equity Valuation Profitability Equities 159

Global Banking & Finance

JUNE 22, 2023

Nasdaq expects expanded markets to justify $10.5 billion Adenza merger price tag By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology.

Mergers 138

Mergers Risk Management Management IT 138

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Business

JD Supra: Mergers

JUNE 22, 2023

The EU Foreign Subsidies Regulation (“FSR”) entered into force on 12 January 2023 and will start to apply from 12 July 2023. Under the FSR, the European Commission (“Commission”) will have powers to intervene against distortions to competition in the EU internal market caused by companies active in the EU that benefit from foreign subsidies. A new notification regime will be introduced for certain M&A transactions and public tenders that is independent from current EU/national merger control

M&A 137

M&A Mergers Trading 137

Deal Lawyers

JUNE 22, 2023

The May-June issue of the Deal Lawyers newsletter was just posted and sent to the printer.

M&A 133

M&A 133

JD Supra: Mergers

JUNE 22, 2023

At a Brookings Institution event on June 20, Assistant Attorney General Jonathan Kanter, a top antitrust official for the U.S. Justice Department (DOJ or Department), announced that the Department will reassess its approach to bank merger enforcement given current market realities. Specifically, the Department will assess whether the factual and economic assumptions underlying its 1995 Bank Merger Guidelines are adequate to measure today’s competition.

Mergers 130

Mergers Bank Banking Economics 130

Business Standard - FInance

JUNE 22, 2023

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

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JD Supra: Mergers

JUNE 22, 2023

Environmental, social and governance (ESG) has become a megatrend in mergers and acquisitions and is here to stay. ESG itself is a wide capture-all definition, with "E" recognised as relating to environmental matters (such as climate change, pollution and use of fossil fuels and renewables). "S" primarily includes social issues such as diversity and inclusion, the gender pay-gap, human rights and modern slavery.

Mergers and Acquisitions 130

Mergers and Acquisitions M&A Government Corporation 130

The TRADE

JUNE 22, 2023

SIX Swiss Exchange has tapped a former Berenberg senior electronic trader to replace departing head of equity sales for UK and Ireland, Jennfier Hlad, when she departs in the coming months, The TRADE can reveal. Alexandra Roby will take up the role after most recently spending the last two and a half years at Berenberg as a senior electronic trader, departing in November last year.

Electronics 105

Electronics Medical Sale Equities 105

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.

Bank

JD Supra: Mergers

JUNE 22, 2023

With the passage of SB-184 (the “Bill”), California — like Maine, New York, and several other states — has addressed “pervasive” mergers and acquisitions across the healthcare industry by requiring prior notice to regulators of certain healthcare transactions.

Healthcare 130

Healthcare Mergers and Acquisitions Mergers Acquisitions 130

CNBC: Investing

JUNE 22, 2023

Warren Buffett has boosted his total charitable giving to more than $50 billion — greater than his entire net worth in 2006 when he first scheduled the grants.

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JD Supra: Mergers

JUNE 22, 2023

The Committee on Foreign Investment in the United States (CFIUS) reportedly observed limits on its authority in a recent case to examine and potentially disturb foreign investment transactions for national security reasons.

IT 130

IT Investment Securities 130

CNBC: Investing

JUNE 22, 2023

"Ask Halftime" traders answer your questions about individual stocks and exchange-trade funds.

Funds 98

Funds Stock Trading 98

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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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Cisco: M&A

JUNE 22, 2023

Authored by Steve Nowell, Cisco Customer Delivery Security Architect Securing the NFL’s premier events like the Super Bowl LVII in February and more recently their Draft, brings a number of unique c… Read more on Cisco Blogs

Securities 98

Securities Entertainment Media 98

CNBC: Investing

JUNE 22, 2023

Here are Thursday's biggest calls on Wall Street.

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98

Cisco: M&A

JUNE 22, 2023

As cyber threats continue to evolve and become more sophisticated, organizations must constantly improve their security posture to stay ahead of potential attacks.

Securities 98

Securities 98

CNBC: Investing

JUNE 22, 2023

Greater datacenter demand could benefit this stock over the long run

Stock 98

Stock 98

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.

Finance

Cisco: M&A

JUNE 22, 2023

Many of our partners are having great success selling our Meraki solutions into their SMB accounts. If you are one of them, congratulations! If not, join the party.

Securities 98

Securities Accountant 98

CNBC: Investing

JUNE 22, 2023

The bank upgraded XP Inc. to buy from neutral Wednesday with a $29 per share price target.

Bank 98

Bank Banking IT Shares 98

Business Standard - FInance

JUNE 22, 2023

Investment in Indian Market: The brokerage expects manufacturing, technology, and banking & financial services to outperform.

Financial Services 98

Financial Services Manufacturing Bank Banking 98

CNBC: Investing

JUNE 22, 2023

The Vanguard High-Yield Tax-Exempt fund, rated five stars by Morningstar, invests at least 80% of its assets in investment-grade municipal bonds.

Funds 98

Funds Investment IT 98

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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.

Manufacturing

Business Standard - FInance

JUNE 22, 2023

Withdrawals before five years are tax-free in cases of serious illness, employer discontinuation of operations, withdrawals not authorized by the employer, and advances under the EPF Scheme

IT 98

IT 98

CNBC: Investing

JUNE 22, 2023

Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling him the greatest investor of all time after analyzing his latest bet on Japan.

Investors 98

Investors 98

Business Standard - FInance

JUNE 22, 2023

The RBI in its policy also brought back the focus on 4% as the medium term target of the MPC and not just the 2-6% band

IT 98

IT 98

CNBC: Investing

JUNE 22, 2023

Anheuser-Busch's U.S.-listed shares are down nearly 15% in the second quarter, driven largely by consumers fleeing the Bud Light brand.

Bank 98

Bank Banking Shares 98

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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.

Healthcare

Business Standard - FInance

JUNE 22, 2023

Lenders of Vidarbha Industries Power Ltd (VIPL), a subsidiary of Reliance Power, have appointed SBI Caps as an advisor for its debt resolution process, sources said. As per the terms of reference, SBI Caps will invite bids for the sale or one time settlement (OTS) of VIPL debt. It will also lay down evaluation criteria and recommendations for the anchor bidder.

Debt 98

Debt Sale IT 98

CNBC: Investing

JUNE 22, 2023

The Clouty Music, Media and Entertainment ETF (TUNE) began trading Thursday with 50 stocks in its portfolio.

Trading 98

Trading Entertainment Media Portfolio 98

Business Standard - FInance

JUNE 22, 2023

Any further dips in gold can be opportunities to buy into.

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98

CNBC: Investing

JUNE 22, 2023

Tesla stock is downgraded by Morgan Stanley in the second such move by a major analyst in two days.

Valuation 98

Valuation Stock 98

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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?

Management