November, 2023

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JPMorgan Chase discloses multiple investigations by U.S. regulators

American Banker - Investment Banking

Regulators are looking into practices within JPMorgan's securities arm and investigating parts of its trading operations, according to a regulatory filing by America's largest bank.

Bank 132
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Airbnb acquires secretive firm launched by Siri co-founder

TechCrunch: M&A

Airbnb has acquired a secretive new AI startup, GamePlanner.AI, the company announced this morning. CNBC reports that the purchase price was around $200 million, a figure that TechCrunch was unable to confirm at publication time. GamePlanner was co-founded by Adam Cheyer and Siamak Hodjat. Cheyer famously helped co-launch the startup Siri, which Apple acquired and […] © 2023 TechCrunch.

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Could digital assets help expand capital raising?

Accenture Capital Markets

At Accenture’s capital markets team, we’ve completed a research project into the future of capital raising. We discussed some of the findings at a breakfast during Sibos , and I thought, I would share some of the headlines in this blog. The results should be of interest for anyone in the industry—for both public and private markets. More so, I suspect people most interested may be small-cap issuers, many of whom currently seem to struggle to raise the capital in the way that best suits their nee

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Distressed sales likely to rise in Europe’s troubled real estate sector

JD Supra: Mergers

The European real estate sector is enduring a period of turbulence not seen since the 2008 financial crisis. Industry players are dealing with a confluence of stubbornly high interest rates, falling valuations, rising energy and construction costs, and increasingly expensive financing.

Valuation 287
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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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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

The New York Times: Banking

Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.

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Music Licensing Giant BMI Sells to Private Equity Firm

The New York Times: Mergers, Acquisitions and Dive

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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SpaceX acquires parachute company for $2.2M – because it turns out space-rated parachutes are very hard

TechCrunch: M&A

SpaceX is known for its vertical integration, but one component it’s been outsourcing is parachutes — until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm […] © 2023 TechCrunch.

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Jefferies to launch new multi-asset trading platform

The TRADE

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The aim of the platform is to streamline multi-asset trading, reducing the number of accounts and apps used across asset classes by “providing clients with an intuitive and advanced platform with a superior trading experience across each of the tradable markets, all from one portal that can be accessed via a mobile app and web platforms”.

Trading 117
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Financial Sanctions—Ten Key Due Diligence Principles

JD Supra: Mergers

This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus of this second part is on due diligence.

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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 133
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How Munger and Buffett's 60-year partnership was so special: 'Charlie and I have never had an argument'

CNBC: Investing

The journey to Munger and Buffett's unparalleled success was full of learning, experience and laughter, but never an argument.

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Metaverse Market Size to Surpass USD 3409.29 Billion by 2027, exhibiting a CAGR of 69.2%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period. As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period.

Business 115
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Ford snaps up EV power startup to boost its charging tech

TechCrunch: M&A

Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech. The secretive energy startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers publicly. Following the deal, Los Angeles-based […] © 2023 TechCrunch.

IT 339
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SimCorp launches real-time performance solution through new Investment Analytics Platform

The TRADE

SimCorp has introduced a new cloud-native performance attribution solution as part of the inaugural offering from its new Investment Analytics Platform. The solution was developed to meet increasing demand for accurate performance analytics and offers investors the ability to calculate performance attribution in real-time. “In today’s complex and fast-paced investment landscape, real-time performance attribution can provide transparency and clarity regarding the drivers of financial

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Inside the exit: Riverside invested in tech and talent to grow Energy Exemplar

PE Hub

Riverside is selling the Australian business, which develops simulation software for power companies, to Blackstone and Vista. The post Inside the exit: Riverside invested in tech and talent to grow Energy Exemplar appeared first on PE Hub.

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Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal

The New York Times: Banking

Financial service companies often avoid what they deem high-risk industries like adult entertainment. When workers lose their accounts, they are left with few options.

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Activist investor ValueAct has been building a stake in Disney

CNBC: Investing

ValueAct began buying Disney this summer during the Hollywood strikes and it is now one of the investor's largest positions, the Activist Spotlight has learned.

Investors 145
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What is Payment Security? Actionable Guide on Types & Secure Payment Gateway Protocols

Razorpay

Payment security is a critical concern for businesses in 2023, as the digital landscape continues to evolve. It encompasses protective measures and protocols to safeguard sensitive payment information during online transactions. In FY2022-23, banks reported a total number of 6,659 cases of digital payment fraud. According to the IBM Security report of 2023, the average cost of a data breach in India reached INR 17.9 crores.

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Navigating the DevOps Roadmap

Cisco: M&A

In my previous blog , The Rise and Rise of DevOps Adoption , I explored the remarkable rise in popularity of DevOps and the rapid adoption of DevOps practices across the tech industry.

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Jezebel to Be Resurrected by Paste Magazine

The New York Times: Mergers, Acquisitions and Dive

The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.

Media 126
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MAV Beauty Brands agrees to sell assets to Nexus Capital

PE Hub

The deal is in connection with MAV's financial and corporate restructuring through proceedings under the CCCA. The post MAV Beauty Brands agrees to sell assets to Nexus Capital appeared first on PE Hub.

Capital 111
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 119
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Jim Chanos, the short seller who called Enron's fall, is converting hedge fund to a family office

CNBC: Investing

The veteran investor, known for his bets against Tesla and Enron, will convert his hedge fund to a family office and advisory business, CNBC has learned.

Funds 144
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Streaming Analytics Market to Surpass USD 125.64 Billion by 2030, exhibiting a CAGR of 28%

Global Newswire by Notified: M&A

According to Fortune Business Insights, the global streaming analytics market size is projected to reach USD 125.64 billion in 2030, at a CAGR of 28% during the forecast period, 2023-2030 According to Fortune Business Insights, the global streaming analytics market size is projected to reach USD 125.

Business 100
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‘Start Here’ for Lifecycle Practice optimization

Cisco: M&A

Every business is looking to grow, but how they accomplish that, and differentiate themselves against competitors, depends on the journey that they create for their customers.

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LMAX Group given green light for NDF trading in both Singapore and London

The TRADE

LMAX Exchange Singapore – LMAX Group’s subsidiary – has received regulatory approval to offer Non-Deliverable Forward (NDF) trading in both Singapore and London. The approval came from the Monetary Authority of Singapore (MAS) which granted the exchange a recognised market operator (RMO) licence. Through this move and the launch of NDFs, LMAX clients will be able to hedge their FX exposure against non-convertible currencies on a central limit order book (CLOB).

Trading 104
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Enlightened Hospitality Investments backs restaurant tech company Qu

PE Hub

USHG's existing backers include Cota Capital, NRD Capital and restaurant group Bobby Cox Companies. The post Enlightened Hospitality Investments backs restaurant tech company Qu appeared first on PE Hub.

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How Does the World’s Largest Hedge Fund Really Make Its Money?

The New York Times: Banking

Ray Dalio’s investing tactics have always been a closely kept secret, even inside Bridgewater Associates. Several years ago, some of Wall Street’s biggest names set out to discover his edge.

Funds 141
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Goldman Sachs says investors should go long on commodities, sees 20% upside

CNBC: Investing

Goldman recommends what it calls a 2024 deficits basket, going long on energy excluding natural gas and on industrial metals, excluding nickel and zinc.

Investors 144
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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’

The New York Times: Mergers, Acquisitions and Dive

The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.

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Cisco Wins the AWS Global ISV Partner of the Year Award!

Cisco: M&A

I’m thrilled to announce that Cisco has been recognized as the AWS Global ISV Partner of the Year for 2023, a testament to our outstanding ability to collaborate and innovate.

M&A 98
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Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading

The TRADE

Almost two thirds (63%) of buy-side equity market participants believe outsourced desks would result in improved execution quality and trade performance when trading across regions, according to new research from Coalition Greenwich. Of these respondents, 26% also highlighted streamlined or enhanced workflows and strategy customisation as key factors.

Trading 113
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Washington Harbour Partners picks up cybersecurity firm SIXGen

PE Hub

SIXGEN will continue to be led by the company’s founder and CEO Ethan Dietrich. The post Washington Harbour Partners picks up cybersecurity firm SIXGen appeared first on PE Hub.

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