January 3, 2024
Via: JD SupraThe past year has been broadly characterized as one of limited public market activity and rising interest rates putting a dampener on access to capital. For the oil & gas industry, the volume of debt & equity offerings remained at […]
January 3, 2024
Via: JD SupraOn November 15, 2023, the U.S. Tax Court held in YA Global Investments v. Commissioner that a non-U.S. private equity fund (YA Global) with a U.S. asset manager that bought equity and convertible debt of U.S. portfolio companies was engaged […]
January 2, 2024
Via: FinTech FuturesNews of the sale first broke in May 2021, with HSBC reportedly having paid more than €1 billion for New York-based private equity firm Cerberus Capital Management to take its loss-making French branches off its hands. As of 1 January […]
January 2, 2024
Via: TechBullionThe world of cryptocurrency is in a constant state of flux, with the appeal and market value of various digital currencies undergoing frequent fluctuations. As we approach 2024, many investors are grappling with the question of which cryptocurrency holds the […]
December 28, 2023
Via: DailyFX2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections. Historically, markets viewed this messaging in high regard as it often tied into […]
Capital and Risk, Macroeconomic
December 21, 2023
Via: DailyFXUS Q3 GDP has been revised lower to 4.9%, slightly below 5.2% in the second estimate, but matching the 4.9% initially reported in the advance estimate. The estimate released today is based on more complete source data than were available […]
Capital and Risk, Macroeconomic
December 8, 2023
Via: DailyFXJapanese (final) Q3 data was revised lower as inflation appeared to be negatively impacting spending in the region. Inflation has been above the Bank of Japan’s (BoJ) 2% target for more than a year but officials require more convincing before […]
November 17, 2023
Via: FinTech FuturesI’ve previously covered the evolution of banking technology and why almost every bank has multiple cores. So, analogies of “changing a plane’s engine whilst in flight” or “heart surgery with the patient watching” don’t really get across the full complexity […]
November 17, 2023
Via: Payments DiveBank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]
November 13, 2023
Via: DailyFXThe Japanese Yen was lower against the US Dollar in Europe and Asia on Monday with USD/JPY set for a fourth straight day of gains and, more pertinently, closing in on 2022’s thirty-year peaks. The Japanese unit has been battered […]
Capital and Risk, Macroeconomic
October 26, 2023
Via: DailyFXReal gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, this according to an advanced estimate by the Bureau of Economic Analysis. This is the most since the last quarter of […]
October 18, 2023
Via: DailyFXThe US Dollar has slipped through the Asian session after making some headway overnight on the back of Treasury yields pushing toward multi-year peaks. US retail sales rose by 0.7% month-on-month in September, higher than the 0.3% anticipated and slightly […]
October 10, 2023
Via: Bank DirectorWe recently asked bankers in our “State of Commercial Banking Midyear Update” presentation what was top of mind for the remainder of 2023. The answer was clear: 80% of the respondents selected deposit growth and retention. As interest rates have […]
October 10, 2023
Via: FinTech FuturesThis year there are 38 categories to choose from, including the Project Awards for banks and financial institutions, the Excellence in Tech Awards for software and services providers and the Leadership Awards for individuals and teams. The awards are a […]
October 9, 2023
Via: Bank DirectorChatGPT’s tsunami-like landfall in November 2022 made clear that generative artificial intelligence (AI) marked a profound advancement with broad applicability. Yet just as AI’s newest incarnation represents a major opportunity for businesses of all stripes, it’s also a potentially significant […]
October 9, 2023
Via: FinTech FuturesHowever, I feel it’s worth exploring whether the concept of digital transformation is redundant in the fast-paced and ever-evolving landscapes that we currently operate in. Below are some of the reasons why some could argue that digital transformation is an […]
Capital and Risk, Macroeconomic
September 19, 2023
Via: PR NewswireInflation, the persistent increase in the general price level of goods and services, is a topic of growing concern worldwide reports Orion Metal Exchange. As it continues to affect economies on a global scale, understanding its multifaceted consequences and how […]
September 18, 2023
Via: DailyFXThe Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have […]
September 15, 2023
Via: DailyFXGBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]
August 18, 2023
Via: Bank DirectorBank acquisitions of insurance brokerages have been on a steady decline for the better part of 15 years. In 2007, these transactions represented approximately 21.7% of total announced insurance brokerage merger and acquisition (M&A) transactions. By 2012, that percentage dropped […]