Mon.Mar 20, 2023

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Reimagining public health programs to deliver equitable impact

Mckinsey and Company

By placing equity at the center of public health programs, government agencies could more effectively address disparities and improve health outcomes for all Americans.

Equity 101
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The Continual Dismantling of the Mandatory Disclosure Framework — The SEC’s Inaction

Harvard Corporate Governance

Posted by Marc I. Steinberg (Southern Methodist University) , on Monday, March 20, 2023 Editor's Note: Marc I. Steinberg is the Rupert and Lillian Radford Chair in Law and Professor of Law at Southern Methodist University. This post is based on his recent piece. In a recent speech, SEC Commissioner Caroline Crenshaw focused on the sparsity of disclosure in Rule 506(b) offerings.

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What is Gen Z?

Mckinsey and Company

Generation Z comprises people born between 1996 and 2010. This generation’s identity has been shaped by the digital age, climate anxiety, a shifting financial landscape, and COVID-19.

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Developments in Securities Fraud Class Actions Against U.S. Life Sciences Companies

Harvard Corporate Governance

Posted by David Kistenbroker, Joni S. Jacobson and Angela M. Liu, Dechert LLP, on Monday, March 20, 2023 Editor's Note: David Kistenbroker , Joni S. Jacobson and Angela M. Liu are Partners at Dechert LLP. This post is based on a Dechert memorandum by Mr. Kistenbroker, Ms. Jacobson, Ms. Liu, Christine Isaacs and Biaunca S. Morris. In 2022, the total number of securities class action complaints filed remained below the more elevated levels we saw during 2017-2020, but life sciences companies were

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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One year into the BIL: Catalyzing US investments in energy

Mckinsey and Company

The legislation provides an opportunity to improve the country’s clean-power infrastructure. More than a year since its signing, we take stock of announced funding, programs, and the road ahead.

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UBS Acquisition of Credit Suisse: Bye Bye AT1 Investors, Anxiety Builds Among Banks' Subordinated Bondholders

Benzinga

UBS Group AG 's (NYSE: UBS ) takeover of Credit Suisse Group AG (NYSE: CBS ) has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. On Sunday, the Swiss government used its emergency powers to speed up the completion of the Credit Suisse-UBS merger without requiring consent from shareholders.

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More Trending

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$8 Billion In Savings? The 'Impeccable' Logic Of UBS-Credit Suisse Deal, According To One Analyst

Benzinga

UBS Group AG (NYSE: UBS ) shares jumped Monday morning after the bank's Sunday agreement to buy Credit Suisse Group AG (NYSE: CS ) for $3.25 billion. On Monday, one analyst said the Credit Suisse acquisition makes UBS an attractive investment. The UBS Analyst: Bank of America analyst Alastair Ryan upgraded UBS from Neutral to Buy and raised the price target from $22.72 to $24.87.

Banking 97
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Content velocity: Take charge of your entire content lifecycle

Avanade

Content velocity is a crucial component of business strategy. In today’s fast-paced digital environment, companies must be able to rapidly produce and provide customers with contextual useful information.

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Why Credit Suisse Stock Is Crumbling Today

Benzinga

Credit Suisse Group (NYSE: CS ) shares are trading lower Monday after UBS Group AG (NYSE: UBS ) agreed to acquire the bank for $3.2 billion. What Happened: UBS announced plans to acquire embattled Credit Suisse in an all-share transaction on Sunday. The takeover is expected to strengthen UBS's position as a Swiss-based global wealth manager. The discussions were initiated and have the full support of the Swiss Federal Department of Finance, FINMA and the Swiss National Bank.

Banking 96
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Regulators Uneasy Over $17B Wipeout Of Credit Suisse Debt

Law 360 M&A

European regulators indicated uneasiness on Monday at the decision by their Swiss counterpart to allow Credit Suisse to write off 16 billion Swiss francs ($17.2 billion) in risky bonds as part of its $3.2 billion rescue deal from UBS, amid fears that it could send the wrong signal to bond markets.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Lessons in leadership: Removing barriers to get more women in tech

Mckinsey and Company

Judith Spitz founded Break Through Tech to enroll more women, especially women of color, in computer science courses and connect them with companies that might otherwise overlook them.

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Meta Allowed To Limit Zuckerberg Depo In Antitrust Case

Law 360 M&A

A California federal judge allowed Meta Platforms to impose time limits on the pending depositions of several current and former executives, including CEO Mark Zuckerberg and ex-Chief Operating Officer Sheryl Sandberg, after the company argued that the high-level officers do not have unique knowledge about the monopolization claims.

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How to entice travelers to change tack to track

Mckinsey and Company

Understanding what informs transport choices is the first step to encouraging a shift to trains.

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2nd Circ. Affirms Loss Of Airline Bankruptcy Merger Challenge

Law 360 M&A

A Second Circuit panel on Monday refused to revive a long-running challenge to the 2013 tie-up between American Airlines and US Airways that stemmed from American's bankruptcy, saying that the courts moved beyond looking only at market shares in mergers decades ago.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Hewlett Packard Enterprise to Acquire OpsRamp, Advancing Hybrid Cloud Leadership and Expanding HPE GreenLake into IT Operations Management

Business Wire M&A

HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise to acquire OpsRamp, advancing hybrid cloud leadership and expanding HPE GreenLake into IT Operations Management

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Redlining Enforcement in 2023 Already Cost Banks $40 million | Ncontracts

N Contracts

Redlining enforcement has been on the rise since the U.S. Justice Department (DOJ) launched the Combatting Redlining Initiative in October 2021. So far it has resulted in 6 redlining cases and $84 million in settlements – and redlining enforcement is likely to continue.

Banking 64
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Accenture to Acquire Industrial AI Company Flutura

Business Wire M&A

BANGALORE, India--(BUSINESS WIRE)--Accenture has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India.

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Depositors Spooked: After Credit Suisse, Who’s Next? Q&A With Accelerate Financial Technologies CEO Julian Klymochko

Global Finance

Where might the next shoe drop in the banking sector? Accelerate CEO and ETF specialist Julian Klymochko has some surprising answers.

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Signature Bank/NYCB: discounted bank assets lure opportunists

Financial Times M&A

Regulators effectively paid New York Community Bancorp to take troubled lender away

Banking 91
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How tax and accounting professionals can develop an ESG narrative

ThomsonReuters

Today, ESG factors sit at the forefront of many investment decisions. With ESG-related legislation and heightened investor interest, incorporating an ESG narrative is critical for businesses as they navigate the complexities and look to ensure compliance. For tax and accounting firms, therein lies an opportunity. Forward-looking firms are increasingly moving beyond compliance by telling a compelling ESG story that sets their firm apart from the competition.

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Why $17bn in Credit Suisse debt was wiped out

Financial Times M&A

Plus, inside BlackRock’s warning to Silicon Valley Bank and Casino’s resident dealmaker makes another complicated M&A play

Banking 67
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5 Strategies to Upskill Data Analytics in Your Audit Function

Audit Board

Data analytics can enable internal audit teams to deliver faster assurance and more incisive insights for an organization’s leadership to act on — increasingly critical in today’s disruptive business environment. However, in a survey conducted by the Chartered Institute of Internal Auditors (CIIA) and AuditBoard , nearly half (49%) of respondents said the biggest barrier to data analytics progress is the lack of existing skills and resources in the function.

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Real Estate's Ride Gets Bumpier Amid Banking Troubles

Law 360 M&A

Should I move my money? What do I do with the letter of credit from the bank? How is this going to impact deals? These were among the first questions Jay Neveloff, chair of real estate at Kramer Levin Naftalis & Frankel LLP in New York, started getting from clients after local multifamily-property power player Signature Bank was forced into receivership on March 12.

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Teton Merger Corp. Announces Extension of Tender Offers and Consent Solicitations for Senior Notes of TEGNA Inc.

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--Teton Merger Corp. (the “Company”) announced today that it is extending the Early Tender Date, the Withdrawal Deadline and the Expiration Date (as discussed in further detail below) of its previously announced (i) cash tender offers (collectively, the “Tender Offer”) to purchase any and all of TEGNA Inc.’s (“TEGNA”) outstanding 4.750% Senior Notes due 2026 (the “4.750% Notes”), 4.625% Senior Notes due 2028 (the “4.625% Notes”) and 5.000% Senior Notes due 2029 (the “5.

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Value Drivers for a Hardware Store

Peak Business Valuation

For most industries, the 2020 pandemic was a struggle. Many businesses were unable to operate due to safety restrictions. Some of them even ceased operations completely. However, this was not the case for the hardware store industry. Quarantine gave consumers plenty of time to work on home renovations and DIY projects. This led to an increase in hardware sales and significant growth for the hardware store industry.

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AAR Buys Miami-Based Aircraft MRO & Fleet Management Software Provider Trax For $120M Plus Earn-Out

Benzinga

AAR Corp (NYSE: AIR ) has acquired Trax USA Corp. , an independent provider of aircraft MRO and fleet management software, for $120 million , plus up to a $20 million earn-out payment. Trax offers critical software applications to a diverse global customer base of airlines, MROs, and government aircraft operators supporting approximately. Full story available on Benzinga.

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Why 2023 Is The Time To Sell Your Company

Benchmark Report

Positive news surrounding middle market M&A continues to swell as well as continue into 2023. A recent survey conducted by Citizens Bank revealed a great deal of optimism for middle-market M&A activity this year. Essentially, businesses have remained resilient even during challenging economic times. In addition, interest in M&A deals continues to be a top priority by both middle-market companies and private equity (PE) firms as both buyer and seller pipelines return to pre-covid leve

Banking 52
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Saudi National Bank Hit With Over $1B In Credit Suisse Investment Losses

Benzinga

Saudi National Bank has reportedly confirmed significant losses amid Credit Suisse Group Inc (NYSE: CS ) failure, and UBS AG (NYSE: UBS ) stepped into buying the Swiss bank for $3.2 billion. Saudi National Bank, Credit Suisse’s largest shareholder with around 10% stake, had been hit with a loss of around 80% on its investment. The Riyadh-based bank holds a 9.9% stake in Credit Suisse, having invested CHF 1.4 billion ($1.5 billion), equivalent to CHF 3.82 per share.

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HSBC: Chance for Success or Misstep?

Valutico

HSBC Holdings plc Weekly Valuation – Valutico | 20 March 2023 Link to the valuation Context The past weeks, the financial market was rattled by the collapse of Silicon Valley Bank, the go-to bank for tech startups, serving half of America’s venture capital-backed tech firms. SVB had been grappling with liquidity concerns in the US, which sparked a massive bank run last week, resulting in its collapse on Friday, March 10th.

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Peak Performance Management: An Essential Part of Successful Businesses

Rhythm Systems

Performance management is an essential part of any successful business. It helps to ensure that employees meet their goals and expectations while providing feedback on how they can improve. Performance reviews offer an excellent opportunity for managers to give employees the recognition they deserve for their hard work and dedication. Regular performance reviews also help reduce employee turnover, costing companies tens of thousands of dollars per employee annually and draining your return on pa

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Benchmark International Successfully Facilitated the Transaction Between Key Digital Ltd and Nationwide Franking Sense Ltd

Benchmark Report

Benchmark International is pleased to announce the acquisition of managed services provider, Key Digital, by Franking Sense. Established in 2010, Key Digital is a specialist in digital transformation, document workflow, print technologies, and IT services. The company supplies multi-functional print devices and managed print services, as well SaaS software licences with professional IT support services.

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Mastercard Strengthens Customer Security With New AI ‘Cyber Shield’

Business Wire M&A

PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard today acquired cloud-based cybersecurity company Baffin Bay Networks to better help businesses deal with the increasingly challenging nature of cyber-attacks. Baffin Bay Networks, based in Sweden, adds to Mastercard’s multi-layered approach to cyber security and helps to stop attacks, while mitigating exposure to risk across the ecosystem.

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A Litigation Odyssey

Farrel Fritz

Litigated business breakups are often highly intense and emotional for the participants. The intensity and emotion multiply when the litigants are close family members. If you add to the mix several years and more than ten rounds of motion practice, a successful judicial dissolution and winding up, an appeal, a remand, a motion for summary judgment, and another motion for summary judgment, lawyers and clients can become exceedingly close through the experience.

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Armstrong Teasdale Adds Ex-Bank Legal Chief In St. Louis

Law 360 M&A

Armstrong Teasdale LLP announced that it has hired the former chief legal officer with regional bank operator Central Bancompany as a partner in its St. Louis office.

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