Mon.Jul 31, 2023

article thumbnail

Prudential Property Value: Our Efforts to Ensure Transparency and Consistency

IVSC

Drawing the conclusions from the global financial crisis, the Basel Committee on Banking Supervision (BCBS) published in December 2017 new requirements for the valuation of real estate for lending purposes in the context of the so-called ‘Standardised Credit Risk Assessment Approach’ (SCRA). It reads: The valuation must be appraised independently using prudently conservative valuation criteria.

Banking 246
article thumbnail

ESG Mid-Year Review: Key Trends in 2023 Thus Far

Harvard Corporate Governance

Posted by Marc S. Gerber, Greg Norman, and Simon Toms, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, July 31, 2023 Editor's Note: Marc S. Gerber , Greg Norman , and Simon Toms are Partners at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Mr. Gerber, Mr. Norman, Mr. Toms, Boris Bershteyn , Tansy Woan and Kathryn Gamble.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Comment on The Nightmarish End of Home Appraisals by Baggins

Appraisers Blog

In reply to no. The beneficial miracles of desirable well kept automation creating prestigious new software integrations. Or you can do clever things like mis spell certain wordzs with a z in them too. The students are happy to change the language rooted in the criminal patriarchy, installing a never ending series of ever increasing prohibitions to keep us safe from advantageous free thinking and preferable free expression in traditional homogeneous America.

article thumbnail

Review Opinion Letters: How They Differ from Full Valuation Reporting

BV Specialists

Occasionally, appraisers are asked to provide opinion letters based on a review of another appraiser’s work product or from a company’s internal analysis for which they need independent validation. This process can seem more simple and informal than a typical valuation project, however, the time involved with completing the effort can be as much or even more than an appraisal.

article thumbnail

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.

article thumbnail

Author Talks: How minor stresses add up to epic fails

Mckinsey and Company

Every day stress: All of us experience it, but top performers manage it differently. Rob Cross talks about the ways small strains and nuisances accumulate to thwart well-being and productivity—and what to do about it.

78
article thumbnail

FINRA Faces Uphill Battle in Case Challenging Its Enforcement Authority

Reynolds Holding

FINRA, the self-regulatory organization (SRO) responsible for overseeing broker-dealers in securities markets, now faces constitutional scrutiny about its structure, enforcement proceedings, and sanctions. In July, Judge Justin R. Walker of the U.S. Court of Appeals for the D.C. Circuit issued a concurrence that signaled genuine skepticism about FINRA’s constitutional status.

More Trending

article thumbnail

Microsoft Seeks UK Merger Block Rethink, Citing New Deals

Law 360 M&A

Microsoft Corp. wants United Kingdom antitrust authorities to rethink the block imposed on the company's $68.7 billion takeover of Activision Blizzard Inc., making the rare move in a filing disclosed Monday that argues deals with cloud gaming providers and with gaming console rival Sony have fundamentally changed the market circumstances.

article thumbnail

Digital twins: The key to smart product development

Mckinsey and Company

Digital-twin technologies can help companies create better products faster. They could transform the work of product development too.

article thumbnail

Musk Says He Can't Be Personally Liable In Severance Claims

Law 360 M&A

Elon Musk urged a Delaware federal judge on Monday to cut him from a lawsuit by ex-Twitter employees alleging the company reneged on promised severances after the billionaire bought it, arguing that he is not a party to certain provisions of the 2022 deal and had no control until the "post-takeover period.

75
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Baggins

Appraisers Blog

In reply to Connie Marines. Who wrote that objection list? Makes no sense. I won’t believe that is real until I see an actual email snippet, complete with the name of the amc whom sent the material. Sonidos muerte el llegadas a mi.

article thumbnail

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

article thumbnail

IMedia's Ch. 11 Sale Timeline May Be Too Short, Judge Says

Law 360 M&A

A Delaware bankruptcy judge Monday told bankrupt home shopping business iMedia Brands that she would be "hard-pressed" to grant its request to hold an auction for the company on Friday, but that she would grant it a short-notice hearing on the motion Wednesday.

75
article thumbnail

Leading through uncertainty in the energy and materials sectors

Mckinsey and Company

Designing a strategy that is robust under a range of future scenarios can help energy and materials companies create value in volatile times.

article thumbnail

Fox And Flutter Entertainment Announce Closure Of Fox Bet

Law 360 M&A

Ireland-based global betting and gambling group Flutter Entertainment PLC, which owns U.S. sports betting giant FanDuel, and media conglomerate Fox Corp. on Monday announced that they will decommission their sports betting platform Fox Bet.

75
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Mary Cummins

Appraisers Blog

Another great very well written article by Jeremy Bagott, MAI. While I agree that we can easily get rid of some words like “master bedroom” we need some of the other words like the paint color “white” and the word “student.” Words are relative. They shouldn’t be blindly banned. The most important issue in Bagott’s article is asset value and borrower credit acceptance.

article thumbnail

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.

article thumbnail

UK competition watchdog reopens Microsoft-Activision deal to scrutiny

Financial Times M&A

CMA invites responses to tech giant’s new arguments in rare move that could pave way for $75bn takeover to close

86
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Connie Marines

Appraisers Blog

In reply to Baggins. Subject: Fannie/Freddie Unacceptable Appraisal Practice Update Reply-To: appraisals@nationwideamc.com ? ? UNACCEPTABLE APPRAISAL PRACTICES PER FANNIE/FREDDIE – 07.25.2023 We know the past year has been a time of immense change within the appraisal industry, which can be frustrating and confusing. In an effort to be fully transparent, we wanted to share a few examples of post funding requests we have started receiving from clients and investors regarding “Unacceptable A

article thumbnail

The state of AI in 2023: Generative AI’s breakout year

Mckinsey and Company

As organizations rapidly deploy generative AI tools, survey respondents expect significant effects on their industries and workforces.

75
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Connie Marines

Appraisers Blog

I was asked to remove the words “school district” from all reports. I changed to “school system.” In 25 years, I’ve never struggled so much with language in my report. I agree with other comments that this article expresses the opinion of most appraisers. Recent advisory from an AMC I don’t even work for: During a Quality Control review of this appraisal report, unacceptable appraisal practices were identified.

article thumbnail

Annual Planning Like A Pro in 2024: Strategy Execution Made Easy

Rhythm Systems

At Rhythm Systems, we have been helping companies build strategic execution plans for the last 20 years. We've learned a lot in that time, and the latest version of our software includes enhancements that our expert facilitators use to build complete, execution-ready plans. With these power tools at your fingertips, you, too can plan like a pro!

52
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Constance Marines

Appraisers Blog

In reply to Baggins. I googled the name of a reviewer who sent a revision request that was really dumb. Person (not identifying gender, maybe “it?”) went to technical school for something that was not remotely real estate or appraisal related. Can’t remember now what it was. So there ya go.

article thumbnail

Valuation Multiples for an Automotive Repair Shop

Peak Business Valuation

The automotive repair industry has experienced slight revenue and profit decline over the past several years. This is a result of various factors such as poor economic conditions and lower travel rates. Moving forward, IBIS World predicts that the automotive repair industry will benefit from increased car usage, the aging vehicle fleet, and declining new car sales.

article thumbnail

Comment on The Nightmarish End of Home Appraisals by no

Appraisers Blog

I was asked to remove some words that didn’t have a better word for them. i went round-n-round with them. Apparently they weren’t reading the report-they were sending it through a robot filter. best way to fix it-I typed up what i needed to type, took a clipit of it and put the photo of it in the report and said see photo labeled “X” in report I added language that made it clear that unless you read the photo-you were not reading the whole report. didn’t hear back f

article thumbnail

Senior Financial Analyst Promotions Announced

Auto Dealer Valuation Insights

Mercer Capital is pleased to announce that Sebastian S. Elzein, Harrison Holt, and Thomas G. Kasierski have been promoted to Senior Financial Analyst. “You can’t grow a professional services firm without growing professionals,” said Matt Crow, CEO. “We celebrate every promotion and look forward to many more. Sebastian, Thomas, and Harrison have made both important and unique contributions to.

52
article thumbnail

Comment on The Nightmarish End of Home Appraisals by Dan

Appraisers Blog

Insightful and well-written. Please use your skills to inform starving appraisers how to profit from the inevitable outcome of this typical government ineptitude.

article thumbnail

Dividend Policy for Family Businesses

Auto Dealer Valuation Insights

Travis Harms provides an insightful examination into the important topic of dividend policy in family businesses. He explains how to go about the decision-making process regarding distribution and why considering various shareholder characteristics and business attributes matters. He breaks it down into four types of dividend policies, highlighting the balance between shareholder certainty and.

article thumbnail

Comment on The Nightmarish End of Home Appraisals by Dan

Appraisers Blog

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers will find synonyms.

article thumbnail

Strategies for Owning a Successful Dry Cleaning Business

Hallmark Brokers

There’s a lot of complexity involved with running a business sometimes. This is true of everything from service companies to restaurants or even entertainment businesses. One reason we dedicate so much time to business coaching is because it’s so common for an entrepreneur to get caught in the fog of managing every facet and detail. Read more The post Strategies for Owning a Successful Dry Cleaning Business appeared first on Hallmark Brokers.

52
article thumbnail

Unlocking the Hidden Value: A Comprehensive Guide to Preparing Your Business for Acquisition

Sun Acquisitions

If you’re considering selling your business , knowing how to maximize its value and prepare for a smooth transition is essential. Unlocking the hidden value of your company can be a complex process, but the rewards are well worth the effort. The first step in preparing your business for acquisition is understanding what potential buyers seek. Generally, buyers seek out well-run companies with a growing customer base, strong financial performance, and reliable revenue streams.

article thumbnail

Why Investors Don't Fund Ideas and What they Do Fund

Rhythm Systems

If you're an entrepreneur seeking funding for your business, you've probably heard this before: investors don't fund 'ideas.' It's a frustrating reality that many entrepreneurs face. But why is this the case? In this blog post, we'll explore why investors prefer startups with traction and customers and what entrepreneurs can do to increase their chances of attracting investment.

52
article thumbnail

Summer Shorts: Equitable Contribution, Stock Redemption, and Other Recent Decisions of Interest

Farrel Fritz

Welcome to the 13th annual edition of Summer Shorts. This year’s edition features brief commentary on five recent decisions by New York courts in a variety of business divorce cases involving equitable contribution among partners; preferred shareholder redemption rights; LLC manager indemnification rights; shareholder books-and-records access; and statute of frauds defense to equity ownership claims.

Banking 52
article thumbnail

Benchmark International Successfully Facilitated The Transaction Between George W. Evans & Associates And Nationwide Brokerage Solutions

Benchmark Report

Benchmark International has successfully facilitated the transaction of George W. Evan & Associates. They are a Managing General Agent that services individual and commercial insurance agents.

52
article thumbnail

The Barefoot Billionaire embroiled in Altice’s fraud scandal

Financial Times M&A

Plus, BDT & MSD Partners agree a deal worth dancing about and Blackstone goes from real estate buyer to seller

52
article thumbnail

Cleary Gottlieb Discusses Proposed Capital-Requirement Increases for Banks

Reynolds Holding

On July 27, 2023, the federal banking agencies released a lengthy proposal to revise the capital rules applicable to large banks and bank holding companies. The headline news is that the banking agencies expect the proposal to increase capital requirements in the aggregate by 16% across banking organizations that have more than $100 billion in assets (large banking organizations).

Banking 40
article thumbnail

Buffett’s favoured advisory firm takes stake in Italian machinery maker IMA

Financial Times M&A

BDT & MSD Partners’ investment values company at about €6.

Equity 71