Harvard Corporate Governance

MAY 1, 2023

Posted by Prasad Krishnamurthy (University of California, Berkeley) , on Monday, May 1, 2023 Editor's Note: Prasad Krishnamurthy is a Professor of Law at the U.C. Berkeley School of Law. Could better accounting rules have saved Silicon Valley Bank (SVB)? The answer is a resounding maybe. On the one hand, fair-value accounting for securities would have caused SVB to recognize its losses earlier and, perhaps, to have avoided those losses in the first place.

Banking 242

Banking Fair Market Value Marketability 242

Mckinsey and Company

MAY 1, 2023

In this roundtable, leaders from AI-enabled analytics platform ZestyAI discuss how artificial intelligence could help US property insurers evolve their underwriting models to account for climate risk.

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104

Harvard Corporate Governance

MAY 1, 2023

Posted by Courteney Keatinge, Glass, Lewis & Co. , on Monday, May 1, 2023 Editor's Note: Courteney Keatinge is Senior Director of Environmental, Social & Governance Research at Glass, Lewis & Co. This post is based on her Glass Lewis memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Marketability 220

Marketability 220

Financial Times M&A

MAY 1, 2023

Depositors protected but shareholders wiped out in country’s second-largest bank failure

Banking 144

Banking 144

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.

Marketability

Appraisers Blog

MAY 1, 2023

While I certainly like seeing this video, and bravo to anyone out there speaking up, I would have really liked to hear her speak to the more significant problem, which is the lack of reliability of inexperience, unlicensed and untrained data collectors versus the “creepiness” factor of having someone unlicensed in your home. That is what really needs to be hammered home here.

Appraisal 98

Appraisal 98

Benzinga

MAY 1, 2023

JP Morgan Chase & Co (NYSE: JPM ) shares are trading higher Monday after the bank acquired the deposits and assets of First Republic Bank (NYSE: FRC ). What Happened: JPMorgan won a weekend auction for First Republic. The bank acquired a substantial majority of assets and assumed deposits and other liabilities of First Republic from the Federal Deposit Insurance Corporation (FDIC).

Banking 98

Banking 98

Benzinga

MAY 1, 2023

SPX Technologies Inc (NYSE: SPXC ) has entered into a definitive agreement to purchase ASPEQ Heating Group from a private equity firm Industrial Growth Partners. Under the terms of the agreement, SPXC will purchase ASPEQ and certain tax attributes for $418 million in cash. ASPEQ will become a part of SPX Technologies' Full story available on Benzinga.

Private Equity Firm 98

Private Equity Firm Technology Equity 98

Law 360 M&A

MAY 1, 2023

Two investors' groups holding over $1.65 billion in Credit Suisse bonds have sued Switzerland's finance watchdog, law firm Pallas Partners said Tuesday, part of a broader attack on the decision to write down their investments during the takeover by UBS of its failing rival.

Finance 98

Finance 98

Benzinga

MAY 1, 2023

First Republic Bank' s (NYSE: FRC ) longtime supporter Jim Cramer chimed in on the bank's collapse and the ramification for different stakeholders. What Happened: Hours after the Federal Deposit Insurance Corporation confirmed the shuttering of the San Franciso-based regional bank and the sale of its assets and deposits to JPMorgan Chase & Co.

Banking 98

Banking Equity 98

Law 360 M&A

MAY 1, 2023

Struggling lender First Republic Bank was acquired by JPMorgan Chase & Co. on Monday following a takeover arranged by the Federal Deposit Insurance Corp., the latest rescue plan aimed at containing market stress amid a string of bank failures.

Banking 88

Banking Marketability 88

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

Corporate Finance

NYT M&A

MAY 1, 2023

The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.

Banking 92

Banking Mergers & Acquisitions 92

Financial Times M&A

MAY 1, 2023

Plus, Deutsche Bank makes an investment banking U-turn and Charlie Munger forecasts a commercial property storm

Banking 98

Banking 98

NYT M&A

MAY 1, 2023

The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.

Banking 81

Banking Mergers & Acquisitions 81

Business Wire M&A

MAY 1, 2023

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #RhodeIslandCriminalDefense--Marin and Barrett Law Firm Announces Merger with Law Offices of Stefanie A. Murphy, Forming Marin, Barrett, and Murphy Law Firm.

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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.

Marketability

NYT M&A

MAY 1, 2023

As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.

Banking 98

Banking Mergers & Acquisitions 98

Business Wire M&A

MAY 1, 2023

VANCOUVER, British Columbia--(BUSINESS WIRE)--Metrie®, North America’s largest manufacturer and distributor of millwork solutions, today completed its acquisition of Anderco Inc. (“Anderco”), a manufacturer and distributor of doors and door frames, based in Fullerton, California. This acquisition, Metrie’s fifth since 2020, enhances Metrie’s integrated millwork portfolio, offering a wider range of products that can meet the needs of current and future customers.

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98

Law 360 M&A

MAY 1, 2023

A recent Law360 guest article rightly questions the pretextual pseudo-originalism that permits ideology to masquerade as judicial philosophy, but the cure would kill the patient because directness, simplicity and humanness are achievable without renouncing form or sacrificing stare decisis, says Vanessa Kubota at the Arizona Court of Appeals.

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75

Business Wire M&A

MAY 1, 2023

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities.

Banking 98

Banking 98

The Guardian M&A

MAY 1, 2023

US banking titan to buy ‘all deposits and substantially all assets’ of failed bank in deal brokered by regulators JP Morgan is to acquire most of the failed California bank First Republic, in a takeover brokered by regulators as the US races to contain a series of banking failures that has echoes of the 2008 global financial crisis. After weekend talks to prevent a further escalation of the US banking crisis, the Federal Deposit Insurance Corporation (FDIC) confirmed that First Republic had coll

Banking 75

Banking Finance 75

Business Wire M&A

MAY 1, 2023

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 148-bed skilled nursing facility located in the greater Atlanta metropolitan area. The acquisition represents CareTrust’s second skilled nursing facility in the State of Georgia.

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Law 360 M&A

MAY 1, 2023

The Seventh Circuit on Monday refused to revive a "bare bones" lawsuit claiming investment giant Blackstone Group violated Illinois law barring the disclosure of genetic testing information without written permission when it acquired Ancestry.com, saying it lacks a plausible allegation that Blackstone compelled the genetic testing company to disclose protected information.

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Business Wire M&A

MAY 1, 2023

LAS VEGAS--(BUSINESS WIRE)--The Siegel Group, a real estate investment and management company, announced today that it had acquired the former Stay Suites of America located in Orange Park, Florida. The property, which suffered from deferred maintenance and management issues, was purchased in an all-cash transaction for $7 million and quickly closed in under 30 days.

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97

Law 360 M&A

MAY 1, 2023

Gamers attempting to block Microsoft's $68.7 billion Activision Blizzard merger fired back against the tech giant's effort to throw out the case in California federal court, arguing that discovery has allegedly revealed new information that Microsoft's goal is to take down its competitor Sony.

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NYT M&A

MAY 1, 2023

First Republic’s downfall was just the latest in a series of problems affecting midsize banks.

Banking 97

Banking Mergers & Acquisitions 97

Law 360 M&A

MAY 1, 2023

Foxconn Ventures Pte Ltd. is abandoning plans to become the largest shareholder of Lordstown Motors, falling short of its commitment to invest up to $170 million in the electric vehicle maker and hurling the company toward the possibility of bankruptcy, according to a Monday filing with the U.S. Securities and Exchange Commission.

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72

Mckinsey and Company

MAY 1, 2023

Joost Vantomme, CEO of ERTICO - ITS Europe, explains how intelligent transport systems can connect the dots among industry players, road users, and infrastructure.

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68

Global Finance

MAY 1, 2023

A slow process of switching from physical to digital trade documentation appears to be speeding up.

Technology 88

Technology 88

Butcher Joseph & Co.

MAY 1, 2023

ButcherJoseph has been recognized by Mergers & Acquisitions 16th Annual M&A Mid-Market Deals of the Year. The post ButcherJoseph has been recognized by Mergers & Acquisitions 16th Annual M&A Mid-Market Deals of the Year appeared first on ButcherJoseph & Co.

Mergers & Acquisitions 65

Mergers & Acquisitions Marketability 65

Global Finance

MAY 1, 2023

High interest rates are forcing CFOs to leave no stone unturned in the search for working capital.

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88

ThomsonReuters

MAY 1, 2023

As the acceptance of cryptocurrency continues to grow, more and more clients are seeking guidance in navigating the intricate complexities of virtual money. To ensure your firm can meet the needs of these clients, it is essential for your staff to be equipped with a basic understanding of digital currency. Common Cryptocurrency terminology Cryptocurrency mining : A process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.

Start-ups 59

Start-ups Technology Equity Marketability 59

Norman Marks

MAY 1, 2023

I am keeping the survey open for another week, so if you have not yet answered the poll, please do so here. 57 people have voted so far. While this is useful, it would be more persuasive if more shared their views. Results so far.

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Business Wire M&A

MAY 1, 2023

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 136-unit, two-facility memory care portfolio located in the greater Chicago metropolitan area. The facilities will be operated by affiliates of Chapters Living, LLC, a new operator relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker.

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Appraiser Newsroom

MAY 1, 2023

Tweet It’s been an exhilarating few weeks at ASA, with a range of exciting initiatives and member participation that have truly captured the spirit of our organization. From event collaboration to increased member participation, all of ASA has been hard at work raising awareness and driving positive change. Earlier this month, I participated in the 21 st Annual NAFA/ASA Aircraft Appraisal Education Program in Key Largo, FL; which was held in conjunction with the National Aircraft Finance A

Appraisal 52

Appraisal Marketability Finance Technology 52

Auto Dealer Valuation Insights

MAY 1, 2023

Family shareholders are entitled to know what long-term strategic decisions are being made on their behalf by the managers and directors of the family business and why those decisions are being made. In this video, Travis Harms discusses three fundamental corporate finance questions that will help family business shareholders understand the basics of corporate finance and will ultimately result in.

Corporate Finance 52

Corporate Finance Finance 52