March, 2023

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Silicon Valley Bank shut down by US banking regulators

Financial Times M&A

Tech-focused lender had faced deposit outflows and failed in eleventh-hour attempt to raise new capital

Banking 141
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Dear Representative, FNMA Has Gone Rogue!

Appraisers Blog

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The truth of the matter is that appraisals are an essential part of any mortgage transaction and should not be taken lightly or eliminated without due consideration.

Appraisal 143
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Global Corporate Governance Trends for 2023

Harvard Corporate Governance

Posted by Richard Fields and Rusty O’Kelley, Russell Reynolds Associates, on Friday, March 10, 2023 Editor's Note: Rich Fields leads the Board Effectiveness practice and Rusty O’Kelley co-leads the Board and CEO Advisory Partners in the Americas at Russell Reynolds Associates. This post is based on their Russell Reynolds memorandum. Keeping up with the ever-changing trends in global corporate governance is no easy task, as countries introduce new governance rules that trigger knock-on effects

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Sony Wanted To Block Activision Microsoft Merger, But May Be Giving Ammo To Antitrust Fight

Benzinga

PlayStation owner Sony Group Corp (NYSE: SONY ) has been vocal in its attempt to block rival Microsoft Corporation (NASDAQ: MSFT ), manufacturer of the Xbox, from buying video game publisher Activision Blizzard (NASDAQ: ATVI ) for roughly $69 billion. And while it would appear that Sony would get its way — with the Federal Trade Commission (FTC) suing Microsoft over the deal , citing antitrust issues — the company may soon find itself under regulatory scrutiny as well.

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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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Generative AI: Unlocking the future of fashion

Mckinsey and Company

While still nascent, generative AI has the potential to help fashion businesses become more productive, get to market faster, and serve customers better. The time to explore the technology is now.

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Managing the business risk that is cyber

Norman Marks

I am pleased to announce that my latest book is now available on Amazon (see below). The intent is to help business leaders and information security practitioners discuss cyber risk in business rather than technical language, enabling executives and the board to make informed and intelligent business decisions.

More Trending

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Elon Musk Values Twitter at $20 Billion

NYT M&A

The billionaire bought the social media company for $44 billion in October and took it private.

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Emerging trends in ESG governance for 2023

Harvard Corporate Governance

Posted by Maureen Bujno and Kristen Sullivan, Deloitte & Touche LLP, on Sunday, March 26, 2023 Editor's Note: Maureen Bujno is a Managing Director, and Kristen Sullivan is a Partner and leads Sustainability and ESG at Deloitte & Touche LLP. This post is based on their Deloitte memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Skymint Gets Sued, Cannabis Market In Michigan Affects Several Companies & More

Benzinga

Michigan cannabis operator Skymint is under the control of a receiver, according to Crain’s Detroit Business. A lawsuit filed at the Ingham County Circuit Court in Lansing alleges the company owes more than $127 million to Canadian investment firm Tropics LP, a subsidiary of Calgary-based Sundial Growers Inc. ’s (NASDAQ: SNDL ) investment firm SunStream Bancorp Inc , which announced in Nov 2022 that it closed a $6.25M senior secured term loan to SKYMINT Brands.

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The next frontier of customer engagement: AI-enabled customer service

Mckinsey and Company

AI-enabled customer service is now the quickest and most effective route for institutions to deliver personalized, proactive experiences that drive customer engagement.

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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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IRS Announces 2024 Increases for ACA Employer Shared Responsibility Penalties

ThomsonReuters

Rev. Proc. 2023-17 (Mar. 9, 2023) Available at [link] The IRS has announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility payments under the Affordable Care Act. As background, applicable large employers (ALEs) may be liable for an employer shared responsibility penalty under Code § 4980H(a) if they fail to offer minimum essential coverage to a sufficient number of full-time employees.

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How to get started with generative AI in healthcare and life sciences

Avanade

The potential in health and life sciences for ChatGPT and open AI, more generally called generative AI, is enormous, but like any other technology, we need to identify how to leverage it and how to get started.

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UBS in talks to acquire Credit Suisse

Financial Times M&A

Swiss authorities press for merger to stem crisis of confidence in country’s banking sector

Banking 145
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Russell 3000 Boards Becoming More Diverse

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Tuesday, March 14, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services. This post is based on an ISS Corporate Solutions memorandum by Paul Hodgson, Senior Editor; Aditi Aier, Senior Associate; and Carmen Luk, Senior Associate at ISS Corporate Solutions.

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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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Cherokee Federal Expands Cybersecurity and Information Technology Services, Acquires Criterion Systems

Business Wire M&A

TULSA, Okla.--(BUSINESS WIRE)-- #CNB--Cherokee Federal strengthens its cybersecurity and IT federal contracting service offerings through the strategic acquisition of Criterion Systems.

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Taking fear out of innovation

Mckinsey and Company

The risk and ambiguity inherent in innovation can make employees shy away from it. Creating an innovation culture where risk-taking is embraced must start at the top.

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Commodity Hedge Funds: The Most Lucrative “Hidden Gem” in Finance?

Brian DeChesare

If you want to work in the most cyclical role in the finance industry, it’s hard to beat commodity hedge funds. But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. Many of the largest hedge funds put commodity trading within their global macro strategies , but plenty of smaller funds, banks, and desks make it a separate category or focus on commodit

Finance 104
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Lamborghini's Best Year Ever, Again: Q&A With CFO Paolo Poma

Global Finance

Are luxury cars untouched by economic slowdown and inflation? The latest results from Italian luxury automaker Lamborghini suggests so. CFO Paolo Poma believes the company can even improve its profitability, despite economic headwinds. Global Finance spoke with Poma—who has been managing director and CFO since 2017—when he recently visited New York.

Finance 102
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The Startup Fundraising Stack

Equidam

6 Tools to Help Close Your Round As a startup founder, one of the biggest challenges you’ll face is securing funding to get your business off the ground. Whether you’re seeking investment from venture capitalists or angel investors, there are a variety of tools and strategies you can use to make your fundraising efforts more effective. In this article, we’ll take a look at some of the most important tools you can use to enable fundraising for your startup.

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The Credit Suisse Collapse and the Regulation of Banking

Harvard Corporate Governance

Posted by Lucian A. Bebchuk (Harvard Law School) , on Monday, March 27, 2023 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Related research from the Program on Corporate Governance includes Self-Fulfilling Credit Market Freezes by Lucian Bebchuk and Itay Goldstein.

Banking 279
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What is a Virtual Data Room (VDR)?

Benchmark Report

In M&A transactions, many sellers often think the hard work is over as soon as they have found the right buyer and gotten the offer of their dreams. Experienced dealmakers recognize this as the start of the hard work in the process rather than the finish line. After an agreed-upon offer, there is a full due diligence process wherein the purchaser will review the entire historical performance, tracking, and operations of the business to be bought, which in and of itself can be a monumental ta

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What is design thinking?

Mckinsey and Company

Design thinking is a systemic, intuitive, customer-focused problem-solving approach that organizations can use to respond to rapidly changing environments and to create maximum impact.

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Unveiling our generative AI offering: rise above the hype, build value

Avanade

Avanade is using generative AI to help our clients inspire design; overhaul how internal knowledge is shared and discovered; reinvent mission-critical processes and much more.

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TikTok Founder Meets Walmart Chief Privately, Fuels Speculation Over Possible Deal To Avert Ban

Benzinga

Last week, while the U.S. pummeled TikTok CEO Shou Zi Chew over its ties to China , ByteDance founder Zhang Yiming quietly flew to Arkansas to meet with the CEO of Walmart Inc (NYSE: WMT ). However, the topic of discussion between Yimimg and Walmart CEO Doug McMillon remains undisclosed, New York Post reports. Two years ago , Walmart had been in talks to partner with Oracle Corp (NYSE: ORCL ) to buy TikTok’s U.S. operations under pressure.

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The BizEquity Experience

Biz Equity

The BizEquity Experience: It is with great excitement that the BizEquity Valuation Team would like to announce that we are working on a wide range of improvements and additions to our current base online business valuation offering which will be rolled out over the next few months or so. 1) New Owner Compensation Calculation Worksheet (easy access within the tool) to ensure proper and complete entries 2) New Presentation Option which will allow advisors to pick and choose which pages of the repo

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Applying Economics – Not Gut Feel – To ESG

Harvard Corporate Governance

Posted by Alex Edmans (London Business School), on Monday, March 13, 2023 Editor's Note: Alex Edmans is Professor of Finance at London Business School. This post is based on his recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

Finance 278
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Holly Sharp Named as a MoneyMakers Honoree

LaPorte

Holly Sharp, CPA, CFE, CFF, Director of Consulting Services and shareholder at LaPorte CPAs & Business Advisors (LaPorte), has been selected as one of the… The post Holly Sharp Named as a MoneyMakers Honoree first appeared on LaPorte.

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Stepping up: Becoming a high-potential CEO candidate

Mckinsey and Company

The road to becoming CEO is a difficult ascent for even the most seasoned leaders. Here are four keys to making the journey a success.

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Bigfoot? Motörhead? Sources of Learning for Internal Audit Are Everywhere

Internal Audit 360

GUEST BLOG POST O ver recent years, I have found myself watching various specials on TV about the mythical Bigfoot creature. Blurry, distant images of ‘blob squatches’ collected in almost every state can fascinate even the biggest skeptic. We all want to see the evidence, the proof that the big guy is out there lurking in the woods. Indeed, Bigfoot is so popular sometimes I think I have seen him in our local Walmart!

Banking 98
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No, Amazon, You Don't Need 10,000 AMC Screens, This Movie Theater Chain A Better Buy: Analyst

Benzinga

AMC Entertainment Holdings Inc (NYSE: AMC ) is reportedly in the crosshairs of Amazon.com Inc (NASDAQ: AMZN ), as the e-commerce giant has long-coveted a theater chain to bolster the prestige of its movies. According to one analyst, it's looking at the wrong company. "Amazon does not need 10,000 screens to enter the theater business," Wedbush analyst Alicia Reese says.

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DiamondHead Holdings Corp. and Great Southern Homes Announce Closing of Business Combination to Form United Homes Group, Inc.

Business Wire M&A

COLUMBIA, S.C. & NEW YORK--(BUSINESS WIRE)--DiamondHead Holdings Corp. (“DiamondHead”)(NASDAQ: DHHC), a special purpose acquisition company, and Great Southern Homes, Inc. (“Great Southern Homes”), one of the largest homebuilders in the Southeast, jointly announced today that they have closed their previously announced business combination. With the closing, DiamondHead Holdings Corp. has been renamed “United Homes Group, Inc.

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?ESG Battlegrounds: How the States Are Shaping the Regulatory Landscape in the U.S.

Harvard Corporate Governance

Posted by Leah Malone, Emily Holland, and Carolyn Houston, Simpson Thacher & Bartlett LLP, on Saturday, March 11, 2023 Editor's Note: Leah Malone is a Partner, Emily B. Holland and Carolyn Houston are Counsel at Thacher & Bartlett LLP. This post is based on their Thacher & Bartlett LLP memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Banking 274
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Federal Gift Tax Exclusion and Lifetime Estate Tax Exemption

Biz Equity

Introduction Every business owner will need to exit their company at some point in time, whether it be an opportunistic sale, retirement, disability, or other reasons. A well-thought-out exit strategy is paramount to a smooth transition that leaves the owner(s) with the maximum reward for their years of hard work. Advisors and business owners should be aware of current policies that could impact their exit strategies, including upcoming changes to policies involving annual gift tax exclusions an

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Entrepreneur First CEO Matt Clifford on early stage talent investing

Mckinsey and Company

One of Europe’s top talent investors talks about his unique approach to backing companies before they exist and how to find the “edge” in a potential founder.