Harvard Corporate Governance

JANUARY 25, 2023

By contrast, outside the United States, nearly 80 percent of lending to such firms comes from banks. Global markets are inextricably linked, with money flowing between them in microseconds. For example, debt capital markets account for 80 percent of financing for non-financial corporations in the United States. more…)

Finance 298

Finance Banking Marketability Technology 298

Harvard Corporate Governance

SEPTEMBER 14, 2022

The banking industry has undergone substantial changes since the late 1970s, largely due to deregulation and rapid market developments. Over that period, banks’ growth opportunities expanded, and banks entered new markets, both geographic and product. Cunat and Guadalupe 2009; DeYoung et al.

Banking 202

Banking Equity Firm Value Marketability 202

Harvard Corporate Governance

APRIL 15, 2022

This post is based on his recent remarks before the Joint Meeting of the Financial and Banking Information Infrastructure Committee (FBIIC) and the Financial Services Sector Coordinating Council (FSSCC). As the famous bank robber Willie Sutton purportedly once said, regarding why he robbed banks: “Because that’s where the money is.” [2].

Banking 243

Banking Marketability 243

Machen McChesney

FEBRUARY 8, 2024

Lenders and investors will generally want to review your company’s financial statements before they give it money. Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital.

Equity Financing 88

Equity Financing Equity Finance Banking 88

Appraisers Blog

APRIL 16, 2024

So they charge us $30 and place 1/2 the money into a straw bank account. Yeah, I was told that they just deposit the money in the CEO’s special account. Let’s say ABC Portal charges $15 but the lender also wants $15 for each order. I was told this directly from one of the portals we all use. Blows my mind!

Appraisal 74

Appraisal Banking Marketability 74

Auto Dealer Valuation Insights

DECEMBER 11, 2023

A recent Wall Street Journal article described younger adults’ profound mistrust of the traditional institutions of financial life, such as banks and financial advisors. That doesn’t mean young adults don’t have questions about money, it just means they are more likely to turn to their peers for answers.

Banking 97

Banking 97

Harvard Corporate Governance

MARCH 11, 2023

Individually and collectively, the developments are further fracturing an already complicated landscape for financial services companies, including private investment managers that invest money on behalf of state pensions. 2] In at least one state, banks are fighting back. [3] 3] (more…)

Banking 274

Banking Marketability 274

Appraisers Blog

AUGUST 12, 2023

Mary, I had an itchy feeling that banks are stirring all. Banks set the appraiser fee. Small AMCs default, but the big ones eat from the same plate with the banks… We do not need AMCs, but do not forget, they were implemented to protect appraisers AGAINST BANK ACTIONS… Mortgage companies again are the winners.

Banking 93

Banking Appraisal 93

Auto Dealer Valuation Insights

FEBRUARY 22, 2024

Treasury’s Financial Crimes Enforcement Network (“FinCEN”) proposed a rule to require investment advisors to comply with Bank Secrecy Act requirements, including implementing anti-money laundering (“AML”) controls and filing suspicious activity reports to FinCEN.

Treasury 52

Treasury Banking 52

Reynolds Holding

MARCH 19, 2023

The failure of Silicon Valley Bank to find a buyer opens up the possibility (and the need) for a new kind of bank that is focused on financial stability as well as the traditional banking functions of lending and running payment systems. First is putting deposits with a Global-Systemically Important Bank.

Banking 114

Banking Finance Marketability Equity 114

Reynolds Holding

FEBRUARY 26, 2024

Treasury, Financial Crimes Enforcement Network (“ FinCEN ”) proposed 1 (the “ Proposed Rule ”) to apply affirmative anti-money laundering and countering-the-financing-of-terrorism (“AML/CFT”) program obligations as prescribed by the Bank Secrecy Act (the “ BSA ”) to investment advisers.

Venture Capital Fund 45

Venture Capital Fund Treasury Banking Finance 45

Reynolds Holding

FEBRUARY 28, 2024

In particular, I examine how the intersection of commercial and bankruptcy law creates uncertainty whether a transfer of money may be avoided (that is, rescinded) as preferential. A check is a type of draft: a request from one party, X (the drawer), to X’s bank (the drawee bank) to pay a third party, Y (the payee).

Banking 59

Banking 59

Appraisers Blog

MAY 3, 2024

There is no safe return on our money. Placing your savings in a bank, that’s a joke. There will be a change in our society when people wake up and realize how much Reagan screwed us over (Iran – Contra) with the unions. He gave Iran the arms. Now look where we are with that. The education process stinks.

Appraisal 67

Appraisal Banking 67

Reynolds Holding

MARCH 28, 2024

Treasury Department, issued a Notice of Proposed Rulemaking (“Proposed Rule”) that would extend certain anti-money laundering program requirements to: investment advisers registered (“RIAs”) with the Securities and Exchange Commission (“SEC”); and investment advisers that report to the SEC as exempt reporting advisers (“ERAs”).

Compliance 45

Compliance Banking Treasury Venture Capital Fund 45

Viking Mergers

JULY 19, 2022

The Tar Heel State was also praised by CNBC for its Access to Capital – namely, Bank of America and Truist Financial, both based in Charlotte – dubbing it a sort of “home field advantage.” Regarding this point, Offerdahl added, “[Bank of America and Truist Financial] are the big money. So, the big money is here, yes.

Banking 130

Banking Marketability 130

Harvard Corporate Governance

MARCH 9, 2023

For instance, in 2012, HSBC Bank USA N.A. and HSBC Holdings plc (collectively, “HSBC”) entered into a deferred prosecution agreement with the Department of Justice due to issues with their money-laundering program and due diligence practices.

Compliance 228

Compliance Banking 228

Harvard Corporate Governance

FEBRUARY 20, 2023

These IPOs have faced criticism for leaving too much money on the table, defined as the difference between the market value of the shares sold and the issue proceeds. In auction IPOs and direct listings, investment banks do not have such discretion.

Finance 238

Finance Banking Marketability 238

Harvard Corporate Governance

APRIL 12, 2023

Although the suits cover a diverse range of industries, the largest portion of the suits involved the education and schooling industry (5), the retail industry (4), and the software and programming, money center banks, and biotechnology and drug industries (3 each). more…)

Banking 297

Banking 297

Harvard Corporate Governance

JULY 25, 2022

In our paper, Can we trust the accounting discretion of firms with political money contributions? IPOs , which was recently accepted for publication in the Journal of Accounting and Public Policy , we investigate the use of accounting discretion by initial public offering (IPO) firms with political money contributions (PMCs).

Finance 189

Finance Banking 189

Appraisers Blog

FEBRUARY 18, 2024

Pretty sure like you hasn’t made that money ever. Laughing all the way to the bank, thanks to who don’t want to do desktops. I never said I enjoy making less than a Target employee, I do desktop appraisals because I am handicapped. I made over 80k last year doing desktops. By the way, its part time to.

Banking 72

Banking Appraisal 72

NYT M&A

APRIL 24, 2023

Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.

Banking 73

Banking Mergers & Acquisitions 73

Financial Times M&A

APRIL 4, 2023

Goldman Sachs, Bank of America and Credit Suisse unload remnants of deal struck in the easy money era

Banking 83

Banking 83

Harvard Corporate Governance

MARCH 15, 2024

Miles, Skadden, Arps, Slate, Meagher & Flom LLP, on Monday, March 11, 2024 Tags: Board of Directors , Campaign finance , committees , Congressional elections , Pay to play , Presidential elections , transitions Banking and Antitrust Posted by Saule Omarova (Cornell University and Yale University) and Graham Steele (U.S.

Banking 100

Banking Treasury Compliance Marketability 100

Gergory Caruso

FEBRUARY 20, 2024

When navigating turbulent economic waters – every employee, their families, their financial hopes are banking on your decisions. While ambitious growth may beckon, remember, calculated risks are still risks.

Business Valuation 52

Business Valuation Banking 52

The Guardian M&A

APRIL 21, 2022

Tesla CEO is putting $21bn of his own money in the package, according to US watchdog filing Elon Musk has secured $46.5bn (£35.6bn) in financing to fund a possible hostile bid for Twitter and is putting up $21bn of his own money as part of the package. Continue reading.

Debt Financing 98

Debt Financing Finance Banking Equity 98

Reynolds Holding

JUNE 20, 2023

Substantively, banks are pooled investment funds, like mutual funds, exchange traded funds, and so on: They take people’s money and use it to buy financial assets. But that is not true with banks, because a bank’s depositors can completely avoid its losses by nimbly taking their money out before the bank fails.

Banking 59

Banking Marketability Finance 59

Reynolds Holding

APRIL 10, 2024

Since the collapse of SVB, Credit Suisse, and other smaller banks that year, many reform proposals have focused on stronger ex-ante prudential measures, such as higher capital and liquidity rules ( Admati et al., The runs spotlighted once again the limit on prudential norms. 2023 ; Dewatripont et al.,

Banking 59

Banking Going Concern Value Dividends Marketability 59

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 76

Banking Equity Start-ups Treasury 76

Appraisers Blog

NOVEMBER 8, 2023

The Banks don’t WANT protection, they want to make money. In reply to Baggins. My friend, I’ve spent 40 years in the Real Estate business, including 30 as an appraiser. To do that, they simply want to do every deal they can, and sell off the paper. We don’t got no Badges. We don’t need no Badges!

Appraisal 75

Appraisal Banking 75

Appraisers Blog

MAY 23, 2023

Some one signed a contract that they would pay “x” for said residence and putting down “x” in earnest money and/or an actual down payment. The bank is asking if the assets are worth the note being sought at a minimum, yes or no. The sales contract is a piece of market data that needs to be analyzed.

Appraisal 88

Appraisal Banking Marketability 88

Valutico

FEBRUARY 27, 2024

For central banks like the Federal Reserve, it helps control the economy. They set this rate to affect how much money moves through banks and influences short-term interest rates. It’s vital to determine the correct discount rate for company valuation, factoring in the time value of money. What is a discount rate?

Discounted Cash Flow 52

Discounted Cash Flow Risk Premium Risk-free Rate Weighted Average Cost of Capital 52

Harvard Corporate Governance

MARCH 27, 2024

My dad invested because he knew that whatever money he put in the bond or stock markets would likely grow faster than in the bank. If my parents had $1,000 to invest in 1960, and they put that money in the S&P 500, then by the time they’d reached retirement age in 1990, the $1,000 would be worth nearly $20,000. [1]

Finance 65

Finance Banking Marketability 65

N Contracts

SEPTEMBER 1, 2022

The pandemic fundamentally changed much of our world, including Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance.

Compliance 71

Compliance Banking 71

Brian DeChesare

OCTOBER 4, 2023

And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day. Everyone was locked up inside, and many turned to day trading for entertainment and money (in between binge-watching shows on streaming services). Dumb Money has none of this.

Finance 96

Finance Start-ups Banking Marketability 96

Law 360 M&A

MARCH 20, 2023

Should I move my money? What do I do with the letter of credit from the bank? 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.

Banking 52

Banking 52

Auto Dealer Valuation Insights

OCTOBER 16, 2023

Noticing “money sent back to my bank. One piece of that legislation that will impact every taxpayer is an increased IRS of roughly $80 billion over the next ten years. The Tax Foundation analyzed how the IRS plans to deploy additional funding, as shown in Figure 1.

Banking 52

Banking 52

N Contracts

MAY 5, 2022

Financial institutions that provide banking services to cannabis businesses and cannabis-related businesses put themselves at risk for violating anti-money laundering laws.

Banking 83

Banking 83