Rumours have surfaced that Wall Street heavyweight, Goldman Sachs, is looking to offload its Apple Partnership.
According to a report from Reuters, more large businesses in China are increasing their internal mergers and acquisitions teams and relying less on investment banks for intermediary deal support; Fosun, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are examples, with all three reportedly expanding their in-house mergers and acquisitions teams. Source
With controversy around ESG investing coming to a head, solar loans could offer respite, doing good and doing well as an asset class.
Fitch Ratings has upgraded its outlook for Canadian banks from negative to stable; cites solid risk management, increasing profits and better than expected capital positioning as factors for the upgrade; says recent regulatory changes, slow GDP growth, high household debt and decreasing home prices are still concerns for 2017. Source
The VC and startup community are tentatively settling into an optimistic action plan after SVBs failure. SVB Capital is still on the table.
The CCAF released a report showing the impact of COVID-19 on fintech. The verdict? Growth and the potential for increased financial inclusion.
R3 is an enterprise software firm working with a network of over 300 financial institutions, regulators, trade associations, professional services...
Applied Blockchain has been trialling a system for companies to process their invoices on blockchain and in turn will allow the companies to tap the securitization markets; the current trial is with a UK SME called Emplas that makes windows; "Our platform may now allow for securitization of invoices as the underlying for bond issues," Ben-Ari, Founder of Applied Blockchain, tells Euromoney; "It brings transparency as to the ownership and establishes the provenance of invoices for bond buyers in ways that the existing processes and technology simply did not allow." Source
The Federal Open Market Committee raised its target for the federal funds rate to 0.50% to 0.75% at its December meeting; Fed officials also signaled a more aggressive approach for rate increases in 2017 with projections showing the potential for three more rate increases next year; improvements in the labor market, positive GDP growth and stable inflation were key market factors for the rate increase. Source
Changing marketplace practices make it the ideal time for people with stock options to have liquidation opportunities.