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The Good News and Bad News About the World’s Most Troubled Systemic Lender, Credit Suisse

CFO News Room

SNB Chairman Ammar AlKhudairy told CNBC in late October that the stake in Credit Suisse had been acquired at “floor price” and urged the Swiss lender “not to blink” on its radical restructuring plans. . But that number will fall markedly once CS confirms its entire net loss for this year. billion of losses.

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HSBC’s Digital SMB Banking Platform Launches In Beta

PYMNTS

Initially dubbed “Project Iceberg,” HSBC Kinetic aims to connect small businesses with mobile-based banking solutions, including a current account, overdraft and spending and cash flow management analytics. where the FI’s losses were greatest. We haven’t yet sized what that means in terms of the restructuring.”.

Banking 42
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The Long Climb Back From Ghana’s Banking Crisis

PYMNTS

And by all accounts they were entirely serious, as it has been an expensive and comprehensive journey. Hit particularly hard in the crisis are small, individual investors like Isaac and Bless Boahen, who saved and invested for months so she could fund an economics doctorate. So far the government has paid at least 12 billion cedis ($2.2

Banking 46
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Musings on Markets: Control, Complexity and Politics: Deconstructing the Adani Affair!

CFO News Room

The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research, an investing group that specializes in targeting and shorting companies that it believes have dubious accounting and business practices.

Marketing 130
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How to create & use pro forma statements

Cube Software

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. Pro forma statements are also used to secure financing.

GAAP 40
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The Sharing Economy come home: The IPO of Airbnb!

Musings on Markets

Setting the Table As with any valuation, the first step in valuing Airbnb is trying to understand its history and its business model, including how it has navigated the economic consequences of the COVID. In addition, growth in the experiences business will also push this metric upwards, since Airbnb keeps a 20% share of those revenues.

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Transcript: Tom Wagner, Knighthead Capital

Barry Ritholtz

You start out spending five years at Ernst & Young doing hedge fund accounting. WAGNER: Yeah, I started as a certified public accountant and one of the early engagements that I was tasked with was in the space of asset management and I recall doing the audit on Jeffrey Vinik’s very first year as a hedge fund manager.