Musings on Markets

FEBRUARY 8, 2025

I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value.

Hurdle Rate

Musings on Markets

JULY 31, 2025

On the other, I worry about people using these premiums in their valuations, without understanding the choices and assumptions that I had to make to get to them. There are many services that estimate country risk scores, including the Economist and the World Bank, but I have long used Political Risk Services (PRS) for my scores.

Numbers

CFO Talks

APRIL 23, 2025

Derivatives Arent Just for Banks You hedge because volatility eats margin. If your treasury policy is a Google Doc last touched in 2022, its time for a rethink. Treasury bills, short-term deposits, callable structures, theyre not about squeezing returns. Interest rate swaps, forward cover, optionsthese arent exotic.

IFRS

Barry Ritholtz

APRIL 17, 2025

So I bought Silicon Valley Bank options (SVB) right after it got cut in halfbut right before it went to zero. My advice was not based on fear of a bubble or the (over)valuation of Yahoo; rather, I suggested employing a regret minimization framework.2 I was up so much on that trade that my trading demons were emboldened.

Investments

The Big Picture

JULY 1, 2025

Velina Peneva : So when I was a junior in college, I tried to get an internship and I was looking at the typical paths of consulting or banking. It was the best from the investment banking teams. Like how noisy and, and or in significant is everything around central bank activity. Tell what was that experience like?

Investments

Global Finance

APRIL 5, 2025

Last year, investment banks correctly predicted a boom in stock issuance. Global inflation eased and major central banks began to cut interest rates: encouraging developments for equity issuers and investors. TM Africa Chapel Hill Denham Banks in Nigeria have been facing statutory pressures to recapitalize. of volumes.

Investments

Barry Ritholtz

APRIL 8, 2025

Barry Ritholtz : So you leave Sanford Bernstein and then, which had really become Alliance Bernstein end up at Merrill Lynch, where eventually your same role Chief Investment Officer for Bank of America Merrill Lynch Wealth Management first, what did, was there still remnants of Mother Merrill when you joined post merger?

Mergers and Acquisitions (M&A)

The Big Picture

JULY 15, 2025

You know, our roots were very much as a, a private client oriented firm that also had great trading and investment banking and everything else. And then Bank of America bought, bought Merrill, and, and they were great. And then number three is gonna be sentiment and valuation. So, so valuation is going to reflect sentiment.

Investments

Barry Ritholtz

JANUARY 27, 2025

Not really related to the Barings Bank of, of old, you know, if I think of Barings Bank, you think of the, the bank that blew up when you had an unauthorized trader acting out, as well as the first bank in China and Japan and finance. Most of what they do are, are real assets, credit debt, middle market banking.

Mergers and Acquisitions (M&A)

CFO Dive

JULY 22, 2025

Market volatility serves as a critical barometer for IPO activity,” signalling investor expectations for future price movements and influencing “sentiment, valuation multiples and public market receptivity to new offerings,” EY said. You can unsubscribe at anytime. © 2025 TechTarget, Inc. or its subsidiaries. All rights reserved.

Marketing

Musings on Markets

FEBRUARY 6, 2025

I am no expert on exchange rates, but learning to deal with different currencies in valuation is a prerequisite to valuing companies. Thus, if the US treasury bond rate (4.5%) is the riskfree rate in US dollars, and the expected inflation rates in US dollars and Brazilian reals are 2.5%

Currencies

CFO Dive

JULY 31, 2025

Dan Kitwood via Getty Images Dive Brief: Nearly one in four (23%) CFOs anticipate their treasury departments will accept cryptocurrencies as a payment method, or purchase such assets as investments, within the next two years, according to a recent survey by Big Four firm Deloitte found. You can unsubscribe at anytime. or its subsidiaries.

CFO

CFO Dive

JULY 10, 2025

This should mean there are more tax shields, more debt capacity, and a relative valuation boost for asset-heavy U.S The question is whether the bill’s long-term debt load will come back to clip valuations once the sweeteners expire.” You can unsubscribe at anytime. Deals Platform Leader Kevin Desai said in an email. TechTarget, Inc.s

Mergers and Acquisitions (M&A)

Musings on Markets

MARCH 15, 2025

Global Institutions : While the World Bank and the IMF predate the globalization shift, their power has amped up, at least in many emerging markets, and the developed world has created its own institutions and agreements (EU and NAFTA, to name just two) making it easier for businesses and individuals to operate outside their domestic borders.

Investments

CFO Dive

JULY 31, 2025

Dive Insight: On the heels of the better-than-expected quarterly earnings, Microsoft’s stock price jumped 5% on Thursday, pushing the companys valuation beyond the $4 trillion mark, according to a CNBC report. The company joined chipmaker Nvidia, which hit $4 trillion for the first time earlier this month, the report said. TechTarget, Inc.s

CFO

CFO News Room

FEBRUARY 6, 2022

TIPS have suddenly moved to center stage for investors, as the surge in inflation has drawn new interest in Treasury inflation-protected securities. Rising interest rates can hit their valuation. This has already happened in the past three months; rates on 10-year Treasury notes have risen to 1.930% from 1.431% in early November.

Treasury

Future CFO

FEBRUARY 7, 2024

Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. The post Navigating treasury trends in 2024: challenges, strategies, and the role of technology appeared first on FutureCFO.

Treasury

Nerd's Eye View

OCTOBER 4, 2023

Furthermore, inflation, though down from its peak in early 2022, remains above the Federal Reserve's long-term target of 2% despite the bank's attempts to tamp it down. What's driving many of the economic conditions today are higher interest rates resulting from the Fed's efforts to fight inflation.

Valuation

PYMNTS

SEPTEMBER 18, 2018

TD Bank is announcing a FinTech collaboration today (Sept. The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. ” This is TD Bank’s latest FinTech collaboration targeting the corporate segment. .” bank to work with BizEquity.

Banking

CFO News Room

FEBRUARY 6, 2022

Global markets have been volatile in recent weeks as the Federal Reserve has prepared to raise interest rates for the first since 2018, and other major Western central banks have also become more hawkish. Treasury yield declined to 1.903%, according to Tradeweb. markets in Monday’s trading session.

Benchmarking

PYMNTS

JANUARY 8, 2021

In today’s top digital-first banking news, clients of BBVA subsidiary Simple Bank are reportedly getting emails telling them that Simple is closing and the intent is to move them to BBVA, while the Treasury Department announced that stimulus Visa debit cards are being mailed to homes.

Banking

CFO News Room

JANUARY 9, 2023

By the start of 2022, the window for early action had closed and for much of this year, inflation has been the elephant in the room, driving markets and forcing central banks to be reactive, and its presence has already induced me to write three posts on its impact.

Treasury

CFO News Room

JANUARY 21, 2023

While we have increasingly given central banks primacy in discussions of interest rates, it remains my view that markets set rates, and while central banks can nudge market expectations, they cannot alter them.

Treasury

Nerd's Eye View

APRIL 3, 2024

Notably, the work-from-home movement has resulted in a dramatic drop in office valuations that could lead to a whole host of issues, including lending constraints in the banking sector, which is already sitting on a mountain of unrealized losses on Treasuries and mortgages.

Economics

PYMNTS

MAY 8, 2020

Investors found promise in startups that target financial institutions (FIs) with software to improve their own services, as well as FinTechs that offer small business solutions by wielding their bank data. But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding.

Securities

CFO News Room

JANUARY 14, 2023

Inflation: The Full Story. I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation.

Treasury

PYMNTS

MARCH 26, 2019

billion acquisition of treasury management technology firm Kyriba , according to Private Equity News reports on Monday (March 25). The deal would mark a significant increase in valuation for the firm, which was valued at about $350 million in 2017, when Sumeru Equity Partners provided $45 million in growth equity for the firm. (At

Treasury

Musings on Markets

SEPTEMBER 27, 2022

By the start of 2022, the window for early action had closed and for much of this year, inflation has been the elephant in the room, driving markets and forcing central banks to be reactive, and its presence has already induced me to write three posts on its impact.

Treasury

PYMNTS

DECEMBER 4, 2018

TD Bank is introducing new services in Canada designed to address the unique financial services needs of the healthcare sector. Earlier this year, TD Bank announced a partnership with Bottomline Technologies’ Paymode-X with Visa Payables Solutions, allowing corporate customers to streamline their B2B payments via check, card and ACH.

Healthcare

Global Finance

OCTOBER 9, 2024

Bank partnerships proliferate as the quest to deliver real-time payments intensifies. When it comes to processing payments, it’s better for a bank to be “always on,” says Debopama Sen, Citi Services’ head of Payments in the Treasury and Trade Solutions business. But with added speed comes added risk. Why settle for slow?

Mergers and Acquisitions (M&A)

Musings on Markets

JANUARY 27, 2022

While we have increasingly given central banks primacy in discussions of interest rates, it remains my view that markets set rates, and while central banks can nudge market expectations, they cannot alter them.

Currencies

PYMNTS

DECEMBER 4, 2020

Stripe to Offer Banking as a Service to Merchants on Its Platform. Stripe announced Stripe Treasury on Thursday (Dec. 4), a new service that will offer debit cards, bank accounts and other financial services to online merchants and vendors using Stripe’s payment processing platform. trillion, up more than one-third.

Mergers and Acquisitions (M&A)

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. For an investment to be risk free then, it has to meet two conditions.

Investments

Musings on Markets

JULY 17, 2023

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century.

Marketing

Musings on Markets

MAY 6, 2022

Inflation: The Full Story I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation. As treasury rates have risen, markets also seem to have been more wary about risk, and how it is being priced.

Treasury

Simply Treasury

FEBRUARY 27, 2020

Central banks are desperately trying to stimulate their economies without really getting there and after using an incredible and unprecedented fighting arsenal. It is the central banking world that is upside down. This is indeed a Cornelius dilemma to be solved. How can inflation be avoided while boosting the economy and employment?

IFRS

PYMNTS

JULY 15, 2020

The company had initially aimed to raise 700,000 pounds ($881,000) at a valuation of 12 million pounds ($15.1 It is said to use open banking to free micro-SMBs from their financial institutions (FIs) as well as provide money management, according to Crowdfund Insider. million), Crowdfund Insider reported. It notched 1.8

Accounting