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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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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. The Guardian ) • Vivek Ramaswamy’s investment firm dials back anti-woke rhetoric. Answers to Your Burning Questions About the Rolex Watch Company. Can He Keep It?

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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.

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What is EBITDA?

Planful

It is often used as a proxy for cash flow and is a measure of operating profit. Analysts and investors often use EBITDA or EBITDA margins to quickly understand the company’s profitability trends and compare it to its peers within the same industry. Common examples are stock compensation expenses or restructuring charges.

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Walmart Shares Up Across The Board On Big Earnings Beats

PYMNTS

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. The headline number was the highly watched same-store sales figure. All-in revenue jumped up 3.8

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The Long Climb Back From Ghana’s Banking Crisis

PYMNTS

billion) for an effort that has seen the number of lenders in the nation reduced by a third to 23, savings and loans companies reduced to 25 from 40, finance houses trimmed to 11 from 19, and micro-finance and micro-credit lenders reduced by roughly 70 percent to 168, from 554. So far the government has paid at least 12 billion cedis ($2.2

Banking 46
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Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

It turns out that gift cards are the preferred mode of payment for an increasing number of fraudsters — 26 percent last year. In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. According to the filing, Sears lists $6.9