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Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid Debit Card

PYMNTS

Amazon could be in talks to acquire the clothing retailer JCPenney, which officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Uber Refocuses Business, Cuts 3K Jobs.

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DOJ Discloses Terms Of Agreement In Sprint, T-Mobile Merger

PYMNTS

The Department of Justice (DOJ) said on Friday (July 26) that it has come to an agreement on the merger between Sprint and T-Mobile , which is worth $26 billion, according to a report by CNBC. Dish will get at least 20,000 cell sites and hundreds of retail stores. Treasury in the neighborhood of $2.2

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Banks, Build Vs Buy And The Great Digital Shift

PYMNTS

As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. And, generally speaking, the strategy that exists in M&A boils down to a binary choice: build vs. buy.

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Today In Payments: Stripe To Offer Banking As A Service To Merchants; Affirm Expands Canadian Presence With PayBright Buy

PYMNTS

Morgan analysts predict merger and acquisition deals to continue to surge through the holiday season. Stripe announced Stripe Treasury on Thursday (Dec. Buy now, pay later (BNPL) payments startup Affirm announced its acquisition of Canada’s installment payments firm PayBright. trillion, up more than one-third.

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Weekend Reading For Financial Planners (Nov 5-6) 2022

CFO News Room

Why the torrid pace of RIA mergers and acquisitions activity seen in recent years could slow down in the current market and interest rate environment. The biggest development in the RIA custodial platform space during the past few years has been Charles Schwab’s acquisition of TD Ameritrade.

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Transcript: Steven Klinsky

Barry Ritholtz

KLINSKY: I’m a big fan of both of them and a big fan of the JD/MBA program and involved with both schools still today. I’m a big fan of multidisciplinary approaches. He eventually goes to a Forstmann Little where he’s one of the first five founding partners. They grew a business where they issued junk debt.

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Transcript: Rick Rieder

Barry Ritholtz

RITHOLTZ: Was this a distressed acquisition or — RIEDER: It was. And they took two of us, and I’m not sure how I made it through the strainer. He helps to oversee $2.5 trillion in various investments. I can keep babbling about how fascinating I found this discussion. You graduate Emory University with a degree in finance.