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10 Weekend Reads

Barry Ritholtz

Will we soon see a life-changing jump in younger generations’ net worth? Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US.

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

This challenge often emerges with small businesses (SMBs) that are not large enough to fit into a bank’s corporate and treasury services unit, and are, therefore, forced into being serviced with consumer-targeted products. “There is a specific need for these families,” she told PYMNTS in a recent interview.

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RBI To Allow Non-Bank And UPI Methods For FASTags Payments

PYMNTS

The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the Business Standard. . The bank is going to allow non-bank prepaid payments (PPIs) and Unified Payments Interface (UPI) to link to FASTags, which is used to pay for things like tolls and parking.

Banking 52
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Analyst: Apple Card Acquisition Costs Estimated At $350 Per Cardholder

PYMNTS

The Apple Card looms, with a rollout that began last week through Goldman Sachs, and according to at least one analysis, the card might underwhelm consumers, lead to muted results (at least at the outset) for its tech and banking backers, and for Goldman, even lead to losses, depending on the economic climate.

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Russia in Ukraine: Let Loose the Dogs of War!

CFO News Room

Finally, I looked at firms based upon price to book ratios as of January 1, 2022, as a rough proxy for growth/maturity, and at net debt to EBITDA multiples, as a measure of indebtedness: In this crisis, the conventional wisdom has held, at least so far, with mature companies holding their values better than growth companies. Source link.

Economics 130
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In Wake of Vantiv for Worldpay, Europe Beckons?

PYMNTS

It is a privately held payments business that is (gulp, gasp) profitable and grew revenue at 99 percent annually, as measured in total 2016 gross sales at $727 million (net of transaction costs that tally was up 65 percent), as noted this year by Recode , profits nearly doubled to $87 million.

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How cloud accounting made me enjoy the finance industry again

Creative CFP

The tag line was “Real-time accounting”. The cloud accounting software links directly with your bank. I am not bound to a desk anymore. ▪︎ AUTOMATION IS THE NAME OF THE GAME I have mentioned the automatic bank feeds already, but this is only the beginning of automation in Xero. How incredible is this!