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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Foley has worked with SPAC mergers in the finance sector before, with one of his private ventures working with Blackstone in 2017 to buy insurer Fidelity & Guaranty Life. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp., but that is not involved in the deal with Paysafe, Bloomberg reported.

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Cyberattacks, Fraud Cost UK SMBs Nearly $11B

PYMNTS

billion due to cyberattacks , fraud, terrorism and other risk factors, according to new research by insurance broker Gallagher. Seventeen percent also said they spent more than $12,000 to address the issue, while 9 percent said the price tag exceeded $24,400. Small businesses in the U.K. lost an estimated $10.74 on Wednesday (Aug.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

And they’ve all been focused on, if you think about the big macro trends going on in the industry, one is private markets are here to stay. And they’re here to stay, one, take private credit. As the big banks moved upscale, they left a void underneath and private markets stepped right in. RITHOLTZ: Right.

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The Difference Makers: Key Person(s) Valuation

Musings on Markets

From Alfred Sloan at General Motors to Jack Welch at General Electric to Steve Jobs at Apple, there is a history of CEOs being tagged as superstars (and indispensable to the organizations that they head), in successful companies.

Valuation 113
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The Great Twitter Hack And Power Of Social Engineering

PYMNTS

Apart from celebrities, Apple and Uber were also tagged in the hacking event that occurred Wednesday (July 15). As you know, millions of your users rely on your service not just to tweet publicly but also to communicate privately through your direct message service,” Hawley wrote. “A

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How To Accelerate Client Growth As An Advice-Only Firm

CFO News Room

Michael: So out of curiosity, just for some people, email’s a little bit of a private space. Michael: So just literally, client’s got an expenditure from such and such restaurant, you tag that as, that’s a restaurants thing. But then everything that he was recommending was about life insurance. Mindy: Yeah.

Planning 130
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The Challenges Of Securing The Smart Cities Of Tomorrow

PYMNTS

And “waiting on the wings,” in fact, maybe a slightly misleading way to tag that. While private industry has been the more favored target of cybercriminals — enterprising cybercrooks in the digital fraud world now eye towns and cities as excellent places to infiltrate and shakedown. Cybercrime Comes To Call In Cities Large And Small.