Know What's Happening in Finance
Know What's Happening in Finance
Klarna secures $1.7B risk transfer and $2B funding facility to boost lending
Klarna unveiled a $2 billion forward‑flow facility with Elliott Investment Management that will back up to $17 billion of U.S. loan originations over the next three years. It also completed a €1.7 billion Significant Risk Transfer led by Värde Partners, freeing capital for broader lending.
Also developing:
Security National Financial Corporation reported a strong 2025 fiscal year, with after‑tax earnings from operations climbing 10.8% to $32.2 million and revenue rising 3% to $344.6 million. The Life Insurance segment delivered its best operational year, posting a 5.1% revenue increase and a 7.6% rise in earnings before taxes. Cemetery and Mortuary operations posted an impressive near‑30% EBITDA margin, while the Mortgage segment turned a profit, improving net income 74% despite flat revenue. Earnings per share grew to $1.26 and book value per share reached $16.54.
The One Big Beautiful Bill (OB3), enacted in July 2024, reshapes renewable energy tax credit eligibility by adding prohibited foreign entity (PFE) and foreign entity of concern (FEOC) restrictions. Treasury’s interim guidance (Notice 2026‑15) introduces a material‑assistance cost ratio (MACR) for...
The software debt wall: * $40B maturing 2028, mostly junk-rated * 53% rated B- or lower * a third of them already trading at 80¢ on the dollar * distressed software loans doubled in jan to a record $25B * banks now restricting lending to...
India’s central bank has fined fintech payments platform Cashfree Payments ₹3.1 lakh for breaching payment aggregator and gateway regulations. The RBI’s inspection of Cashfree’s activities from April 2024 to June 2025 uncovered an impermissible debit from the company’s escrow account, prompting a show‑cause...
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The article provides a comprehensive overview of financial accounts, defining them as record‑keeping tools that track money flowing in and out of individuals or organizations. It outlines the primary types—checking, savings, investment, and credit accounts—and highlights their distinct functions, from...
The U.S. Securities and Exchange Commission has issued a proposal to amend Exchange Act Rule 15c2-11, limiting its scope exclusively to equity securities. The rule, originally designed to curb manipulative practices in the over‑the‑counter (OTC) market, will now clarify that its...
VNET Group reported a 19.6% year‑over‑year revenue increase in Q4 2025, driven by higher demand for its data‑center and cloud services. However, adjusted earnings fell to $0.04 per share, missing the consensus $0.18 estimate by 78.2%. The earnings miss highlights...
the vendor finance structure: – seller carries 100% as a note – 9–12 month payment holiday – business services its own debt – personal capital deployed: $0 legal common available
LACERA, the nearly $90 billion Los Angeles County Employees Retirement Association, has reported solid gains from its expanding private‑infrastructure programme. The pension fund deepened its exposure through direct equity stakes and co‑investment partnerships, targeting sectors such as transport, renewable energy and social‑impact...
Preparation for liquidity crisis to minimize repo/money market volatility that are threatening credit spreads due to oil spike and growth contraction from Trump trapping US-Israel War on Iran. #HYOAS “The Fed now holds about $358B in Treasury bills. That’s higher than the...
Science Applications International Corp. reported Q4 2025 adjusted earnings per share of $2.62, topping Wall Street forecasts, while revenue slipped to $1.75 billion, missing consensus estimates. On a GAAP basis the company posted net income of $85 million, or $1.87 per share,...
Governments worldwide are moving from periodic e‑invoicing mandates to continuous, real‑time transaction controls, SAF‑T reporting, and tighter VAT enforcement. This shift exposes the limits of fragmented compliance projects that treat e‑invoicing as the sole tax solution. Sovos argues that enterprises...
Verizon will overhaul its financial reporting starting Q1 2026, breaking revenue into mobility‑broadband, wireless equipment, and other streams for both consumer and business units. The change follows CEO Dan Schulman's "full reboot" and a 13,000‑person workforce reduction. Analyst Brandon Nispel of...
ROIC, and ROA and ROE are the strongest predictors of stock performance. Each measures how efficiently a company converts capital into profits. Interest Coverage (EBIT / interest expense) captures financial strength and ability to service debt. Markets reward companies that: • generate high...
Norman Marks argues that not every risk needs a precise numerical value, but quantification becomes essential when risk acceptability is unclear. He emphasizes that risk is a distribution of outcomes and that both upside and downside should be measured to...
National Car Parks (NCP), which runs over 340 airport car parks across the UK, has entered administration after a prolonged cash shortfall and falling occupancy rates. Administrators PwC will oversee a restructuring while 680 staff face job uncertainty. The company’s...
Clēnera, the U.S. arm of Enlight Renewable Energy, secured US$304 million to fund the 120 MW Crimson Orchard solar‑plus‑storage project in Idaho. The development pairs 120 MW of photovoltaic capacity with 400 MWh of battery storage and is under construction in Elmore County. Clēnera...
Broward Health secured a $97 million loan from UMB Bank to construct a six‑story, 114,000‑square‑foot medical office in Deerfield Beach, featuring 75 exam rooms focused on cardiovascular, neuroscience and orthopedics. The facility, adjacent to the Broward Health North campus, is slated...
Congressional activity this week is dominated by a major banking reform vote, as the Federal Reserve, OCC and FDIC plan to adopt the final phase of Basel II on Thursday, modestly reducing capital requirements for large banks and eliminating duplicate...
Fubon Financial Holding reported a record‑high year for 2025, posting the top net profit and earnings per share in Taiwan's financial holding sector. All three banking units, along with Fubon Securities and Fubon Insurance, delivered record earnings, while Fubon Bank...
OCI N.V. delivered its second‑half and full‑year 2025 unaudited results, reporting a 6% revenue increase and an 8% rise in net income despite ongoing geopolitical instability. CFO Beshoy Guirguis outlined the financial highlights, while CEO Hassan Badrawi emphasized employee safety and previewed...
I've built P&Ls for 100+ companies. The best ones all look like this. Simple. Clean. Boring, even. And that's the point. I used to overcomplicate everything. 50 accounts. Color coded sections. Fancy formatting. Looked impressive. Nobody understood it. Including the CEO who was...
The U.S. 10‑year Treasury yield is projected to climb into a 4.25‑4.5% band before easing back toward 4%, driven by higher nominal and real yields after the war’s shock. Even as the conflict winds down, inflation expectations remain structurally elevated,...
MoCaFi, a fintech focused on the unbanked and underbanked, filed for Chapter 7 bankruptcy and entered liquidation after losing a central revenue program. The loss stemmed from a failed partnership with BNY on the Treasury Department’s Direct Express benefits platform, which the...
Late 2025 saw long‑term U.S. Treasury yields climb even as the Fed signaled easing. The divergence stems from stubborn inflation, heightened global bond issuance, and waning central‑bank demand. Active managers now recommend tilting toward intermediate‑term Treasuries, high‑quality corporates, and municipals...
Finance is evolving from a score‑keeping function to a decision‑speed engine, with CFOs now seen as "Chief Future Officers" who must turn uncertainty into actionable insight. Slow, rigid forecasting and budgeting cycles are the primary bottleneck, turning forecasts into historical...
Annaly Capital is moving beyond its traditional agency mortgage REIT model, adding residential credit assets and mortgage‑servicing rights. The transition has left its common stock overvalued, trading above book value and showing a history of dividend cuts. In contrast, the...
Credit health is a critical engine for new ventures, influencing borrowing costs, access to capital, and supplier relationships. A strong business credit score unlocks lower interest rates, longer payment terms, and emergency financing, while poor credit forces reliance on personal...
SEBI has introduced a new clause that eases settlement guarantee fund (SGF) norms for commodity exchanges by allowing adjustments based on prevailing market conditions. The regulator can now grant case‑by‑case exemptions after deliberation, aiming to reduce capital burdens while preserving...
Private equity firms are actively targeting HVAC service providers and component manufacturers as deal flow intensifies. Scaled residential HVAC platforms are commanding valuations of 16‑19 times EBITDA, while commercial HVAC transactions span a broader 10‑17 times EBITDA range. The disparity...
$LNSR spread to the $14 cash offer back to ~40% after the latest update. Co disclosed a credit line allowing it to borrow up to $9.2m. Market seems to read this, together with the last update, as a signal that the...
San Miguel Corp (SMC) posted a 52% jump in core net income to P79.6 billion in 2025, driving total reported earnings to P94.7 billion. Revenue reached P1.5 trillion, buoyed by strong performance in food, spirits and infrastructure while power assets were de‑consolidated. San...
Kudwa, a UAE‑USA fintech SaaS, secured $1.1 million in a round led by 1818 Venture Capital, F6 Ventures, Sparked VC, IM Fndg and IVP. The AI‑powered finance manager automates reporting, forecasting, and insights, linking to ERP and accounting systems. The capital...
Bank of America raised its 2026 forecast for investment‑grade debt sales to hyperscalers by 25%, now projecting $175 billion in total issuance. The bank still expects $65 billion of new hyperscaler bonds to be issued this year. The revision follows Amazon’s $54 billion...
AI-driven data‑center spending is flooding bond markets with unprecedented infrastructure debt, exemplified by the $27 billion Beignet Investor joint venture between Meta and Blue Owl. T. Rowe Price warns that many of these bonds are concentrated in a handful of hyperscaler tenants, creating...
Elon Musk’s AI startup xAI is recruiting Wall Street bankers, portfolio managers, traders and credit analysts to train its Grok chatbot on complex financial products such as leveraged loan syndications and CLOs. The move follows job postings that describe data‑annotation...
The Dutch FonQ Group, owner of the fonQ and Naduvi home‑decor brands, has filed a court request for a stay of payments. The company, which began a turnaround in mid‑2025 under a new board, says it lacks sufficient cash to...
Hexcel announced that James (Jamie) Coogan will assume the role of executive vice president and chief financial officer on May 1, 2026, reporting to CEO Tom Gentile. Coogan brings more than two decades of finance, accounting, and investor‑relations experience, most recently as...
Fintech firms are urging state legislatures to adopt a uniform 36% interest‑rate cap on consumer loans, echoing the long‑standing ceiling used by traditional credit‑card issuers. The American Fintech Council, representing buy‑now‑pay‑later and earned‑wage‑access companies, is actively lobbying in states such...
Townsquare Media posted Q4 2025 net revenue of $106.5 million, a 9.6% decline from the same quarter a year earlier, and recorded a $4.8 million net loss after earning $25 million in Q4 2024. Segment results showed a 14.8% drop in total digital...
Build America Mutual Assurance Company (BAM) saw Kroll Bond Rating Agency (KBRA) upgrade the outlook on its Fidus Re Series 2022-1 financial guarantee ILS to Positive, while reaffirming AA+ on the 2021-1 series and AA on the 2022-1 and 2025-1...
John Risley’s CFFI Ventures Inc. has moved its $1.4 billion debt restructuring into federal court under the Companies' Creditors Arrangement Act after creditors rebuffed a provincial plan that would hand assets to its largest lender, HPS Investment Partners. The Nova Scotia...
Apollo's listed BDC, $MFIC, trades at a -27.2% discount to NAV with non-accruals of 2.6%, PIK of 4.8%, and software exposure of 11.4% While it doesn't stand out via its market average NAV discount, it does stand out on capital allocation....
Everyone's focused on Hormuz. The real story is private credit. 40% of borrowers have negative cash flow. Gates are closing. Redemption queues forming. 2008 rhymed with mortgage-backed securities. 2026 rhymes with private credit. https://t.co/f00SJOo37T
MTN Group announced a R6 billion share‑buyback programme targeting 1.7 %‑2 % of its equity over the next three years. The initiative is part of an enhanced shareholder remuneration framework that also guarantees a minimum 40 % free‑cash‑flow dividend, with a potential additional 20 %...
On the eve of St. Paddy's day I raise a glass to my Irish friends -- offer a toast their international tax wizardry. Every international tax initiative, and every US tax reform, somehow ends up increasing the Irish corporate tax...
Six months after go-live, the CFO asks: “Why are we still in Excel?” Most software failures don’t begin in implementation — they begin in selection. Rob Konferowicz shares how FP&A teams can design a selection process that survives messy data and real workflows.
The Bank for International Settlements (BIS) recommends that synthetic risk transfers (SRTs) be incorporated into system‑wide stress tests to expose hidden vulnerabilities. SRT usage has expanded fivefold since 2016, covering roughly €800 billion of loan portfolios and delivering about 43 basis...
BlackRock restricted withdrawals on its $26B private credit fund. Blackstone got $3.8B in redemption requests. JP Morgan cut lending to private debt funds. When the exits close, the panic starts. https://t.co/OW9SaL4vZA
Ortec Finance has launched GLASS PRISM, a strategic asset allocation (SAA) optimizer that leverages its Scenario‑Based Machine Learning (SBML) engine. The tool replaces static, mean‑variance models with a forward‑looking, multi‑scenario framework that can handle non‑linear, multi‑period objectives and constraints. Designed for...
