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:
Saturn Oil & Gas Inc. posted a stronger fourth‑quarter 2025, with revenue climbing 12% year‑over‑year and net loss narrowing to C$8.3 million. The company added 5 million barrels of oil‑equivalent proved reserves, driven by successful drilling in its Western Canada assets. Capital expenditures reached C$120 million, reflecting accelerated development of the Aurora and Borealis fields. Management raised its 2026 production guidance to 30,000 BOE per day, underscoring confidence in the growth trajectory.
OCR director Paula Stannard told HIMSS attendees that the HHS Office for Civil Rights is still reviewing 4,700 public comments on the Biden‑era HIPAA Security Rule proposal, which would impose stricter controls and longer implementation timelines. She warned that the...
Third Harmonic Bio, Inc. (THRD) completed its court‑ordered dissolution after shareholders approved the Plan of Dissolution on June 5 2025. The company voluntarily delisted from Nasdaq and filed a Certificate of Dissolution effective July 31 2025. Two cash liquidating distributions have been paid –...
Technology CFOs are increasingly required to be strategic storytellers, translating complex financial data into compelling narratives for investors, customers, and employees. Lisa Cummins Dulchinos, CFO of semiconductor unicorn Ayar Labs, illustrates this shift by using real‑time scenario planning and disciplined...
Entrepreneurs & Investors: We are in a LIQUIDITY CRISIS 🤯 First BlackRock, now Morgan Stanley limiting withdrawals?? Q2 will be very interesting…Oh, probably nothing 👀
The Philippine SEC released draft guidelines to end the 2021 moratorium on registering new online lending platforms (OLPs). The proposal outlines prudential, disclosure and market‑conduct standards, a single entity‑level certificate of authority, and a graduated asset‑based licensing fee effective 2027....
Regulators in California and New York have issued urgent cyber‑risk bulletins as the Iran‑Israel war heightens threats to the financial sector. The DFPI and NYDFS urge banks to strengthen defenses, review incident‑response plans, and monitor supply‑chain traffic. Major institutions such as...
Securities financing transactions (SFTs) such as repos, securities lending, and margin lending are essential for daily market liquidity, collateral flow, and the transmission of monetary policy, underpinning benchmarks like SOFR. Historical stress events—from the 1998 LTCM collapse to the 2022...
The IRS has refreshed its Tax Withholding Estimator to incorporate the new credits and deductions introduced by the One Big Beautiful Bill Act (OBBBA). The updates cover tax breaks for tips, overtime, senior citizens, car‑loan interest, family‑related credits, homeownership and...
Saga Communications reported fourth‑quarter 2025 net revenue of $26.5 million, a 9.3% decline from the same period a year earlier. Digital revenue, however, surged 25.8% to $4.3 million, indicating a shift toward online platforms. For the full year, the company posted a...
The latest loan note highlights a surge in retail investor redemptions, putting pressure on capital providers to manage liquidity. Growing capital inflows are raising concerns about underwriting standards across private‑debt markets. British International Investment announced backing for an emerging‑market impact...
Investors are struggling to price artificial‑intelligence companies because revenue models are still evolving and traditional valuation metrics lag behind rapid adoption. The article argues that AI’s impact is broader than past tech waves, but the market lacks reliable data on...
Precision BioSciences reported GAAP diluted EPS of $1.05 for Q4 2025, a sharp turnaround from a $2.22 loss a year earlier. Net income rose to $20.1 million while revenue held steady at $34.2 million. The profit swing marks a potential inflection...
Crypto accounting remains unsettled as digital assets defy traditional GAAP and IFRS categories, creating valuation and disclosure uncertainty for funds in both the US and EU. The EU is advancing harmonized reporting through the phased rollout of MiCA, while the...
CRISIL assigned WeWork India Management Ltd an A+/Stable long‑term rating and an A1 short‑term rating covering ₹800 crore of bank facilities. The rating agency projects operating income to rise 15‑20% over the medium term as the coworking provider adds 20,000‑30,000 desks...
CareCloud, Inc. posted GAAP earnings of $0.04 per share for Q4 FY25, marking a modest profit after flat performance a year earlier. Revenue surged to $34.4 million, a 21.8% year‑over‑year increase and the strongest quarterly top‑line in recent history. The company...
Inaccurate time tracking is costing U.S. professional‑services firms billions, with an average loss of $63,807 per employee each year. Missed or misrecorded minutes translate into under‑billing, payroll errors, project overruns, and compliance risks that erode margins and credibility. AI‑powered platforms...
The thing I get apologized to for most when someone first comes to me is how messy their books are. Please stop. Genuinely. Almost everyone who comes to me has a messy backlog. It's not a reflection of who you are,...
Novo Holdings' assets under management plunged 34% in 2025, falling to €93 billion as its controlling stake in Novo Nordisk lost market value. Despite the valuation hit, the holdings generated €2.8 billion in income and delivered 8‑9% five‑ and ten‑year returns, outpacing...
Financial institutions are urging federal rule changes and cross‑sector data sharing to combat AI‑enabled fraud. Panelists highlighted the need for banks, telecoms and social‑media platforms to exchange real‑time signals, creating a unified view of fraud networks. Current safe‑harbor protections under...
The software maturity wall isn't a secret. Everyone has this chart. $38B in 2028. Mostly B and below. These aren't getting refinanced at par. They're getting extended. The only question is whether the A&E is consensual or coercive. And if the last...
Blue Owl says the marks are real. Every sell-side analyst has a Buy. Yet $OBDC trades at a 25% discount to NAV. Finally had a chance to go through the portfolio. Found exactly what you'd expect: stale marks, understated software exposure,...
France’s private equity market continues to hold its ground in Europe despite a broader fundraising slowdown. Recent data shows French funds maintaining stable capital commitments while peers in the UK and Germany face declines. The resilience is attributed to a...
The UK Debt Management Office completed a £6.25 billion (US$8.4 billion) Green Gilt offering maturing in 2037, the first new green gilt since 2021. The issuance brings total green gilt proceeds to £55.8 billion since the program’s launch and introduces a dedicated green...
Doeren Mayhew announced the acquisition of Berman Hopkins CPAs & Associates, adding nearly 100 employees and nine principals to its roster. The deal expands the Michigan‑based firm’s presence in central Florida, bolstering its service platform across construction, healthcare, manufacturing and...
CFOs are shifting vendor and subscription spend management from a reactive back‑office task to a strategic priority in 2026. Rising inflation, post‑pandemic budget tightening, and an explosion of recurring SaaS contracts have exposed the limitations of manual expense processes. Finance...
The European Securities and Markets Authority (ESMA) released its first risk‑monitoring report for 2026, warning that market and systemic stress remain high despite solid performance in late 2025. Geopolitical tensions, stretched equity valuations, rising price correlations and sophisticated cyber‑hybrid threats...
The European Securities and Markets Authority (ESMA) released its takeaways from the 2025 Call for Evidence on the retail investor journey, outlining concrete actions to make investing easier for EU consumers. It will focus on streamlining disclosure requirements, simplifying suitability...
Finance teams are increasingly burdened by manual invoice approvals, prompting a surge in specialized invoice management platforms. Darshayita Thakur evaluated over 20 solutions and identified seven top performers for 2026: Xero, Paylocity, SAP Concur, BILL AP/AR, Stampli, Payhawk, and SAP Cloud ERP. Each...
TasFoods announced on 12 March that it has entered voluntary administration after an unsuccessful attempt to sell its core Nichols Poultry unit. The board appointed KPMG partners Tim Mableson, David Hardy and Emily Seeckts to oversee the process and explore a...
The SEC launched only ten accounting and auditing enforcement actions in 2025, the fewest in nine years, and collected just $31 million in settlements, a sharp drop from $907 million the previous year. Most of the 2025 penalties were imposed during outgoing...
When AI Hits Jobs: Macquarie Warns Mortgage Stress Could Ripple Through Australia's Banks AI-driven employment shocks could put 10% of mortgage payments at risk. Banks currently priced for "near-perfect outcomes" with minimal buffer. Australia's steady growth masks historical unemployment spikes: 11%...
Rajinder Gill was sentenced to two and a half years in prison for operating an unauthorised sale‑and‑rent‑back scheme that defrauded vulnerable homeowners of £925,233. The scheme, run through Secure Property Consultants Ltd, forced owners to sell below market value, pay...
The FCA has warned second‑charge mortgage lenders and brokers to raise standards after a review uncovered weak affordability checks, inappropriate debt‑consolidation advice, poor record‑keeping and opaque fees. The sector, which serves borrowers with high debt and low resilience, accounts for...
This is, indirectly, how valuation multiples for RIAs are starting to come down slightly. Because the headline number of "such-and-such got a certain multiple of EBITDA" isn't the walk-away-with-cash valuation, it's the valuation including post-closing growth contingencies. In the past, that...
Farmers who pay commodity check‑off or levy dollars that support research may be eligible for the federal Scientific Research and Experimental Development (SR&ED) tax credit. The Canada Revenue Agency administers the program, allowing the eligible portion of those contributions to...
M&A activity in the United States has slumped, with announced mergers dropping 23% to 1,795 by March 9, while sports and e‑sports deals fell to just five this year versus 57 in 2025. The downturn is driven by the February “SaaS‑pocalypse,”...
Lantern appointed Greg Chisholm as CFO, leveraging experience from HelloFresh, Wayfair, and McKinsey. He is focused on mapping the health‑care business’s complexity and shaping capital‑allocation decisions as the company scales at roughly 50% annual growth. Chisholm points to structural cost...
United Wholesale Mortgage (UWMC) announced a stock‑only acquisition of Two Harbors, sending UWMC shares below $10 and sparking a shareholder vote amid a steep discount to Two Harbors' book value. The deal highlights UWMC’s reliance on mortgage‑servicing rights (MSRs), which...
Voya Financial’s private‑credit division is curbing exposure to data‑center credit tied to AI demand, citing concerns that the rapid expansion may plateau before debts are repaid. The firm manages a $50 billion portfolio and is limiting holdings linked to large tech...
🔥 Product-Market Fit so strong, even the stablecoin-skeptical European Central Bank is planning tokenized securities. Pontes (Short-term Solution): A technical distributed ledger technology solution scheduled to launch in Q3 2026. It will allow market participants to settle transactions in central bank money using...
IPO market in the toilet. First was MiniMed pricing low. Then PayPay. Now MDA Space, which goes well below its as-converted price in Toronto.
A major US public pension announced it will bar private‑market investments from its defined‑contribution (DC) portfolio, marking a rare retreat from private equity exposure. Simultaneously, general partners (GPs) are urging European Union policymakers to introduce measures that would catalyse private‑capital...
Since you have a lot of free time on your hands now @matt_oppy, I would suggest running some quick numbers (can even have Claude do it for you) on what an accelerated buyback program could mean for the long-term share...
Reminder that investors who requested redemptions from semi-liquid private-credit funds -- but couldn't get all of it back due to caps -- still pay fees on the unfulfilled portion. The fees don't stop just because the gates go up.
Evotec unveiled the second phase of its Horizon turnaround, announcing 800 job cuts and the closure of four sites to save €75 million by 2027. The move follows a previous round of 600 layoffs and a failed $2.1 billion Halozyme takeover, reducing...
“Although I caution anyone from doing unsecured loans, I have done some... To minimize risk [I make] sure that the money will be invested in a manner that will increase sales and profits at the business and also that the...
When the financial crisis was heating up, geniuses at Deutsche Bank opted to buy more "highly rated" tranches of mortgage backed securities. With that in mind, when I see that DB says they are expanding their private credit exposure, I...
From April 2026 the UK will enforce Joint and Several Liability (JSL) legislation, expanding HMRC's ability to hold recruitment agencies financially responsible for unpaid PAYE, NICs, and other employment taxes incurred by umbrella companies. The rule shifts tax risk from...
New NYT Opinion from me: The debt math of the United States only works if the rest of the world believes in it… but they’re starting not to. What does that mean for our future (and for all this debt)?...
