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:
Apollo Global Management, which oversees $938 billion in assets, announced it will begin reporting net asset values for its private credit funds on a monthly basis, with plans to move to daily NAVs and third‑party valuations. The initiative comes as the $1.8 trillion private credit market faces heightened redemption pressure and calls for greater price transparency. Apollo has already traded nearly $10 billion of high‑grade private loans and is building a real‑time pricing marketplace. The move could force rivals to adopt similar reporting standards, easing investor concerns.
The article by WisdomTree analysts Jeff Weniger and Kevin Flanagan examines the state of U.S. credit markets amid lingering Middle‑East conflict concerns. It notes that investment‑grade and high‑yield spreads entered 2026 at the low end of historical ranges, briefly widened when the...
Venu Holding announced an $86 million oversubscribed public equity offering, selling 18.75 million shares at $4 each and adding warrants for additional purchases. The capital will fund new venues in Texas and Oklahoma, repay a $4.35 million promissory note, and support working capital....
Emversity has repurchased employee stock options worth Rs 6.5 crore from 20 staff members as part of a liquidity programme for employees who joined on or before 31 January 2024. The company now employs more than 700 people across 24 Indian states and over...
Deutsche Bank disclosed a private‑credit exposure of roughly €25.9 billion (about $30 billion) in its latest annual report, as the $1.8 trillion market grapples with heightened investor caution. The bank’s loan book to technology firms surged to €15.8 billion, up from €11.7 billion, reflecting a...
Nasdaq Verafin’s 2026 Global Financial Crime Report estimates illicit activity at $4.4 trillion, a $1.3 trillion increase since 2023 and a 19.2% CAGR. Drug trafficking accounts for $1.1 trillion, human trafficking $528.5 billion, and terrorist financing $16.2 billion. Fraud scams surged to $579.4 billion, driven by...
Tokio Marine & Nichido Fire is targeting mid‑guidance pricing for its $100 million Kizuna Re III catastrophe bond, which provides earthquake reinsurance for the Tokio Marine group. The bond, issued through a Singapore‑based SPV, carries a three‑year rolling aggregate trigger and a...
A cheap stock with a bad management team is not a good investment. Valuation means nothing if the people running the business are misallocating capital, chasing the wrong metrics, or treating the company like their personal piggy bank. I look for leaders...
TD Bank announced a new embedded banking solution that integrates directly with Workday’s cloud‑based ERP for U.S. business clients. The service lets companies access credit, payments and cash‑management tools within Workday’s workflow, reducing manual hand‑offs. Early adopters will receive a...
Michelle Bowman opened a roundtable on the U.S. bank liquidity framework, reviewing the Liquidity Coverage Ratio, Net Stable Funding Ratio, internal stress testing and resolution planning. She argued that fifteen years after the financial crisis, these tools often create excess...
Treasury departments now treat the Purchase‑to‑Pay (P2P) Risk Index as a core KPI. The index measures data integrity, fraud/compliance pressure, and working‑capital efficiency, exposing hidden leakage and regulatory exposure. AI‑driven forensic tools and automated segregation of duties are being deployed...
Morningstar reports European ETF and ETC net inflows of €49.7 billion in February 2026, virtually matching January’s €49.8 billion. Year‑to‑date flows have reached €93.5 billion, outpacing the €91.3 billion recorded in Q1 2025 and setting a new pace. Equity ETFs dominate, accounting for roughly 88 % of...
Bank merger‑and‑acquisition activity surged in 2025, but the war in Iran has introduced sharp stock‑price volatility that threatens to stall the consolidation wave. Falling bank‑stock values erode the equity currency traditionally used to fund deals, pushing pricing down and making...
Agentic AI is moving from experimental chatbots to autonomous digital deputies that execute trade‑finance workflows without human prompting. In 2026 treasurers see agents handling document orchestration, real‑time payment interventions, and cross‑system data writes, dramatically speeding up back‑office operations. The technology...
Compensation Standards and TheCorporateCounsel.net are hosting two free webcasts in March aimed at companies preparing for an IPO and newly public firms. The March 18 webcast, “Pre‑IPO Through IPO: Compensation Strategies for a Smooth Transition,” will guide executives through equity...
Singapore's Monetary Authority (MAS) has issued new Environmental Risk Management guidelines that focus on climate transition planning for banks, insurers and asset managers. The rules require firms to embed forward‑looking climate risk assessments, governance structures and client engagement into their...
On 12 March 2026, HM Treasury released the Consolidated Budgeting Guidance for fiscal years 2026‑27, detailing the budgeting framework that government departments must follow for expenditure control. The 203‑page document sets out new targets, reporting requirements, and risk‑adjusted allocation principles...
Tiff Macklem warned that the financial system’s growing reliance on non‑bank players is creating new systemic vulnerabilities, especially through hedge‑fund leveraged trading in sovereign bonds and the rapid expansion of private credit. He highlighted that hedge funds now purchase up...
Navitas Semiconductor announced the appointment of Tonya Stevens as chief financial officer, effective March 30, 2026. Stevens brings more than three decades of finance and accounting experience across the semiconductor, technology, and manufacturing sectors, most recently serving as chief accounting...
U.S. M&A activity exploded from roughly 4,200 deals in 2020 to a record 10,600 in 2021, a 2.5‑fold jump. By 2023 the volume had slumped 42%, reflecting a sharp reversal. Analysts link the collapse to runaway inflation, soaring Fed rates,...
Australian SMBs face rapidly growing compliance complexity, with 90% reporting tougher requirements and senior leaders losing focus. Most still rely on spreadsheets, email chains, and manual processes, exposing them to hidden risks. A modern workflow—centralised data, automation, and mobile-first access—can...
As companies shift from growth‑at‑all‑costs to an efficiency‑focused economy, CFOs are questioning agile transformations that inflate operating expenses without clear asset value. Engineering teams continue to chase velocity, but finance sees rising cloud bills and non‑capitalizable maintenance work eroding earnings....
Morgan Stanley and Cliffwater have imposed strict caps on withdrawals from their large private credit funds as investors demanded far more liquidity than the vehicles permit. Cliffwater’s $33 billion flagship fund limited redemptions to 7% of shares after a record 14%...
Financial leadership is the hidden backbone that turns rapid revenue growth into lasting profitability. As companies scale, simple bookkeeping gives way to strategic finance, encompassing forecasting, cash‑flow management, and metric‑driven decision making. The article highlights the gap many midsize firms...
First Deputy Governor Sabine Mauderer presented the Deutsche Bundesbank’s 2025 Annual Report, highlighting a net equity rise to €363 billion and a gold revaluation reserve of €387 billion. The bank’s loss for the year was more than halved, signalling a clear improvement...
UK borrowing costs are on the rise once more this morning. Per the Bloomberg chart below, yields on 10-year British government bonds are again above 4.70% as the war in the Middle East pushes Brent oil north of $95 once again. This...
Foodtech conglomerate Eternal has infused Rs 450 crore (≈$50 million) into its quick‑commerce arm Blinkit via a rights issue, marking the first 2026 capital injection after a Rs 2,600 crore investment in 2025. Blinkit reported Q3 FY26 revenue of Rs 12,256 crore and a...
Bank of America highlights a $600 billion excess working‑capital gap in U.S. accounts receivable, noting rising day‑sales‑outstanding (DSO) as firms struggle to convert invoices into cash. Andy Murphy explains that aging AR acts as a hidden liability, forcing companies into costly short‑term...
Inditex announced a record €3.23 billion dividend for founder Amancio Ortega, topping last year’s €3.1 billion payout. The fashion group posted €39.9 billion in sales and an €8 billion pre‑tax profit, up 3.2% and 5.8% respectively. Despite closing 103 stores, Inditex plans to increase...
Shawbrook Bank posted a pre‑tax profit of £340.5 million, up from £293.8 million, as its loan book expanded 20% to just under £20 billion and deposits rose 16% to £18.4 billion. The bank’s AI‑driven cost‑cutting pushed its cost‑to‑income ratio to 39%, down from 40.8%,...
The article explains how listed companies can repeatedly raise equity through capital increases after an IPO, distinguishing actual and nominal increases. It outlines why firms choose equity financing over debt, citing growth, M&A, balance‑sheet strength, and liquidity benefits. Various Swiss‑law...
Conversational AI platform Gupshup announced the appointment of Ravi Dugar as its new Chief Financial Officer, positioning the firm for its next growth phase. Dugar brings nearly two decades of finance leadership from Bharti Airtel, Livguard Energy, and most recently...
Macro: private-credit stress rising; Key: valuation opacity at Blue Owl, higher rates; Risks: hidden losses, redemptions; Trade: cut private-credit exposure. Takeaway: market to reprice risk. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Directors face fiduciary duties that extend beyond day‑to‑day operations, making timely professional financial advice essential. The article outlines six scenarios—rapid growth, financial pressure, major strategic moves, tax and remuneration reviews, exit planning, and the need for an independent perspective—where external...
Alex Joiner, chief economist at IFM Investors, argues that the recent surge in energy prices is boosting Australia’s federal budget while simultaneously eroding household purchasing power. Higher gas prices are expected to lift export earnings and improve the nation’s terms...
The author predicts an imminent run on private credit, forecasting that liquidity pressures will materialize by the end of the week or early next week. A recent appearance on the Thoughtful Money podcast confirms the prediction, indicating that investors are...
Have you asked yourself this? “How robust are our operating margins and cash positions if this so-called 2.4% US inflation is merely a lagging indicator, and we’re confronted with a sustained 20% energy cost shock, still-high interest rates, and regulatory upsets...
One of the quickest things that becomes obvious when I start working with someone new is that they're almost always doing better than they thought. They come to me convinced they can't afford to pay themselves or that things just aren't...
The asset‑backed finance sector is witnessing a surge in recourse‑light net asset value (NAV) loans, where lenders provide financing based on a fund’s portfolio NAV with limited recourse to the manager. Streamlined documentation and standardized terms are making these facilities...
NEW: Ripple launches $750M share buyback, values company at $50B, up from $40B in November
.@Iceye 2025 financials: Revenue doubled, to $294M, & will double again this year; $153M in operating cash flow; EBITDA over $176M; $1.76B in backlog. https://t.co/FaGdnli5TX https://t.co/IqCzJ853gK
The Oncology Institute reported Q2 2025 revenue of $119.8 million, a 21.5% year‑over‑year increase, driven by a 41% surge in pharmacy sales that now represent 52% of total revenue. Gross profit rose 34% YoY while SG&A fell to 22% of revenue,...
A lot of software debt is going to have to be rolled over in 2028. Via Torsten Slok https://t.co/Ddov6qo7ey
Private credit is a ~$2 Trillion market and growing. Now 5 major private credit funds halted redemptions. The assets are illiquid but investors expect liquidity and price discovery. This is exactly what tokenization solves.
Uruguay has launched its first credit risk transfer (CRT) transaction in Latin America, marking a milestone for the region’s structured credit market. The $500 million synthetic securitisation, backed by sovereign assets, was structured by local banks and underwritten by a consortium...
A Private Credit Fund of Funds in 2026 seems to rather closely resemble a CDO-squared in early 2007.
United Maritime Corp reported Q4 2025 net revenues of $57.4 million, a 7.7% increase year‑over‑year, and net income of $40.5 million, boosted by a $9.2 million vessel sale. Adjusted EBITDA rose 24% to $40.7 million, while the board lifted the annual dividend 7% to...
Full Truck Alliance reported a 22.3% year‑over‑year increase in fulfilled orders, reaching 63.4 million, and total revenue of RMB 3.36 billion, up 10.8%. Transaction‑service revenue surged 39% to RMB 1.46 billion, while freight‑brokerage revenue slipped, reflecting a strategic shift toward higher‑margin services. The July 2025...
Edge Focus CEO Elliott Lorenz discussed a new generation of AI underwriting that transforms asset‑backed finance. By applying advanced machine‑learning algorithms to securitisation, lenders can more accurately price and structure credit for esoteric assets such as royalties, aviation leases, and...
SandRidge Energy reported a strong Q4 2025 and full‑year performance, with average daily production climbing to 19.5 MBOE in the quarter and 18.5 MBOE annually, a 12% increase on a BOE basis and 32% rise in oil output. Revenue grew 25% to...
