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:
Charoen Pokphand Foods (CPF) posted a net profit of 25.2 billion baht for 2025, up 29% year‑on‑year, driven by stronger gross margins and cost controls. Total sales fell 2% to 571 billion baht as a stronger baht weighed on overseas earnings, though local‑currency revenue rose 3%. Overseas operations now generate 62% of CPF’s turnover and the gross‑profit margin improved to 16.9%. The board approved a record 1.25 baht per share dividend and plans a 50 billion baht bond‑issuance increase, signaling confidence for 2026.
Accelerant Holdings announced a preliminary FY 2025 revenue forecast of $913 million, representing a 51% year‑over‑year increase. The company expects Q4 2025 revenue of $248 million, up 30% from the same quarter last year. Total exchange written premiums are projected at $4.19 billion, a 35%...
Fonterra’s Mainland Group sale has been cleared, unlocking a $3.2 billion capital return for New Zealand dairy farmers. The average payout will be $392,000 per farm, with larger operations slated to receive $2‑3 million. Settlement is slated for the end of March 2026,...
If you don't have financial fluency, your chances of turning business revenue -> personal cash plummet. I have the data to prove it. I surveyed 200+ store owners as part of the 2026 eComFuel Trends Report (full report coming soon). One of the...
The Senate Finance Committee unveiled the bipartisan Taxpayer Assistance and Service Act, targeting IRS modernization and stricter oversight of paid tax preparers. The legislation introduces penalties for preparers who alter returns, fail to provide valid PTINs, or misappropriate refunds, while...
Spend data, traditionally a lagging metric, is being re‑engineered as a forward‑looking signal thanks to AI advancements. Zip’s recent survey of over 1,000 spend management professionals reveals heightened focus on analytics, AI skill demand, and a rapidly diversifying procurement technology...
Washington state House Democrats are urging the finance committee to remove a corporate tax break from Senate Bill 6346, which would levy a 9.9% tax on income above $1 million. The contested provision would end the Business & Occupation surcharge for...
Aon acted as lead adviser on a risk‑settlement transaction for the Mouchel Business Services Money Purchase scheme, protecting the retirement benefits of its 220 members. The scheme combined a defined contribution plan with a defined benefit underpin, creating insurance‑coverage challenges...
Rubric Capital, a $3 billion hedge fund, warned that certain business development companies are temporarily shifting debt off their balance sheets at quarter‑end, making leverage appear lower than it truly is. The firm described the practice as “Enron‑like” accounting, using short‑term...
PayPal announced a partnership with Atlanta‑based Rainforest to embed PayPal, Venmo and buy‑now‑pay‑later services directly into Rainforest’s software platform. The integration is designed to accelerate merchant payouts, cut late‑payment incidents and shift transaction volume away from cash and checks. Rainforest,...
The Reserve Bank of India introduced tighter rules on external commercial borrowings to curb volatility in the capital account, even as the current account remains stable. While gross foreign direct investment (FDI) has averaged $78 billion annually, equity repatriation has surged,...
Relx’s shares have slumped about 40% over the past year as investors worry about new AI competition from Anthropic. The company, however, retains a unique advantage through its massive, meticulously curated legal and scientific data sets, especially within LexisNexis, which...
Statistics Canada’s Q1 2026 Business Conditions survey shows 59.2% of firms expect cost‑related obstacles, down slightly from Q4 2025, while optimism rises to 73.1% for the next year. Inflation remains the top concern, cited by 40.8% of businesses, especially in...
Carr, Riggs & Ingram (CRI) announced the launch of a dedicated capital‑markets practice focused on IPO readiness, SEC reporting, PCAOB‑compliant audits, and private‑equity accounting for small‑cap and middle‑market firms. Brent Leslie was named partner‑in‑charge, with Michael Corkery, Elizabeth Marks and...
In just 12 months, private credit went from red hot to ice cold One year ago, the average BDC traded at a +6.2% premium to NAV Now, the average BDC trades at nearly a -20% discount to NAV, a level only exceeded...
AI can be a powerful co-pilot for FP&A — when foundations are in place. Start small. Fix processes. Keep human judgment central. 🎬Finance leaders from Miele, ETH Zurich, Takeda & Jedox shared practical lessons and real journeys: https://t.co/byNC3xTozV #fpatrends #aiinfinance
Marqeta warned that Block’s revised Cash App pricing will compress its 2026 earnings, projecting a modest $10 million net income – the first profit since 2024. Block now represents about 45% of Marqeta’s revenue after falling from 68% in 2023, and the...
"Most commercial banks will lend against machines & equipment... Do you know what the bank won’t finance? Goodwill… the intangible value of the fact that you’ve built up a great clientele" –12 Things to Do Before You Consider Selling Your...
Metrics matter. But in early-stage fundraising? Storytelling matters more. In Ep. 234 of The SaaS CFO Podcast, Helen Hastings shares why vision + narrative win investor conviction. Listen here 👇 YouTube: https://t.co/BnQYh8fzzR #SaaS #Fundraising #Startups https://t.co/zRSXoqqM2z
Audit committees are shifting from periodic risk updates to a portfolio‑driven, scenario‑based oversight model that ties risk directly to strategy. Boards are intensifying focus on AI and cyber risk, with AI disclosures nearly tripling and 48% of Fortune 100 firms assigning...
As noted in Axios Pro Rata: OpenAI expected to add another $10 billion to the round, which would bring it to $120b at an $850b post-money valuation. Would be from sovereigns and other fin investors (including existings). https://t.co/xDMSkiZRiR
Papa John’s announced plans to shutter roughly 300 underperforming U.S. restaurants by the end of 2027, with about 200 closures slated for this year. The move follows a 5.4% drop in same‑store sales across North America and a broader flat‑lining...
NetApp reported third‑quarter FY2026 net revenues of $1.71 billion, a 4% year‑over‑year increase, and posted record non‑GAAP earnings per share of $2.12. Billings rose 10% to $1.89 billion, driven by an 11% jump in all‑flash array revenue to $1 billion. The Hybrid Cloud...
Honduras’ new president Nasry Asfura has launched a suite of early reforms focused on fiscal austerity, expanding the Temporary Import Regime and re‑joining the World Bank’s ICSID to boost investor confidence. His administration secured a meeting with former President Donald...
High Liner Foods reported Q4 2025 and full‑year 2025 results ending January 3 2026. Sales grew 15% in the quarter to $270.2 million and 7% for the year to $1.03 billion, while volume increased modestly. Adjusted EBITDA fell 19% in Q4 and 11% year‑over‑year,...
It’s not actual cash raised, this deal adds to the thicket of circular financing from the biggest companies in the worlds. A whiff of Ponzi.
Salesforce introduced the Agentic Work Unit (AWU) metric on its earnings call, positioning it as a way for CIOs to quantify the output of AI‑driven agents. The metric pairs the number of discrete actions performed with token consumption to suggest...
Accounting firms have long grappled with a talent pipeline that can’t keep up with demand, turning the shortage of CPAs into a strategic crisis. The industry is shifting its perspective from a pure "people problem" to a broader capacity challenge,...
The IRS announced it closed all non‑examined Employee Retention Credit (ERC) claims on Dec. 31, 2025, yet roughly 41,000 claims remain in examination or appeal stages, many stalled without resolution. Appeals is severely backlogged, and the two‑year statutory deadline to sue for...
The AICPA Auditing Standards Board has opened a public comment period on an exposure draft that updates attestation standards and introduces new sections for sustainability reporting. The draft adds AT‑C 325 and AT‑C 330 to cover examinations and reviews of...
PayPal’s Working Capital loan system exposed personal data for six months despite holding PCI‑DSS, SOC 2, and ISO 27001 certifications. The breach underscores that passing audits confirms controls at a point in time, not continuous security resilience. Author Dharmesh Acharya argues compliance...
Tax season 2024 is seeing a surge in early client inquiries as new legislation, notably the One Big Beautiful Bill Act (OBBBA), reshapes deductions and credits. Preparers are intensifying outreach through blogs, webinars, and newsletters to clarify misconceptions, yet many clients still repeat...
Calumet Inc. posted fourth‑quarter fiscal 2025 sales of $1.04 billion, a 9% increase over the same period last year. The company narrowed its net loss to $37.3 million, or $0.43 per share, compared with a $40.7 million loss a year earlier. Adjusted EBITDA...
United Parks & Resorts, operator of SeaWorld and Busch Gardens, reported declines in both attendance and revenue for fiscal 2025. Full‑year attendance slipped 1.8% to 21.2 million guests, while revenue fell 3.6% to $1.7 billion and net income dropped 26% to $168.4 million....
Barclays shares slipped 1.6% after reports it faces roughly £600 million exposure to the collapsed UK specialist mortgage lender Market Financial Solutions (MFS). The fallout also highlighted potential losses for Santander and Jefferies, underscoring broader concerns about the fast‑growing private‑credit market....
Katharine Braddick has been appointed Deputy Governor for Prudential Regulation and Chief Executive of the PRA, effective 1 July, for a five‑year term. She moves from Barclays, where she served as Group Head of Strategic Policy, bringing rare private‑sector banking experience...
Oddity Tech posted a record 2025, with revenue climbing 25% to $810 million and adjusted EBITDA reaching $163 million, driven by Il Makiage, SpoiledChild and the new MethodIQ launch. The fourth quarter saw revenue up 24% to $153 million and gross profit rising 20%,...
Banks are confronting a financial‑crime threat that evolves faster than their compliance training cycles. The profession suffers from a thin talent pipeline, with most hires arriving mid‑career and no standardized academic path. Current training is static, annual, and siloed, while...
XED Executive Development Ltd is launching the International Financial Services Centre’s first equity IPO from GIFT City, opening on March 6 and closing on March 18. The $12 million, dollar‑denominated offering will list on NSE International Exchange and India‑INX, with a price band...
When valuing a business using a cashflow multiple (SDE or EBITDA), do you ADD inventory on top of that price? Answer: Sometimes yes. Sometimes no. It depends on how the working capital actually functions.
Stellar’s CEO warns banks that choosing between private and public blockchain infrastructures will create lasting path dependencies. With the tokenized real‑world‑asset market valued around $33 billion, banks are already piloting blockchain‑based settlement and fund tokenization. The article outlines three critical questions—who...
Astorg announced that Edouard Pillot, co‑head of its mid‑cap private‑equity team, will depart the firm. Lionel de Posson, Pillot’s fellow co‑head, will assume sole leadership of the mid‑cap unit. The change follows an internal restructuring aimed at streamlining decision‑making. Astorg...
Fat Brands, the parent of Fazoli's and 15 other restaurant chains, filed for Chapter 11 bankruptcy in January 2024. Lenders have pushed for a court‑appointed trustee, alleging CEO Andy Wiederhorn misused company funds for personal loans, bonuses, and an unauthorized stock...
Private equity firms are intensifying focus on hospice care platforms, with five notable deals reported this quarter. Kinderhook, Renovus and Revelstoke are among the investors leading the charge, targeting fragmented providers to build scalable platforms. The surge reflects broader demographic...
Apollo Global Management has taken a significant write‑down on its flagship credit fund as loan‑level stress surfaces across its portfolio. The move mirrors similar distress signals from KKR’s FSK fund and Blackstone’s private‑credit vehicle, which also marked down troubled loans....
BrightSpring Health Services reported a strong fourth‑quarter and full‑year 2025, with net revenue climbing 28% to $12.9 billion and adjusted EBITDA rising 34% to $618 million. The company turned a net loss in 2024 into a $104.8 million profit for the year and...
Northam Platinum has approved a R500 million capital programme to widen an existing exploratory hole at its Zondereinde mine, creating an option to boost PGM output beyond 400,000 ounces per year. The reamed shaft will reach 1.4 km depth, a technical challenge...
Vietnam aims double‑digit economic growth, but banks face loan‑to‑deposit caps and high debt ratios, limiting credit expansion. Capital markets are positioned to provide long‑term funding, improve transparency, and diversify financing sources. By the end of 2025 the stock market topped...
