Madison Realty Provides $126M for PMG to Build Wynwood Condo
PMG and LNDMRK Development secured a $126 million construction loan from Madison Realty Capital and private‑equity firm Siguler Guff to build the eight‑story Twenty Sixth & 2nd Wynwood Residences in Miami’s Wynwood district. The 233‑unit tower will feature 26,000 sq ft of ground‑floor retail and 32,000 sq ft of wellness‑focused amenities, with construction starting this week and slated for completion in Q2 2028. Developers report that 72% of the condos are already under contract, and units will be fully furnished and eligible for year‑round short‑term rentals. The financing adds to PMG’s recent string of large construction loans, underscoring robust capital flow into South Florida’s high‑rise market.
Bondholders Took on Trump — and Won Again
A small group of senior bondholders—Ares, Citadel and Cyrus—refused to back a Trump‑backed bailout of Spirit Airlines, invoking their rejection rights on hundreds of millions of dollars of senior debt. Their opposition forced the carrier toward a Chapter 7 liquidation instead...
Spirit Airlines Prepares To Cease Operations
Spirit Airlines is on the brink of shutting down after a proposed $500 million U.S. government rescue package fell apart. The deal would have given the Treasury warrants for up to 90% of the airline’s equity, but bondholders and some Trump‑era...
April Muni Issuance Falls, but Remains Above 10-Year Average
April municipal bond issuance slipped 7.8% year‑over‑year to $47.607 bn across 797 issues, yet it remains well above the 10‑year average of $37.323 bn. The decline follows a strong 2025 year, with April 2025 topping $50 bn for only the second time. Tax‑exempt...
Statement on Complaints About Wellesley & Co Ltd
The FCA has responded to a wave of complaints concerning Wellesley & Co Ltd (WCL), the sole FCA‑regulated firm within the broader Wellesley Group. After reviewing the cases, the regulator upheld a single complaint about how part of WCL’s authorisation...
FCA Charges Shaun Lawrence for Unauthorised Mortgage Broking
The UK Financial Conduct Authority has charged Shaun Lawrence, also known as Shaun Lawrence-Bright, with operating as an unauthorised mortgage broker. Lawrence previously held authorisation to give mortgage advice but lost his permissions in 2008 and was barred from regulated...
Three Arrested in FCA Investigation Into Suspected Unlawful Financial Promotions
The Financial Conduct Authority, together with the Eastern Regional Special Operations Unit, arrested three individuals in a coordinated crackdown on illegal financial promotions. Police searched two properties in Chelmsford and Romford as part of the operation. The suspects are alleged...
DYWIDAG Group ("DYWIDAG" Or the "Group" Or the "Company") Final Results
DYWIDAG Group reported FY 2025 results with revenue rising 2.6% to €393.4 million (about $428 million) and adjusted operating profit climbing 9.4% to €23.6 million (≈$26 million). The order backlog reached a record €364 million (≈$397 million), driven by post‑tensioning contracts for wind‑tower construction. The company refinanced...
SEC Eyes New Derivative Market with Structured Warrant Rules
The Philippine Securities and Exchange Commission released a draft memorandum circular proposing a regulatory framework for structured warrants, a new derivative product. The rules limit issuance to licensed broker‑dealers, require a minimum paid‑up capital of ₱400 million (≈$7.3 million), and set caps...
Diehl Automotive Group Adds Toyota, VW Dealerships Amid Buying Spree
Diehl Automotive Group announced the acquisition of Firelands Toyota and Volkswagen dealerships in Wooster, Ohio, along with an off‑site collision center, marking its second and third purchases in four months. The deals bring Diehl’s portfolio to 24 rooftops representing 13...
BridgeCity Capital Lends $38M for Prospect Heights Apartments Build
BridgeCity Capital has extended a $37.6 million acquisition‑and‑construction loan to Ranco Capital for a mixed‑use development at 1084 Pacific Street in Brooklyn’s Prospect Heights. The project will deliver 71 residential units and roughly 48,000 sq ft of retail space on a site Ranco purchased for...
Investors Dump Philippine Securities as War Rattles Markets
Foreign portfolio investors pulled $1.96 billion from the Philippines in March, marking the largest three‑month outflow and shifting the first‑quarter net balance to a $2.81 billion loss. The retreat was most acute in government securities, which saw a $1.3 billion net outflow after...
First Chinese AI Startups Are Reportedly Ditching Offshore Structures to Register Directly in China
Chinese AI startups such as Moonshot AI, DeepRoute.ai and StepFun are evaluating the unwinding of their offshore holding structures to register directly in China. The move follows a warning from the China Securities Regulatory Commission that IPOs from foreign‑registered firms...
ERP Data Can Fuel Enterprise AI. So Why Wont Vendors Let It?
SAP’s latest API policy restricts how customers can tap ERP data for AI, sparking pushback from large enterprises. CFOs view ERP data as a strategic asset for AI‑driven finance, yet the new rules create compliance uncertainty. While SAP and peers...
UWM Raises Stakes in Two Harbors Fight with Richer $12-a-Share Bid
United Wholesale Mortgage (UWM) escalated its contest with Two Harbors Investment Corp. by issuing an open letter to shareholders proposing a $12‑per‑share cash option or 2.3328 UWMC shares, up from its prior $11.30 cash offer. The revised bid is backed...
TSMC to Invest $56B in Fabs This Year, and It’s Still Not Enough
Taiwan Semiconductor Manufacturing Company (TSMC) announced a 2024 capital‑expenditure plan of $52‑$56 billion, underscoring a record‑breaking first‑quarter profit surge of 58% and 41% revenue growth. The company’s revenue mix has flipped, with high‑performance computing now contributing 61% versus 26% from smartphones....
Active Tech ETF GTEK Up 25% YTD
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 25% gain year‑to‑date, far outpacing the technology equity category’s 8.5% average. Over the past 12 months the fund posted a 65.5% total return while charging a 75‑basis‑point expense ratio....
Cost Management, Outpatient Unit Helped Tenet Weather Volume Headwinds in Q1
Tenet Healthcare posted $702 million profit on $5.4 billion revenue in Q1, beating Wall Street forecasts despite a 90‑basis‑point drop in acute‑care volumes and a 0.3% dip in outpatient admissions. The operator’s cost‑management program and a strong performance from its ambulatory surgical...
The Dark Season: Why Q2 ‘Rest’ Is Your Firm’s Biggest Growth Barrier
Quarter 2 should be the biggest growth engine for tax firms, yet many treat it as a recovery break, filing extensions and pausing marketing. This "dark season" pushes revenue into Q3‑Q4 and blocks advisory conversations that could boost fees. Accounting Today...
Chinese PV Industry Brief: Longi, Trina Solar Report Losses
Longi Green Energy posted 2025 revenue of $10.3 billion, down 14.8% YoY, with a net loss of about $1.0 billion and margins hovering near break‑even. Trina Solar saw revenue around $9.8 billion, a 16.6% decline, and a widened net loss of roughly $1.1 billion...
Agencies Issue Host State Loan-to-Deposit Ratios
On May 1, 2026 the FDIC, Federal Reserve Board and OCC released updated host‑state loan‑to‑deposit ratios, replacing the May 2025 figures. The ratios measure total loans versus total deposits for all banks operating in each state, a metric required by law to monitor...
Market Turbulence Hit AMCs in Q4 on Sequential Basis, Long-Term Appears Bright
Asset‑management companies (AMCs) in India saw sequential profit declines in Q4 2025 as volatile equity markets and a weaker rupee hit earnings, with UTI AMC posting a $8 million loss after a $14.6 million profit in the prior quarter. Despite the downturn,...
Credit Managers Warn on Iran as Defaults Rise, Spreads Poised to Widen
Credit managers surveyed by the International Association of Credit Portfolio Managers warn that defaults are set to rise sharply, while credit spreads are expected to widen only modestly. The Credit Spread Index fell to -46.2, its lowest level since March...
Who Should Decide Budgets? Some Cities Are Starting to Share the Power.
Participatory budgeting (PB) is reshaping municipal finance by letting residents decide how public money is spent. More than a dozen U.S. cities—including Chicago, Boston and Greensboro—have launched PB programs, while New York City runs the nation’s largest initiative, earmarking discretionary funds...
Virgin Galactic Reveals New Ship, but It's Running Out of Time and Cash
Virgin Galactic unveiled its next‑generation suborbital spacecraft, moving it to the launch hangar for final integration and ground testing. The company’s cash balance has slumped from $982 million in February 2024 to $338 million after the latest quarter, tightening its financial runway....
What Treasury Teams Actually Need From a Working Capital Program
Treasury teams prioritize working‑capital solutions that can be deployed instantly, operate with minimal friction, and integrate seamlessly into existing finance processes. Traditional programs often stall due to lengthy rollouts, cross‑functional coordination, and system integrations, turning a liquidity tool into an...
Zamp Nets $30m to Scale Its Sales Tax OS Platform
Zamp, a sales‑tax compliance platform billed as an operating system, announced a $30 million financing round led by Acrew Capital, with participation from Thomson Reuters Ventures and several accounting‑firm partners. The capital will fund three priorities: scaling its accounting‑firm channel, adding...
The Private-Credit Canary Is in the Coal Mine, Not on Banks' Books
Banks are capitalizing on a pullback in the private‑credit market, yet their exposure remains modest. JPMorgan Chase reports roughly $50 billion in private‑credit holdings, a fraction of its $4.9 trillion balance sheet. The sector, buoyed by an AI‑driven data‑center boom, now totals...
How Transparency Is Reshaping Corporate Treasury in 2026
Corporate treasury is evolving from a cost‑center focused on operational efficiency to a transparency‑driven function that provides strategic intelligence across finance, tax and procurement. LSEG Data & Analytics reports a shift toward “best relationship” banking, where treasurers use FX cost...
The 1% Solution: Media-For-Equity
Mercurius Media Capital (MMC) announced a $25 million, five‑year agreement with A+E Networks that will supply roughly $5 million of advertising inventory annually to MMC’s startup portfolio. The company’s media‑for‑equity model lets legacy broadcasters convert unsold ad slots into equity stakes, allowing...
BGT: The 13% Dividend Yield Is Not Supported By Earnings
BlackRock Floating Rate Income Trust (BGT) continues to trade at a steep discount as its 13.1% dividend yield is not backed by earnings. Distributions for the 2025 period are nearly twice the fund’s net investment income, highlighting a payout gap....
Security Federal Corporation Announces Increase in First Quarter Earnings
Security Federal Corporation reported first‑quarter 2026 net income of $3.1 million, or $1.00 per share, marking a 19.6% increase over the same period last year. The gain was driven by a 9.4% rise in net interest income and a 19.7% jump...
Making an IT Led Business Case for E-Invoicing
The article argues that e‑invoicing has moved from a niche compliance task to a core IT architecture decision. It outlines how cloud‑native platforms can integrate ERP, CRM, and tax systems, delivering automation, security, and multi‑jurisdictional compliance. By standardizing invoice data,...
Why Liquidity Is Becoming a Strategic Priority for Finance Leaders
Finance leaders are shifting liquidity from a passive metric to a strategic weapon as interest‑rate volatility, tighter credit and economic uncertainty tighten cash forecasts. CFOs now prioritize internal working‑capital levers—payment‑term adjustments, receivables acceleration, and inventory optimization—before tapping external credit lines....
Himadri Speciality Charts Expansion Plans for Two Fiscal Years
Himadri Speciality Chemicals outlined a two‑year roadmap to more than double its profitability by FY 28, leveraging recent capital investments. The plan includes completing a capacity‑expanded carbon‑black plant, launching anthraquinone and carbazole production, and bringing a lithium‑iron‑phosphate cathode line online in...
New England Transmission Owners Ask FERC for Increased ROE
New England transmission owners, led by Eversource and Avangrid, have petitioned FERC to raise the base return on equity (ROE) for transmission investments to 11.39%, up from the 9.57% level set in March. The companies argue the current ROE is...
How AI Is Bettering B2B Payments
Billtrust, the accounts‑receivable software firm owned by EQT, is accelerating AI integration while eyeing European expansion. CEO Grant Halloran highlights AI‑driven automation of AR communications, voice and chat interfaces, and a roadmap toward fully autonomous operations. The company serves 2,600...
The Plumbing Problem Behind Tokenized Finance
Tokenized Treasury and other securities are moving from pilot projects to production, driven by clear U.S. and European regulations and massive daily volumes on platforms like Broadridge’s Distributed Ledger Repo. Firms must now manage identical economic exposures on both traditional...
WealthStack Roundup: Bill Crager's iAlta Acquires Precept
iAltA Holdings has bought Precept, an AI‑powered wealth‑technology platform that delivers real‑time, low‑cost integrations across custodians, CRMs and analytics tools. The deal follows iAltA’s earlier BridgeFT purchase, positioning the firm to unify infrastructure for both public and private markets. The...
Sovereign Bonds May Get SFDR Reprieve From EU Member States
The EU Council is working toward a draft compromise this month that could let sovereign bonds issued by transitioning economies qualify for Article 7 Sustainable Finance Disclosure Regulation (SFDR) funds. Member states are debating whether to extend the green‑finance label to...
WNBA Franchise Valuations Ranking List: From Golden State to Atlanta
Sportico’s latest valuation study places the average WNBA franchise at $427 million, a 59 % jump from the 2025 estimate. The analysis, based on 2025 revenue and a 13.6× revenue multiple, shows team revenues averaging $31.5 million, up 56 % year‑over‑year. National TV contracts...
Capital Partners an “Important Source of Resilience” For RenaissanceRe: CEO O’Donnell
RenaissanceRe’s Capital Partners unit reported $94 million in total fee income for Q1 2026, with performance fees driving most of the upside. Management fees were $48 million and performance fees $46 million, boosted by strong underwriting and a one‑time deferred fee recognition. CEO Kevin...
Without Wildfire Reform, California Utilities Could See Credit Impacts: Edison International
Edison International warned that without new California wildfire liability reforms, utilities could see credit rating downgrades that would raise borrowing costs across the state. A state‑commissioned report proposes a $4 billion outlay and three pathways—hardening, expanded insurance, and a fortified Wildfire...
Ledyard Financial Group Earns $1.5 Million, or $0.44 Per Diluted Share, in Q1 2026, Declares Quarterly Cash Dividend of $0.21...
Ledyard Financial Group reported Q1 2026 net income of $1.5 million, or $0.44 per diluted share, a 25% increase year‑over‑year. Total assets grew 7% to $1.04 billion, while loans and deposits both rose modestly. The bank’s net interest margin expanded to 2.75%, and...
Starcloud Seeks More Orbital Data Center Funding Shortly After Unicorn Status
Starcloud, a two‑year‑old orbital data‑center startup, is seeking at least $200 million in new funding, which would double its valuation to roughly $2.2 billion. The capital raise follows a $170 million Series A round that made it the fastest Y Combinator company to achieve...
CFOs On the Move: Week Ending May 1
A wave of CFO appointments reshaped leadership across multiple sectors this week. Puma named former Douglas finance chief Mark Langer as its new CFO, while Booz Allen Hamilton hired ex‑Sierra Space CFO Troy Lahr. Mid‑market firms also made moves: PPG...
Advocis Warns of Uneven Advisor Title Rules Across Provinces
Advocis warns that Canada’s move toward province‑specific title protection for financial advisors and planners could create a fragmented regulatory environment. The association’s white paper highlights risks such as regulatory arbitrage, higher compliance costs for multi‑province advisors, and consumer confusion due...
Exodus Reports Preliminary First Quarter 2026 Results
Exodus Movement reported preliminary Q1 2026 revenue of $22.7 million, a 37% decline from $36.0 million a year earlier. The company launched Exodus Pay nationwide in April, extending its self‑custody platform beyond the core exchange. Processed trading volume fell 22% to $1.18 billion and funded...
Moody’s Gives up Regulatory Licence of South African Subsidiary
Moody’s has voluntarily surrendered the regulatory licence of its South African subsidiary, Moody’s Ratings‑SA, to concentrate on serving cross‑border investors and African issuers seeking international capital. The agency will continue rating South African issuers from other jurisdictions, and the move...
IRADIMED CORPORATION Reports First Quarter 2026 Financial Results
IRADIMED reported first‑quarter 2026 revenue of $22.0 million, a 13% year‑over‑year increase, and record GAAP diluted EPS of $0.45. Operating income rose 33% to $7.2 million, while net income climbed 24% to $5.8 million. The company launched its next‑generation 3870 MRI‑compatible IV infusion...