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7/14/2020

Community banks in the US have enlisted fintech providers to meet the demands of the federal Paycheck Protection Program. "Some of the initial concern in embracing this technology has gone away," said Charles Potts of the Independent Community Bankers of America.

7/14/2020

The coronavirus pandemic has forced organizations worldwide to move toward a remote workforce model, a fact that is straining cybersecurity systems and protocols. "Attackers seek to exploit the gaps opened when telecommuting employees use insecure devices and networks," according to McKinsey.

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McKinsey
7/14/2020

CEOs' status as public figures is putting pressure on them to sound off on some public policy issues, especially those that may impact their company. This study shows how investors tend to buy more stock in companies when their opinions align with those of the CEO, even on issues not directly related to running the company in question.

7/14/2020

Transition managers are in demand in Europe due to the consolidation of defined benefit and contribution plans and the shift toward environmental, social and governance strategies. "The value of transition managers from a market risk management perspective is making sure that client remains invested throughout the transition," said Artour Samsonov of Citigroup Global Markets.

7/14/2020

Europe's market rally has led to inflows for bond and commodity funds in addition to exchange-traded products. Investors have gained confidence in part due to European Central Bank and Federal Reserve commitments to support bond markets.

7/14/2020

Green corporate bonds have reached $300 billion globally, with Europe and China leading the way among issuers. The European Central Bank has incentivized green bonds, but so far these bonds represent only a small fraction of the market.

7/14/2020

Venture capital funds that closed in the first half of the year brought in a combined tally of more than $42.7 billion, and so-called mega funds led the way, according to a report from PitchBook and the NVCA. The fundraising total for the first half of 2020 "already surpasses the full-year total for every year of the decade apart from 2016, 2018, and 2019," the report notes.

7/14/2020

A special-purpose acquisition company backed by Apollo Global Management will take the electric vehicle startup Fisker public, the two companies said. The transaction will give Fisker a $2.9 billion valuation.

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Reuters, Forbes, The Verge
7/14/2020

A special-purpose acquisition company backed by Bill Ackman known as Pershing Square Tontine Holdings has increased the size of its initial public offering to $4 billion. In a securities filing, Ackman said the SPAC will attempt to buy a venture-backed "mature unicorn."

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Reuters
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SPAC
7/14/2020

Robinhood Markets, a trading startup popular among millennial clients, raised $320 million based upon an $8.6 billion valuation in its most recent funding round. Analysts who follow the company believe the startup may be positioning itself for an initial public offering.

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Reuters
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Robinhood Markets