Tag: finance
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Singapore Bank DBS: A Blueprint For Digital Transformation In Finance – Nothing on how these changes were done, but a brief “what” of the strategy.
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Link: Camera scanning vehicles result in big jump in parking fines
Before Amsterdam started using scanning vehicles in 2013, the Dutch capital issued 18.5 million euros in parking fines. Last year Amsterdam issued nearly 30 million euros in parking fines, an increase of 61 percent. Before using scanning vehicles, Rotterdam issued 177,895 parking fines in 2014. In 2016 that increased by 86 percent to 330,326, before…
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Link: The computers are too slow
In the long run finance tends to proceed through logic and self-interest, but in the short run the computer systems cause a lot of frictions. Source: Bloomberg
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Link: Dutch now pay more on housing, healthcare and energy than before the crisis: ING
In 2017 basic needs such as housing, healthcare, food and energy accounted for 41 percent of household spending, compared to 36 percent in 2008. Housing and maintenance in particular became a relatively larger cost item, increasing from 19.5 percent in 2008 to 23.7 percent in 2017. Healthcare accounted for 3.8 percent of household spending in…
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Link: Fixing Europe’s zombie banks
Unlike America, where banks have a return on equity of 12%, Europe does not have strongly positive government-bond yields, or a pool of investment-banking profits like that on Wall Street, or a vast, integrated home market. All this is true, but European banks have been lamentably slow at cutting their costs, something which is well…
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Link: Accenture has ~$1bn left for 2019 acquisitions
Out of a $1.5bn pool for 2019. The deals align with “The New” — an Accenture strategy that pushes the company deeper into digital, cloud and security services. Source: Accenture Acquisitions: $1.5 Billion War Chest for Fiscal 2019
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Assume that rivals will exercise their options
If you give someone an option, even if it seems like one you don’t want, assume the worst and act/protect yourself accordingly: In the Rent-A-Center deal, there was actually a lot of work to do, and it distracted Vintage from the extension deadline. In the Van Halen deal, there wasn’t particularly, so Monk cleverly created a lot…
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🗂 Money Stuff: $10,000 for reading the fine print
> The conventional approach to form contracts is (1) no one reads them but (2) the company pretends that everyone reads them and makes an informed decision to accept their terms. If you’re the company sending out the contracts, it seems kind of risky to undermine that convention. www.bloomberg.com/opinion/a…
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🗂 Meanwhile, does tumblr just burn cash?
> The reality is that Tumblr is almost certainly a big money loser: the app was earning about $13 million in revenue on expenses of about $25 million when Yahoo acquired the blogging platform/social network in 2013, and while that is not necessarily reflective of how much the service might generate today (although it probably…
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Link: Waving goodbye to Wall Street
the trend has accelerated in just the past half-decade as gigantic pools of private capital have, to some degree, replaced public market investors. Original source: Waving goodbye to Wall Street
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Link: Square expands its bank-like offerings, letting sellers charge customers in installments
Disrupters gonna disrupt, loans edition: This type of loan is typically reserved for retailers who bring in more than $1 million in revenue, and requires a lot of paperwork. Original source: Square expands its bank-like offerings, letting sellers charge customers in installments
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Link: Weirdest. Acquisition. Ever. Broadcom buys CA Technologies
Broadcom buying CA for US$18.9bn. “Mainframe solutions dominate CA’s income, pulling nearly $2.2bn in the 2017-2018 financial year, followed by its enterprise solutions segment at $1.75bn and services at $311m.” Original source: Weirdest. Acquisition. Ever. Broadcom buys CA Technologies
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Link: Investors Gave Snap a Gift
‘You might point out that you own a share in the company that grows in value as the company does, and that right now you can sell that share on the stock exchange for $13.31. But that evades rather than answering the question: What does the person who buys the share from you expect to get from it?…
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Link: Five Minute Finance
A fantastic, quick overview for understanding all those finance numbers and sheets. Original source: Five Minute Finance
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Link: Bed, Bath & Beyond – when you wish upon a digital vision…your share price collapses
Pretty extensive layout of a strategy and plans for doing Omni-channel at such a retailer. Original source: Bed, Bath & Beyond – when you wish upon a digital vision…your share price collapses
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Link: Marco’s makeover
I’m shocked, shocked that only stock buy-backs are occurring! (Oh, thank you for my dividend): ‘“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” he says. “In fact they bought back shares, a few…
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Link: After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
More using blockchain for tracking and validating insurance policies: “With the advent of smart contracts, distributed ledger technologies, and cryptography, we believe we can speed up the insurance transaction through the elimination of redundant and replicated processes, higher speed of execution and greater transparency,” Slaughter added. Paul Meeusen, Swiss Re’s head of Finance and Treasury…
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Link: How vulture capitalists ate Toys ‘R’ Us
“Just before the buyout, the company had $2.2 billion in cash and cash-equivalents. By 2017, its stockpile had shriveled to $301 million, even as its debt burden ballooned from $2.3 billion to $5.2 billion. Meanwhile, Toys ‘R’ Us was paying $425 million to $517 million in interest every year. This enormous cash drain probably made…
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Link: Millennials: A tale of two generations
‘The oldest Millennials are now in their mid 30s and finally “settling down,” which leads to heightened concerns about finances, kids and home buying, while the youngest Millennials are still pursuing their education.’ Chock full of survey info and demographic stuff. Original source: Millennials: A tale of two generations
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Link: Dropbox files for IPO — and their numbers are looking solid
“doing over $1B in annualized sales and are cash flow positive.” Original source: Dropbox files for IPO – and their numbers are looking solid
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