Many small businesses now have more time to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). The deadlines vary depending on when the reporting business was created or registered, but those for some categories have been extended by about two or three weeks,...
According to the latest Survey of Business Uncertainty, firms are now more uncertain about their prospects than they were before the pandemic. The December survey, which is conducted monthly by the Federal Reserve Bank of Atlanta, found that despite the uncertainty, companies’ expectations for sales...
Kimura Capital is reportedly closing its London-based trade finance business and returning money to investors. The company will continue its ventures in commodity logistics and sports management, but a proposed commodity hedge fund will not move forward, Bloomberg reported Tuesday (Dec. 17), citing unnamed sources. Kimura Capital did...
Companies have a lot to consider — the market, their employees, short-term implications, potential outcomes and more. In the mobility industry, the changing nature of how and why entities move means those decision-making processes involve a lot of volatility. And too often sector treasurers are...
Goldman Sachs Chairman David Solomon has reportedly predicted stronger capital raising under the next Trump administration. Solomon also said Tuesday (Nov. 19) that there will be a more robust merger and acquisition (M&A) environment under the new president. “Given where we are at the moment, … you’re starting to...
Canadian FinTech Nuvei has completed its previously announced go-private transaction. As a result of the completion of the arrangement, the company expects that the subordinate voting shares will be de-listed from the Toronto Stock Exchange around Monday (Nov. 18) and from the Nasdaq Global Select Market...
Automotive finance company and digital services platform Vroom filed for Chapter 11 bankruptcy Wednesday (Nov. 13), saying in a filing with the Securities and Exchange Commission (SEC) that it plans to operate its business as a “debtor-in-possession” under the jurisdiction of the bankruptcy court. None of its subsidiaries are...
The top-performing North American Growth Corporates save nearly $10 million in bottom-line benefits. Why? Smarter working capital strategies play a key role. These firms’ leaders speed up cash cycles, cut borrowing costs and keep suppliers happy — all moves that can give them a real...
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday....