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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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Due Diligence During Economic Downturn

Alpha Sense BI

In periods of high risk, renewed attention is brought to due diligence and what should concern your decision-making. That means a company needs to have dry powder to absorb any losses and maintain a cushion because, without this, even the strongest-performing company becomes vulnerable. Is Cash Flow Stable?

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4 perils of being an IT pioneer

CIO

Here are four major setbacks that business and IT leaders could encounter if they rush to adopt a new technology without due diligence. Lack of support Finding resources who are skilled with a new technology can be a challenge. A senior IT leader from a bank confronted this challenge while working with a fintech provider. “We

IT 572
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Generative AI in Investment Banking

Alpha Sense BI

While they are not newcomers to digital transformation, investment banks (IBs) are increasingly adopting generative artificial intelligence (genAI) across their organizations. In the last couple of decades, investment banks have adopted AI for customer-centric interfaces and to automate data functions. million per employee by 2026.

Banking 59
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5 ESG Investing Trends and Developments to Watch in 2023

Alpha Sense BI

Recent investigations into Goldman Sachs Assets Management (GSAM) and Deutsche Bank for their claims have led to speculations of fund managers relabeling their products to cash in on the trend without doing any of the heavy lifting. It’s a staggering fraction that relays the potential economic mayhem of continuous biodiversity loss.

Finance 98
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Athene and Annexus Announce Expanded Index Lineup

Wink Intel

” “Annexus takes great pride in the rigorous due diligence and in-depth research and analysis that goes into our index selection process,” said Co-Founder Don Dady. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people.

Banking 40
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Wink, Inc. Releases 2nd Quarter, 2022 Deferred Annuity Sales Results

Wink Intel

and Moore Market Intelligence commented, “For the first time, banks sold more annuities than any distribution channel. Variable annuities have no floor, and the potential for gains/losses is determined by the performance of the subaccounts that may be invested in an external index, stocks, bonds, commodities, or other investments.

Sales 52