Credit & Capital

Bankruptcy

Oilfield Services Company McDermott Files for Bankruptcy

The prepacked Chapter 11 bankruptcy plan includes $2.8 billion in operating cash and elimination of more than $4.6 billion of debt.

William Sprouse
January 22, 2020
Risk

4 Climate Change Myths Debunked

Overcoming these myths will allow organizations to operate in a transparent and action-oriented environment.
Accounting

Technical Accounting: The CFO’s Secret Weapon

A great partnership with accounting will actually help drive and influence financial results (legally, of course).
Investor Relations

CFOs Dealt With a Record Number of Activist Investors in 2019

A record 99 campaigns globally had an M&A-related thesis, accounting for about 47% of all the year's activity.
Risk

BlackRock CEO: Climate Change is Causing a ‘Fundamental Reshaping of Finance’

“The evidence on climate risk is compelling investors to reassess core assumptions about modern finance,” Larry Fink says.
M&A

Visa Makes Fintech Move With $5.3B Plaid Buy

The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
Credit

Global Debt-to-GDP Hits Record 322% in Q3

The Institute of International Finance sees debt growth accelerating this year due to low interest rates and "loose financial conditions."
M&A

Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal

MGM Resorts will lease both properties for an initial rent of $292 million.
Capital Markets

Fired Boeing CEO to Depart with Potential $80 Million

Dennis Muilenburg will not receive severance or separation payments in connection with his departure.
IPOs

Casper Sleep Seeks to Wake up Wall Street

The mattress firm's IPO filing says it is the first company to serve the growing "sleep economy" in a "holistic" way.
Cash Management

ECB Continues Assessing ‘Feasibility And Merits’ Of Digital Currencies

They could have major implications for the financial sector and the transmission of monetary policy, says Christine Lagarde.
M&A

Acquirers Again Underperformed the Broader Market in 2019

Dealmakers' share-price performance trailed the MSCI World Index by five points, and deal volume sank as tensions left companies in wait-and-see mode.
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