Stocks struggle; Alibaba extends its reach; Google’s fender-benders

    May 14th, 2015





    Wall Street taking a bit of a breather...

    Student-debt-focused Vested Finance collects seed financing round

    May 14th, 2015

    Vested Finance Inc., a technology-based financial services company, has completed a $5 million seed round of financing.

    The Austin startup collected the capital from San Francisco-based Sandleigh Ventures. Vested Finance plans to use the money to expand operations and open offices in Austin, San Francisco and Washington, DC, according to a Monday news release.

    Vested Finance, which launched earlier this year, is developing an application and a financial instrument designed to enable users to resolve the student debt crisis. The startups approach is expected to enable backers to invest in students in exchange for a percentage of the students future earnings.

    CEO Lorne Abony...

    Guidant Financial and InvestNextDoor Announce Marketplace Lending’s Largest …

    May 14th, 2015

    BELLEVUE, Wash., May 13, 2015 /PRNewswire/ –Today, small business financing leader Guidant Financial revealed it has entered a strategic partnership with InvestNextDoor. Together, the two companies are announcing what they believe to be the marketplace lending industrys largest and most exclusive small business loan origination agreement: Guidant Financial has committed to drive at least $100 million in business to InvestNextDoors marketplace lending platform.

    The partnership matures the market for small business loans in alternative finance by creating the most integrated solution for small businesses and entrepreneurs with loan requests of less than $250,000. Coming together...

    Verizon buys AOL; Stocks fall as bonds sell off; McDonald’s drive-thru plan

    May 13th, 2015





    Stocks...

    Alternative Business Loans in Colorado

    May 13th, 2015

    DENVER, May 12, 2015 /PRNewswire/ –Business owners continue to face challenges qualifying for financing. As an alternative to bank financing and SBA loans, CSI Financial LLC provides Business Loans in Coloradoand across the nation to businesses that experience high growth, operating losses, lack of commercial banking options, seasonality fluctuations and cash flow issues. We understand the unique financial challenges facing business owners, so we offer flexible financing solutions tailored to meet our clients immediate working capital needs, said CEO, Christopher A. Smith. As a private lender, we are very responsive and make decisions in days vs. weeks.

    Logo – http://photos.prnewswire.com/prnh/20150511/215016LOGO...

    An economist shows how an overgrown finance industry poisons society

    May 13th, 2015

    Whether or when a financial sector can grow so big it interferes with societys healthhas been a burning question since the crash of 2008 and the Great Recession that followed.

    Its rare for a leading economist, especially one from deep inside the finance sector itself, to weigh in with a resounding yes! But thats the conclusion of University of Chicago economist Luigi Zingales, who states bluntly that theres nothing in theory or practice tosupport the notion that all the growth of the financial sector in the last 40 years has been beneficial to society.

    America’s credit scores are slowly getting better

    May 13th, 2015

    Credit quality across the US is getting better. 

    The New York Fed has a great new interactive that shows just how much the credit economy (how many adults have a credit file and credit score), credit availability, and credit quality have changed on both the state and county level.

    The differences in the map look more or less the same over time: Northerners have vastly better credit scores than Southerners. But in both places, the picture is getting better, little by little. And the credit economy as a whole, which shrunk between 2007 and 2012 (to 89.1% from 96%), is finally coming back (it was at 92.5% in 2014). 

    And the results show that broadly, this is a sign the US economy,...

    Inside the Johns Hopkins finance class that’s ‘guaranteed’ to get you a job on …

    May 13th, 2015

    Kelly Chu stands at the front of the room and explains a complex spreadsheet displayed on a projector.

    With precision she describes the discounted free cash-flow model she built of a food-services and construction company, and walks through its revenue-growth assumptions before making a recommendation on whether or not to invest.

    Chu is not a wealth manager or an investment banker. Wearing flip-flops and jeans, the 21-year-old is a junior at Johns Hopkins University, and shes presenting to her applied economics and finance class, a course at a non-Wall Street target school that guarantees its alumni top jobs on the Street, according to the professor.

    Chus classmates are other...

    George Osborne vows to reform EU; Greek liquidity fears grow – live updates

    May 13th, 2015

    The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country’s central bank by EUR1.1bn, taking the ceiling to EUR80bn, two banking sources told Reuters on Tuesday.

    The move comes after eurozone finance ministers on Monday welcomed some progress in slow-moving talks on a cash-for-reform deal between Athens and the IMF, the European Commission and the ECB but said more work was needed to each a deal.

    “This leaves an unused liquidity buffer of about EUR3.5bn,” one of the banking sources said after an ECB teleconference on Tuesday.

    The ECB has raised the cap in increments, keeping pressure on Athens...

    Metric of the Month: Total Cost of the Finance Function

    May 13th, 2015

    Ask any CFO if his or her role has changed in the last decade, and you’ll likely hear the same answer: Yes, in a big way.

    Not so long ago, the finance chief was charged primarily with keeping the company legal, allocating financial resources, and measuring how well shareholder capital is used to generate new shareholder value. Today’s CFO still wears the stewardship hat, but he or she also carries the flag of disciplined growth.

    The CFO is now a central figure in strategic planning: He or she is expected to explain in clear terms the relative strengths and probable risks of competing options for strategic investments. The CFO today wields facts that are hard to dispute...