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How to Set Your Strategic Planning Time Horizon

South State Correspondent

Banks consistently produce under their cost of capital. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. As an industry, we misallocate capital. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195
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CarLotz Gets Go-Ahead From Its Shareholders For Merger With SPAC

PYMNTS

is a special purpose acquisition company (SPAC) “formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,” according to the announcement. Acamar Partners Acquisition Corp. The company landed $305.6

Exercises 200
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Citi Wants Revlon Lenders To Return $900M Paid In Error

PYMNTS

Citi executives asked for the money back, saying it was paid inadvertently due to an operational error, sources said. Revlon has been fighting with Brigade Capital Management LP, HPS Investment Partners LLC and Symphony Asset Management, the lenders holding the loan. Lenders who sued Revlon were surprised to learn Thursday (Aug.

Exercises 271
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Peloton Rival Equinox Snags Funding From Silver Lake

PYMNTS

Luxury gym operator Equinox has secured funding from Silver Lake, an equity firm, in its continuing bid to compete with exercise giant Peloton, according to a report by Bloomberg. Terms of the funding were not disclosed. Equinox already has around 100 locations throughout North America and the U.K., Peloton’s shares fell 4.9

Exercises 136
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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

billion if some underwriters exercise full share buying options. Q4 revenue jumped 697 percent year-on-year to $491 million, although the operating losses increased as well. The company, which went public six months ago and raised $1.6 billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25

Security 134
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Fitness Goes Micro With ‘Workout Pods’ Designed For On-Demand Exercise

CB Insights

Investors are betting they will: Misspao has already secured at least $11.4M Yotel closed its first funding round, a $250M in Corporate Minority investment from Starwood Capital Group, in Q3’17.). over two rounds of funding from ChinaEquity Group, Matrix Partners China, and others. Fitness on the go.

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Examining industries: The importance of industry analysis for financial institutions

Abrigo

Are there high capital or technological costs? Industries with high barriers to entry can pose challenges for new businesses but make well-established businesses a more secure investment. In the past, technology has pushed older products into obsolescence, but today, delivery systems can also change the operations of many industries.

Analysis 195