By Huw Jones

LONDON (Reuters) – The safety buffers of banks in the European Union would swell by billions of euros under proposed rules that allow lenders to include the value of software investments like cybersecurity in capital calculations.

Currently a bank must deduct the value of software from its capital buffer upfront, adding 36 basis points to its core ratio or mandatory measure of stability.

The European Banking Authority (EBA) said banks will be allowed to “amortise” or taper the value of software for capital purposes over three years.

That would boost capital by about 20.2 billion euros in 2020 across a sample of 64 banks, and by 20 billion euros in 2021, it said.

“The proposed approach is designed to be simple to implement and applicable to all institutions in a standardised manner, as is the case today with the deduction treatment,” the EBA said in a statement

Read More

When my management team presented our 2020 plan to our board in late March, we were asked how much capital we needed to ensure our DevOps business survives COVID-19. At the time, we had no idea what was next but we had three choices: raise, hold, or run.

Twelve months earlier I had been diagnosed with Stage 3 colon cancer and, in surviving it, realized that while I control nothing, I could influence anything. I decided running wasn’t a choice and set out to preserve the business. We assessed how much capital would carry us for 24 months and set out to fundraise.

In the past two years, I had a successful exit, almost died, and was at the helm of a company growing 100% plus in the midst of a pandemic. I had done raises in 1994, 2001, 2008, and 2016, but this time I had no fear of

Read More

Running an online business and being your own boss definitely has its appeal. In fact, it’s so enticing that the number of registered online businesses in the country is now 40 times more in the past five months[1]. Definitely, the internet is a great medium to connect with customers without leaving home. However, starting an online business also has its challenges—the biggest one is coming up with enough money for capital. But don’t worry because there are many online business ideas you can start for as low as PHP 2,000.

Want to take the leap? Keep on reading to learn more about online business ideas in the Philippines you can start in 2020.

Online Business Ideas 2020

1. Make Artisanal Candles

online business ideas 2020 – candle business

Aromatherapy candles can help people relax after a tiring day. They are perfect to cap off a busy workday,

Read More

  • Materials Highlight Management’s Strategic Value Creation Plan and Compelling Upside for the Company if Australis’ Director Slate is Elected
  • Warns Shareholders that Dissidents Seek Control of the Company, Have a Concerning Growth Plan and History of Self-Enrichment
  • Shareholders Urged to Vote for Australis’ Director Nominees Using Only the BLUE Proxy Card well in advance of the November 13, 202011:30 a.m. Mountain Time deadline
  • Contact the Company’s proxy solicitor, Gryphon Advisors Inc. at 1-833-490-0586 or by email at inquiries@gryphonadvisors.ca for more information or assistance voting the BLUE proxy

LAS VEGAS, Oct. 13, 2020 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company“) announces the filing of its Proxy Circular and an accompanying  letter to shareholders related to the Annual General & Special Meeting scheduled on November 17, 2020.

AUSA is at a crossroads and the outcome of the proxy contest

Read More

BRISTOL, Tenn., Oct. 13, 2020 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA) today issued the following statement in response to the letter the Company’s Board of Directors received from MG Capital Management, Ltd.:

Contura welcomes the opportunity to engage with its shareholders and we welcome constructive input relating to enhancing shareholder value. We remain focused on delivering long-term shareholder value and will continue to take actions to achieve that objective. Although we would have preferred that MG Capital engage with Contura privately, we have reviewed and considered the MG Capital letter. MG Capital, the Board, and the executive management team are closely aligned in their goals and strategic direction for the Company; however, we believe that a number of the underlying assertions in the letter are inaccurate and we wish to clarify some of them.

As coal industry investors are aware, the last year has been one of the

Read More

LivaNova PLC (NASDAQ:LIVN), a market-leading medical technology and innovation company, today confirmed receipt of a letter from PrimeStone Capital LLP (PrimeStone) to its Board of Directors and issued the following statement:

“LivaNova welcomes open communication and values constructive input toward the goal of enhancing value for all LivaNova shareholders. The Company’s Board of Directors and management will continue to take actions to achieve this objective. Members of the Company’s executive leadership team and the Board have held discussions with PrimeStone over the past several months.

LivaNova regularly evaluates the Company’s strategic plan and remains focused on execution, while upholding its mission to provide hope for patients through innovative medical technologies and to deliver life-changing improvements for the Head and Heart.”

LivaNova will provide an update on Company performance during its third quarter 2020 earnings call on Thursday, October 29.

About LivaNova

LivaNova PLC is a global medical technology and innovation

Read More

Corridor founder Craig Enenstein.

Photo by Ringo Chiu.

Despite its sometimes opaque and immutable image, private equity is a constantly evolving field. 

From its early days dominated by buyout shops looking to cut expenses at any cost to the operationally focused world of today, private equity has undergone major shifts throughout its roughly half-century history.


Now Craig Enenstein, founder of Sawtelle-based Corridor Capital, says the industry is entering a new technology-driven era, underpinned not necessarily by cutting-
edge innovations but by incremental streamlining. 


“It’s technology enabling businesses that might not have been technology centric,” Enenstein said. “The changes can seem small, but the effect is huge.” 


Enenstein believes private equity will have an important role to play in the macro shift toward a technology-enabled economy, providing traditional American businesses with the capital and expertise to upgrade and stay competitive.


Corridor Capital’s founder has been obsessed with private equity — or

Read More

The REIT sector is still a good place for value investors to find beaten down bargains. In this article, I’m focused on Broadmark Realty Capital (BRMK), whose share price has declined by 20% since the start of the year. I evaluate what makes Broadmark an attractive investment at the current valuation; so let’s get started.

(Source: Company website)

A Look Into Broadmark

Broadmark is a commercial mortgage REIT that is focused on construction, redevelopment, and land development loans. It was founded in 2010, and since then, it has funded over 1000 real estate loans with an aggregate face amount of approximately $2B. As seen below, Broadmark has seen a rapid growth in its active loan portfolio over the past 6 years.

(Source: Company Earnings Presentation)

What I like about Broadmark is that it is conservatively managed with zero debt and has strong liquidity, with $218M in cash on hand. Its

Read More

New York City Faces Severe Financial Crisis Amid COVID-19 Pandemic

Photographer: Spencer Platt/Getty Images

Neuberger Berman’s Dyal Capital Partners bought a minority stake in Veritas Capital, a private equity firm with more than $20 billion of assets under management, according to people with knowledge of the matter.

Veritas, run by Ramzi Musallam, invests in companies that are related to government services. That includes aerospace, defense, energy, national security and health care, according to its website. Dyal’s stake is about 10%, one of the people said.

Dyal is extending a deal streak after raising its fourth and largest fund last year, at $9 billion. Its fifth fund is expected to be around the same size, said the people, who asked not to be identified discussing private investments. The new fund is nearing its first close at the end of October, one of the people said. The Neuberger unit competes with Blackstone Group Inc. and Goldman Sachs Group

Read More

Launching an innovative crowdfunding platform giving individuals the ability to be part of Nitya’s deals.

HOUSTON, Oct. 10, 2020 /PRNewswire/ — Nitya Capital LLC announces the release of a revolutionary crowdfunding platform, providing investors the power to attain interest in Nitya’s deals, never before open to the public.

Real Estate Investment Redefined
Real Estate Investment Redefined

Invest NOW in Real Estate Crowdfunding platform WITHOUT ANY FEES.

Housed within Nitya’s website, the crowdfunding platform provides a full-scale range of wealth fund options across asset classes, including multifamily and office properties. The crowdfunding platform is uniquely positioned to provide investors with a better offer by eliminating additional fees, typically passed along to investors using third-party crowdfunding models.

“This is a game changer for a lot of investors. We’ve built a platform that enhances the way people can invest in real estate by taking away the extra fees and giving them access to our ventures,” said

Read More