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IN AN OWNERSHIP CULTURE, PEOPLE SPEND MONEY LIKE IT’S THEIR OWN


When we talk about changing culture in an organization, it rarely starts with finance, but maybe it should. Why? Because finance has a significant impact — good or bad — on the culture of any organization. In an Executive Session at AFP 2021, Gary Bischoping, partner at Hellman & Friedman, and Greg Milano, founder and

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WESTERN UNION COMPLETES FIRST CLOSING OF ITS BUSINESS SOLUTIONS DIVESTITURE


The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced the Company has completed the first closing of the divestiture of its Business Solutions segment to a consortium of Goldfinch Partners, LLC (“Goldfinch”) and The Baupost Group, LLC (“Baupost”) for approximately $910 million in cash. Read More

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SANTANDER CONSUMER EXPANDS ITS DIGITAL AUTO FINANCE EXPERIENCE IN PARTNERSHIP WITH AUTOFI


Santander Consumer USA Inc., a wholly owned subsidiary of Santander Holdings USA, Inc. (“Santander US”), today announced the expansion of its partnership with AutoFi Inc. (“AutoFi”), a leading e-commerce platform for automotive sales and financing, to develop SC’s end-to-end digital car buying experience. Santander US has also invested in the capital raise announced today by AutoFi, strengthening the Santander/AutoFi

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HOW BANKS CAN MEASURE HIDDEN ESG RISKS?


Banks and other financial institutions are increasingly accounting for environmental, social and governance (ESG) factors in their portfolios. A particular area of focus has been on the environmental component, especially around decarbonization. Adopting a strategy focused on ESG or decarbonization, however, is easier said than done – in part because the strategy is only as