Australia’s finance industry is beset by a raft of compliance lapses — from data reporting breaches to trader misbehavior. Heat on the nation’s largest banks harks back to a period when a yearlong inquiry into misconduct revealed rampant wrongdoing in 2019.
Jay Ritter Articles: page 5

MarketWatch | Crypto broker eToro’s upsized IPO to test the waters for stock-market newcomers
Mobile-app stock and digital-currency company eToro is set to go public Wednesday after a huge rally in stocks. Jay Ritter, who specializes in IPOs, said other deals are likely if the eToro IPO generates a solid gain in its debut
Sportico | DraftKings the exception to sports SPACs’ dire track record
DraftKings, the company that sparked the sports SPAC craze in 2020, still stands as the best of the blank-check sports deals. Whether you consider SPACs part of the meme stock madness of the pandemic or just another cyclical market mania, DraftKings’
Financial Times | Warren Buffett’s legacy: fantastic returns and a troubling precedent
Jay Ritter comments on this story about Warren Buffett’s legacy. The Berkshire Hathaway CEO announced that he would be stepping down at the end of the year in favor of his long-designated successor, Greg Abel. Read more in this story
Newsweek | Trump Media Stock Jumps 57%
Trump Media & Technology Group (TMTG) has been on a tear in recent weeks, as the president’s company has begun touting increasing fundamental strengths beyond its association with the president. The stock closed at $26.14 on Friday, up 57 percent from
Bloomberg | Nomura Bets Big on US Market Rebound With $1.8 Billion Deal
Nomura Holdings Inc. is telling clients to stay invested through the turmoil that’s pervaded financial markets during the escalating trade tensions. With its $1.8 billion acquisition of an asset management business, the Japanese brokerage is putting its money where its
Bloomberg | SPACs Set to Capitalize on IPO Freeze With $1 Billion Deal Burst
President Donald Trump’s tariff war has hammered stocks and bonds, and shuttered the traditional IPO market. Yet even with risk appetite on hold, the area that could benefit most from the rampant volatility is among the most speculative: The SPAC market.

Miami Herald | UM booster John Ruiz’s company says it could close within a year
The slow collapse of John Ruiz’s insurance claims company appears to be nearing its end. MSP Recovery, helmed by the brash attorney and University of Miami athletics booster, admitted that it has “substantial doubt” about its ability to continue to
Crunchbase | The longer IPOs delay, the less likely debuts will happen
Going public is not a decision any company takes lightly. For complex, high-revenue businesses in particular, an IPO filing reliably requires years of preparation and hefty investment. Likewise, postponing or canceling a planned debut is never a flippant choice. Sometimes
Newsweek | Map Reveals Top 5 Easiest and Hardest States to Save Money In
In a new ranking, Newsweek mapped the five easiest and five hardest U.S. states to save money in, based on a study by Bankrate analyzing financial conditions across the nation. Jay Ritter shares his insights on the ranking.