SoftBank’s been burning up the deal scene in recent months (Fortress, anyone?), and it keeps right on rolling by helping orchestrate the merger of satellite operator and investee OneWeb with Intelsat in a bid to increase...more
3/1/2017
/ Banking Sector ,
Capital Raising ,
Citibank ,
Enforcement Actions ,
Federal Reserve ,
Forex ,
Information Technology ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Internet ,
Internet Service Providers (ISPs) ,
NYSE ,
Offerings ,
Publishers ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Snapchat ,
Social Media ,
SoftBank ,
Takeover Bids ,
Technology Sector
A review of the Fed minutes released yesterday shows the willingness of some Fed Governors to start rate raising again sooner rather than later....more
2/23/2017
/ Academy Awards ,
Banking Sector ,
Banks ,
Energy Sector ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
FinTech ,
Foreclosure ,
Innovation ,
Innovative Technology ,
Interest Rate Adjustments ,
Interest Rates ,
NASA ,
Outer Space ,
Renewable Energy ,
Secretary of the Treasury ,
Shareholders ,
Silicon Valley ,
Solar Energy ,
SolarCity ,
Tax Reform ,
TCPA ,
Technology ,
U.S. Treasury ,
Wells Fargo
Activist investor Carl Icahn has taken a sizeable stake in Bristol-Myers Squibb, a move that reportedly caught execs at the drugmaker unawares and sets the stage for a potential sale....more
2/22/2017
/ Activist Investors ,
Anti-Money Laundering ,
Automotive Industry ,
Automotive Loans ,
Bank Accounts ,
Banks ,
Bristol-Myers Squibb ,
Consumer Financial Products ,
Consumer Lenders ,
Cross-Selling ,
False Claims Act (FCA) ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Fraud ,
HSBC ,
Interest Rate Adjustments ,
Money Laundering ,
Multinationals ,
Pharmaceutical Industry ,
UK ,
Universal Health Services Inc v United States ex rel Escobar ,
Wells Fargo
Unfortunately enough for Deutsche Bank, 2017 isn’t starting off much better than the previous year. The German banking giant has agreed to pay a $425 million fine to NY state authorities (and another $204 million to the UK’s...more
1/31/2017
/ Banking Sector ,
Banks ,
Bonds ,
Capital Requirements ,
Deutsche Bank ,
Dodd-Frank ,
Elon Musk ,
Energy Storage ,
Facebook ,
Federal Reserve ,
Financial Institutions ,
Investors ,
Microsoft ,
Money Laundering ,
Renewable Energy ,
Russia ,
Stress Tests ,
Tesla ,
Trump Administration
Turns out the Fed’s plate isn’t just full of decisions surrounding interest rates. It’s got a massive portfolio of mortgage and Treasury securities that needs some serious tending, too....more
1/30/2017
/ Bonds ,
Department of Labor (DOL) ,
Distressed Assets ,
Federal Reserve ,
Fiduciary Rule ,
Financial Institutions ,
Globalization ,
IKEA ,
Imports ,
Manufacturers ,
Mexico ,
Mortgages ,
RMBS ,
Securities ,
Securities Fraud ,
Silicon Valley ,
Trade Relations ,
U.S. Treasury ,
UBS ,
US Trade Policies
The emissions cheating scandal that recently cost VW $4.3 billion and a mess of criminal indictments isn’t, it seems, confined to the Germans. We heard months ago about a similar probe into Mitsubishi, and yesterday we...more
1/13/2017
/ Amazon Marketplace ,
Automotive Industry ,
Broker-Dealer ,
Carbon Emissions ,
Citigroup ,
Criminal Investigations ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Environmental Protection Agency (EPA) ,
Environmental Violations ,
Exchange-Traded Products ,
Federal Reserve ,
Fiat ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Forex ,
Interest Rate Adjustments ,
Job Creation ,
Market Manipulation ,
Mitsubishi ,
Money Market Funds ,
Mutual Funds ,
National Emissions Standards ,
No-Action Letters ,
Retail Market ,
Robots ,
Sales Commissions ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Software ,
Volkswagen ,
White Collar Crimes
Lynn Tilton’s very public spat with the SEC over the agency’s in-house court system may be heading to the Supreme Court, thanks in part to a recent 10th Circuit opinion last week that created a Circuit split over the...more
1/4/2017
/ Administrative Proceedings ,
Appointments Clause ,
Big Data ,
Bitcoin ,
China ,
Constitutional Challenges ,
Credit Cards ,
Digital Currency ,
Enforcement Actions ,
Fast-Food Industry ,
Federal Reserve ,
Foreign Currency ,
Foreign Debt ,
Investment ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Stocks ,
Virtual Currency
The bond market seems to have a pretty good guess of things to come, at least. The bond market lost more than $1 trillion in value last week, and 30-year US bond yields rose the most since January 2009—all in anticipation of...more
11/14/2016
/ AT&T ,
Banks ,
Big Data ,
Bonds ,
Enforcement Actions ,
False Claims Act (FCA) ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Mergers ,
Pensions ,
Presidential Elections ,
Presidential Nominations ,
Securities and Exchange Commission (SEC) ,
Time Warner ,
Trump Administration ,
Wells Fargo ,
Whistleblowers
China’s expected to announce Q3 economic growth of 6.7 percent this week—a number envied by any other country in the world but the sign of major slowdown there. Dealbook looks at what, exactly, a less-gangbusters Chinese...more
10/19/2016
/ Acquisitions ,
Banks ,
BlackRock ,
China ,
Data Breach ,
Deutsche Bank ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Global Economy ,
Goldman Sachs ,
Hackers ,
HSBC ,
Inflation Adjustments ,
Junk Bonds ,
Loans ,
Mergers ,
RMBS ,
Salesforce ,
Social Media ,
Twitter ,
Verizon ,
Yahoo!
Some thoughts—from Chair Yellen, herself—about why, despite pretty strong economic indicators for a pretty long time now, the Fed hasn’t begun to raise rates again....more
10/17/2016
/ ATMs ,
Bank of America ,
Banks ,
Caterpillar ,
China ,
Chip and PIN ,
Debit and Credit Card Transactions ,
Deutsche Bank ,
Federal Reserve ,
Financial Institutions ,
Heavy Equipment ,
Interest Rate Adjustments ,
Investment Management ,
Point of Sale Terminals ,
Retailers ,
RMBS ,
Securities Violations
Holding companies appear to be an important new feature of the “living will” revisions the big banks have been making in an effort to appease the Fed and FDIC’s efforts to stamp out “too big to fail” entities. The idea is for...more
10/13/2016
/ Bank Accounts ,
Banking Sector ,
Banks ,
Consumer Financial Products ,
Consumer Lenders ,
Corporate Culture ,
Cross-Selling ,
Federal Reserve ,
FinTech ,
Fraud ,
Holding Companies ,
Interest Rate Adjustments ,
Morgan Stanley ,
Online Marketplace Lending ,
Russia ,
Tone At The Top ,
Toyota ,
Wells Fargo
As foreshadowed a few weeks ago, the Bank of England has cut its main interest rate to an historically low .25 percent in an effort to address the impact of June’s Brexit vote. The BOE will start bond buying in September....more
8/4/2016
/ Bank of England ,
Bonds ,
CMBS ,
CNN ,
Digital Media ,
EU ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Goldman Sachs ,
Hulu ,
Internet Streaming ,
Member State ,
Money Market Funds ,
Mortgages ,
Referendums ,
Securities ,
Time Warner ,
UK Brexit
Bayer’s making good on its rumored interest in Monsanto in a deal that could be valued at more than $42 billion and would bring together two of the world’s biggest suppliers of crop seeds and pesticides...more
5/19/2016
/ Automotive Industry ,
Bank of America ,
Bayer ,
Bonds ,
Credit Suisse ,
Deutsche Bank ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Interest Rate Adjustments ,
Market Manipulation ,
Meeting Minutes ,
Merger Agreements ,
Monsanto ,
Shareholder Activism ,
Theranos ,
Trading Platforms ,
Yahoo!
The Federal Reserve is now tossing around a proposal that would “effectively place[] a cap on how much business banks can do with another bank or company”—the idea being to prevent the 2008-era mistake of Wall Street banks...more
3/7/2016
/ Banking Sector ,
Board of Directors ,
Diversity ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
Financial Markets ,
Foreign Currency ,
Job Creation ,
JPMorgan Chase ,
Washington Mutual