Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had...more
2/7/2020
/ Activist Investors ,
Aircraft ,
Airplane Accidents ,
Bid Rigging ,
Blockchain ,
Boeing ,
Cancer ,
China ,
Corruption ,
Credit Suisse ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Currency ,
Ernst & Young v Morris ,
Financial Institutions ,
Financial Markets ,
Huawei ,
Job Creation ,
Jobs Report ,
Johnson & Johnson ,
Netherlands ,
NTSB ,
Popular ,
Publicly-Traded Companies ,
Punitive Damages ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Stock Prices ,
Telecommunications ,
Unemployment ,
Verizon ,
White Collar Crimes
Google announced late Tuesday that co-founders Larry Page and Sergey Brin are “stepping down from executive roles at Google’s parent company, Alphabet.” Google CEO Sundar Pichai will now helm both operations, while Page and...more
12/4/2019
/ Agribusiness ,
Alphabet Company ,
Anti-Money Laundering ,
Board of Directors ,
Cannabis Products ,
CEOs ,
China ,
Department of Justice (DOJ) ,
Exports ,
Farms ,
Financial Institutions ,
Fishing Industry ,
Food Manufacturers ,
Google ,
Grocery Stores ,
Hedge Funds ,
Hemp ,
Huawei ,
Imports ,
Infrastructure ,
Lands End ,
Parent Corporation ,
Popular ,
Price-Fixing ,
Regulatory Burden ,
Regulatory Oversight ,
Regulatory Requirements ,
Resignation ,
Retail Market ,
Sears ,
Stock Markets ,
Stock Prices ,
Suppliers ,
Supply Chain ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies
T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more
11/19/2019
/ Appeals ,
Big Tech ,
Bonds ,
Business Valuations ,
Capital Raising ,
CEOs ,
China ,
Competition ,
Consumer Financial Products ,
Controlling Stockholders ,
Cosmetics ,
Criminal Convictions ,
Emerging Growth Companies ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Interest Rates ,
Internet ,
Japan ,
Loans ,
Martin Shkreli ,
Mobile Apps ,
Mortgages ,
OCC ,
Personal Care Products ,
Pharmaceutical Industry ,
Popular ,
Predatory Lending ,
Proposed Rules ,
Public Comment ,
Resignation ,
Revenue Growth ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Social Media ,
SoftBank ,
Startups ,
Stock Markets ,
Stock Sale Agreements ,
T-Mobile ,
Text Messages ,
Yahoo!
This week’s CEO exodus continues, with Juul Labs CEO Kevin Burns taking a hike in the midst of “public and regulatory outrage over the soaring use of teenage vaping.” Altria exec KC Crosthwaite will replace Burns. Altria, the...more
One can prorogate all one wants, but raise the ire of British MPs, and a price will be paid, my friends. So goes the story for PM Boris Johnson, against whom British lawmakers “rose up” on Monday to “prevent him from taking...more
9/4/2019
/ Airlines ,
American Airlines ,
AT&T ,
Aviation Industry ,
Bank of America ,
CEOs ,
China ,
Cyber Attacks ,
Financial Crisis ,
Financial Institutions ,
Global Marketplace ,
Hong Kong ,
HSBC ,
Huawei ,
JPMorgan Chase ,
Libor ,
Manufacturers ,
Market Manipulation ,
Motion to Dismiss ,
Resignation ,
RMBS ,
Telecommunications ,
Trade Wars ,
UK ,
UK Brexit ,
UK Parliament
Jobs Report Friday again! Lots to look for in the numbers this month, especially considering the economic uncertainty that’s defined the past few weeks....more
6/7/2019
/ 5G Network ,
Add-ons ,
Antitrust Provisions ,
Barnes and Noble ,
Bribery ,
Chrysler ,
Criminal Conspiracy ,
Critical Infrastructure Sectors ,
FCC ,
Fiat ,
Financial Institutions ,
Going-Private Transactions ,
Google ,
Healthcare Fraud ,
Huawei ,
Job Creation ,
JPMorgan Chase ,
Mexico ,
Opioid ,
Renault-Nissan ,
Robocalling ,
Tariffs ,
Trump Administration ,
Unemployment ,
US Trade Policies ,
Wells Fargo
The US’s ongoing trade war with China—which just isn’t going away any time soon—has prompted the White House to propose a new “$16 billion bailout for farmers hurt by Beijing’s tariffs.” At the same time, leaders from both...more
5/24/2019
/ Capital Raising ,
China ,
Criminal Prosecution ,
Cyber Threats ,
Cybersecurity ,
Deregulation ,
Deutsche Bank ,
Disclosure Requirements ,
DoorDash ,
Enforcement Actions ,
Fiduciary Rule ,
Financial Institutions ,
Financial Regulatory Reform ,
High Risk Financial Products ,
Indictments ,
Investment Adviser ,
On-Demand Services ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Theresa May ,
Trade Relations ,
Trade Retaliation ,
UK Brexit ,
US Trade Policies
Amidst all of that Black Friday and general holiday craziness, the White House released a blockbuster report issued by a collection of 13 federal agencies on Friday warning that, if left unchecked, global climate change could...more
11/26/2018
/ Black Friday ,
Campbell Soup Company ,
Climate Change ,
Danske Bank ,
Exxon Mobil ,
Facebook ,
Financial Crimes ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
First Amendment ,
Mitsubishi ,
Money Laundering ,
NRA ,
PayPal ,
Renault-Nissan ,
Retailers ,
UK ,
UK Brexit ,
Venmo ,
Whistleblowers
Some reaction to the HQ2 x2 news, including what a pair of new tech hubs actually means for the cities that have thrown out the red carpet to Amazon and other technology giants....more
11/7/2018
/ Amazon Marketplace ,
Benchmarks ,
Business Taxes ,
Cambridge Analytica ,
Chicago Mercantile Exchange (CME) ,
Class Action ,
Class Certification ,
Cybersecurity ,
Data Breach ,
Data Mining ,
Data Privacy ,
Facebook ,
Financial Institutions ,
Financial Regulatory Reform ,
Foreign Trade Regulations ,
General Elections ,
Homeless Issues ,
HSBC ,
Interest Rate Adjustments ,
Libor ,
Nordstrom Inc. ,
Oil & Gas ,
Oil Prices ,
Personal Data ,
Rabobank ,
Resignation ,
Technology Sector ,
U.S. House ,
UBS ,
UK ,
UK Brexit ,
Wells Fargo
The Federal Reserve bank released the minutes from its September meeting yesterday. Among other things, we learned that the Fed Governors moved largely in lockstep on September’s rate hike, even as the crew was less unanimous...more
10/18/2018
/ CEOs ,
China ,
Commercial Bankruptcy ,
Corporate Executives ,
Corporate Governance ,
Criminal Conspiracy ,
Criminal Prosecution ,
Currency Manipulation ,
Data Breach ,
Deutsche Bank ,
Facebook ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Forex ,
Free Trade Agreements ,
FSOC ,
Insurance Industry ,
Interest Rate Adjustments ,
Investment Fraud ,
Libor ,
Mark Zuckerberg ,
Martin Act ,
Prudential ,
Retail Market ,
Sears ,
Securities and Exchange Commission (SEC) ,
SIFIs ,
Trade Relations ,
Trans-Pacific Partnership ,
U.S. Treasury
Blink, and it’s Jobs Report Friday again. Where does the time go? Here’s what we’re watching for in the numbers....more
10/5/2018
/ Amazon Marketplace ,
Barnes and Noble ,
Bond Markets ,
Bonuses ,
Campbell Soup Company ,
Corruption ,
Department of Justice (DOJ) ,
Economic Development ,
Elon Musk ,
Enforcement Actions ,
Financial Institutions ,
General Electric ,
Hedge Funds ,
Italy ,
Job Creation ,
Minimum Wage ,
Money Laundering ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Stock Options ,
Tesla ,
Unemployment ,
Wage and Hour ,
White Collar Crimes
Though he was apparently ready to go with his “verbal agreement with the Saudis” defense, Elon Musk capitulated to pressure “from his lawyers and investors of Tesla” and agreed to resolve all SEC allegations of wrongdoing,...more
10/1/2018
/ 3-D Technology ,
Automotive Industry ,
Board of Directors ,
Canada ,
Cryptocurrency ,
Cyber Attacks ,
Data Breach ,
Deutsche Bank ,
Elon Musk ,
Embedded Tweets ,
Energy Projects ,
Energy Sector ,
Enforcement Actions ,
Facebook ,
Federal Rules of Civil Procedure ,
Financial Institutions ,
Free Trade Agreements ,
Gender Equity ,
General Data Protection Regulation (GDPR) ,
General Electric ,
Hackers ,
Housing Market ,
Internal Controls ,
Libor ,
Marijuana ,
NAFTA ,
Procter & Gamble ,
Saudi Arabia ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Securities Violations ,
Social Media ,
SoftBank ,
Solar Energy ,
Tesla ,
Trade Relations ,
Twitter ,
UK ,
UK Brexit
The results are in, and Comcast has bested Fox in the quest for British satellite broadcaster Sky with a final bid of roughly $39 billion in the unusual 3-round auction overseen by the UK’s Takeover Panel. The result must be...more
9/24/2018
/ Amazon Marketplace ,
Capital Raising ,
China ,
Class Action ,
Comcast ,
Crowdfunding ,
Data Breach ,
Energy Sector ,
Equifax ,
Financial Institutions ,
Financial Markets ,
Gilead Sciences ,
Healthcare Fraud ,
Imports ,
Investment Fraud ,
Investment Management ,
Kickbacks ,
Libor ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Pharmaceutical Industry ,
Sanofi ,
Secured Overnight Funding Rate (SOFR) ,
Tariffs ,
TD Ameritrade ,
Trade Relations ,
Trade Retaliation ,
UK ,
US Trade Policies ,
Whistleblowers
In January 2017, Alibaba co-founder Jack Ma was proudly promising to create 1 million jobs in America—a heady promise but one not unthinkable given Alibaba’s massive scale. Fast forward 20 months and a growing Sino-American...more
9/21/2018
/ Alibaba ,
Anti-Money Laundering ,
Banking Sector ,
Bear Sterns ,
Big Data ,
CBS ,
CFTC ,
Competition Authorities ,
Corporate Bonds ,
Data Collection ,
Data-Sharing ,
Email ,
Financial Crimes ,
Financial Institutions ,
Google ,
Initial Public Offering (IPO) ,
Job Creation ,
JPMorgan Chase ,
Kokesh v SEC ,
Market Manipulation ,
Money Laundering ,
NYSE ,
On-Demand Services ,
Payment Processors ,
PayPal ,
Privacy Concerns ,
Resignation ,
Securities and Exchange Commission (SEC) ,
Severance Pay ,
Sexual Harassment ,
Spoofing ,
Uber ,
UK ,
Wells Fargo ,
White Collar Crimes
“Pot is the new crypto,” declares Bloomberg, and if you’ve seen how the virtual currencies are faring these days, that should be a warning and not a selling point....more
9/20/2018
/ 21st Century Fox ,
Administrative Appointments ,
Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Bank of America ,
Comcast ,
Corruption ,
Cryptocurrency ,
Data Collection ,
Digital Currency ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Marijuana ,
Money Laundering ,
Nominations ,
Philanthropy ,
Resignation ,
Securities and Exchange Commission (SEC) ,
UK ,
Virtual Currency ,
Wells Fargo ,
White Collar Crimes
The author who literally wrote the book on the Enron is warning that the next financial crisis is lurking underground—aka, fracking has “turned the energy world upside down,” and it’s pulled in a bunch of Wall Street along...more
9/4/2018
/ Antitrust Litigation ,
Article III ,
Barclays ,
Children's Toys ,
China ,
Coca Cola ,
Credit Cards ,
Credit Suisse ,
Deutsche Bank ,
Elon Musk ,
Energy Sector ,
FDIC ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
Financial Markets ,
Fracking ,
Initial Public Offering (IPO) ,
Injury-in-Fact ,
LEGO ,
Libor ,
Living Will ,
Oil & Gas ,
Privacy Laws ,
Prudential ,
Regulatory Requirements ,
Sexual Harassment ,
Snapchat ,
SpaceX ,
Standing ,
Technology Sector ,
Tesla ,
UBS ,
Visa Inc
After years of flirting, Sprint and T-Mobile have made it official—announcing over the weekend that they have reached a deal to become one company. The deal—if it passes regulatory muster—would create a company with a...more
4/30/2018
/ Amazon Marketplace ,
Australia ,
China ,
Financial Institutions ,
Gender Discrimination ,
Inflation Adjustments ,
Microsoft ,
Nike ,
Quarterly Report ,
Sexual Harassment ,
SoftBank ,
Sprint ,
T-Mobile ,
Tariffs ,
Telecommunications ,
Trade Relations ,
UK ,
UK Brexit ,
US Trade Policies ,
Wal-Mart ,
Wireless Industry ,
Xerox
The DOJ is expanding its Wells Fargo sales probe into the bank’s wealth management division, a troubling move for an organization still trying to right the ship in its retail-banking unit where the sham-account scandal...more
3/19/2018
/ Blockchain ,
China ,
Cybersecurity ,
Data Collection ,
Department of Justice (DOJ) ,
Distributed Ledger Technology (DLT) ,
Facebook ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Franchises ,
FTSE ,
Housing Market ,
Initial Public Offering (IPO) ,
Joint Employers ,
McDonalds ,
NLRB ,
Retaliation ,
Startups ,
Wealth Management ,
Wells Fargo
The Times explores the $27 billion in fixed-income-trading income that has seeped out of Wall Street over the past 5 years thanks to “a combination of tough regulations, new technologies, calm markets and changing customer...more
1/12/2018
/ Anti-Money Laundering ,
Banks ,
Bitcoin ,
Cryptocurrency ,
Data Storage Providers ,
Digital Currency ,
Dropbox ,
ETFs ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Fixed Income Investments ,
Initial Public Offering (IPO) ,
Iran ,
Regulatory Standards ,
Shopping Centers ,
South Korea ,
Virtual Currency
Deutsche Borse CEO Carsten Kengeter announced yesterday that he’ll step down in the wake of insider-trading allegations related to the exchange’s now-defunct merger with the London Stock Exchange Group....more
10/27/2017
/ Aetna ,
Amazon Marketplace ,
Automotive Industry ,
Banking Sector ,
CEOs ,
CVS ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Enforcement Actions ,
EU ,
European Central Bank ,
Financial Crisis ,
Financial Institutions ,
Financial Markets ,
General Electric ,
Health Insurance ,
Insider Trading ,
London Stock Exchange ,
Nissan ,
Pharmacies ,
RBS ,
Resignation ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Trains
A federal jury in Brooklyn has found former HSBC Holdings exec Mark Johnson guilty on 9 counts of front-running that grew out of the DOJ’s investigation into forex manipulation at HSBC....more
10/24/2017
/ Agricultural Land ,
Agricultural Sector ,
Amazon Marketplace ,
Arbitration ,
Auto Parts ,
Automotive Industry ,
BMW ,
Chipotle Grill ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
DaimlerChrysler ,
Department of Justice (DOJ) ,
Dodd-Frank ,
EU ,
Farms ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Forex ,
General Electric ,
Germany ,
Goldman Sachs ,
HSBC ,
Market Manipulation ,
Price-Fixing ,
Trading Platforms ,
U.S. Treasury ,
Volkswagen
Despite a stronger global economic outlook than we’ve seen in years, the world’s central bankers appear loath to let go of stimulus measures while lower-than-expected inflation bedevils them....more
10/16/2017
/ Amazon Marketplace ,
Bank of New York (BNY) Mellon ,
Banking Sector ,
China ,
Commerzbank ,
Consumer Financial Products ,
Energy Sector ,
Enforcement Actions ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Global Economy ,
Initial Public Offering (IPO) ,
Native American Issues ,
Oil & Gas ,
Online Marketplace Lending ,
Payday Loans ,
Private Investment Funds ,
Quarterly Report ,
RMBS ,
Saudi Arabia ,
Sovereign Wealth Funds ,
Technology ,
Tribal Governments ,
Tribal Loans
HSBC’s making good on its plans to shift to a focus on Asia by naming John Flint—who spent his first 14 years at the bank in Asia—as its new CEO. Flint will take over from Stuart Gulliver in February....more
10/13/2017
/ Asset Diversification ,
Banking Sector ,
Bayer ,
Citigroup ,
Denmark ,
Deutsche Bank ,
Direct Advertising ,
Ethics ,
Film Industry ,
Financial Institutions ,
Financial Markets ,
Goldman Sachs ,
HSBC ,
Japan ,
Libor ,
Money Laundering ,
Monsanto ,
Pharmaceutical Industry ,
RMBS ,
Russia ,
Sexual Assault ,
Sexual Harassment ,
Steel Industry ,
White Collar Crimes
Food and consumer products conglomerate Unilever’s making a big play for the Asian market with its $2.7 billion deal to buy Carver Korea, a South Korean-based skin care specialist....more
9/27/2017
/ Bank of New York (BNY) Mellon ,
CFTC ,
Data Breach ,
EDGAR ,
Financial Institutions ,
General Electric ,
Initial Public Offering (IPO) ,
Insider Trading ,
Minimum Wage ,
Morgan Stanley ,
Personal Care Products ,
Retail Market ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Target ,
Unilever ,
Wage and Hour
Big news in the streaming world late yesterday, with Disney announcing that was acquiring a 75 percent stake in BamTech and would be pulling all of its content from Netflix in anticipation of launching its own streaming...more
8/9/2017
/ Amazon Marketplace ,
China ,
Disney ,
Financial Institutions ,
Ford Motor ,
Foreign Investment ,
Forex ,
Insurance Regulations ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Movies ,
Netflix ,
Wells Fargo