The world’s keeping a wary eye on Turkey’s economic well-being, especially given the precipitous drop in the value of the country’s currency (which has pushed up prices for consumers and corporations) and President Erdogan’s...more
7/11/2018
/ Android ,
Antitrust Violations ,
Automotive Industry ,
Breach of Duty ,
China ,
Credit Suisse ,
Deutsche Bank ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
EU ,
Fiduciary Duty ,
Financial Services Industry ,
Forex ,
Google ,
Insider Trading ,
Judges ,
Morgan Stanley ,
Nominations ,
Retirement Plan ,
Rupert Murdoch ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Smartphones ,
Tariffs ,
Tesla ,
Trade Policy ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
Turkey
JPMorgan has agreed to pay $65 million to US authorities [in the form of the CFTC] to resolve allegations that its traders attempted to manipulate the benchmark rate known as ISDAfix....more
6/19/2018
/ AT&T ,
Audi ,
Automotive Industry ,
Bailout ,
Carbon Emissions ,
CFTC ,
China ,
Comcast ,
E-Commerce ,
Google ,
Greece ,
ISDAfix ,
JPMorgan Chase ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Tariffs ,
Time Warner ,
White Collar Crimes ,
Xerox ,
ZTE
Chalk up a major win for Carl Icahn. Icahn has forced Xerox’s CEO, Board Chair, and 5 other board members out of their jobs as part of a push by activist investors. The shake-up will jeopardize the company’s $6.1 billion...more
5/2/2018
/ ABC Test ,
Activist Investors ,
Barclays ,
CA Supreme Court ,
CFTC ,
China ,
Class Action ,
Credit Default Swaps ,
Dark Pool ,
EU ,
Facebook ,
Forex ,
Free Speech ,
Goldman Sachs ,
Google ,
Imports ,
Independent Contractors ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Market Manipulation ,
Personal Data ,
Silicon Valley ,
Sprint ,
T-Mobile ,
Tariffs ,
Technology Sector ,
Telecommunications ,
US Trade Policies ,
Xerox
It was a busy Thursday in the big pharma world, with drugmaker Shire rejecting a $60 billion takeover offer from Japan’s Takeda, while US rival Allergan disclosed that it was considering a bid of its own for Shire....more
4/20/2018
/ Amazon ,
Automotive Industry ,
Barclays ,
Class Action ,
Class Certification ,
Derivative Suit ,
Deutsche Bank ,
Export-Import Bank of the US ,
Exports ,
Financial Conduct Authority (FCA) ,
Google ,
HSBC ,
Japan ,
Pharmaceutical Industry ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Shareholder Litigation ,
Takeda Pharmaceuticals ,
Takeover Bids ,
Tariffs ,
Technology Sector ,
Whistleblowers
It’s a bit more overtly political than business-oriented, but given China’s economic might, we felt it worth noting that China’s Communist Party has cleared the way for President Xi Jinping to “stay in power indefinitely” by...more
2/26/2018
/ Administrative Law Judge (ALJ) ,
Administrative Proceedings ,
Anti-Competitive ,
Berkshire Hathaway ,
Capital Requirements ,
Charles Schwab ,
China ,
Constitutional Challenges ,
Dropbox ,
Financial Markets ,
Google ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Libor ,
Lucia v SEC ,
SCOTUS ,
Stock Prices
The Dow closed above 26k yesterday for the first time on what some are dubbing the FOMO rally or the “melt-up” market....more
1/18/2018
/ Apple ,
Artificial Intelligence ,
Blockchain ,
Broadcom ,
Citibank ,
Consumer Financial Protection Bureau (CFPB) ,
Dow Jones ,
Federal Trade Commission (FTC) ,
Financial Markets ,
General Electric ,
Google ,
HSBC ,
IRS ,
Libor ,
Mortgages ,
Offshore Funds ,
Payday Loans ,
Repatriation ,
RMBS ,
Technology Sector
Breakingviews is all about new GE CEO John Flannery’s quest for the “soul” of the company, but it’s also very interested in less philosophical matters—especially on the heels of GE halving dividends....more
11/14/2017
/ Antitrust Investigations ,
Banking Sector ,
Cable Television Providers ,
Capital Requirements ,
Credit Suisse ,
Dodd-Frank ,
Financial Markets ,
Forex ,
General Electric ,
Google ,
Initial Public Offering (IPO) ,
Qualcomm ,
Regulatory Oversight ,
State and Local Government ,
Takeover Bids ,
Telecommunications
Facebook may have had a difficult day on the Hill. But a 79% rise in Q3 profit—driven, ironically enough, by online ads—should help soften the blow....more
11/2/2017
/ Administrative Appointments ,
Amazon Marketplace ,
Apple ,
Arbitration ,
Automotive Loans ,
Banking Sector ,
Board of Directors ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Lenders ,
Digital Currency ,
Facebook ,
Federal Reserve ,
Financial Services Industry ,
FOMC ,
Google ,
Initial Coin Offering (ICOs) ,
Interest Rate Adjustments ,
Microsoft ,
Quarterly Report ,
Securities and Exchange Commission (SEC) ,
Sharing Economy ,
Social Media ,
SoftBank ,
Subprime Loans ,
Token Sales ,
Trump Administration ,
Uber ,
Unregistered Securities ,
Virtual Currency
Lyft, armed with a fresh billion from Google’s venture investment arm (CapitalG), is looking seriously at a 2018 IPO. The CapG money raises Lyft’s valuation from $6.9 billion to more than $10 billion....more
10/20/2017
/ Automobile Recall ,
Automotive Industry ,
Barclays ,
Bitcoin ,
Business Litigation ,
Capital Raising ,
CFTC ,
China ,
Cryptocurrency ,
Digital Currency ,
E-Commerce ,
Fashion Industry ,
Financial Markets ,
Google ,
Hedge Funds ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Insider Information ,
Internet Retailers ,
Japan ,
Lord & Taylor ,
Lyft ,
Manufacturers ,
Nissan ,
Retail Market ,
Retailers ,
Safety Inspections ,
Securities Fraud ,
Sharing Economy ,
Stock Markets ,
Subscription Services ,
Token Sales ,
Trading Platforms ,
Virtual Currency ,
Wal-Mart
If Netflix is to be believed (and, you know, it is a public company), there’s a LOT more Stranger Things and House of Cards on the way...
Turns out Nelson Peltz’s failed quest for a P&G board seat was crazy close. As in,...more
10/17/2017
/ Asset-Backed Securities ,
Consumer Lenders ,
Cryptocurrency ,
Digital Currency ,
Enforcement Actions ,
Exchange-Traded Products ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Google ,
Initial Coin Offering (ICOs) ,
Internet Streaming ,
Millennials ,
Netflix ,
Nordstrom Inc. ,
Procter & Gamble ,
Publicly-Traded Companies ,
Retail Market ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Startups ,
Token Sales ,
Unicorns ,
Unregistered Securities ,
Wells Fargo
The Peltz/P&G drama continues, with the company suggesting that Trian has lost its bid for a Board seat and the fund arguing that it disagrees with the company’s counting of the ballots....more
10/11/2017
/ AFL-CIO ,
Apple ,
Banking Sector ,
Board of Directors ,
Commercial Loans ,
Consumer Financial Protection Bureau (CFPB) ,
Data Breach ,
Debt Market ,
Dow Jones ,
Driver's Licenses ,
Equifax ,
Financial Markets ,
Forex ,
GlaxoSmithKline ,
Google ,
Honeywell International ,
HSBC ,
Information Sharing ,
Insider Trading ,
Moody's ,
Navient ,
Personally Identifiable Information ,
Pfizer ,
Pharmaceutical Industry ,
Procter & Gamble ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Shareholder Votes ,
Spinoffs ,
Stocks
In a major blow to the SEC, in-house judge Carol Fox Foelak dismissed the agency’s fraud claims against financier Lynn Tilton concerning statements to investors in her Zohar CLO funds. For years, Tilton had worked to avoid a...more
Uber’s got more than a spot of bother on its hands in London after this morning’s announcement that the company’s largest market in Europe won’t renew the ride-hailing service’s license to operate in the city (citing “a lack...more
9/22/2017
/ AIG ,
Banks ,
Bonds ,
China ,
Corporate Social Responsibility ,
Credit Ratings ,
Data Breach ,
Department of Justice (DOJ) ,
EDGAR ,
EU ,
Federal Reserve ,
Financial Markets ,
FSOC ,
Global Market ,
Google ,
Grocery Stores ,
Hackers ,
HTC America ,
Moody's ,
Payment Systems ,
Public Safety ,
S&P ,
Securities and Exchange Commission (SEC) ,
Sharing Economy ,
SIFIs ,
Smartphones ,
Technology Sector ,
Uber ,
UK
Vanguard’s not well known for making waves, but the $4.5 trillion mutual-fund manager has quietly increased its corporate engagement activity over the past year—discussing governance, pay, and other issues with nearly a...more
9/5/2017
/ Banking Sector ,
Bitcoin ,
China ,
Class Action ,
Cross-Selling ,
Derivatives ,
Digital Currency ,
Ethereum ,
Financial Fraud ,
Goldman Sachs ,
Google ,
Initial Coin Offering (ICOs) ,
Innovation ,
Mutual Funds ,
Online Marketplace Lending ,
Payday Loans ,
Procter & Gamble ,
Silicon Valley ,
Tribal Loans ,
Tribal-State Gaming Compacts ,
Vanguard ,
Wells Fargo
Chevron CEO John Watson is out in a move that leaves the energy giant without a board-confirmed successor and marks the “dramatic shift under way at big oil companies as they adapt to a prolonged period of lower prices...more
8/23/2017
/ Automotive Industry ,
Banking Sector ,
Bayer ,
BHP Billiton ,
Bitcoin ,
Capital Requirements ,
Cell Phones ,
Chevron ,
China ,
Cybersecurity ,
Digital Currency ,
Fiat ,
Google ,
Initial Public Offering (IPO) ,
Jeep ,
Monsanto ,
Oil & Gas ,
Regulatory Oversight ,
Retail Market ,
Virtual Currency ,
Wal-Mart
Wells Fargo has reportedly uncovered another trove of unauthorized accounts, according to a regulatory filing on Friday. The bank also disclosed a CFPB investigation over potential harm to customers over its practice of...more
8/7/2017
/ Apple ,
Arbitration ,
Bitcoin ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Selling ,
Cryptocurrency ,
Diversity ,
Financial Institutions ,
Financial Markets ,
Gender Equity ,
Google ,
Information Technology ,
Job Creation ,
Navient ,
Nike ,
Regulatory Agenda ,
Student Loans ,
Technology Sector ,
Unemployment ,
Virtual Currency ,
Wall Street ,
Wells Fargo
European antitrust regulators have dropped a massive $2.7 billion fine on Google for allegedly “unfairly favoring some of its own search services over those of rivals”....more
6/27/2017
/ Activist Investors ,
Amtrak ,
Antitrust Violations ,
CalPERS ,
Charter Communications ,
Comcast ,
Commercial Bankruptcy ,
EU ,
Facial Recognition Technology ,
Google ,
Martin Shkreli ,
Nestle ,
Search Engines ,
Search Rankings ,
Sprint ,
Takata ,
Telecommunications ,
Wireless Industry
Even as the administration is mulling over withdrawing from the Paris Climate Accord, Exxon Mobil’s shareholders have voted to demand a more detailed accounting of the climate change policy risks facing the company—an...more
6/1/2017
/ Banking Sector ,
Bernie Madoff ,
Bitcoin ,
Bonds ,
China ,
Climate Change ,
Cybersecurity ,
Environmental Policies ,
Exxon Mobil ,
Financial Markets ,
Google ,
Greenhouse Gas Emissions ,
Initial Public Offering (IPO) ,
Ireland ,
Morgan Stanley ,
Nasdaq ,
Paris Agreement ,
Ponzi Scheme ,
Trump Administration ,
Uber ,
Venezuela ,
Virtual Currency
Goldman Sachs’ recent purchase of $2.8 billion in Venezuelan bonds has been kicking around the headlines for a few days now. Here’s what’s at stake for the country and the bank....more
5/31/2017
/ Administrative Proceedings ,
Anti-Money Laundering ,
BlackRock ,
Bonds ,
Class Action ,
Constitutional Challenges ,
Deutsche Bank ,
Federal Reserve ,
Financial Institutions ,
Goldman Sachs ,
Google ,
Hedge Funds ,
Impression Products v Lexmark International ,
Ocwen ,
Patent Infringement ,
RMBS ,
Robocalling ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
TCPA ,
Trade Secrets ,
Uber ,
Venezuela ,
Wells Fargo
Now that NAFTA seems to have an at-least-momentary reprieve, let’s take a breath and take a look at the four major industries that would be affected by any big changes in the deal....more
4/28/2017
/ Amazon Marketplace ,
Barclays ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Deloitte ,
Earnings Reports ,
ETFs ,
Fannie Mae ,
Financial Institutions ,
Financial Markets ,
Google ,
Hedge Funds ,
Internet Lenders ,
Microsoft ,
NAFTA ,
Online Marketplace Lending ,
Private Equity Firms ,
Securities Violations ,
Tribal Loans ,
Uber ,
US Trade Policies ,
Whistleblowers
Mega luxury brand news yesterday, as LVMH announced a series of moves that, combined with $13.1 billion, helped it take over the 70-year-old French fashion house Christian Dior....more
4/26/2017
/ Bitcoin ,
Blockchain ,
Corporate Taxes ,
Dodd-Frank ,
Dubai ,
Financial Institutions ,
Financial Regulatory Reform ,
Google ,
Proposed Legislation ,
Regulatory Oversight ,
Student Loans ,
Tax Reform ,
Technology ,
Trump Administration ,
Virtual Currency ,
Wells Fargo
A group of current and former Citizen Bank branch employees from five states has admitted to fabricating information about the results of the Bank’s much-touted “Citizens Checkup” program (in which real customers are invited...more
3/30/2017
/ Article 50 Treaty of the EU ,
Banking Sector ,
Capital Raising ,
Commercial Bankruptcy ,
Confidential Information ,
Credit Cards ,
Energy Sector ,
EU ,
Foreclosure ,
Google ,
Initial Public Offering (IPO) ,
Intellectual Property Protection ,
Loan Modifications ,
Member State ,
Mortgages ,
Pharmaceutical Industry ,
Referendums ,
Technology Sector ,
Uber ,
UK ,
UK Brexit ,
Valeant
Index-fund giant State Street is putting gender diversity on corporate boards front and center, announcing this week that it will begin voting against board members charged with nominating new directors if they don’t make an...more
3/9/2017
/ Android ,
Antitrust Provisions ,
Automotive Industry ,
Capital Raising ,
Commodities ,
Diversity ,
Driverless Cars ,
Electric Vehicles ,
EU ,
Financial Institutions ,
Gender Equity ,
Goldman Sachs ,
Google ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Iran Sanctions ,
North Korea ,
Price Maintenance ,
Sharing Economy ,
State Street ,
Uber ,
Volvo ,
ZTE
FinCEN is extending its campaign to press title insurance companies to reveal the real buyers behind shell companies that pay cash for high-end real estate deals in select cities around the country....more
2/24/2017
/ Anti-Money Laundering ,
Beneficial Owner ,
Big Data ,
BSA/AML ,
Capital One ,
Cash Transactions ,
China ,
Department of Justice (DOJ) ,
Driverless Cars ,
Financial Institutions ,
Financial Markets ,
FinCEN ,
Google ,
Intellectual Property Protection ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Money Laundering ,
Patents ,
Real Estate Investments ,
Securities and Exchange Commission (SEC) ,
Shell Corporations ,
Stock Markets ,
Technology ,
Technology Sector ,
Title Insurance ,
Trump Administration ,
Uber
Some solid non-search-engine growth helped Alphabet post pretty solid Q4 numbers (with profit missing estimates but revenue surging past them)....more
1/27/2017
/ Alibaba ,
Banks ,
Barclays ,
Charter Communications ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Google ,
Importers ,
Imports ,
Mergers ,
Mexico ,
Telecommunications ,
Trade Relations ,
UK ,
UK Brexit ,
US Trade Policies ,
Verizon