Tag Archives: CFPB

Financial Daily Dose 9.10.2019 | Top Story: Activist Investor Singer Discloses Stake in AT&T and Pushes for Change

BY: Michael D. Reif | September 10, 2019

Paul Singer’s Elliott Management hedge fund revealed a $3.2 billion stake in AT&T and, along with it, a healthy-skepticism of the company’s 2018 purchase of Time Warner and general calls to divest as part of a 24-page letter to the company outlining changes needed to help drive up its share price – NYTimes and WSJ … Continue reading

Financial Daily Dose 9.6.2019 | Top Story: A Preview of Today’s U.S. August Jobs Report

BY: Michael D. Reif | September 6, 2019

Jobs Report Friday! Here’s what to look for in the numbers – WSJ and Bloomberg and NYTimes The White House has rolled out its “long-awaited plan” to return federal mortgage giants Fannie Mae and Freddie Mac to the private sector. The proposal takes the form of a 49-recommendation approach that’s “unlikely to find an eager … Continue reading

Financial Daily Dose 8.28.2019 | Top Story: British PM to Suspend Parliament in Bid to Push Through Brexit

BY: Michael D. Reif | August 28, 2019

Man-of-the-people PM Boris Johnson is set to as the Queen to suspend parliament for 5 weeks in an attempt to squeeze the time for opposition to the October 31st Brexit deadline, a move that’s prompting concerns about a constitutional crisis in the UK – Bloomberg and NYTimes and WSJ and MarketWatch Mega-reunification news late yesterday, … Continue reading

Financial Daily Dose 8.13.2019 | Top Story: Global Volatility Sends Bonds Yields to Near-Record Lows

BY: Michael D. Reif | August 13, 2019

A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007 – NYTimes With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you econ diehards out there that’s a potential new tool for the Fed that would … Continue reading

Financial Daily Dose 7.26.2019 | Top Story: In a reversal, ECB to revive stimulus measures to boost EU economy

BY: Michael D. Reif | July 26, 2019

The European Central Bank announced on Thursday that is likely to revive the quantitative easing program aimed at “pump[ing] money into the region’s financial system,” a major reversal from just 6 months ago, when the ECB began winding down the bond-buying program – NYTimes and WSJ and Bloomberg McKinsey’s been in hot water with bankruptcy … Continue reading

Financial Daily Dose 5.7.2019 | Top Story: Occidental Ups Cash Bid for Anadarko

BY: Michael D. Reif | May 7, 2019

Occidental has increased the cash portion of its recent bid for rival Anadarko, upping the cash side of its $38 billion offer to 78% (from 50%). Chevron now has 4 days to sweeten its bid or lose out – NYTimes and WSJ and Bloomberg Some details of the White House’s sudden shift over the weekend … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 7, 2019

Regional lenders BB&T and SunTrust have announced plans to “unite in an all-stock deal” that would value the combined bank at $66 billion. The new lender would be the sixth-largest in the US, and, if allowed, would be created as part of the biggest post-crisis US bank merger – NYTimes and Law360 and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 4, 2019

All of that SuperBowling seems to have put activist investor Starboard in the mood for some pizza—specifically, former NFL-partner Papa John’s, which has struggled in the wake of the removal of its founder and namesake John Schnatter – WSJ Goldman Sachs has begun hinting that fallout from its role in the Malaysian 1MDB scandal may … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 4, 2018

We’re glad the steak dinner went well, but we’re also still anxiously awaiting actual details about what exactly is covered by the pause in the US/China trade war – NYTimes and Bloomberg The markets were less concerned about the finer points, it would seem – NYTimes and WSJ and Bloomberg DC Federal District Court Judge … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 25, 2018

New York has sued Exxon Mobile over its alleged failure to disclose to its shareholder the “expected risk of climate change to its business”—behavior that the state asserts amounts to a “’longstanding fraudulent scheme’ to deceive investors, analysts and underwriters” – NYTimes and CNBC and Law360 Wells Fargo’s chief administrative officer and auditor are out … Continue reading