Tag Archives: Dodd-Frank

Financial Daily Dose 8.8.2019 | Top Story: L Brands CEO Claims Epstein Misappropriated “Vast Sums”

BY: Michael D. Reif | August 8, 2019

Les Wexner, the billionaire CEO of Victoria’s Secret and Bath & Body Works parent company L Brands, has accused his former money manager and confidant, Jeffrey Epstein, of misappropriating “vast sums of money” from Wexner and his family. Wexner claims he first learned of the wrongdoing in 2007 – NYTimes and WSJ and Bloomberg China … Continue reading

Financial Daily Dose 6.12.2019 | Top Story: State AGs take aim at Sprint/T-Mobile merger with antitrust suit

BY: Michael D. Reif | June 12, 2019

Sprint and T-Mobile are facing new merger headwinds in the form of a NY & CA state AG-led lawsuit in the Southern District of New York that seeks to block the deal, alleging that it would cost customers of the companies “at least $4.5 billion a year” – NYTimes and WSJ and Law360 The good … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 23, 2018

The US House included the revised Volcker Rule that we’ve discussed in a broader package of Dodd-Frank reforms that it passed with bipartisan support last night. The bill—ostensibly aimed at easing restrictions on small to midsize banks—raises the SIFI threshold and consolidates regulatory authority in the Fed, among other things – Bloomberg and NPR and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 6, 2017

The Senate Banking Committee has voted out of committee a bipartisan effort to ease Dodd-Frank regulations. The bill in question could “drastically cut” the number of banks subject to heightened Fed oversight and “would ease red tape affecting credit unions and community banks” – WSJ and Law360 Which makes all the more interesting yesterday’s report … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 28, 2017

Samsung’s Lee Jae-yong has been indicted on bribery charges, about 10 days after he was taken into custody for the second time in a month over a corruption scandal that helped take down South Korea’s president – WSJ A collection of corporate heavy hitters are betting big on the blockchain technology behind bitcoin rival Ethereum to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 8, 2017

Worried about the general lack of worry with the markets?  We can fix that in just five charts [aka, hello darkness my old friend] – Bloomberg The Deal Professor’s tutorial this week concerns the fate of Fannie and Freddie, who, after nearly a decade, are still around, still in a quasi-governmental limbo, and still a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 7, 2017

So, about that all-important succession plan at Disney . . .  – NYTimes and WSJ Acting SEC head, Commissioner Michael Piwowar, revealed yesterday that the Commission would revisit a 2015 rule calling for companies disclose the pay gap between chief executives and their employees – WSJ and Law360 Meanwhile, the EU is weighing in on … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 3, 2017

Oh yes.  Jobs Report Friday, once again.  Your obligatory 5 things to watch as you read – WSJ Snap Inc. filed its first public prospectus yesterday in advance of its fast-approaching offering date, playing up the strength of its ad revenue in just two short years as part of its pitch for big-time value – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 11, 2016

Breakingviews on the increased leverage Verizon’s gained with news of Yahoo’s ongoing cybersecurity crisis – NYTimes A new administration and big business deals—what it means for those in the works [NYTimes] and a new wave of M&A in the offing – NYTimes Meanwhile, the outlook for Dodd-Frank is, ahem, troubled – WSJ JPMorgan has joined … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | June 8, 2016

Despite Tribune Publishing’s (wait, wait, is that tronc now?) best efforts to play defense, Gannett is not backing down from its unsolicited offer to acquire the publisher – NYTimes And Tribune shareholders aren’t exactly sitting back, either – Law360 More thoughts on the impact of the Dell buyout ruling, this time from the Deal Professor, … Continue reading