Tag Archives: KKR

Financial Daily Dose 6.13.2019 | Top Story: Emails reveal Zuckerberg aware early of Facebook privacy concerns

BY: Michael D. Reif | June 13, 2019

A round of internal Facebook emails produced in response to an FTC probe appear to show that the company’s “potentially problematic privacy practices” had filtered their way up to the very top of the social networking site—Zuck, himself—as early as 2012, right around the time of the company’s consent decree with the FTC – WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 12, 2018

Germany’s diesel emissions scandal bears a lot of resemblances to the Wells Fargo debacle here at home.  It just can’t seem to quit itself. This week, we’ve learned that German authorities have opened a criminal inquiry into to Audi exec Rupert Stadler over possible fraud and have ordered Daimler to recall “hundreds of thousands of … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 4, 2018

Jobs Report Friday! As usual, some thoughts on items of note while you peruse the numbers – WSJ and MarketWatch and NYTimes The DOJ has charged former VW chief exec Martin Winterkorn (and 5 others) with conspiring to defraud the US government in Volkswagen’s “yearslong effort to rig its diesel vehicles to feign compliance with … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 18, 2017

We covered subprime auto yesterday.  Today, it’s the other growing debt concern in the US—student loan obligations.  Though here’s an unexpected take on it: due to missing or fake documentation, billions in defaulted student loan debt may be deemed uncollectible – NYTimes The Fed has fined BNP Paribas nearly $250 million to resolve allegations of … Continue reading