Tag Archives: Soft Bank

Financial Daily Dose 8.12.2019 | Top Story: Saudio Aramco Releases Financial Ahead of Planned IPO

BY: Michael D. Reif | August 12, 2019

Saudi Aramco’s mega IPO plans are back on, and while valuation and other stumbling blocks remain, the kingdom is hoping to raise billions via the public offering as early as next year – WSJ and Bloomberg Russian authorities are opening an antitrust probe into Apple’s recent moves restricting and removing parental control apps from its … Continue reading

Financial Daily Dose 5.13.2019 | Top Story: Uber Shares Diving

BY: Michael D. Reif | May 13, 2019

True, the economic headwinds weren’t its fault, but boy—not a banner debut for Uber after years of speculation and waiting – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And that meant an equally rough patch for SoftBank, which has lost more than $9 billion in value since booking a $3.8 billion gain from … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 22, 2017

We learned pretty early on that VW wasn’t alone in employing emissions-cheating software to get around environmental regs. But until now, it’s borne the brunt of the bad press for its actions.  Well, with Fiat Chrysler’s DOJ negotiations and pledge to modify 100,000 vehicles, VW might finally have some front-page company – NYTimes Though at … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 19, 2017

Jon Corzine’s plotting his Wall Street comeback, and he’s planning on using the unpredictable nature of the new administration to help him (and his new hedge fund) get there – NYTimes Speaking of the White House, it took the first steps yesterday toward an overhaul of Nafta. The extent of the renegotiations, however, is far … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 12, 2017

Store-branded credit cards are still big business, but as the Times tells us, their contribution to companies’ bottom lines are masking bigger troubles at retailers around the US – NYTimes Dealbook’s Common Sense considers why our story about Jes Staley (and the whistleblower and the apology) really is that big of a deal for Barclays. … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 15, 2017

A recap of Chair Yellen’s first day on the Hill under the new administration. For now, the message was similar: yes on hikes, slow on pace, careful attention to the economy in the meantime – NYTimes and WSJ and Bloomberg and Law360 Japan’s SoftBank hasn’t been shy about bold moves, but its most recent one—the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 11, 2017

Some early signs of the focus of SoftBank’s “hugely ambitious” $100 billion investment fund are beginning to emerge, and at first blush, it appears a majority of the cash will land in private and public markets rather than with start-ups – NYTimes The Journal introduces us to PACE loans—a “booming corner of the lending industry” … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 5, 2016

Federal regulators are on the verge of creating a brand new type of banking license specifically for fintech.  Called “special purpose national bank charters,” the licenses are intended to enable fintech companies that accept deposits, facilitate e-payments, or lend money to expand more quickly across the country – NYTimes and Law360 and WSJ The Upshot … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 19, 2016

The very-busy SEC has opened an inquiry into Fiat Chrysler and possible inflation of its monthly vehicle sales totals. The DOJ is reportedly investigating sales reporting as well – NYTimes and Bloomberg The Carlyle Group is staring down the barrel of a $1 billion civil lawsuit by the failed Carlyle Capital Corp.’s liquidators over the … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 18, 2016

William Ackman’s multi-year effort to expose Herbalife as a Ponzi scheme (and make good on his massive short of its stock) saw something of a moral victory last week, with the FTC imposing big-time sanctions ($200 million in consumer relief) on the nutritional supplements company on Friday but stopping short of shutting Herbalife down [making … Continue reading