In a significant departure from decades of restrictive population management efforts, China’s ruling party will now permit couples to have three children—“ending a two-child policy that has failed to raise the country’s...more
6/1/2021
/ Acquisition Agreements ,
Amazon Marketplace ,
Anti-Money Laundering ,
Beverage Manufacturers ,
China ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
Economic Development ,
Financial Services Industry ,
Infectious Diseases ,
Inflation Adjustments ,
Lyft ,
MGM ,
OECD ,
Open Source Software ,
Private Equity ,
Uber
JPMorgan Chase has elevated two execs, Jennifer Piepszak and Marianne Lake, to top spots as joint heads of the firm’s “sprawling” consumer and community banking division ...more
5/19/2021
/ Automotive Industry ,
Bank of America ,
Connected Items ,
Corporate Culture ,
Deutsche Bank ,
Diversity and Inclusion Standards (D&I) ,
Energy Policy ,
Hertz ,
Infrastructure ,
Internet Memes ,
JPMorgan Chase ,
Marketing ,
Motor Vehicles ,
Software ,
Stock Prices
Despite the reemergence of inflation and bubbles as the concerns-of-the-day that caused markets to quiver their way to a 3-month low yesterday, Fed officials remained committed to their “wait and see” strategy on removing...more
5/12/2021
/ Antitrust Violations ,
App Store ,
Apple ,
Artificial Intelligence ,
Bankruptcy Court ,
Biden Administration ,
Census ,
CFTC ,
Chapter 11 ,
China ,
Clean Energy ,
Commercial Bankruptcy ,
Consumer Price Index ,
Criminal Investigations ,
Deutsche Bank ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Google ,
Inflation Adjustments ,
Job Creation ,
Legislative Agendas ,
Mobile Apps ,
NRA ,
OCC ,
Renewable Energy ,
Sales Commissions ,
True Lender ,
UK ,
Unemployment ,
Whistleblower Awards
More details on that massive ransomware hack that hit Colonial Pipeline over the weekend. The FBI has confirmed that hacking group DarkSide was responsible and that it’s “looking for any ties the group might have to...more
5/11/2021
/ 1MDB ,
American Rescue Plan Act of 2021 ,
Chipotle Grill ,
Citigroup ,
Cryptocurrency ,
Data Breach ,
Deutsche Bank ,
Driverless Cars ,
Embezzlement ,
Facebook ,
FBI ,
Federal Funding ,
Hackers ,
Infrastructure ,
Instagram ,
NTSB ,
Oil & Gas ,
Online Safety for Children ,
Pipelines ,
Special Purpose Acquisition Companies (SPACs) ,
Tesla ,
Victoria Secret ,
Wage and Hour
Apple and Fortnite-maker Epic Games kick off their “high-stakes” trial over App Store fees, Apple’s payment system, and breach of contract. At the core of the dispute is Apple’s incredibly lucrative App Store, which charges...more
5/3/2021
/ 3M Company ,
Apple ,
BaFin ,
Berkshire Hathaway ,
Breach of Contract ,
Commercial Leases ,
Credit Suisse ,
Deutsche Bank ,
EPIC ,
Google ,
Hiring & Firing ,
Job Creation ,
Military Service Members ,
Mobile Apps ,
Multidistrict Litigation ,
Product Defects ,
Quarterly Report ,
Unemployment ,
Verizon ,
Warren Buffett
Consulting standard-bearer McKinsey & Co. will pay $573 million to resolve state investigations and allegations related to its role “in helping ‘turbocharge’ opioid sales, a rare instance of it being held publicly accountable...more
2/4/2021
/ Automotive Industry ,
Bitcoin ,
Cannabis Products ,
DaimlerChrysler ,
Deutsche Bank ,
Donald Trump ,
Enforcement Actions ,
Financial Markets ,
GameStop ,
General Motors ,
Google ,
Jazz Pharmaceuticals ,
MassMutual ,
Microchip Technology ,
Microsoft ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Robinhood Financial ,
Semiconductors ,
Stock Prices ,
Stock Trades ,
Substance Abuse
U.S. drug giant Merck is shuttering its coronavirus vaccine development “after early trial data showed [its pair of vaccines] failed to generate immune responses comparable to natural infection or existing vaccines.” ...more
1/25/2021
/ Administrative Appointments ,
Amazon Marketplace ,
Antitrust Violations ,
Bank of America ,
Biden Administration ,
Citibank ,
Clinical Trials ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
DuPont ,
Federal Reserve ,
FOMC ,
Hiring & Firing ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Internet Streaming ,
Janet Yellen ,
JPMorgan Chase ,
Layoffs ,
Merck ,
NBC ,
Pharmaceutical Industry ,
Postmates ,
Special Purpose Acquisition Companies (SPACs) ,
Vaccinations
Aaaand we’re back. Hope all have stayed safe and healthy. Let’s get to business. Friday’s Jobs Report saw the U.S. recovery thrown in reverse, with employers cutting 140,000 jobs in December amidst “rising coronavirus cases...more
1/11/2021
/ ATMs ,
Bitcoin ,
Boeing ,
China ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Facebook ,
Foreign Policy ,
Infectious Diseases ,
Theranos ,
Twitter ,
UK Brexit ,
Unemployment
A federal judge has delivered another win for TikTok over the weekend, temporarily blocking a White House ban “on new downloads of the video-sharing network, which would have gone into effect at 11:59 p.m. in Washington.” The...more
9/29/2020
/ Airplane Accidents ,
Alphabet Company ,
Amazon Marketplace ,
Boeing ,
Business Licenses ,
China ,
Commerzbank ,
Data Collection ,
Deutsche Bank ,
E-Commerce ,
eBay ,
Export Controls ,
Federal Reserve ,
Infrastructure ,
Interest Rates ,
Mobile Apps ,
National Security ,
Rare Earth Metals ,
Semiconductors ,
Sexual Harassment ,
Shareholder Litigation ,
Social Media ,
Spoofing ,
Tax Planning ,
TikTok ,
Trump Administration ,
Uber ,
UK ,
Wire Fraud
New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more
9/25/2020
/ Amazon Marketplace ,
BMW ,
Bonds ,
Capital Raising ,
Coronavirus/COVID-19 ,
Data Mining ,
Deutsche Bank ,
Economic Downturn ,
Financial Crimes ,
Financial Stimulus ,
FinCEN ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
Legislative Agendas ,
Money Laundering ,
Recessions ,
Retail Sales ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Special Purpose Entities ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits ,
White Collar Crimes
The White House has given its crucial imprimatur to a deal for Oracle (and Walmart) to take a stake in Chinese video app TikTok, “an agreement that will delay the U.S. government’s threat to block the popular app in the...more
9/21/2020
/ BSA/AML ,
Business Continuity Plans ,
China ,
Coronavirus/COVID-19 ,
Data Collection ,
Deutsche Bank ,
Electric Vehicles ,
EU ,
Financial Crimes ,
Financial Markets ,
Fraud ,
Infectious Diseases ,
JPMorgan Chase ,
Mobile Apps ,
Money Laundering ,
Mortgages ,
National Security ,
Oracle ,
Remote Learning ,
Social Media ,
TikTok ,
Trump Administration ,
Wal-Mart
The Fed sought to reassure markets for the foreseeable future on Wednesday by announcing that it plans to hold rates at their near-zero mark until into 2023 as it tries to “coax the economy back to full strength after the...more
9/17/2020
/ Amazon Marketplace ,
Coronavirus/COVID-19 ,
Data Storage ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Federal Reserve ,
Financial Markets ,
FOMC ,
Golf ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Main Street Lending Programs ,
Oracle ,
Retail Sales ,
Spoofing ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits
If not immune to surprise at this point in 2020, that might be the appropriate feeling at the apparent emergence of late-stage suitor Oracle as the winner of the TikTok sweepstakes. Though terms between ByteDance and Oracle...more
9/15/2020
/ Antitrust Violations ,
Biotechnology ,
Cancer ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
Freelance Workers ,
General Motors ,
Gilead Sciences ,
Google ,
Infectious Diseases ,
National Emissions Standards ,
Natural Gas ,
NVIDIA ,
Oil & Gas ,
Oracle ,
Popular ,
Rare Earth Metals ,
Securities Fraud ,
Social Media ,
SoftBank ,
Spoofing ,
TikTok ,
Trump Administration ,
Unemployment Benefits ,
White Collar Crimes ,
Woman Board Members
German lender Deutsche Bank has reached a $150 million settlement with NY’s Department of Financial Services over its years long failure to “detect or prevent millions of dollars of suspicious transactions” from flowing...more
7/8/2020
/ Consumer Financial Protection Bureau (CFPB) ,
Deutsche Bank ,
Facebook ,
Financial Institutions ,
Financial Markets ,
Hate Speech ,
Hong Kong ,
Investment Adviser ,
NYDFS ,
Paycheck Protection Program (PPP) ,
Payday Lending Rule ,
Settlement ,
Suspicious Activities ,
Technology Sector
On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of...more
6/23/2020
/ CFTC ,
China ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
Disgorgement ,
Financial Fraud ,
Google ,
H-1B ,
H-2B ,
Hiring & Firing ,
Immigration Procedures ,
Infrastructure ,
Mobile Apps ,
Online Advertisements ,
Revenue ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Spoofing ,
Stock Markets ,
Trade Relations ,
Trading Platforms ,
Trump Administration ,
Unemployment ,
Workplace Decontamination
A proposed class action filed in federal court in California on Tuesday accuses Google of “surreptitiously amass[ing] billions of bits of information—every day—about internet users even if they opt out of sharing their...more
6/3/2020
/ Cancer ,
CARES Act ,
Class Action ,
Coronavirus/COVID-19 ,
Data Collection ,
Deutsche Bank ,
Facebook ,
Google ,
Microsoft ,
Monsanto ,
Non-Performing Loans (NPL) ,
Police Brutality ,
Protests ,
Slack ,
Twitter ,
Zoom®
In a week that’s already seen plenty of C-suite shakeups, we’ve learned that Ginni Rometty is stepping down from her role as CEO at IBM. The company’s cloud computing chief, Arvind Krishna, will take over for her, though...more
1/31/2020
/ Amazon Marketplace ,
Artificial Intelligence ,
Automotive Industry ,
Banking Regulators ,
Bench Trial ,
Board of Directors ,
C-Suite Executives ,
CEOs ,
China ,
Civil Monetary Penalty ,
Commercial Bankruptcy ,
Commodities ,
Deutsche Bank ,
Dodd-Frank ,
E-Commerce ,
Earnings Reports ,
Economic Growth ,
Emerging Markets ,
Ethicon ,
False Advertising ,
Fashion Industry ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Financial Regulatory Reform ,
GDP ,
Germany ,
Global Health Issues ,
Hedge Funds ,
IBM ,
Infectious Diseases ,
Internet Retailers ,
Johnson & Johnson ,
Life Sciences ,
Medical Devices ,
Pharmaceutical Industry ,
Popular ,
Private Equity ,
Public Health ,
Resignation ,
Retail Market ,
Robotics ,
Robots ,
UBS ,
Venture Capital ,
Volcker Rule ,
World Health Organization
Jobs Report Friday again. Here’s what we’re watching, including the possibility of scary low numbers thanks to the only-recently-resolved GM strike....more
11/1/2019
/ Automotive Industry ,
Banks ,
China ,
Collective Bargaining ,
Commercial Bankruptcy ,
Corporate Taxes ,
Currency Manipulation ,
Deutsche Bank ,
Economic Development ,
Employment Contract ,
Federal Reserve ,
Fiat ,
Ford Motor ,
Foreign Currency ,
Gender Discrimination ,
General Motors ,
Interest Rate Adjustments ,
Inversion ,
Job Creation ,
JPMorgan Chase ,
Labor Relations ,
Office Space ,
Peugeot ,
Retailers ,
Russia ,
Sanction Violations ,
Sharing Economy ,
Strike ,
Tax Evasion ,
U.S. Treasury ,
UAW ,
Unions ,
Voluntary Disclosure
As universally expected, the Fed’s Open Market Committee delivered its third interest rate cut of 2019 yesterday, though it did so while signaling that it’s likely to pause before taking action again and “is now shifting into...more
10/31/2019
/ 1MDB ,
Capital Losses ,
China ,
Climate Change ,
Corporate Restructuring ,
Criminal Prosecution ,
Deutsche Bank ,
E-Cigarettes ,
Enforcement Actions ,
Exxon Mobil ,
Facebook ,
Federal Reserve ,
Fiat ,
Financial Markets ,
Global Warming ,
Goldman Sachs ,
Interest Rate Adjustments ,
Investment Fraud ,
Misleading Impressions ,
Money Laundering ,
Online Advertisements ,
Peugeot ,
Political Advertising ,
Political Campaigns ,
Quarterly Report ,
Regulatory Agenda ,
Social Media ,
Trade Relations ,
Trade Wars ,
Twitter ,
U.S. Treasury ,
US Trade Policies ,
White Collar Crimes
Ride-hailing giant Uber laid off 350 workers on Monday as part of an ongoing effort to pare costs that now represents 1000 jobs cut since July....more
10/15/2019
/ Banks ,
Barclays ,
Boeing ,
Bribery ,
China ,
Citibank ,
Consumer Financial Products ,
Deutsche Bank ,
Earnings Reports ,
Enforcement Actions ,
Financial Crisis ,
Financial Services Industry ,
Fraud ,
Gaming ,
Google ,
Internet Streaming ,
Layoffs ,
Mobile Apps ,
OCC ,
OREO Properties ,
Payday Loans ,
Popular ,
Qatar ,
Regulatory Violations ,
Retailers ,
Saks ,
Serious Fraud Office (SFO) ,
Uber ,
Video Games ,
White Collar Crimes
A recent report showing slowing US manufacturing activity and a sliding 10-year Treasury note yield is only making Chair Powell’s balancing act that much tougher....more
8/26/2019
/ Deutsche Bank ,
Economic Downturn ,
Enforcement Actions ,
Federal Reserve ,
Foreign Corrupt Practices Act (FCPA) ,
Hasbro ,
Hewlett-Packard ,
Hiring & Firing ,
Manufacturers ,
Overstock.com ,
Regulatory Violations ,
Relatives of Public Officials ,
Resignation ,
Robocalling ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Telecommunications ,
Treasury Markets
The announcement itself isn’t a shock, but given the potential players, it’s headline-worthy anyway: the DOJ announced yesterday that it’s officially opening an antitrust probe into Big Tech companies and “whether they had...more
7/24/2019
/ Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Provisions ,
Antitrust Violations ,
Banks ,
Big Tech ,
Bonds ,
China ,
DaimlerChrysler ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Financial Transactions ,
Initial Public Offering (IPO) ,
Interest Rates ,
Living Will ,
Money Laundering ,
Sharing Economy ,
Snapchat ,
Sprint ,
T-Mobile ,
Tariffs ,
Telecommunications ,
Trade Relations ,
US Trade Policies
The big takeaway from Day 1 of Fed Chair Powell’s Congressional testimony is that a July rate cut is still definitely on the table, despite last week’s strong US jobs numbers. As the Times puts it, “That the Fed is...more
7/11/2019
/ 1MDB ,
Anti-Money Laundering ,
Bitcoin ,
Capital Raising ,
Corruption ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Digital Currency ,
Facebook ,
Federal Reserve ,
Financial Markets ,
France ,
Goldman Sachs ,
Huawei ,
Illegal Tipping ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Interest Rate Adjustments ,
Regulation A ,
S&P ,
Securities and Exchange Commission (SEC) ,
Sexual Assault ,
Supply Chain ,
Tariffs ,
Telecommunications ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UNESCO ,
Unfair Trade Practices Act ,
White Collar Crimes
Lots more details on what turned out to be something of a bloodbath for Deutsche Bank employees around the world, with the bank starting to make good yesterday on its plans to cut nearly 18,000 employees worldwide – NYTimes...more
7/9/2019
/ Acquisitions ,
China ,
Congressional Investigations & Hearings ,
Cryptocurrency ,
Debt ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Enforcement Actions ,
Facebook ,
Federal Reserve ,
Global Economy ,
Innovative Technology ,
Investment Funds ,
Layoffs ,
Securities and Exchange Commission (SEC) ,
Software ,
UK ,
Volkswagen
We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the...more