Coverage: JPMorgan and other banks hacked
After news broke that JPMorgan Chase and several other banks were hit in a cyber attack, many were left wondering what that meant for data security. Here’s a look at the coverage. Bloomberg reported in a story by Jordan Robertson and Michael Riley that the attack was coordinated and may have been done by Russians […]
Coverage: Alternative lending on the rise
It looks like banks have more competition than just each other these days. The Internet is changing the way people loan money and now those with ideas can directly connect to those with money. Writing for The New York Times, Michael J. de la Merced reported on the initial public offering of the Lending Club, […]
Coverage: Yet another tech darling?
Whatever you might think of Snapchat, it’s apparently worth $10 billion to technology investors. The company isn’t going public, but it is getting an influx of cash, making it one of the new tech darlings. The Wall Street Journal story by Evelyn M. Rusli and Douglas MacMillan had these details about the new private equity […]
Coverage: Amazon makes another acquisition
Amazon is moving into the video gaming world. And it’s a move that’s going to cost them nearly $1 billion to capture the attention of gamers. But Amazon is good at sacrificing short-term profits in exchange for long-term gains. The Wall Street Journal story by Douglas MacMillan and Greg Bensinger offered these details about Amazon’s […]
Coverage: Back to dealing
This weekend brought the announcement of a couple of big deals in the works. One that is surely going to get some press is the announcement that Burger King is looking to buy Canada’s Tim Hortons in a deal that would involve a tax inversion. The Wall Street Journal broke the news in a story […]
Coverage: Social giving as a business story
Amyotrophic lateral sclerosis (ALS), which is best known as Lou Gehrig’s disease, is the Internet giving star of the summer. Unless you’re living in a hole, you or your friends have posted videos dumping ice buckets over your heads. The premise, do the challenge or donate, but many are doing both. Writing for The New […]
Coverage: Bank of America to pay $17 billion for mortgages
Bank of America is trying to put its mortgage woes behind it, agreeing to by $17 billion to end a government investigation. The Wall Street Journal story by Christina Rexrode and Devlin Barrett had these details: Bank of America Corp. is set to pay a record settlement of nearly $17 billion over its mortgage lending as […]
Coverage: Uber gets politically savvy
Uber has come under fire from all sides – taxi drivers, regulators and competitors. Now the company has decided to fight back and it’s hired a political heavyweight to help them. The New York Times’ Mike Isaac said the move was a signal Uber was planning to begin its campaign to win over people across […]
Coverage: PwC’s reputation takes a hit
PricewaterhouseCoopers is paying $25 million to settle charges that it failed to report an infraction by a client. While they might not be too worried about the amount, the hit to its banking practice’s reputation is a blow. Here’s the story from The Washington Post by Danielle Douglas: The New York Department of Financial Service […]
Coverage: Looking ahead to Jackson Hole
The world’s central bankers are gathering in Jackson Hole this week and officials from the U.S. Federal Reserve Board will likely face questions about how long they plan to continue keeping interest rates low. The Wall Street Journal by Jon Hilsenrath pointed out that the improving job market might cause the Fed to have to […]
