Japanese technology conglomerate SoftBank Group is seeking a loan of up to 40 billion USD to finance its growing investment in artificial intelligence developer OpenAI, according to reports citing people familiar with the negotiations. The planned borrowing would represent the company’s largest dollar-denominated loan to date and reflects a broader strategy by founder and chief executive Masayoshi Son to deepen…
On August 13, 2025, New York Attorney General Letitia James filed a high-profile lawsuit against Early Warning Services (EWS), the operator of the Zelle payments platform. The suit, lodged in a Manhattan state court, alleges that the company’s failure to implement critical security measures enabled criminals to steal more than $1 billion from consumers between 2017 and 2023. The complaint…
U.S. finance chiefs have been paring back cash balances and redeploying funds into higher-yielding securities, marking a sharp reversal from the pandemic era’s cash hoarding. Fresh data show the median corporate allocation to “cash”, a category that includes hard currency, money-market funds, and 90-day Treasury bills, fell to 20% at the end of July, down from 40% in 2021. The…
Wall Street brokerages remain firm in their belief that the Federal Reserve will move to cut interest rates in September, following a weaker-than-expected U.S. employment report for July. The Labor Department revealed that nonfarm payrolls grew by just 73,000 jobs during the month, well short of the roughly 110,000 anticipated by economists. Compounding the disappointment, June’s previously reported job growth…
Glencore has decided to keep its primary listing on the London Stock Exchange after a formal review weighed the pros and cons of shifting to the United States. The commodities giant concluded that a transatlantic move would not deliver clear value for shareholders at this time, so it will remain anchored in London and continue to monitor market conditions. The…
A Strategic Push Into Direct Lending Citigroup has appointed Aashish Dhakad to head North America private credit origination, a role that formalizes the bank’s growing effort to connect its corporate clients with non-bank lenders. The internal memo, seen by Reuters, says Dhakad will join in October 2025 and be based in New York, underscoring Citi’s bid to convert its client…
Profit Beats Forecast As Fees Cushion Market Volatility KKR posted a stronger-than-expected second quarter, with adjusted net income rising 9% to about $1.1 billion, or $1.18 per adjusted share—topping the $1.13 LSEG SmartEstimate. The performance underscored the resilience of the firm’s diversified model amid market unease tied to tariff headlines and choppy risk sentiment. Fee-related earnings (FRE)—a steadier stream built…
