German officials have threatened to propose a law that would allow the country to place fines on social network platforms for failing to remove hate speech. Interior Minister Heiko Maas’ draft of the law would permit fines of up to 50 million Euros ($53 million) if social media platforms fail to remove “obviously criminal” content […]
Bridgewater’s 10-year Transition Plan Leading to Artificial Intelligence Management
Ray Dalio has announced that he is dropping his role as co-CEO of Bridgewater to further his 10-year transition plan to change the leadership structure of the company. Bridgewater Associates, the world’s largest hedge fund, has gone under fire from the media over the last year for sexual harassment claims made by employees and the […]
A New Approach to Financial Regulatory Enforcement
The regulatory enforcement of the financial industry may soon change. As the new administration settles into Washington; reports have suggested the rise of dedicated efforts to change, and potentially reduce, financial regulation by the Securities and Exchange Commission (“SEC”) and the Consumer Financial Protection Bureau. While these efforts have not yet fully materialized, there are […]
Professional Conduct Codes for Bankers?
Two weeks ago, the general counsel of the Federal Reserve Bank of New York issued a statement at the Yale Law School that everyone “should be concerned with culture in financial services.” Such a comment should not be very surprising due to the role that large banks and other financial institutions played during the economic […]
SEC finds U.S. Crowd-Funding Offers New Capital Source
Crowdfunding has become an increasingly popular form of raising capital for small businesses and entrepreneurs. Social Media platforms have come to play a large role in facilitating crowd funding. They also, as a platform for crowd funding, have enabled regulators to foster fair valuations in determining the value of enterprises whose shares are offered for […]
Following a Year of Scandal, Deutsche Bank Looks toward the Future
In early March 2017, Deutsche Bank announced that its latest restructuring will include an 8.5 billion capital raising scheme, a reorganization of its retail business, and a merging of its market business and investment bank. This announcement comes on the heels of a turbulent year for the former investment powerhouse. In December, the bank agreed […]
PSA Group Acquisition of Opel and Vauxhall Brands Faces Economic and Political Challenges
PSA Group, the French manufacturer of Peugeot- and Citroën-brand vehicles, agreed to acquire the Opel and Vauxhall brands from General Motors for $2.3 billion. The deal includes Opel and Vauxhall’s full product lines and production facilities across Europe, as well as Opel’s bank. In acquiring its German rival, PSA propelled itself to the position of […]
Hudson’s Bay and Neiman Marcus in Possible Merger Talks
Neiman Marcus is said to be in merger talks with Hudson’s Bay Company, the Canadian retail giant. If closed, this deal would put the upscale department store under the same company as Sak’s Fifth Ave, OFF 5TH, and Lord & Taylor. Neiman Marcus was founded in 1907, and passed through the hands of various families […]
A Public Policy Perspective on Airbnb’s Legal Battles
Historically, hotel taxes have been easy to pass, but now that the money is shifting to Airbnb, cities have become increasingly concerned about funding. Cities have been fighting Airbnb by imposing licensing restrictions, stricter zoning ordinances, creating maximum allotted stays, and increasing taxes.
Fox News, Harassment Payouts, and Federal Investigators
On July 6, 2016, Gretchen Carlson, former host of an afternoon program on Fox News, filed a lawsuit in the Superior Court of New Jersey. Ms. Carlson described Roger Ailes, chairman of Fox News, as a sexual harasser who ogled her and suggested a sexual relationship in order to advance her career in the network. […]