Tag Archives: Exxon

Your Daily Dose of Financial News

BY: Michael D. Reif | June 30, 2017

Here’s the other shoe for that news that all the big banks passed their Fed stress tests the other day: are the “bad old days of enormous leverage and freewheeling deals” and the risk inherent in them back, too? – NYTimes and Law360 Another side-effect of the stress-test results came in the form of Warren … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 5, 2017

We covered the move by Exxon shareholders to push the company for greater climate-change accounting last week.  Now we’re learning that the NY AG believes that Exxon’s been “misleading” its shareholders about the impact that climate change will have on its business in its public filings – NYTimes The Journal breaks down last Friday’s jobs … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 1, 2017

Even as the administration is mulling over withdrawing from the Paris Climate Accord, Exxon Mobil’s shareholders have voted to demand a more detailed accounting of the climate change policy risks facing the company—an analysis the energy giant has resisted in years past – NYTimes Another executive departure (this time, the finance chief). A quarterly loss … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 31, 2016

The latest on the AT&T/Time Warner deal, including its place in the “ambitious climb” of AT&T’s CEO, Randall Stephenson [NYTimes] and a conversation with one of the deal’s vocal political opponents, Sen. Al Franken – NYTimes The Fed’s not expected to raise interest rates when it meets this week, but recent inflation figures may help … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | September 21, 2016

Testifying before the Senate Banking Committee yesterday, Wells Fargo CEO John Stumpf admitted that the illegal sham-account-creation activity at the heart of its recent SEC fine may have begun earlier than first reported – NYTimes and WSJ The WF episode has also exposed gaps in the US regulatory teamwork—as best exemplified by the DOJ’s uber-late … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | September 16, 2016

The DOJ has reportedly proposed an eye-popping $14 billion settlement with Deutsche Bank to resolve MBS-related probes, though insiders caution that this is likely an outsized opening bid and that the ultimate settlement will likely be much lower – WSJ and Bloomberg Never good to be the “Lehman Brothers” of much of anything financially related, … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | November 6, 2015

A federal jury in Manhattan yesterday deliberated for over 8 hours before returning a guilty verdict on conspiracy and wire fraud charges against former Rabobank personnel Anthony Allen and Anthony Conti for their role in rigging Libor. The duo will be sentenced in March and face significant prison time – Law360 and NYTimes and WSJ … Continue reading