SoftBank eyes WeWork rescue valuation below $8 billion

Business / Corporate Oct 19, 2019

SoftBank eyes WeWork rescue valuation below $8 billion

SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions. The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January. ...

JPMorgan's Japan head of equity research resigns

Business / Corporate Apr 21, 2015

JPMorgan's Japan head of equity research resigns

Jesper Koll is leaving JPMorgan Chase & Co. after running the firm's equity-research team in Tokyo for more than five years. Koll resigned at the end of March to pursue a "new career opportunity," he wrote in an internal memo obtained by Bloomberg, without giving ...

World / Crime & Legal Aug 22, 2014

JPMorgan customers targeted in email phishing campaign

Fraudsters are targeting JPMorgan Chase & Co customers in an email phishing campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus for stealing passwords from other institutions. The campaign, dubbed "Smash and Grab," was ...

Business / Corporate Sep 17, 2013

'London Whale' to cost JPMorgan $750 million

Authorities in the United States and Britain are set to hand down roughly $750 million in fines against JPMorgan Chase over the bank's disastrous "London Whale" trading losses last year, according to people familiar with the negotiations. The settlements could be announced as soon as ...