The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
Category: SOFTBANK Corporation
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JPMorgan Chase Emerges as Buyer for First Republic Bank
The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
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Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
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WeWork Reaches a Debt Restructuring Deal With SoftBank
The New York Times – Business:The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
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WeWork in Talks With Investors to Help Restructure Debt
The New York Times – Business:The co-working giant is close to an agreement with SoftBank and others for new money and to restructure its debt.
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Regulators Put More Pressure on Binance, the Crypto Giant
The New York Times – Business:Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
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Investors Who Put $2 Billion Into FTX Face Scrutiny, Too
The New York Times – Business:Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.
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Regulators Begin Cracking Down on FTX
The New York Times – Business:Authorities worldwide are intensifying their scrutiny of the embattled cryptocurrency exchange, amid concern about improper use of customer money.
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WeWork Will Close About 40 Locations as Losses Narrow
The New York Times – Business:The co-working company said revenue rose more than 20 percent in the most recent quarter, but tempered its forecast for the full year.