Softbank Reports Staggering $27.5 Billion Loss

Fourth EstateSoftbank Sign - MIKI Yoshihito

Investment giant Softbank announced that its Vision Funds unit lost 3.5 trillion yen ($27.5 billion) in the fiscal year that ended in March. SoftBank’s Vision Fund, which invests in high-growth firms was founded by Masayoshi Son in 2017 as a …

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Ex-Goldman Head to Testify Against Former Subordinate in 1MDB Trial

Goldman Sachs Group’s former Southeast Asia chairman, Tim Leissner, will testify against his former colleague in a trial over the multibillion-dollar looting of a Malaysian state investment fund. Roger Ng, Goldman’s former head of investment banking in Malaysia, is the …

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SoftBank Invests $3 Billion for Latin America Tech Companies

SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …

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Investment Firm Vanguard to Pay Vaccinated Employees $1,000

Investment firm Vanguard Group Inc. is offering a $1,000 incentive to their US-based employees who get vaccinated by October. Bloomberg reported on Wednesday that the offer will apply to staff who got vaccinated before the incentive was extended as well …

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Hong Kong Fines Goldman Sachs $350 Million over 1Malaysia Development Berhad Bribery Scandal

Hong Kong’s financial watchdog fined the Asian unit of Goldman Sachs Group Inc. $350 million for its involvement in the state fund 1Malaysia Development Berhad bribery scandal, the regulator said on Thursday.

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Berkshire Hathaway to Pay $4.14 Million Settlement for Alleged Iran Sanctions Violations

Berkshire Hathaway agreed to pay $4.14 million as settlement for the 144 shipments of its foreign subsidiary that allegedly violated Iran sanctions, the United States Treasury Department said in a statement last October 20.

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