Rakuten Offloads 15% Stake in Mizuho Credit Card Arm for Over $1 Billion

Rakuten Offloads 15% Stake in Mizuho Credit Card Arm for Over $1 Billion
1 month ago

In a strategic move to enhance its financial standing, Rakuten Inc., one of Japan's leading e-commerce giants, has successfully divested a 15% stake in its credit card subsidiary, a partnership with Mizuho Financial Group. This transaction, which has been valued at over $1 billion, signifies a substantial shift in Rakuten’s financial strategy as the company navigates through competitive pressures and seeks to bolster its capital reserves.

Continue reading
Goldman Sachs and Apple Agree to $89 Million Settlement Over CFPB Investigation

Goldman Sachs and Apple Agree to $89 Million Settlement Over CFPB Investigation
2 months ago

In a significant development within the financial sector, Goldman Sachs and Apple Inc. have reached an agreement to pay $89 million as part of an investigation initiated by the Consumer Financial Protection Bureau (CFPB). The inquiry primarily focused on allegations surrounding the practices of the Apple Card, a credit card issued by Goldman Sachs in collaboration with the tech giant.

Continue reading