Private Equity Tycoon Becomes Mired in Probe Over Korea Buyout

Michael ByungJu Kim, one of Asia's most prominent private equity tycoons, built his MBK Partners Ltd. into a regional powerhouse with marquee deals and tens of billions in assets under management.
Now, a controversial bet on Homeplus, once the nation's second-largest supermarket chain, has returned to haunt him.

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Yahoo

an hour ago

• Yahoo

Trip.com Group (NASDAQ:TCOM) pulls back 6.9% this week, but still delivers shareholders strong 33% CAGR over 3 years

It hasn't been the best quarter for Group Limited (NASDAQ:TCOM) shareholders, since the share price has fallen 13% in that time. But that doesn't change the fact that the returns over the last three years have been very strong. In fact, the share price is up a full 136% compared to three years ago. To some, the recent share price pullback wouldn't be surprising after such a good run. Only time will tell if there is still too much optimism currently reflected in the share price. Although Group has shed US$2.7b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During three years of share price growth, Group moved from a loss to profitability. Given the importance of this milestone, it's not overly surprising that the share price has increased strongly. You can see below how EPS has changed over time (discover the exact values by clicking on the image). It is of course excellent to see how Group has grown profits over the years, but the future is more important for shareholders. If you are thinking of buying or selling Group stock, you should check out this FREE detailed report on its balance sheet. It's nice to see that Group shareholders have received a total shareholder return of 16% over the last year. That's including the dividend. Having said that, the five-year TSR of 17% a year, is even better. Is Group cheap compared to other companies? These 3 valuation measures might help you decide. But note: Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Forbes

an hour ago

• Forbes

Americans Will Put Money In Amazon And Walmart Stablecoins

HONG KONG, CHINA: An advertisement featuring Donald Trump with Solana, XRP, USDC Bitcoin in Hong ... More Kong. (Photo by May James/SOPA Images/LightRocket via Getty Images) OBSERVATIONS FROM THE FINTECH SNARK TANK Stablecoins were once a crypto curiosity. With the passing of the GENIUS Act, they're now a legitimate threat—or opportunity—depending on your perspective. The Act lays the groundwork for a new regulatory regime around these digital assets. JPMorgan Chase has already filed a trademark for a digital deposit token, signaling its intent to create a bank-issued stablecoin product. For other banks, the Act raises urgent questions: 1) Should it support the regulation? 2) How will stablecoins impact deposits, operations, and financial risk? and 3) Should the bank issue its own stablecoin? The GENIUS Act at a Glance The GENIUS Act aims to bring regulatory clarity to stablecoins by establishing licensing requirements, setting capital and liquidity standards, and placing supervision under the Federal Reserve and other regulators. Key provisions include: Amazon and Walmart Stablecoins: Threat to Bank Deposits? Stablecoins could divert significant transaction volume—and core deposits—away from banks as retailers, fintechs, and Big Techs issue branded stablecoins that lead consumers to move cash into stablecoins for convenience, rewards, or programmability. In this scenario, stablecoins become functional equivalents of bank deposits—but without the FDIC insurance, relationship ties, or regulatory protections banks provide. This risk isn't theoretical: Deposit displacement has been happening for years. A new study from Cornerstone Advisors found that $2.15 trillion has already left banks for fintech investment accounts--65% of which has come from Gen Xers and Baby Boomers. This is on top of the estimated $10 billion that Americans have sitting in merchant mobile apps like Starbucks' in any given week. JPMorgan's Stablecoin Response: JPMD Deposit Token JPMD is initially designed for institutional clients and will be issued on Coinbase's Base blockchain, targeting on‑chain settlements and cross-border B2B transfers. Kinexys, JPMorgan's blockchain arm, markets the stablecoin as a 'deposit token'—a fully insured, interest‑bearing digital representation of bank deposits—making it easy to reconcile with existing banking operations. Unlike other stablecoins backed by Treasuries, JPMD is a tokenized claim on JPMorgan deposits, integrating deposit insurance and liquidity. Launched just as the GENIUS Act passed the Senate, JPMD highlights JPMorgan's positioning under the new stablecoin framework: 1) 100% reserve backing; 2) monthly disclosures; and 3) regulated issuance. By issuing tokenized bank money instead of a traditional stablecoin, JPMorgan safeguards its deposit base, ensuring it remains on‑balance‑sheet and insured. The deposit token effectively blends digital currency innovation with traditional banking strength: insured, interest-bearing, and blockchain-enabled. Cons of the GENIUS Act for Banks JPMD positions JPMorgan for future growth in digital settlements and institutional digital asset operations. Other banks are watching closely because JPMD may soon set the standard for what a 'bank-issued stablecoin' really looks like. For the rest of the industry, there are pros and cons to the new regulations. The downsides: Pros of the GENIUS Act for Banks There are positives, however, from a bank perspective: And as payments expert Tom Noyes writes: 'The idea that stablecoins are inherently cost disruptive needs a reality check. Most regulators will likely view a bank's role in stablecoin issuance and transmission through a lens similar to that of real-time payments. Anyone claiming that stablecoins will operate at a significantly lower cost fundamentally misunderstands the operational and regulatory realities of banking.' Stablecoins' Operational and Risk Considerations The decision on what banks should do about stablecoins can't be made without assessing various types of risk the cryptocurrency introduces include: How Banks Should React to the GENIUS Act Whether or not a bank chooses to issue its own stablecoin, the adoption of tokenized money is inevitable. The question is no longer if stablecoins will affect deposit bases--it's how much and who controls them. Here's how banks can prepare: Banks must weigh the trade-offs: the opportunity to innovate versus the risk of disintermediation. The cost of inaction may not be reputational—it may be financial erosion as tech-native alternatives capture consumer funds. For banks who act, the GENIUS Act, and Amazon and Walmart stablecoins, aren't threats--they're a blueprint.

Yahoo

an hour ago

• Yahoo

Air India cuts less than 5% of narrowbody jet routes, suspends two international flights

NEW DELHI (Reuters) -Air India said on Sunday it is temporarily reducing less than 5% of its narrowbody jet routes for "operational stability", its second such reduction following a plane crash earlier this month that killed all but one of the 242 people on board. The airline, reeling from the deadliest crash in decades, said in a post on X that the cuts will strengthen its network-wide operational stability. Two daily flights from India to Singapore will be suspended along with disruptions on 19 domestic routes until July 15, it said. On June 18, the airline cut international operations on its widebody aircraft by 15%, citing ongoing safety inspections and operational disruptions.