Yazılar

SoftBank Takes Capital One Stake While Cutting Taiwan Semiconductor Holdings

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SoftBank Group disclosed a new investment in Capital One while sharply reducing its exposure to Taiwan Semiconductor Manufacturing Company (TSMC) during the second quarter, according to a filing with the U.S. Securities and Exchange Commission.

As of June 30, SoftBank held 276,811 Capital One shares, valued at approximately $55.5 million. The investment marks a new position for the Japanese technology and investment group.

SoftBank also added a smaller stake in Life360, acquiring 10,718 shares valued at around $488,500 at the end of the quarter.

At the same time, the company sold about 1.4 million TSMC shares, representing roughly 71.5% of its previous holding, for approximately $269.8 million.

The portfolio shift comes as large institutional investors continue repositioning around changing valuations in technology, semiconductors and financial services. SoftBank remains heavily exposed to AI and technology investments, making its reduction in TSMC particularly notable amid strong global demand for advanced chips.

Quarterly 13-F filings provide only a snapshot of certain U.S.-listed holdings at the end of a reporting period and do not show subsequent transactions or an investor’s complete portfolio.

Capital One settles lawsuit with social media creators over shopping extension

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Capital One (COF.N) has reached a settlement with social media creators who accused its Capital One Shopping browser extension of diverting affiliate marketing commissions. The settlement notice was filed Thursday in federal court in Alexandria, Virginia, with preliminary approval expected by November 17.

The lawsuit centered on claims that the extension, which helps millions of users find online discounts, wrongly appeared at checkout as if shoppers had clicked Capital One’s referral links. Creators—including bloggers, influencers, YouTubers, and others—said this allowed the bank to collect millions in commissions that should have gone to them.

Capital One, the sixth-largest U.S. commercial bank, did not admit wrongdoing. In a statement, the company said evidence showed the extension “recognizes and follows industry rules and is aligned with its advertising partners,” adding that consumers will not see changes as a result of the settlement.

In June, U.S. District Judge Anthony Trenga refused to dismiss the case, finding it plausible that Capital One intentionally overrode tracking codes like cookies that documented when shoppers had engaged with creators’ content. Capital One has maintained that its extension does not unlawfully replace cookies or take credit for commissions.

The bank acquired the tool when it bought online shopping startup Wikibuy in 2018. Other companies, including Microsoft (MSFT.O) and PayPal (PYPL.O), have faced similar lawsuits over their shopping extensions.

The case is In re Capital One Financial Corp, Affiliate Marketing Litigation, U.S. District Court, Eastern District of Virginia, No. 25-00023.

New York Sues Zelle Over $1 Billion in Consumer Fraud Losses

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New York Attorney General Letitia James filed a lawsuit against Zelle, claiming the electronic payment platform’s failure to adopt key security measures allowed fraudsters to steal more than $1 billion from consumers. The case was filed in Manhattan state court following the U.S. Consumer Financial Protection Bureau’s decision in March to drop a similar case.

James alleged that Zelle’s parent, Early Warning Services, owned by seven major U.S. banks, knew about the platform’s vulnerabilities for years but resisted implementing safeguards. She said fraudsters exploited the platform through scams such as fake utility bills, nonexistent goods, and impersonating banks, leaving victims without support even after money was stolen.

Zelle responded that fraud occurs when users are tricked into sending money and that over 99.95% of transactions are completed without reported fraud. The company called the lawsuit a “political stunt” and warned that holding it liable could raise consumer fees.

The lawsuit seeks stronger anti-fraud protections and restitution for affected New Yorkers. Previous actions by James include suits against Capital One and settlements with MoneyGram over similar consumer protections issues.