MYCPE ONE Insights | February Week 1 Edition
Welcome to the February Week 1 Edition of MYCPE ONE Insights! This week, we cover Trump’s renewed push to close the carried-interest loophole, Forever 21’s bankruptcy struggles, and Lloyds’ £1 billion tax setback. Plus, key economic shifts—from Binance’s legal troubles to HSBC’s Western market exit—and Trump and Musk’s bold move to shut down USAID.
Stay ahead—click the links to dive deeper into this week’s top stories.
Trump’s Carried Interest Crusade against Private Equity
Donald Trump is reviving his push to eliminate the carried-interest tax loophole, putting private equity and hedge funds in the spotlight ahead of the 2024 elections. While critics call it a long-overdue reform, industry leaders warn it could disrupt mid-market investments. With tariffs, interest rates, and economic policy in flux, private equity faces a high-stakes test—reform or political leverage?
Forever 21 Struggles to Stay Afloat
Forever 21 is once again on the brink of bankruptcy, struggling against online disruptors and past missteps. Once a mall staple, the brand failed to evolve with digital trends, while rivals like Shein soared. Now, with mounting debt and uncertain strategies, its future hangs in the balance. Can it pull off another revival, or is this the final curtain call?
Why Is Lloyds Facing a £1 Billion Tax Bill After Tribunal Defeat?
Lloyds Banking Group faces a hefty £1 billion tax bill after losing a tribunal battle with HMRC over tax relief claims tied to its Irish operations. The bank hoped to offset billions in losses from its 2008 HBOS acquisition, but tax authorities ruled otherwise. With an appeal in the works and mounting legal troubles, Lloyds and the wider banking sector could be in for a turbulent ride.
The News Brew of Jan 2025
From regulatory crackdowns to corporate strategy shifts, January set the tone for a transformative year. Binance faces mounting legal trouble, Deloitte bets big on cloud automation, and Lloyds grapples with a £1 billion tax hit. Meanwhile, Japan’s policy shifts, Trump’s tariff plan, and HSBC’s retreat from Western banking hint at major economic realignments. Stay ahead of these pivotal moves shaping 2025.
Can Trump and Musk Shut Down USAID Without Congress?
Elon Musk, heading the new Department of Government Efficiency (DOGE), is pushing to shut down USAID, calling it wasteful and ineffective. With Treasury payments frozen and contractors in limbo, critics warn of economic fallout and weakened U.S. influence. Is this a bold reform or a reckless gamble?
Keep learning, stay informed, and we’ll see you next Friday for more insights!
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