Sonali Basak

Stay informed with Sonali Basak’s coverage and analysis for Fortune.

  • Ana Botin, executive chair of Banco Santander SA, during a Bloomberg Television interview in New York, US, on Tuesday, July 15, 2025. Botin differs with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s pessimistic outlook on Europe, saying she sees “only upside” for the Continent. Photographer: Victor J. Blue/Bloomberg via Getty ImagesFinance

    Santander’s Botin disagrees with Dimon as she sees ‘only upside’ for Europe

    By Paige Smith, Jorge Zuloaga, and others
  • Marc Rowan, chief executive officer of Apollo GlobalFinance

    Apollo’s Rowan says trade war has made U.S. ‘merely exceptional’

    By Dawn Lim, Sonali Basak, and others
  • WASHINGTON, DC – MARCH 5: White House Senior Advisor to the President and Tesla and SpaceX CEO Elon Musk departs the U.S. Capitol Building on March 5, 2025 in Washington, DC. Musk was meeting with Republican senators at a closed door lunch. (Photo by Andrew Harnik/Getty Images)Finance

    Elon Musk’s X raises almost $1 billion in new equity funding

    By Bloomberg, Sonali Basak, and others
  • Nassim Nicholas Taleb, author of the book "The Black Swan."Finance

    Black Swan’s Taleb says Nvidia rout is hint of what’s coming

    By Sonali Basak and Bloomberg
  • Barry DillerFinance

    Billionaire donors want Kamala Harris to get rid of the regulators they dislike most

    By Saleha Mohsin, Todd Gillespie, and others
  • Greg Jensen, co-chief investment officer of Bridgewater AssociatesFinance

    Bridgewater starts $2 billion fund that uses machine learning for decision-making and will include models from OpenAI, Anthropic and Perplexity

    By Sonali Basak and Bloomberg
  • Kim KardashianFinance

    Kim Kardashian’s private equity firm just sealed its first deal, to buy ‘the Dom Perignon of hot sauce’

    By Kamaron Leach, Sonali Basak, and others
  • Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks at the IFGS 2023 summit at the Guildhall in London, UK, on Tuesday, April 18, 2023. Innovate Finance’s Global Summit — part of U.K. Fintech Week — runs until Tuesday. Photographer: Carlos Jasso/Bloomberg via Getty ImagesFinance

    Coinbase CEO responds to SEC’s accusations his company operates an illegal crypto exchange: ‘I think we’re gonna be fine going to the court’

    By Yueqi Yang, Sonali Basak, and others
  • Jerome Powell, Gary GenslerFinance

    Hedge funds are exploiting a shadowy trade to cash in on the debt crisis and the SEC and Fed are questioning prime brokers, sources say

    By Sonali Basak, Liz Capo McCormick, and others
  • PARIS, FRANCE – JANUARY 24: Marc Lasry attends a press conference before the NBA Paris Game match between Charlotte Hornets and Milwaukee Bucks on January 24, 2020 in Paris, France. (Photo by Aurelien Meunier/Getty Images)Finance

    A billionaire financier selling his stake in the Milwaukee Bucks says that pickleball could offer a higher rate of return than the NBA

    By Amanda Albright, Sonali Basak, and others
  • NEW YORK, NY – MAY 16: Kim Kardashian is seen on May 16, 2023 in New York City. (Photo by Jose Perez/Bauer-Griffin/GC Images)Finance

    Kim Kardashian’s investment firm hopes to raise $1 billion and leverage her ‘demonstrated ability to identify and define culture’

    By Sonali Basak, Todd Gillespie, and others
  • SAN FRANCISCO, CALIFORNIA – MAY 01: People walk by a First Republic Bank office on May 01, 2023 in San Francisco, California. Federal Regulators seized troubled lender First Republic Bank on Monday and sold all of its deposits and most of its assets to JPMorgan Chase. First Republic becomes the second largest bank in U.S. history to fail since Washington Mutual failed in 2008. (Photo by Justin Sullivan/Getty Images)Finance

    Lending mortgages to rich Silicon Valley home buyers was part of First Republic Bank’s DNA—and helped contribute to its collapse

    By Hannah Levitt, Jenny Surane, and others
  • Mark Spitznagel, president and chief investment officer of Universa InvestmentsFinance

    The ‘Black Swan’ fund manager just said that debt is creating the ‘greatest tinderbox-timebomb in financial history’ and could have consequences similar to the Great Depression

    By Sonali Basak and Bloomberg
  • Goldman Sachs CEO David SolomonSuccess

    Goldman Sachs CEO David Solomon just took a major pay cut after a disastrous year—But he’s still walking away with $25 million

    By Sonali Basak, Steve Dickson, and others
  • The Genesis logo on a laptop computer arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022. Reverberations from the collapse of Sam Bankman-Frieds empire continue to spread through financial markets, threatening the future of crypto lenders like BlockFi Inc. and Voyager Digital Ltd. Photographer: Gabby Jones/Bloomberg via Getty ImagesThe Ledger

    Crypto brokerage Genesis said to be warning investors it may declare bankruptcy if it can’t raise at least $1 billion

    By Lydia Beyoud, Sonali Basak, and others