Your Daily Dose of Financial News

Robins Kaplan LLP
Contact

Somehow, despite months of high-profile sideshows, the business of Uber must go on, and right now that means a tough call for the board.  It’s currently considering three investment offers, including one from SoftBank, to buy Uber stock from current shareholders – NYTimes

Meanwhile, the Kalanick-related Benchmark drama continues – NYTimes

So what, exactly, might Big Brother look like in the Facebook realm?  Well, quite a bit like Onavo, actually. And dystopian future aside, there are very real business consequences at stake for Zuck’s rivals – WSJ

Fair Game weighs in on what Gretchen Morgenson is calling the Fed’s plans to lighten the regulatory load for big-bank directors—the result of a multiyear review that concluded that “excessive regulatory duties are hobbling bank boards and distracting directors from the more important work of guiding bank strategy and adopting effective governance.” Ms. Morgenson disagrees with the Fed’s conclusion – NYTimes

And the Fed, by the way, isn’t alone in its deregulatory shift – WSJ

All of which creates an interesting future for our Daily Dose Word of the Day: “regtech”—the technology banks have developed (and invested in) over the past few years aimed at making it easier for them to comply with regs from AML requirements to the Volcker Rule – Law360

SDNY’s Judge Jed Rakoff has fast-tracked a $360 million bank-fraud case focused on Transmar Commodity Group CEO Peter Johnson, his son, and another former Transmar exec – Law360

Netflix will see Disney’s new streaming service and raise it Shondaland – NYTimes and WSJ

It was yet another monster weekend for bitcoin, with the cryptocurrency’s value pushing past $4000 for the first time – MarketWatch and Bloomberg

The Times gives us a pretty damning look at Eddie Lampert’s time at Sears – NYTimes

I can’t imagine that the “almost edible” part of this story is helping with the standard holiday fruitcake stereotype – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robins Kaplan LLP | Attorney Advertising

Written by:

Robins Kaplan LLP
Contact
more
less

Robins Kaplan LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide