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Back at it after the Thanksgiving holiday.  Hope everyone had a nice break.  Let’s get caught up . . .

Time Inc. announced yesterday that it’s sold itself as part of a roughly $3 billion all-cash transaction to Meredith Corporation. Meredith, which publishes Family Circle and Better Homes and Gardens, among other glossies, is being backed in the deal by the Koch brothers – NYTimes and WSJ and Bloomberg and Law360

Richard Cordray’s resignation from the CFPB has left a leadership battle at the agency, and two [fundamentally] different officials will attempt to fill the void starting today – WSJ and Law360

The Times goes inside one of the most closely watched competitions on Wall Street—that for the #2 spot at Goldman Sachs, a battle between co-chief operating officers Harvey Schwartz and David Solomon – NYTimes

Last week’s stunning news that Uber experienced (and hid) a security breach exposing 57 million accounts to hackers is likely to affect the company’s valuation and the money it sees from SoftBank.  For those keeping track at home, we’ve seen this before… [think Yahoo & Verizon] – WSJ

We’ve talked a fair amount about China’s shadow banking industry over the past few years here.  Now we can talk about the Chinese government doing something about it—like shutting down a $3 billion underground bank in an effort to shut down the flow of money out of the country – NYTimes

A FCA survey of top bank compliance officers helps paint a picture of the top concerns facing banks these days, with the “complexity of regulatory change” topping a list that also includes cybercrime, money laundering, and insider trading – Law360

Sure, Bitcoin’s up $1,000 in a single day.  Why not? – Bloomberg and MarketWatch

Swiss regulators are accusing Chinese conglomerate HNA Group of supplying false information and failing to disclose important ownership stakes of some of its execs while it was acquiring  Swiss air-travel logistics company Gategroup Holding AG – WSJ

The Fed appears still on track to raise rates a quarter point in its December meeting – NYTimes

Struggling with the return to normalcy after the long weekend?  Or maybe because of the long weekend?  These thoughts on happiness may come in handy – 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.

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