AT&T has dropped plans to sell the Mate 10—the newest smartphone from China’s Huawei Technologies—just before the partnership was to be announced. AT&T gave no reasons for its abrupt reversal, but lawmakers have recently raised concerns with the FCC about Huawei due to the company’s perceived ties to the Chinese government and its role in state espionage – NYTimes and Reuters
The country’s biggest banks are calling for government assistance in overhauling US anti-money-laundering laws, with many focusing on the creation of a national FinCEN database of corporations and their true owners – WSJ and Law360
Filed under the “why let the youngsters have all the fun?”—Kodak, presumably hoping to capitalize on the recent ICO craze, has announced that it will issue its very own virtual currency – WSJ and Bloomberg and MarketWatch and NYTimes
And, on cue, FINRA announced this week that broker-dealers’ handling of ICOs and cryptocurrency transactions will both be the subject of increased focus in 2018 – Law360
A bipartisan pair of Senators is urging authorities to investigate whether Intel’s CEO violated insider-trading rules last fall when he sold more than $20 million in company shares before the company disclosed to the public that its processors were vulnerable to hackers – Bloomberg
Outspoken Bitcoin critic Jamie Dimon isn’t exactly eating crow. But he is backing away from earlier comments in which he called the cryptocurrency a fraud, and he went so far as to acknowledge that “blockchain”—the technology undergirding bitcoin trading—“is real” – WSJ and Bloomberg
Domino’s CEO J. Patrick Doyle will be delivering himself into retirement in June after 8 years in the top spot of the pizza company – WSJ
BBG’s sounding the alarm bells for a bond bear market as a Treasurys sell-off helped push 10-yer yields toward 2.5%. [For the record, BBG’s made this call—wrongly—before . . .] – MarketWatch and Bloomberg
The CFPB, in a California federal court filing on Monday, took umbrage at mortgage payment company Nationwide Biweekly Administration’s motion challenging the $8 million final judgment against it after a bench trial in which the court determined that it had violated the Consumer Financial Protection Act and the Telemarketing Sales Rule – Law360
It’s not technically the equivalent of hell freezing over, but the 15 inches of snow in the Saharan desert this week surely merits special notice – NYTimes