NAFTA? Try “Nah ta” that, if some in the White House have their way – NYTimes and WSJ and Bloomberg [The key phrase there being some – NYTimes and WSJ and Bloomberg]
Wells Fargo’s Board Chair, Stephen Sanger, did survive his reelection vote the other day. Barely. But Breakingviews thinks he should think awfully hard about his future as a Director at the bank – NYTimes
More on the private “family offices” that the Journal introduced us to earlier this year, including a look at how some fund managers’ side investments in these ventures are creating major conflict-of-interest concerns – WSJ
On the surface, Wells Fargo and JPMorgan are largely steering clear of the subprime auto loan business. But when it comes to underwriting securities chockablock full of those loans—well, that’s another story – Bloomberg
As expected, new FCC chair Ajit Pai outlined a “sweeping plan” yesterday that would loosen government regulation of internet providers, stop treating high-speed internet service like a public utility, and effectively kill net neutrality – NYTimes and Marketplace
We’ll say this for P&G’s CFO Jon Moeller: he was on message (though “irresistible superiority” is a tough message to sell on an earnings call detailing a slide in earnings and sales as compared to a year ago) – WSJ
State bank regulators—unhappy with the OCC’s plan to issue special charters to Fintech firms—are suing to block the move, arguing that the OCC lacks the authority to issue such charters – Law360 and WSJ
Meanwhile, Ocwen’s challenging the constitutionality of the CFPB in an effort to sideline the agency’s suit against the servicing giant in Florida federal court – Law360
Still in the midst of a major overhaul, Tidjane Thiam’s Credit Suisse announced this week that it would shift its business model away from “riskier, capital-intensive trading and banking” and would skip a planned spinoff and instead raise $4 billion through a share sale – NYTimes and WSJ
The Federal Reserve is reportedly working on a plan to overhaul its supervision of the nation’s largest and most complex banks in an effort to streamline operations and “reduce overlapping areas of responsibility” – WSJ
Here’s an interesting argument that the chaos and disorder of the world today is a contributing factor to the increasing importance of food (or the business of food, at least) is playing in our lives – Bloomberg