US regulators have given passing grades to the living wills for all 8 major US banks, a reversal from the April 2016 determination that 5 of the 8 had deficiencies in their bailout-prevention plans – WSJ and Law360
Meanwhile, across the pond, European regulators delivered a rebuke to Uber by finding that it should be regulated as a transport company in a non-appealable decision that sets a major precedent for the gig economy writ large – Bloomberg and NYTimes and WSJ
Please enjoy the obligatory mirror-image-twin-shot for this article on how the Winklevii amassed a bitcoin fortune in excess of $1.6 billion dollars – NYTimes
Breakingviews on the pervasive and unsolved problem of far too few women in American business C-suites, a reality that makes the recent “tsunami of harassment exposés” even “more egregious” – NYTimes
The Journal reports that the recent surge in health-care-related mergers involves a common theme of increasing the speed with which Americans are being pushed to seek medical care away from hospitals and towards “clinics, doctor’s offices, surgery centers and even drugstores” – WSJ
Ex-Barclays trader Jay Merchant will repay nearly $370k in illegal profits as part of his conviction for Libor rigging. Merchant led the dollar swaps desk for Barclays in New York and was found to bear the “greatest responsibility” for the conspiracy – Law360
The resurrected Ex-Im Bank remains officially leaderless after the Senate Banking Committee rejected the White House’s nomination of Scott Garrett—a former lawmaker who favored the shuttering of the government’s export credit agency while in Congress—to helm the Bank – NYTimes and Law360
CSX has named Jim Foote as its new acting CEO. Foote is a lawyer with extensive marketing experience and a laundry list of challenges ahead of him – WSJ
The Journal cites the dramatic fall from grace of Steinhoff International as an example of why banks should take caution when “lending to the wealthy against equity holdings”—a business that “had been booming due to the long, low-volatility stock rally and the loans’ light capital requirements” – WSJ and Bloomberg
Fintech’s next target: the money transfer industry – WSJ
Fallon did his best the other night, but there’s really only one place for Darlene Love this time of year: with Dave, Post-Lone Ranger story and Late Night QB challenge – LateShow
As promised, it’s time again for our winter hiatus here at the Daily Dose. Have a wonderful holiday season, and we’ll see you back here bright and early on January 8th.
