Italy’s struggling lender Monte Dei Paschi is cutting jobs and closing branches in an effort to revive the world’s oldest bank (and maybe save Siena in the process) – NYTimes and WSJ

Turns out that when your burritos get tough to swallow, your profits end up the same way. Whoa – WSJ

For AT&T and Time Warner, the future’s in the competing hands of a mess of lobbyists and a bunch of politicians [and the regulators they appointed] – NYTimes

The US IPO market is due for a rally.  And it might just be picking up – WSJ

We’re learning more about the shakeup at Tata.  Looks like an $18 billion write-down didn’t help the ex-CEO’s case much – Bloomberg

Your weekly RMBS litigation roundup, including the latest on Morgan Stanley [Law360], Wells Fargo [Law360], and Credit Suisse – Law360

So . . . turkeys for Christmas this year at DB? – Bloomberg

What do Uber’s Otto (the self-driving truck) and Smokey and the Bandit have in common?  [Hint—it’s not Burt Reynolds.]  Find out here – NYTimes and Bloomberg

I’ve been warning you about the rise of the machines.  The Pentagon has been ignoring me. Be ready – NYTimes