We learned yesterday that Twitter’s shopping itself around for a buyer. It’s facing one big complication, though—the sizeable amount of stock Twitter has doled out to its employees over the years. Last year, for example, Twitter dished out more than $680 million in stock-based compensation, while its adjusted EBITDA was less than $560 million – NYTimes
Disney will have to keep that in mind as it considers a bid for Jack Dorsey’s baby – WSJ and Bloomberg
The Labor Department’s announced that it’s opening a probe into Wells Fargo labor practices – WSJ and Law360
Dealbook’s White Collar Watch sketches out for us the SEC’s “new strategy” to the prosecution of Leon Cooperman and Omega Advisors’ insider trading case – NYTimes
The DOJ is reportedly investigating Standard Chartered PLC over “allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts” – WSJ
A group of financial institutions has banded together to form an interbank group known as the Global Payments Steering Group to “conduct payments based on blockchain technology” – Law360 and WSJ
Deutsche Bank officials are denying reports accusing the banking giant of asking Germany to provide it with aid to help it face the DOJ’s $14 billion settlement offer—a figure more than $8 billion above DB’s alleged legal reserves – NYTimes
The 2d Circuit has kicked an antitrust judgment against American Express over its program of “barring merchants from steering customers to cards with lower fees” – WSJ and Law360 and NYTimes
Faced with fleeing clients after steep losses, hedge fund manager Richard C. Perry announced that Perry Capital is shutting down its flagship fund, a former $15 billion venture that’s shrunk to $6.6 billion by late 2015 – NYTimes and WSJ and Bloomberg
Lands’ End CEO Frederica Marchionni is out after just 2 years at the Dodgeville, WI-based clothing company—a major concern for me, as a guy who’s been dressing like an old man for quite some time—where her efforts to modernize the retailer have fallen flat (along with recent sales and income) – WSJ
Facebook’s Sheryl Sandberg updates her Lean In take with a warning about the workplace’s push back – WSJ