Reunited, and it feels so good. Hope you all had an excellent holiday season. Let’s get caught up . . .
The December 22 announcement that Deutsche Bank had settled with the DOJ over long-standing RMBS-related claims and investigations for a reported $7.2 billion prompted this Times long-read that traced the Icarus-like rise and fall of the German superbank over the past decade – NYTimes
Still, it hasn’t turned out that badly for all involved – NYTimes and WSJ and Bloomberg
Credit Suisse reached a deal one day later and $2 billion or so fewer to resolve similar claims – Law360
The SEC has offered guidance on its role in enforcing the new DOL fiduciary rule compliance. Here’s a summary that includes a link to the SEC’s doc – PlanAdviser
The start of a new year feels like a good time to check in with your long-range planning. The Journal has done its part with a feature on the visionaries behind the 401(k), including their general dismay that it’s become the “dominant way most Americans save.” [Never said it was going to be a fun check-in] – WSJ
Disney—continually in search for a way to imagineer its way into its consumers’ hearts, minds, homes (and wallets)—might have found a new path in Netflix. Not only would the streaming video powerhouse mean 87 million subscribers worldwide, but it may [stress MAY] also solve Disney’s CEO succession problem – NYTimes
GE could have a similar approach in mind – NYTimes
Many analysts believe that the Fed’s move on interest rates in December may have been the first in a series of actions that shows that central bankers are “loosening their grip” on markets in the coming year – WSJ
Here are eight other economic issues to watch in the coming year, courtesy of Heard on the Street – WSJ
And here’s what Law360 sees coming down the litigation and legislation pike – Law360 and Law360
Recently released docs accompanying a Senate report on Valeant have offered a rare look at the behind-the-scenes boardroom drama at the troubled drugmaker, with activist Bill Ackman firmly in the middle of it all – NYTimes
It’s not a smoking gun (or asteroid) of sorts to definitively explain their extinction event, but new evidence showing that dino eggs may have taken up to a year to hatch does suggest that dinosaurs had a lot of cards stacked against them when it came to long-term survival – NYTimes