Your Daily Dose of Financial News

Robins Kaplan LLP

As we’ve been expecting, the DOJ announced yesterday that it was suing to block AT&T’s $84.5 billion bid for Time Warner over antitrust concerns – NYTimes and WSJ and Bloomberg and Law360

Here’s what a broken deal could mean for Time Warner CEO Jeff Bewkes [hint: new buyers?] – WSJ

After being passed over for a second term, current Fed Chair Janet Yellen revealed on Monday that she’ll leave the Federal Reserve this February – NYTimes and Bloomberg and Law360 and Politico

Deutsche Bank, Credit Suisse, and Merrill Lynch are taking another crack at ridding themselves of a 15-year-old lawsuit by Enron Corp. bond buyers who accused the banks for “helping Enron cook its books,” arguing that investor Silvercreek Management “only has itself to blame” – Law360

The Journal is suggesting that the rise of the tech behemoths—the Frightful Five most prominent among them—has helped fuel an “explosion of mergers and acquisitions” as companies in a broad range of industries look to fend of the tech upstarts – WSJ

Paris has won the lottery to succeed London’s Canary Wharf as the home of the European Banking Authority in yet another tangible sign of Brexit-driven changes – Law360

We’ve seen a recent spate of changes and challenges to the Dodd-Frank-era SIFI rules. First, for community banks and credit unions and then for nonbanks. Now Salt Lake City-based Zions Bancorp has decided to get in on the fun by suggesting that it’s underserving of the SIFI label as well – WSJ

Marketplace gives us this fascinating (and scary) look at “immigrant lending clubs”—an essential but unregulated piece of the American dream for many entrepreneurial new arrivals who have few other options for access to capital – Marketplace

Uber and Volvo have reached a deal that will see Volvo supplying as many as 24,000 self-driving cars to the ride-hailing company once the technology is “production ready”—likely sometime in 2019 – NYTimes and WSJ

Seems like a good time to get our [complicated] Thanksgiving story right – NYTimes

Speaking of which, enjoy your time with family and friends. We’ll see you back here bright and early on the 27th.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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