Your Daily Dose of Financial News

Robins Kaplan LLP

It’s been far from a smooth ride for Uber over the past few weeks.  And Friday’s revelation that the ride-sharing company’s been using a tool called “Greyball” to mine and use app data to “deceive the authorities in markets where its . . . service was resisted [or banned] by law enforcement” won’t help the cause – NYTimes

On Friday, the Fed gave its strongest indication yet that it’s buying the economic optimism of late and will raise interest rates in March, the first of what Chair Yellen promised would be several hikes this year if things stay according to plan – NYTimes and WSJ

Bloomberg suggests that it’s the rest of the world that likely pushed the Fed over the edge – Bloomberg

General Motors’ plans to sell its Opel unit to Peugeot isn’t as simple as GM ridding itself of a money-losing European operation.  As the Journal points out, it would also likely eliminate “a source of low-cost funding” for GM’s car-lending business.  Why?  It’s all about GM Funding’s access to Opel Bank – WSJ

The latest from John Cryan in his efforts to turn around Deutsche Bank includes plans to raise an additional $8.5 billion in capital, reorganize its German retail business, and combine formerly separate banking sectors – NYTimes and WSJ and Bloomberg

Big win for TCW Asset Management in a NY Appeals court last week, as it flipped the lower court’s refusal to grant TCW’s motion for summary judgment on investors’ claims that it had lied to them about RMBS value – Law360

Aberdeen and Standard Life merger talks suggest that deal-making is alive and well in the UK – WSJ and Bloomberg

We heard last week about the consortium of big businesses looking to go big into blockchain technology to ensure that IBM doesn’t dominate the market.  Here’s a nice piece on the promise behind that tech – NYTimes

Turns out that Romulan ale isn’t just illegal in the Star Trek universe—it’s frowned upon in present-day Spain, as well – NYTimes

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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