The Deal Professor digs in to the forthcoming Snap IPO and finds that some shareholder voting rights may go the way of Snapchat’s messages [fading away, that is] – NYTimes

The Journal reported yesterday that more than 6,000 Wells Fargo branches were routinely tipped off to inspections by internal risk monitors, a practice that allowed the bank’s sham-account scandal to go undetected for years – WSJ

Breakingviews describes some board-level maneuvering at rental-car-giant Avis to block top-shareholder SRS Investment from gaining more than 10 percent voting power—a move perhaps sparked by the trouble Hertz faced with activist investor Carl Icahn – NYTimes

Loss-plagued RMBS investors have lived to fight another day in their suit against Deutsche Bank, as SDNY Judge Jesse Furman dismissed conflict-of-interest claims but allowed reps & warrants, servicer-notification, event-of-default, and Trust Indenture Act claims to proceed – Law360

Fannie Mae has agreed to back debt (up to $1 billion) from Blackstone Group’s investment in single-family rental homes—a huge move just weeks (or less) before the planned IPO for the venture, Invitation Homes, Inc. – WSJ

Bloomberg warns that a “$90 billion wave” of debt—largely concentrated in maturing commercial mortgages leftover from the 2007 lending boom—is exposing weaknesses in the US real estate market [even as that market doubles down] –Bloomberg

Investment firm Silver Lake hit the jackpot when Alibaba went public a few years ago. It’s hoping for some similar mojo with its big investment in Koubei, an Alibaba affiliate focused on local services – NYTimes

Really got a kick out this feature on the “unexpected stories” behind 10 prominent skyscrapers around the globe that actually managed to get built [including, bonus points for those playing at home, our NY office HQ] – Arch Daily