Travis is still kicking around at Uber, and he made that quite clear late last week by using his “outsize voting rights” to name two directors to the 8-member board ahead of a vote to reduce Kalanick’s voting power at the company – NYTimes and WSJ
Equifax’s top legal officer, John J. Kelley, finds himself in the middle of a maelstrom of bad news given his position at the center of the post-breach executive stock sales and the company’s response to the massive cyberbreach – WSJ
Former Life Time Fitness exec Shane Fleming and 8 others are facing insider-trading charges in federal court in Chicago over trades they made ahead of a PE buyout of Life Time in March 2015 – Law360
So we jumped the gun by about a week. Turns out it was this past Friday when federal regulators voted to remove AIG’s SIFI label—a huge move for one of the biggest players in the 2008 financial crisis – NYTimes and WSJ and Law360
The Fed has fined HSBC more than $175 million over its lax Forex oversight practices. The fine comes as HSBC’s former head of Forex spot trading faces trial in NY federal court over insider-trading allegations – Law360
On the consumer side last week, Deutsche Bank agreed to pay $190 million to resolve allegations that it helped rig Forex. The settlement brings the total class-action claim-related settlement amount to over $2.3 billion for Scott + Scott and its crew – Law360
Even as China has clamped down on the booming cryptocurrency market, its neighbors in Asia are stepping up their interest – NYTimes
Ocwen Financial Corp has reached a settlement with 10 states over its servicing and lending practices. The terms of the deal include a 7-month “pause on acquiring new residential mortgage servicing rights” – Law360
Really enjoying this exploration of the un-ironic return of ornamentation in architecture—a distinct departure after years of spartan modernism—that’s on display at Nike’s new building in SoHo – NYTimes