Deutsche Bank announces additional 7K layoffs | US mortgage interest rates highest since 2011 | SEC proposes rules letting broker-dealers publish research
May 25, 2018
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Corporate Spotlight
Deutsche Bank announces additional 7K layoffs
Deutsche Bank has confirmed staff cuts it plans to make by 2019 will total 7,000 more than previously announced. About 25% of its trading and equity sales division will be eliminated, the bank said.
Deutsche Welle (Germany)/Deutsche Presse-Agentur/Reuters (5/24),  The Wall Street Journal (tiered subscription model) (5/24) 
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National News
US mortgage interest rates highest since 2011
The average interest rate on a 30-year fixed-rate mortgage in the US rose from 4.61% to 4.66% last week, the highest figure in seven years. Higher monthly payments resulting from the increase might be dragging down home sales, although economists say tight supply is the main reason.
USA Today (5/24) 
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Financial and Tax Update
SEC proposes rules letting broker-dealers publish research
The Securities and Exchange Commission has voted to propose rules authorizing broker-dealers to make public research on exchange-traded funds, mutual funds and closed-end funds. The proposal would implement a law Congress passed last year.
ThinkAdvisor (free registration) (5/24),  Pensions & Investments (free access for SmartBrief readers) (5/24) 
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Fed likely to retain some power over regional banks
The Federal Reserve is expected to respond to legislation that rolls back aspects of the Dodd-Frank Act by relaxing requirements for regional banks, while keeping power to supervise them through stress tests. Chairman Jerome Powell said he wants to subject regional banks to "meaningful, strong, regular, periodic stress tests."
MLex (subscription required) (5/24) 
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Employment Focus
Feds fall short of target for workers with disabilities
A federal goal of having people with intellectual and other "targeted" disabilities make up 2% of the government workforce has become more distant. The latest report from the Equal Employment Opportunity Commission puts the figure at 1% for 2015, slightly under the 2003 mark of 1.05%.
Disability Scoop (5/22) 
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Supreme Court and Federal Court Watch
Judge: President Trump can't block Twitter users
Judge: President Trump can't block Twitter users
(Scott Olson/Getty Images)
A federal judge has ruled that it's illegal for President Donald Trump to block Twitter users because of their political views. The ruling finds that blocking people for differing viewpoints violates the First Amendment.
The Hill (5/23),  Reuters (5/23) 
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Other Legal News
Calif. AG unsuccessful in appeal regarding assisted-death law
A California appeals court on Wednesday rejected state Attorney General Xavier Becerra's appeal of a decision that struck down a state law giving doctors permission to prescribe life-ending drugs to terminally ill people. The lower court ruled the law should not have been passed during a special session focused on health care spending.
National Public Radio (5/24) 
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Professional and Business Development
Leaders help people consciously define their values
We spend too much time trying to motivate different generations based on what we think they value, writes Susan Fowler. "Instead of trying to 'motivate' millennials based on their programmed values, try a different approach: Help individuals develop conscious and meaningful values," she writes.
SmartBrief/Leadership (5/23) 
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PLI News
Fundamentals of Copyright Law in the Data Era 2018
Hear from copyright law experts on the front lines as they discuss copyright's evergreen basics along with recent case law reflecting the remarkable developments in this dynamic practice. This PLI program, taking place on June 13 in Chicago, June 28 in New York, and July 9 in San Francisco and via Live Webcast, will feature a new segment that will address digital content streaming, including cross-border streaming, contributory liability, and more.
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USPTO Withdraws CAFC Brief, Actively Considering PTAB Practice
Is the Patent Office having second thoughts about inter partes review thanks to new Director Iancu? Our first real evidence of that may be found here on PLI's Patent Law Practice Center.
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Lawyer Life
There's more to Madrid than fancy museums
Spain's Madrid is famous for its top-tier museums such as the Reina Sofia and the Prado, but there are plenty of not-so-famous attractions travelers should visit. Travelers can row a boat on Retiro Park's lake, view the expansive city from the Faro de Moncloa observation tower and feel like a soccer player touring the Real Madrid Santiago Bernabeu Stadium.
The Telegraph (London) (tiered subscription model) (5/23) 
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Taking a break in Cayos de Villa Clara, Cuba
Cayos de Villa Clara, which consists of the islands of Ensenachos, Las Brujas and Santa Maria, is perfect for travelers seeking rest and relaxation in Cuba. Travelers can spot flamingos and other birds at the Buenavista Biosphere Reserve, enjoy the sounds of the Conga La Salsa Band in the town of La Estrella and take a stroll along the beach at the Dhawa hotel.
Travel Market Report (5/22) 
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Editor's Note
SmartBrief will not publish Monday
In observance of Memorial Day in the US, SmartBrief will not publish Monday. Publication will resume Tuesday.
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Men are accused for not knowing their own weakness, yet, perhaps, as few know their own strength. It is in men as in soils, where sometimes there is a vein of gold, which the owner knows not of.
Jonathan Swift,
writer and cleric
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