Your Daily Dose of Financial News

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Equifax CEO Richard F. Smith is out as the fallout continues from the massive cyberbreach of the consumer credit reporting agency that exposed the personal information of as many as 143 million people – NYTimes and WSJ and Marketplace and Law360

White Collar Watch is calling out the SEC’s response to its own cyberhack revelations as a potential playbook for other compromised companies making breach announcements of their own in coming years. As in, pretty hard for the SEC to criticize companies who use the agency’s own words, right? – NYTimes

The FBI and SEC are reportedly investigating Renovate America, one of the country’s largest “Green” lenders (under the US’s PACE program), over Renovate’s marketing, training, and investor communications practices – WSJ

Uber’s previously uncharacteristic apology and plea for a second chance in the London market may point to a “fruitful new path” forward for the PR-troubled ride-hailing company – NYTimes

Germany’s Siemens and France’s train equipment maker Alstom are joining forces to create a rail giant meant to compete with China’s Railway Rolling Stock Corporation – NYTimes and WSJ and Bloomberg

Concerns over unresponsive inflation and calls from Mpls Fed chief Neel Kashkari to stay pat aside, Fed Chair Janet Yellen confirmed yesterday that the Federal Reserve intends to keep raising benchmark interest rates. December is the date of the next likely bump – NYTimes and Bloomberg

If there’s stock in shiplap somewhere, it’s taking a beating right about now after yesterday’s news that Chip & Joanna are no more (on TV, at least) – MarketWatch

MDR

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