THE WEEK THAT WAS...

Trump taps ex-bank CEO

President Trump nominated Joseph Otting, the former chief executive of Pasadena’s OneWest Bank, to be comptroller of the currency, a powerful regulator who oversees federally chartered banks. The move drew f ire from consumer advocates and Democrats, who pointed out that Otting would be in a position of regulating banks even though one he headed has run into regulatory trouble.

Changing air traffic control

Saying the current U.S. air traff ic control system is broken, President Trump called for a plan to put the system into the hands of a private, nonprof it company that could improve and modernize air travel. The Federal Aviation Administration would turn control over to a panel that would include representatives from airlines, pilot and f light attendants unions, and local leaders.

Fashion mart has new owner

L.A.’s biggest center of showrooms serving the apparel industry will soon open its doors to tenants outside the rag trade. Off ice landlord Brookf ield, king of highrises in downtown Los Angeles, has taken over the hulking California Market Center. The $440-million deal further diffuses what constitutes the off ice district to newly emerging neighborhoods, such as the fashion district.

Rescinding worker rules

Shifting from a workerfriendly, Obama-era approach, the U.S. Labor Department said it retracted a standard for determining whether companies are jointly responsible for the conditions of workers employed by franchisees, temp agencies and other contractors. It also rescinded guidance intended to stop the wrongful classification of employees as independent contractors.