Good morning. The Federal Reserve is looking at ways to step up supervision of technology firms that serve the banking industry, amid ongoing concerns about the threat of cybersecurity breaches, a senior official said.

The central bank is looking at whether to examine the compliance programs and governance structures at tech firms that provide data storage and services to the industry, Richard Ashton, deputy general counsel for litigation, enforcement and system matters, said at a conference in New York.

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Financial regulators are allowed under the Bank Service Company Act to examine third-party vendors that provide core banking services, according to Mr. Ashton. As more banks outsource data management and other services to technology firms, regulators may be justified in strengthening their oversight, Mr. Ashton said.

“How far the authority goes to conduct examinations, I think, is something we are closely looking at,” Mr. Ashton said, speaking broadly about Fed enforcement priorities. “Is it something that we can look at the governance structure at these third-party providers? Can we look at their overall compliance management program?”

Prime Minister Benjamin Netanyahu of Israel was indicted on corruption charges, posing a heightened threat to his personal and political future and deepening uncertainty as the country hurtles toward an unprecedented third election in a year.

Attorney General Avichai Mandelblit said on Thursday that Mr. Netanyahu faces charges of bribery, fraud and breach of trust in connection with three corruption probes, marking the first time a sitting Israeli leader has been indicted.

• Former Baltimore Mayor Catherine Pugh pleaded guilty to federal conspiracy and tax-evasion charges stemming from a yearslong scheme to benefit from her self-published “Healthy Holly” children’s books. 
   
• The California Supreme Court invalidated the state’s effort to require President Trump and other presidential candidates to turn over their tax returns in order to appear on the state’s primary election ballot. 

A bipartisan group of U.S. senators criticized President Trump for loosening restrictions on Chinese telecom giant Huawei, citing concerns its equipment could be used to spy on Americans.

In a letter sent on Thursday, more than a dozen Senators led by Minority Leader Chuck Schumer (D., N.Y.) and Tom Cotton (R., Ark.) asked Mr. Trump to stop the Commerce Department from granting requests to U.S. semiconductor makers and other companies that asked to send shipments to Huawei.

“You have said yourself that you did not want the U.S. doing business with Huawei,” the lawmakers said in the two-page letter. “National security experts widely agree that Chinese companies cooperate heavily with the Chinese Communist Party, and the Chinese government is thought to exercise considerable influence over Huawei, in particular.”

• A decision by the German public broadcaster to share videos on Chinese-owned TikTok is sharpening concern in Germany about censorship and security and fanning a debate about the cost of the country’s vast public-sector media system. 

• The global economy is at risk of settling into a low-growth rut without urgent action to roll back recently erected obstacles to trade and greater investment in tackling climate change, the Organization for Economic Cooperation and Development said.
   
• A group of Democratic senators, half of whom currently running for president, are supporting a new bill that would direct the Federal Reserve to formally factor climate-change risks into its oversight of large financial firms.
   
• President Trump’s decision to let a deadline to impose tariffs on foreign auto imports lapse without taking action has left the auto industry puzzled over the White House’s next move—which could include restarting the clock with a new levy action.
   
• The federal agency responsible for setting election security standards is grappling with key leadership vacancies and inadequate funding, a new report by a government watchdog office has found.
   

Corporate tax chiefs are trying to assess the potential implications of a proposal for a new global tax system for consumer-facing businesses, an effort that is being complicated by what some companies describe as a lack of critical details.

The new rules would set a standard tax rate for a company’s global operations and allow individual governments to tax profits above that based on sales accounted for by each country. The proposal represents a departure from current regulations that look at where companies are headquartered and where they hold patents and brands. 

Xerox said in a letter to HP’s board that it would take its $33 billion takeover bid to HP’s shareholders if the company doesn’t reconsider Xerox’s acquisition offer by Nov. 25.

Xerox Chief Executive and Vice Chairman John Visentin said in the letter that Xerox is “very surprised” HP’s board rejected the buyout offer of $22 a share, which comprises $17 in cash and 0.137 Xerox share for each HP share.

HP rejected Xerox’s offer Sunday as too low and not in the best interests of its shareholders. It expressed a willingness to discuss a deal to combine with its smaller rival, though, saying it needs more information about Xerox’s business, through a process known as due diligence.

Troubled office-space startup WeWork said it would shed around 2,400 jobs following its botched initial public offering in an effort to reduce mounting losses.

We Co., as its parent company is formally known, said that the layoffs are necessary to create a more efficient organization.

The job cuts, which represent about 17% of its workforce, began around the globe weeks ago and spread this week to employees in the U.S., the company said. The figure doesn’t include the roughly 1,000 cleaning and facilities employees who are set to be transferred to an outside vendor, or the additional 1,000 employees who work at companies that WeWork acquired and is now trying to sell. WeWork had around 14,500 employees before the layoffs began.

• Charles Schwab is in talks to buy TD Ameritrade in a deal that would reshape the discount-brokerage market, where millions of individual investors buy and sell stocks.
   
• To revive oil giant Aramco’s long-delayed initial public offering, the Saudi crown prince has slashed through his bureaucracy to silence or remove naysayers.
   
• Bridgewater Associates, the world’s largest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, said people familiar with the matter.
   
• Kroger is turning back to the basics of selling groceries after trying to sell too many new products and renovate too many stores at once. 
   
• Blackstone has closed the door on its giant rental-home gambit. The investment firm sold the last of its stake in Invitation Homes Inc., the company it created after the housing crisis to scoop up tens of thousands of foreclosed properties, spruce them up and rent them out.

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Send comments to the Risk & Compliance editor, Jack Hagel, at jack.hagel@wsj.com