US banks made a strong showing in part 2 of the latest round of the Fed’s stress tests. Only Morgan Stanley didn’t pass unconditionally (concerns over the company’s “internal controls and processes” tripped it up), while the US subsidiaries of Deutsche Bank and Santander were at the bottom of the pack (both have failed in previous years, too) – NYTimes and WSJ and Bloomberg
Speaking of Deutsche Bank, the German finance giant has agreed to pay FINRA $6 million for reporting inaccurate trade data to the agency and the SEC for 7 years – Law360
With US stocks bouncing back, we’ve dropped our Brexit coverage to just ONE, incredibly enough. But it’s a good one, with Streetwise giving investors some good advice about not messing with the UK’s FTSE 100, despite a good Wednesday showing – WSJ
Film studio Lionsgate is reportedly nearing a deal to snap up premium cable outlet Starz in a merger that would create an entertainment company with a combined market value of nearly $6 billion – NYTimes and Bloomberg
GE’s roughly year-long process of shedding assets (including its recent US restaurant holdings) finally paid off, as regulators agreed to strip it of its “systemically important financial institution” (SIFI) label (and the extra regulatory requirements that came with it) – NYTimes and WSJ and Law360
Google Capital’s making a bold new move into publicly traded companies with a $46 million investment in Care.com, a company that helps connect families and caregivers. The move makes the Alphabet investment arm Care.com’s biggest shareholder – NYTimes and Bloomberg
Winklevii? Bitcoin? BATS? ETF? Can’t pass up that combo – WSJ
There’s an IPO coming soon . . . Honest – Bloomberg
Some just lovely reflections on the passing of Times street style-documenting fixture Bill Cunningham—a man whose joy for his job and for fashion was on fantastic display in the 2010 documentary Bill Cunningham New York. Do yourself a favor and give it a watch – NYTimes