White Collar Watch dates itself considerably with its Perry Mason allusion, but its bigger point is an interesting one–good luck finding a true “gotcha” moment when dealing with what are “quintessentially offenses of the mind” – NYTimes
Valeant had a long turnaround road ahead with Pershing Square on board. That road’s considerably more difficult now – Bloomberg
Vodafone is merging its Indian unit with Idea Cellular in a $23 billion deal that looks to capitalize on a combined network of 400 million users in a country whose population tops 1.2 billion – NYTimes
SoftBank Group is reportedly dropping a planned $100 million investment in an iPhone rival helmed by the mind behind Google’s Android software. SoftBank’s “increasingly close” relationship to Apple is seen as a contributing factor for the reversal – WSJ
Houston-based Cadence is set to become the year’s first bank IPO – Law360
The French unit of Switzerland’s UBS will face trial associated with a long-term investigation by French authorities over the bank’s efforts to help clients evade taxes by hiding funds – NYTimes
Wells Fargo continues to feel the impact of its fake-account scandal, and the accounts in the middle of it all give a pretty good sense of the pain – WSJ and Bloomberg
The cost of repos are on the rise. The Journal explains what they [repurchase agreements] are, and why you should care about them [they help ensure that cash and securities can keep flowing among hedge funds, investment banks, and other financial entities] – WSJ
Coogan and Brydon are back. Special cameo, presumably, by Michael Caine[‘s voice] – Revolution Films