Your Daily Dose of Financial News

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Just one day?  True.  But a 400-point increase for the Dow was welcome news to start this particular Wall Street week – WSJ and Bloomberg

Dealbook’s White Collar Watch considers what the Fed’s dropped hammer on Wells Fargo means for the rest of corporate America – NYTimes

The post 3G Capital Kraft Heinz runs like a dream (in terms of efficiency, at least). Now, it’s about getting fickle customers to buy what it’s selling – WSJ

The UK’s Serious Fraud Office unveiled new charges against Barclays Bank yesterday over a $3 billion loan it made to Qatar in 2008 for the purpose of “allowing the firm to directly or indirectly acquire shares in Barclays PLC” – Law360

Insert Rock joke here. Tiny Gibraltar (via its Financial Services Commission) is developing what’s being deemed the first dedicated rules for initial coin offerings, a matter its parliament has been working on since last fall – Law360

The irony in a scheme to manipulate the index meant to measure volatility in the markets isn’t lost on us, but that’s exactly what was going on according to a whistle-blower who told the SEC and CFTC that a flaw in the long-sleepy VIX has allowed traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital” – Bloomberg

High-speed traders—whose thirst for even the smallest advantage fueled their need for speed in past years—are exploiting Chicago Mercantile Exchange loopholes (tiny gaps between trade confirmations and the public data feed) to get an early read on market direction – WSJ

Big trouble brewing at Aetna after its medical director admitted under oath that he “never looked at patients’ records when deciding whether to approve or deny care” – CNN

Comcast isn’t content in letting Disney just waltz in and snap up 21st Century Fox, and that interest could prompt Big Mouse to open its wallet a bit wider – Bloomberg and NYTimes

Because planking is so 2010, we’ll likely have this to enjoy for the next few months thanks to Swiss Olympian Fabian Bosch – HuffPo

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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