Your daily dose of financial news - The Brief – 8.15.16

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….aaaaaand, we’re back.

The former Tribune Publishing’s efforts to avoid a Gannett takeover’s going about as well as its foray into renaming itself (tronc, anyone?).  Here’s an update on how it’s all going – NYTimes

More details have emerged from the February cyberheist that resulted in the theft of more than $81 million from Bangladesh’s account at the NY Fed, including a pretty significant lack of critical concern from the bank itself – WSJ

Fair Game takes up stock buybacks this week—namely, the criticism that the money for such repurchases would be much better spent as capital to help business growth or that the buybacks help mask poor earnings per share – NYTimes

Mass Mutual and RBS have settled a long-running lawsuit over alleged misrepresentations in $235 million in sales of MBS for an as-yet undisclosed amount – Law360

A total that, regardless of size, will surely pale by comparison to the $4.5 billion (with a b) settlement just approved last week in New York to resolve claims by institutional investors against JPMorgan over allegedly misleading advice for buying RMBS in the lead up to the financial crisis – Law360

Breakingviews looks at what the Fed’s additional delay on Volcker Rule implementation for the big banks means—not just for the banks themselves, but for shareholders as well – NYTimes

With new kid IEX on the block, Nasdaq is working on an option to snag interest of those interested in speed – WSJ

Moody’s wants the Supreme Court to take a crack at a 1st Circuit opinion that gave the FHLB Boston another go on its ratings fraud claims – Law360

Let’s turn an eye back to China—quiet, of late, after a wild ride last year—where the Times warns that major investment funds, beset by “opaque” dealings, could fail and leave the Chinese government unable to deal with the shock – NYTimes

Google’s move to the ABCs is still paying off. Big time – WSJ

Venezuela’s come up on with one way to take a crack at an oil-driven disaster of an economy – Bloomberg

Last Week Tonight as trained an eye on the subprime auto lending crisis-in-the-making – LWT

With 3 under 5 at home, I’ll be bookmarking this little “what teens really need from parents” primer for major use presumably before I know it – WSJ

3 in a row? That’s GOAT stuff [almost as good as tweeting your way to Rio] – Bloomberg

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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