Your daily dose of financial news - The Brief – 7.22.16

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As previewed here this week, the US has indeed sued to block the Anthem/Cigna and Aetna/Humana deals – NYTimes and WSJ and Law360

Even as the DOJ pursued criminal charges against two HSBC bankers this week, Dealbook’s Street Scene reflects on the dearth of criminal actions against individuals responsible for the 2008 financial crisis – NYTimes

The ECB kept interest rates steady yesterday, so Eurozone watchers were paying especially close attention to his comments that accompanied the non-move. The details – NYTimes

EU financial watchdog ESMA has fined rating agency Fitch Ratings Ltd. $1.5 million for reportedly violating the EU’s rules for rating agencies relating to the 12-hour requirement, internal controls, and unauthorized disclosures of sovereign ratings information – Law360

The early verdict on Musk’s Master Plan Part II: li’l bit scary for shareholders, li’l bit underwhelming for the rest of us – NYTimes and Bloomberg

Ponzi schemes are nothing new—going back 100 years by that name and even longer in concept—but the medium is open to change.  So no surprise, I guess, that it’s Bitcoin Ponzi time now – WSJ and Law360

There’s something potentially rotten in Denmark, and the good money is on its housing market after 4 years of a negative rate experiment – Bloomberg

As part of its pursuit for world domination (seriously), Facebook engineers are moving toward a light-based solution for wirelessly transmit internet signals (free-space optical communication).  It’s years from reality, but it sure seems to be the next big thing.  Plus, it involves lasers, so that’s pretty cool – NYTimes

So long, VCRs.  It was a good run – Bloomberg

On the Czech Republic and its love of [and longtime legal requirement for] libraries – NYTimes

Have a great weekend.

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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