Your Daily Dose of Financial News

Robins Kaplan LLP

Breakingviews takes a look at what GE’s bid for Baker Hughes means for the future of GE, including the possibility of spinning off its oil & gas sector at some point if necessary – NYTimes [and WSJ]

We know all about Bitcoin and even Etherium.  Time to meet Zcash, another virtual currency whose claim to fame is its being nearly untraceable – NYTimes

Valeant’s ex-CEO and CFO are under the microscope as the DOJ’s criminal probe over the pharma company’s hidden ties to Philidor RX Services moves forward – Bloomberg

Forget Halloween.  It’s the asset bubbles that are terrifying economists and market watchers in China – WSJ

Though he was dropping hints that he was happy to be heading out the door on time, Canadian Mark Carney will be staying at the helm of the Bank of England until mid-2019 – NYTimes

The CFTC’s reportedly investigating the interest rate swap activities of Citigroup and others. Swaps allow companies to “hedge against a rise or fall in interest rates on the debt that they issue or hold, with banks usually taking the other side of the bet.” Citi has $33 trillion of exposure to such swaps – Law360

Under normal circumstances, a stronger dollar and higher bond yields might be a good thing for the US economy.  Streetwise thinks otherwise – WSJ

Ant Financial’s Alipay—already a dominant force in China—has global ambitions – WSJ

With victims like these, who needs friends? – NYTimes

The NBA’s back.  And so’s the Lion King Cam.  Thanks, Phoenix – Bleacher Report

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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