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Goldman’s deal-making advising is sputtering a bit these days, so Lloyd and the gang are working on generating some of those deals themselves through a new Innovations Lab internal venture – NYTimes

Of course, there’s money to be made in trading, too. With that in mind, Goldman and JPMorgan will soon start offering trades in derivatives that “enable investors to bet on or against high-risk bank bonds that financial regulators can wipe out if a lender runs into trouble.”  Additional Tier 1 notes (or AT1s) are the securities at the heart of these trades, and they’ve become a roughly $150 billion market  – Bloomberg

Uhhh, about that Kaspersky antivirus software quietly running in the background on your computer . . .  How exactly does one translate Trojan Horse into Russian?  – WSJ

A federal raid of Caterpillar’s Peoria HQ made headlines last spring. Now, CAT has moved to dismiss securities fraud class allegations that were filed the day after the raid, arguing that the company “has been open with shareholders about the scrutiny and has not been accused of wrongdoing” – Law360

Federal Reserve September meeting minutes out yesterday showed that the inflation conundrum is very real, but it’s not keeping the Fed from moving forward with its plan to increase the benchmark interest rate again before 2017 closes – NYTimes and Bloomberg

We’re not exactly sure which of Ray Dalio’s “Principles” are at play here, but the ongoing executive-level shakeup at Bridgewater Associates continues – WSJ

Barclays and the DOJ traded yet more briefing yesterday on the propriety of the government’s use of FIRREA to seek civil penalties over the bank’s alleged deception of investors about the “quality of $31 billion worth” of RMBS – Law360

Coach, the brand, lives on.  But Coach Inc. is no more. Meet Tapestry (and thank Stuart Weitzman and Kate Spade for the change) – NYTimes and WSJ and Bloomberg

Fascinating Minnesota-focused long-read from the Times that confronts what many view as a binary economic choice for our Boundary Waters area: wilderness or mining – NYTimes

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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