Vanguard CEO William McNabb announced plans yesterday to step down, a big announcement for the mutual fund giant that finds itself “in the middle of one of the biggest growth spurts ever experienced by a large asset management firm” – NYTimes and WSJ and Bloomberg

Dealbook suggests that in bending over backwards to accommodate the mind-bogglingly massive Saudi Aramco IPO, the UK’s Financial Conduct Authority is likely making a bed that’s going to be very uncomfortable in which to lie – NYTimes

Roku, for example, should hardly expect similar treatment (in the UK or the US) for its anticipated offering sometime in 2017 – WSJ and MarketWatch

Toshiba’s resumed talks with suitors to unload its $18 billion microchip business, adding another chapter to a saga that has pitted the struggling Japanese tech giant against Western Digital in a battle with serious tech stakes – NYTimes

Nothing like a little inter-agency battle.  And that’s what we’ve got as acting OCC chief Keith Noreika and CFPB Director Richard Cordray are in the midst of a letter-writing battle over the CFPB’s new reg banning forced arbitration – WSJ and Law360

Wrapping up two days of testimony on the Hill yesterday, Fed Chair Yellen dropped a few interesting nuggets, including the notion that the Fed was open to basing SIFI status on a company’s activities and not just size alone – Law360

RBS announced this week that it will pay $5.5 billion to resolve allegations by American authorities related to its underwriting and sale of toxic mortgage-backed securities – NYTimes

It’s been wild and crazy over at the Shkreli trial this week – Law360

Anyone take the under on the DraftKings/FanDuel merger working out? – ESPN

So maybe Goldman Sachs isn’t quite as buttoned-up as its reputation would have us believe?  Just ask [co-president] DJ D-Sol – NYTimes

Have a great weekend.