The DOJ is dismissing charges against former JPMorgan employees allegedly mixed up in the London Whale trading scandal that cost JPM more than $6 billion – NYTimes and WSJ and Law360

The Journal is calling China’s recent crackdown on some of its biggest conglomerates (think the Dalian Wanda Group, HNA Group, and Anbang Insurance Group—the “gray rhinos”) a warning to other Chinese companies that took on big debt to buy overseas assets – WSJ

Fintech has thus far struggled to disrupt traditional banking as we know it in quite the way originally thought.  But that’s not preventing PE firms from “rushing” to bet on the promise of a cashless future – NYTimes

JPMorgan and Deutsche Bank have reached a deal with plaintiff investors to pay a combined $148 million to end claims that they rigged the Libor benchmark rate – Law360

KKR’s nearing a deal to buy WebMD, which was valued at nearly $2 billion as recently as Friday – WSJ

Citi to Frankfurt.  Bana to Dublin.  The post-Brexit European financial landscape is looking less concentrated these days – NYTimes

BMW’s pushing back against allegations that it colluded with Daimler and Volkswagen to install inadequate emissions equipment – NYTimes and Bloomberg

Jordan’s blown a final round lead in a major before.  But Royal Birkdale was kinder to him than Augusta National, and Spieth took home the Open Championship (and his third major before the age of 24) – WSJ

Ready to get still Stranger? – Netflix