Your Daily Dose of Financial News

Robins Kaplan LLP

What to expect as the FOMC breaks today – NYTimes and WSJ and Bloomberg

Some day-later reaction to the abrupt departure of Instagram’s founders from the Facebook family – NYTimes and WSJ

Hiding somewhat in the shadows during the rise of virtual currencies over the past year or two has been blockchain, the ledger technology that undergirds bitcoin and other cryptos, and its potential application beyond digital money. That potential is quickly turning into a reality, and one need look no further than Walmart to see how – NYTimes

Inspire Brands, Arby’s and Buffalo Wild Wings’ parent company, is adding fast food drive-in chain Sonic to its stable in a $2.3 billion deal – WSJ

Bankers (with the support of one of their own, former OneWest chief and current Treasury Secretary Steven Mnuchin) and community activists look to be going to the mats over White House plans for an overhaul of the Community Reinvestment Act, a 70s-era act aimed at preventing banks from redlining (a practice where they wouldn’t lend in lower-income communities) – WSJ

Online polling company SurveyMonkey raised an impressive $180 million through its IPO on Tuesday, with shares selling above the marketed price – Bloomberg and MarketWatch

Qualcomm has accused Apple in California state court in San Diego of improperly sharing its software and confidential files with rival Intel in an effort to help Intel develop modem chips for iPhones – WSJ

Former DeutscheBank trader Cedric Chanu has pleaded not guilty to charges that he engaged in spoofing between 2009 and 2011 in an attempt to manipulate precious metal futures on the Chicago merc exchange – Bloomberg and Law360

White Collar Watch on the thorny question of what governments can do when big banks (think Danske, BNP Paribas, and HSBC, among others) continually fail to address massive money laundering schemes in their branches – NYTimes

Former Bankrate Inc. CFO Edward DiMaria is staring down the barrel of 10 years in prison over his role in a fraud scheme that included falsifying statements sent to company accountants, altering company records, and lying to the SEC. DiMaria will also pay $21.2 million in restitution – Law360

DD no more, it seems. Next time you need your fix, just focus on Dunkin’WSJ

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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